Global revenue climbed 1.7 per cent to US$1.6 billion, but reduced product development and other costs resulted in a 107 per cent increase in operating profits to US$189.2 million.
With another US$186.3 million coming the company's way from the sale of job website HotJobs to Monster, its net income rose 112 per cent to US$398.2 million.
Asia Pacific was the growth driver with a 30 per cent increase to US$321.6 million.
The revenue drop in Europe, Middle East and Africa was mirrored in the Americas, with a 2.7 per cent decline to US$1.15 billion.
Carol Bartz, president and chief executive of Yahoo, said, "We delivered a solid quarter, with good display advertising revenue growth, big gains in operating income, and margins that were double what they were last year."
The company delivered its results amid speculation that private equity companies have drawn up takeover plans, although Bartz refused to comment on such talk.
This article was first published on mediaweek.co.uk.
