Overture's revenue for the second quarter of 2003 rose to $265.3m (£164.6m) compared with $152.5m in 2002. Net income was $7.6m, down from $17.5m in 2002.
Advertisers on the site enjoyed 646m paid-for introductions from consumers worldwide in the second quarter of 2003, compared with 515m in the same period of 2002 and 608m in 2001.
The revenue rise also reflected cash payments made during the quarter to complete the acquisitions of the web search unit of Fast Search & Transfer and the Alta Vista Company.
On July 14, Yahoo! announced it had bought Overture for $1.6bn in a deal that is expected to put Yahoo! on an equal footing with Google and increase the worth of the paid-for-search advertising sector from its current $2bn to top $5bn by 2006.
Ted Meisel, Overture's president and chief executive officer, said: "As we move towards our merger with Yahoo!, our business continues to demonstrate strong operating momentum. Our second-quarter results provide clear evidence that we continue to drive the core business while rapidly transforming Overture from a one-product company to a multi-product enterprise operating successfully on a global scale."
Overture also announced that it had appointed KPMG's Ruud Smeets to head up the launch of Overture's Netherlands office in one of Europe's most mature markets.
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