Feeds

Yahoo! posts! record! quarter!

Success! Success! Success!

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Advertising money is coming back, and Yahoo! could not be more excited, as the company hit record profit marks in its second quarter.

Yahoo saw revenue rise to $321.4 million in the period ended June 30. This is a 42 percent jump over the $225.8 million posted in the same quarter a year ago and marks the most revenue for a quarter in company history. Income rose as well, hitting $62.8 million compared to $7.5 million in last year's second quarter.

What is behind sudden revenue surge?

"Some of the key drivers of success this quarter include more balanced growth in marketing services, from both traditional advertising and sponsored search, as well as ongoing success in converting consumers and small businesses to fee-based services," said Terry Semel, CEO at Yahoo!, in a statement.

True to Semel's words, marketing services did provide a nice boost in the quarter. Yahoo! pulled in $219 million in the business segment - a 44 percent increase year-on-year. Fees revenue also surged 43 percent to $69.9 million. The main drivers for this increase came from Yahoo!'s DSL partnership with SBC and its personals service. The Web casting business declined.

Yahoo! is so bullish about recent trends that is has raised guidance for the entire fiscal year. The company now expects to post revenue between $1.26 billion and $1.31 billion for 2003 - up from a range of $1.14 billion to $1.21 billion.

Shares of Yahoo! closed up a half percent at $35.29 at the end of Wednesday's trading. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.