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Yahoo results click right boxes | Yahoo results click right boxes |
(about 13 hours later) | |
Profits and sales at Yahoo in the last three months of 2006 have beaten analysts' expectations. | Profits and sales at Yahoo in the last three months of 2006 have beaten analysts' expectations. |
The internet search and media firm has been under growing pressure as analysts worry about technical difficulties and the challenge posed by rival Google. | The internet search and media firm has been under growing pressure as analysts worry about technical difficulties and the challenge posed by rival Google. |
Net revenue - income minus advertising commission - was $1.23bn (£621m), a 15% year-on-year rise. | |
However its profits of $268.7m were 61% lower than a year ago because of a one-off gain in 2005. | However its profits of $268.7m were 61% lower than a year ago because of a one-off gain in 2005. |
Stock option expenses, which did not feature on the 2005 balance sheet, also dragged the figure lower comparatively. | Stock option expenses, which did not feature on the 2005 balance sheet, also dragged the figure lower comparatively. |
The final quarter of the year is usually the peak season for web firms such as Yahoo that depend on advertising for their income. | The final quarter of the year is usually the peak season for web firms such as Yahoo that depend on advertising for their income. |
Next month Yahoo launches a new web search advertising system, which the firm's chief executive Terry Semel said would help it compete with Google. | Next month Yahoo launches a new web search advertising system, which the firm's chief executive Terry Semel said would help it compete with Google. |
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