Feeds

Yahoo! posts! profit!

Revs up

  • alert
  • submit to reddit

The essential guide to IT transformation

Yahoo! Inc's decision to cut costs and introduce new ways to generate money, such as charging for email, appears to be paying off.

Revenue at the world's most visited portal network jumped 51 per cent to $285.8m in Q4 2002, up from $188.9 million in the same period in 2001.

This increase helped deliver positive numbers for Yahoo! posting a net income for the three months to the end of December of $46.2m, compared with a net loss of $8.7 in Q4 2001.

Net revenues for the year landed at $953.1m, up 33 per cent compared to the $717.4 m reported in 2001.

There was also an improvement in the outfit's EBITDA with earnings before interest etc for the year at $206m compared with an EBITDA loss of $18.6 million in 2001.

Terry Semel, chairman and chief exec of Yahoo!, said that major changes at the company had taken Yahoo! "from a company with tremendous potential to one with multiple strong businesses" which can build a "sustainable long-term future".

Looking ahead, Yahoo! anticipates revenues for Q1 2003 to be between $255m and $275m, with EBITDA coming in somewhere between $60 and $70 million for the quarter.

For the full year, Yahoo! expects to generate revenues of between $1.145bn $1.215bn, with EBITDA between $295m and $330 million. ®

Build a business case: developing custom apps

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.