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April 08, 2004
Yahoo! Reports 1st Quarter Results
Yahoo has reported on their financial results for the 1st quarter of 2004 with values that exceed their expectations. The main points include
- Revenues were $758 million in the first quarter of 2004, compared to $283 million in the same period of 2003.
- Revenues excluding traffic acquisition costs ("TAC") were $550 million in the first quarter of 2004, compared to $283 million for the same period of 2003.
- Gross profit for the first quarter of 2004 was $476 million, compared to $240 million for the same period of 2003.
- Operating income for the first quarter of 2004 was $132 million, compared to $55 million for the same period of 2003.
- Operating income before depreciation and amortization for the first quarter of 2004 was $211 million, compared to $85 million for the same period of 2003.
- Cash flow from operating activities for the first quarter of 2004 was $236 million, compared to $99 million for the same period of 2003.
- Free cash flow for the first quarter of 2004 was $197 million, compared to $78 million for the same period of 2003.
They have also reported a two-for-one stock split.
The report is probably going to push markets into a bull phase which is definitely needed at this stage.
I am eagerly waiting for the search engine use results at the moment so we can see exactly what the effect of the Google abandonment by Yahoo! is (even though it all boils down to the numbers...)
Posted by Basileios at April 8, 2004 12:55 AM
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