Feeds

Yahoo! flies high in Q3

Barnstorming quarter

  • alert
  • submit to reddit

Top three mobile application threats

Yahoo! has posted strong Q3 results, with net income more than doubling to $65.3 million, thanks largely to the health of its marketing services sector.

Net revenues for the quarter were $356.8 million, up 43 per cent from the same period last year, when it brought in $248.8 million. One of the strongest engines for growth at the Internet giant was marketing service revenue, including sponsored search revenues, which soared more than 48 per cent on last year, reaching $254.1 million.

Terry Semel, chairman and CEO of Yahoo, pointed out that, compared to last year, the company saw double digit increases in each of its three line items -- marketing services, fees, and listings -- but both fees and listings were a distant second and third place compared to marketing services revenue. Revenues from fees for the quarter totalled $79.4 million, a 38 per cent increase on the same period last year.

The company says these increases were due to the increasing number of customers paying for services such as SBC Yahoo!, the DSL and dial-up Internet service Yahoo! offers with SBC Communications, personals and business and communications services.

Listings revenues, meanwhile, totalled $32.4 million, a 26 per cent rise year-on-year. Yahoo! attribute the growth in listings over the past nine-month period mostly to revenues from HotJobs, which the company acquired in February last year, as well as increases in search and marketplace services revenues.

"Our client base really says it all: we are supported by hundreds of blue chip traditional marketers, thousands of small and medium-sized businesses, and millions of consumers around the world," said Susan Decker, CFO of Yahoo! Third quarter success augurs well for future progress, she added.

Yahoo! had 4.2 million unique paying subscribers at the end of the third quarter, which it expects to raise by between half a million and 700,000 in the current quarter.

In its outlook for the fourth quarter, Yahoo has forecast operating income before depreciation and amortisation of between $130 million and $150 million. It expects its fourth quarter revenue to fall within a range of $462 million and $502 million, excluding traffic acquisition costs, representing the costs of its recent acquisition of Overture. Yahoo! on Tuesday announced that it had completed its purchase of the commercial search company, which claims relationships with more than 100,000 advertising clients.

For the full fiscal year, Yahoo! raised its guidance and is now expecting operating income (before depreciation and amortisation) of $428 million to $448 million, on revenues of between $1.42 billion and $1.46 billion. The company had previously forecast operating income of no more than $400 million on revenue of up to $1.31 billion.

© ENN

3 Big data security analytics techniques

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.