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Yahoo! Q4 results beat Wall Street predictions

Annual revenues up nearly 300 per cent

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Yahoo! yesterday reported a $25.04 million profit on revenues of $76.41 million for Q4 1998. That put the Internet portal's earnings at 21c a share, well ahead of Wall Street's expectations of 16c a share. For the same period last year, Yahoo! recorded revenues of just $26.58 million, and profits of $1.9 million Taking fiscal 1998 as a whole, Yahoo! took in $203.27 million, almost three times the $70.45 million revenues it recorded for 1997. Profits for the year totalled $49.93 million, up from last year's overall loss of $425,000. The company also announced that its base of registered users had reached 35 million individuals. December 1998 also saw Yahoo!'s average daily page view rate reach 167 million, up from 144 million in September. ®

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