Yahoo! Posts Strong Numbers

Yahoo’s Q3 earnings are out: earnings of $253 million, on net revenue of $655 million.

Fees (premium) revenues for Q3 totaled $104 million, a 31 percent over year-ago period. The increase was primarily driven by the growth in the number of paying relationships for Yahoo’s premium services, which were about 7.6 million at September 30, 2004 compared to approximately 4.2 million at September 30, 2003.

CEO Terry Semel on conference call: “Today’s world is moving from
mass media to digital media, a world in which the consumer
is the programmer. Yahoo aspires to be even more essential
in people’s lives. To achieve that we know we must deliver
what the consumers want, when they want it, how they want
it, and where they want it. The future of Yahoo and the
Internet is the powerful integration of search, community,
personalization, and content
.”

Earinings release here…

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