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Yahoo Earnings Re-cap
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Written By Reprise Media | July 20, 2005 | Share This
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Yesterday Yahoo posted earnings (get a PDF here) on par with Wall Street’s expectations but missed on the revenue side for its second quarter, ended June 30th.
eWeek.com has the story. It’s pretty dense, but here are some highlights:
- $7 Million Short: Excluding payments to third-party affiliates of its online ad network, revenue grew 44% to $875 million, $7 million short of the $882 million expected by financial analysts.
- Still at the ‘Cool Kids Table: Yahoo ended the quarter with 379 million users, 181 million of which are active, 10.1 million of which pay a fee. Numbers for all three categories (total users, actives, and paid) have all increased.
- CEO Stays Cheerful: Quote from Yahoo head Terry Semel during a conference call yesterday, “We believe we’re in a position of strength as rapid adoption of the Internet among consumers and advertisers keeps growing and Yahoo forms deeper relationships with both.”
- Investors? Not-so-much: Yahoo’s stock tumbled down $3.77 to $33.96 a share in after-hours trading yesterday.
- That Darn Google: Though some investors favor Yahoo over Google for its lesser reliance on search-based revenue, it’s done little to put a dent in Google’s marketing share (36.9% vs. Yahoo’s 30.4% according to a study by comScore Networks).
More analysis on the Internet Stock Blog here.
Topics: Investment, M&A |
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