Yahoo! earned 53 million, or 17 cents per share in the third quarter. Excluding a net impact of $129 million related to the sale of its investment in Google and a tax benefit, the company earned $124 million, or 9 cents per share, up from 5 cents last year. Analysts pegged Yahoo’s earnings to come in at 9 cents a share. The online media company said sales grew 154 percent to $907 million. Excluding the cost it pays to Web distribution partners, revenue grew to $655 million from $357 million in the comparable period a year ago.
Fees from Yahoo mail, personals and the Internet access business rose 31 percent to $104 million, driven by strength in a growing number of subscribers. The company said it ended the quarter with 7.6 million paying subscribers, bringing it closer to having 8 million by year’s end. Last quarter, Yahoo generated the same amount of fees, but it had 6.4 million paying subscribers.
It’s too bad they don’t break out their Personals unit performance like Match. There could be some gotcha’s in there that we can’t identify. Mail is free, not sure about internet access except that they have a deal with SBC.
Related Posts
IAC posts 4Q lossSpark Networks 1Q 05 Financials
Spark Networks, Making More While Making Less
Older Daters Worth More to Dating Sites
Spark Networks 1Q 2007 Financial Results
Comments on this entry are closed.