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Fourth Quarter Revenues Grow 51 Percent Year Over Year; Full Year Revenues Grow 33 Percent Over 2001; Fourth Quarter Earnings Per Share of $0.08
More From Reuters [biz.yahoo.com]
Internet media company Yahoo Inc. on Wednesday reported a quarterly profit versus a year-earlier loss as revenue from its premium subscription services grew...The average estimate of 17 analysts polled by Thomson First Call was for earnings per share of 6 cents.
and AP [news.yahoo.com]
Yahoo said its advertising division accounted for $177.5 million of its fourth-quarter revenue, a 31 percent increase from the prior year. Without providing specifics, Yahoo acknowledged that Overture's advertising service generated most of the fourth-quarter gains. Some analysts are worried that Yahoo will become too dependent on Overture, which is locked in a fierce battle with search engine powerhouse Google
[edited by: rubble88 at 11:06 pm (utc) on Jan. 15, 2003]
Yet Y!'s stock closed lower.
Does this reflect skepticism or is it worry as investors wait for Y! to digest hotjobs.com and inktomi?
I hope they keep it up, as the internet sector needs all the good cheer it can get.
And if Google has an ipo, and the war comes out ok, then I think we may see the economy lifting by the end of the year (xmas 2003) or spring of 2004. Summer is traditionally slow for stocks and election years have traditionally been good for the economy.
Interesting to see how things develop.
After all, what is easier, making an awesome search engine like google that algorizes (Al Gore-izes?) the millions of sites on Internet, or.... listing four freaking sites at the top of each keyword search!
Pay Google to do the hard stuff, do the easy stuff in-house, keep 100% of the easy stuff profit instead of splitting it.
steveb, ROFLMAO.....if he can't convince people he created the Internet maybe he will go for inventing the Google "Al-Gore-ithm" when he runs for president next time;) That one must be his, they named it after him :)
But seriously folks:
Y! replacing Overture makes sense, I'm sure Ink's "Web Search 9" technology will be used for this. Ink's general search quality is good enough to replace Google as well IMHO. Y! stated in the initial press release:
"Yahoo!'s vast reach and its unmatched breadth and depth of services, combined with Inktomi's outstanding engineering expertise and leading search technology, will help us achieve our goal of providing users with the most comprehensive, relevant and highest quality search solutions on the Web"
- sounds to me like they said Inktomi produces better results than Google? It's going to be hard for them to explain why they don't use Ink for general none sponsored searches.
I also suspect they will be using Ink search technolgy for other products, like a Froogle competitor, and other vertical market search applications.
>Does this reflect skepticism or is it worry as investors wait for Y! to digest hotjobs.com and inktomi?
I think it is worry, but more related to George W digesting Iraq.
It's nice to see Y! increasing profits. Maybe the Internet does have a future after all :)
If Yahoo believes that, then either a Google/Inktomi blend or pure Inktomi would achieve their stated aim: and at that fire-sale price (compared to annual Google costs) Inktomi had to be hard to pass up.
So obviously the ARE taking their SE/Directory seriously. I guess there will be more to come. But honestly, I've seen the traffic that they send to top listings reduced so greatly it's sad.
[edited by: engine at 5:06 pm (utc) on Jan. 17, 2003]
[edit reason] fixed long url [/edit]