Yahoo! Movin’ On Up
This week, Yahoo! released its quarterly report and threw more astounding numbers our way. For starters, even without taking into consideration their gain from sales of Google shares, Yahoo!’s fourth-quarter net profit rose from $75 million to $187 million—up to13 cents a share from a previous 5 cents per share.
Once the sale of its Google shares are added to the mix, Yahoo! reports that their net income has risen to $373 million. The revenue they stuffed into their pockets from branded and Web search advertising came out to $911 million—a rise of 67%.
Also up are the numbers of paying subscribers: 800,000 customers were added to this arena in the fourth-quarter, bringing the total subscriber number to 8.4 million. And the list of their successes goes on and on. We’re betting those year end bonuses were pretty sweet.
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Reprinted by permission of ADBUMB, Inc.
