Yahoo Reports Higher Profits

Share this content:
Fueled in part by a comeback in online advertising, Yahoo yesterday reported higher profits and revised its business outlook upward.


Yahoo, Sunnyvale, CA, reported a net profit of $50.8 million, or 8 cents per share, for the second quarter of 2003, compared with a profit of $21.4 million, or 3 cents per share during the same period a year earlier. Revenue rose to $321.4 million for the second quarter of 2003, up from $225.8 million for the same period a year earlier.


Marketing services revenue for the second quarter of 2003 was $219.2 million, a 44 percent increase from last year, which was driven in part by a strong increase in revenue from sponsored search services, Yahoo reported.


Revenue from fee-based services for the quarter was $69.9 million, a 43 percent increase over the same period last year, according to Yahoo.


Listings revenue was $32.3 million, up 29 percent from the same period last year.


The company forecast that its revenue for 2003 will range from $1.26 billion to $1.31 billion.


"As we exit our fifth consecutive quarter of GAAP profitability, we continue to execute upon the key business and financial objectives we have laid out as a company, resulting from a steadily increased base of hundreds of blue-chip traditional marketers, thousands of small- and medium-sized business and millions of worldwide customers," Yahoo CFO Susan Decker said in a statement.


close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here