Yahoo’s Q2 Results–Back in Black: Yahoo reported a net profit of $21.4 million or 3 cents per share in the second quarter, compared with a loss of $48.5 million or 9 cents per share in the year-ago period. Net revenues totaled $225.8 million, a 24 percent increase over the $182.2 million reported in the same period last year.
“Fees and Listings revenues totaled $74.1 million [40 percent of total revenues], a 109 percent increase compared to the same period last year. This increase was primarily driven by the HotJobs acquisition in the first quarter of 2002, the monetization of Yahoo Personals, as well as an increase in the number of paying customers for Yahoo’s other fee- and listings-based services.”
Some points from the conference call:
– 1 million paid customers now for various fee-based services, compared to 600,000 at the end of the first quarter
– ultimate goal of 10 million paid relationships
– fee-based growth mainly due to Yahoo Personals and the two premium e-mail products (extra e-mail storage and POP e-mail service)
– half of the total subscriber base from the above services
– monthly average revenue per user: $5-$10 for the rest of 2002
An archived version of the earnings conference call can be accessed here.