Microsoft has reported its Q2 2009 earnings (Q4 for many other companies) and the news is mixed for their online services division. Revenues improved over the previous quarter, but came in at a 5% loss year-over-year.
Specifically, online revenues for Q2 came in at $581 million, compared to $609 million the year prior. Q2 losses came in at $466 million compared with $320 million in Q2 2008.
The loss was blamed on a decrease in overall online advertising revenues. However, the silver lining was that Bing brought a growth in search revenues for Microsoft.
Microsoft reported its first quarter earnings today and the news was dim but also promising. While the software giant suffered revenue losses, they weren’t quite as bad as predicted by Wall Street. As a result, stocks were up 7% at the time of this post.
The online services division, which contains Bing and MSN.com, continues to see losses. This quarter’s losses came in at $480 million, up from the loss of $321 million in the first quarter of 2008.
