Yahoo! Reports First Quarter 2004 Financial Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--April 7, 2004--
Company Posts Revenues of $758 Million, Operating Income
of $132 Million, Operating Income Before Depreciation
and Amortization of $211 Million
Yahoo! Inc.(NASDAQ-NMS:YHOO) (Nasdaq:YHOO) today reported results for the first quarter ended March 31, 2004.
"Yahoo!'s performance surpassed even our high expectations, delivering the most successful quarter in the Company's history," said Terry Semel, chairman and chief executive officer, Yahoo!. "With our products more popular than ever before, we have experienced success across our entire business including strong growth in our fee-based and marketing services."
-- Revenues were $758 million in the first quarter of 2004,
compared to $283 million in the same period of 2003.
-- Revenues excluding traffic acquisition costs ("TAC") were $550
million in the first quarter of 2004, compared to $283 million
for the same period of 2003.
-- Gross profit for the first quarter of 2004 was $476 million,
compared to $240 million for the same period of 2003.
-- Operating income for the first quarter of 2004 was $132
million, compared to $55 million for the same period of 2003.
-- Operating income before depreciation and amortization for the
first quarter of 2004 was $211 million, compared to $85
million for the same period of 2003.
-- Cash flow from operating activities for the first quarter of
2004 was $236 million, compared to $99 million for the same
period of 2003.
-- Free cash flow for the first quarter of 2004 was $197 million,
compared to $78 million for the same period of 2003.
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