Yahoo Inc., Sunnyvale, CA, reported yesterday that net revenue during the first quarter was $282.9 million, up 47 percent from $192.7 million posted in the same year-ago period.
Marketing services revenue was $190 million, a 38 percent jump from the same period last year while fees revenue totaled $63.7 million, 61 percent above the comparable year-ago quarter. The company said this increase was primarily driven by the growth in paying customers for Yahoo's premium services, including the new SBC Yahoo DSL and Dial products, Yahoo Personals and its communications suite of premium services.
Listings revenue were $29.3 million, an 89 percent jump compared to the same period in 2002. This increase was due primarily to revenue from HotJobs, which was acquired in February 2002.
Operating income reached $55 million compared to an operating loss of $4.2 million in the same period a year ago. Operating income was 19 percent of total revenues compared to an operating loss of 2 percent of revenues a year ago.
Net income totaled $46.7 million compared with a net loss of $53.6 million a year ago.