Yahoo Posts $22 Million Loss In Q2

[AditiArora]

Yahoo is still limping along as the internet company prepares to shed the financial crutch that has been propping up its stock during the three-year reign of CEO Marissa Mayer. The latest evidence of the challenges facing Mayer emerged with the release of Yahoo's second-quarter earnings report. Yahoo posted a nearly $22 million loss driving by soaring ad commission paid to its partners, while its net revenue remained unchanged from the previous year at $1.04 billion.