Search Engine Financial News

Paid Listings Search Engines Top Estimates
InternetNews.com, Feb. 13, 2002
http://www.internetnews.com/IAR/article/0,,12_974551,00.html

Overture posts fourth-quarter revenue of $101.2 million, up 40 percent from the previous quarter, and net earnings of $20.8 million, up from $9 million in the previous quarter. FindWhat.com posted a fourth-quarter profit of $1.6 million, up from $650,000, in the previous quarter. Also touches on good news from LookSmart, DoubleClick and Yahoo.

Life After Free: Search Engines Seek Cold, Hard Cash
Ecommerce Times, Feb. 11, 2002
http://story.news.yahoo.com/news?tmpl=story&u=/nf/20020211/tc_nf/16263

Looks at ways search engines are seeking to earn money.

Ask Jeeves Shares Fall 46 Percent
AP, Feb. 8, 2002
http://www.nytimes.com/aponline/technology/AP-Earns-Ask-Jeeves.html

Ask Jeeves had a pro forma loss of $3.5 million last quarter and warned that it expects a pro forma net loss of about $10 million for its current quarter.

LookSmart Trims Losses
DMNews.com, Feb. 1, 2002
http://www.dmnews.com/cgi-bin/artprevbot.cgi?article_id=18812

LookSmart reports a net loss of just over $11 million for its last quarter, compared to a net loss of $23 million for the same period a year before. But paid clicks are up 23 percent from the previous quarter, and the company said the last quarter was profitable on an EBITDA and cash operating basis.

LookSmart narrows losses
AAP, Jan. 31, 2002
http://afr.com/it/2002/01/31/FFX6W7EF3XC.html

Another story on LookSmart's earnings.

Talking Search Technology: Eric Schmidt
Boston Globe, Feb. 4, 2002
http://www.boston.com/dailyglobe2/035/business/Eric_Schmidt+.shtml

Q&A with Google's chairman and CEO, about how the company is positioning itself with search products.

Google Hires a Grown-Up
Business 2.0, Feb. 2002
http://www.business2.com/articles/mag/0,1640,36736,FF.html

Google hires a new general manager of business units, who's tasked with building revenues and diversifying the company's products.

Yahoo gains after earnings, exec's resignation
News.com, Jan. 17, 2002
http://news.com.com/2100-1023-816648.html

Yahoo's still losing money but less than was expected. The company had a net loss in the fourth quarter of $8.7 million, compared to $97.8 million, for the same period a year ago. President and chief operating officer Jeff Mallett is also resigning.

Mr. Semel's Internet Search
New York Times, Jan. 7, 2002
http://www.nytimes.com/2002/01/07/technology/ebusiness/07YAHO.html

Reviews changes to Yahoo since Terry Semel took over as CEO and pegs him as a driving force behind the company finally pushing to make more money out of its listings. But it's completely wrong to say that "Yahoo is the last major search engine to devise a way to charge companies to be listed in search results." If anything, it was the first, debuting an express submission option back in early 1999, long before others had similar programs. Zero in on the pie chart breaking down Yahoo's revenue. Paid search results and classified ads make up a significant 22 percent slice. Expect that to grow, now that paid placement listings are being carried and the annual listing fee is being charged.

Inktomi Posts Marginal Gains
ASP News, Jan. 16, 2002
http://www.internetnews.com/asp-news/article/0,,3411_956761,00.html

Inktomi books a net loss of $7.7 million, last quarter.