Yahoo Profits Double; Beats Estimates

Hot off the wire are Yahoo's Q1 2005 numbers.

+ Q1 Net Income--$204.6 million, or 14 cents a share vs. net income of $101.2 million, or 7 cents a share, in Q1 2004.

+ Revenue climbed 55% to $1.17 billion from $757.8 million in the year earlier period. Yahoo had estimated first-quarter revenue, excluding traffic costs, of $765 million to $805 million. Analysts were estimating 11 cents a share on $796.8 million in revenue.

+ Excluding traffic acquisition costs, or fees paid to partner sites to generate traffic, Yahoo's revenue was $821 million, up 49% from $550 million last year, beating the company's own forecast. Yahoo had estimated first-quarter revenue, excluding traffic costs, of $765 million to $805 million. (via the WSJ)

+ United States revenues for the first quarter of 2005 were $819 million, a 37 percent increase from the $599 million reported for the same period of 2004.

+ International revenues for the first quarter of 2005 were $355 million, a 124 percent increase from the $159 million reported for the same period of 2004.

All of the numbers in this news release.

Postscript: Yahoo Japan has also just reported record earnings for Q1.