Yahoo! Reports Fourth Quarter, Year End 2000 Financial Results
Fourth Quarter Revenues Increase 53 Percent to Nearly $311 Million, Pro Forma EPS Increases 44 Percent to $0.13 from Fourth Quarter 1999
SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 10, 2001-- Yahoo! Inc. (Nasdaq:YHOO - news) today reported results for the fiscal fourth quarter and the fiscal year ended Dec. 31, 2000. Net revenues for the fourth quarter increased 53 percent to $310,873,000 from net revenues of $203,148,000 for the fourth quarter of 1999. Pro forma net income for the fourth quarter of 2000 was $80,242,000 or $0.13 per share diluted.(1) This compares to pro forma net income of $55,703,000 or $0.09 per share diluted for the fourth quarter of 1999.(1) Including pro forma charges, which include a write-down of certain equity investments of $163,221,000, the net loss for the fourth quarter ended Dec. 31, 2000 was $97,819,000 or $0.17 per share diluted, compared to net income for the fourth quarter of 1999 of $37,764,000, or $0.06 per share diluted.
Net revenues for fiscal 2000 were $1,110,178,000, representing an 88 percent increase over net revenues of $591,786,000 in fiscal 1999. Pro forma net income for fiscal 2000 was $290,983,000 or $0.48 per share diluted compared to pro forma net income of $138,035,000 or $0.23 per share diluted in fiscal 1999.(1) Including pro forma charges, fiscal 2000 net income was $70,776,000 or $0.12 per share diluted and fiscal 1999 net income was $47,811,000 or $0.08 per share diluted.
``Yahoo! continued its strong performance in the final quarter of 2000, capping a year in which we grew revenues by almost 90 percent while expanding and strengthening the company,'' said Tim Koogle, chairman and CEO, Yahoo! Inc. ``By almost any measure Yahoo! continued to outperform the industry, and took market share despite a challenging environment. Yahoo! has become increasingly essential to consumers and businesses, and we are entering 2001 as one of the strongest brands in the world. In the coming year, we will invest further in key initiatives to gain still greater market share and to succeed in the long term.''
Global Consumer Audience
Yahoo! continued to build its leading brand, now ranked among the top 40 consumer brands in the world at No. 38 (Interbrand, July 2000). During the quarter, Yahoo! also expanded and delivered a deep array of essential communications, commerce and media services for the world's largest Internet audience. As a result, the company's audience size and usage reached record levels. Yahoo!'s global audience grew to 180 million unique users during December, up from 120 million in December 1999. A record 60 million active registered members logged onto Yahoo!® during December 2000, up from 36 million in December 1999.
Yahoo! users are consuming more services and staying longer, with usage increasing more than 94 percent from 1999 page views. The company's traffic increased to more than 900 million page views per day on average during December 2000. Yahoo! Japan and Yahoo! Europe's traffic, which is included in these page view totals, increased to more than 116 million and 45 million page views per day on average in December, respectively. In addition, Yahoo! is ranked No. 1 among the top five Web sites in average combined time spent by home and work users, which was one hour and 37 minutes in November 2000 (Nielsen//NetRatings). |
