Yahoo Q1 Earnings: Revenues Up, Profit Down
According to the WSJ (sub. req’d), Yahoo!’s net income declined 22%, while revenues were up 34%:
Yahoo, based in Sunnyvale, Calif., posted net income of 159.9 million, or 11 cents a share, compared with $204.6 million, or 14 cents a share, in the same quarter last year … Revenue surged 34% to $1.57 billion from $1.17 billion in the year earlier quarter. Sales excluding commissions paid to marketing partners totaled $1.09 billion, compared with $821 million in the year-earlier period.
Here’s more from the release:
– Revenues were $1,567 million for the first quarter of 2006, a 34 percent increase compared to $1,174 million for the same period of 2005.
– Marketing services revenue was $1,381 million for the first quarter of 2006, a 35 percent increase compared to $1,025 million for the same period of 2005.
– Fees revenue was $186 million for the first quarter of 2006, a 25 percent increase compared to $149 million for the same period of 2005.
– Revenues excluding traffic acquisition costs (“TAC”) were $1,088 million for the first quarter of 2006, a 33 percent increase compared to $821 million for the same period of 2005.
– Gross profit for the first quarter of 2006 was $909 million, a 29 percent increase compared to $707 million for the same period of 2005.
– Operating income for the first quarter of 2006 was $201 million (including $109 million for stock compensation expense recorded under the fair value method), a 19 percent decrease compared to $247 million (including $9 million for stock compensation expense recorded under the intrinsic value method) for the same period of 2005.
