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. ®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.