Yahoo reported a fourth quarter profit yesterday of $46.2 million, or 8 cents per share, according to reports. It was the third straight quarter that Yahoo beat analysts’ expectations. Analysts polled by Thomson First Call had predicted earnings of 6 cents per share.
Yahoo’s fourth-quarter revenue was $285.8 million, a 51 percent increase from last year’s fourth-quarter revenue of $188.9 million.
The strong results reflect an increase of revenue from both subscribers and advertisers, the company’s acquisition of online help-wanted site HotJobs and its relationship with Overture Service, which provides Yahoo’s ad-driven search results.
Yahoo said Overture’s advertising service generated most of its fourth quarter advertising revenue.