Yahoo! profits! triple!

Outlook's good too...

By John Oates • Get more from this author

Posted in Financial News, 13th October 2004 09:41 GMT

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Yahoo! made its sixth consecutive quarter of record revenue in the third quarter ended 30 September 2004. Revenues were $907m, up 154 per cent on the same period a year ago. Operating income for the three months was $172m, up 106 per cent on last year.

Net income for the third quarter was $253m, boosted by $129m brought in by the sale of part of Yahoo!'s stake in Google. The firm is widely seen as a bellwether for the health of internet firms - although this position is under threat from Google, which reports later this month.

Terry Semel, chairman and chief executive of Yahoo!, said: "Yahoo! began to demonstrate the next stage in the Company's evolution in the third quarter, and in doing so recorded its sixth consecutive quarter of record revenue."

Yahoo! remains optimistic for the full financial year, it predicts revenues for the fourth quarter to be as high as $760m, higher than analysts expected. Shares rose slightly on the forecast.

You can download the full results here.

Yahoo! today announced that Pierre Chappaz and Dominique Vidal have been appointed to run Yahoo! Europe. They join the company from Kelkoo, the French-based shopping search engine founded by Chappaz, which Yahoo! bought in April 2004. ®