Fourth-quarter results from portal giant Yahoo! show a 51% surge in revenues to $285.5 million (€270m; £178m) and a return to the black after a sharp surge in income from paid-for services.
Yahoo! has been desperately trying to end its dependence on the ailing online ad sector and has introduced features such as dating services and extra email storage for which users pay.
This, plus the acquisition of classified advertising site HotJobs, pushed Yahoo!’s fees and listings revenues up 120% to $89.4m, around 31% of the total.
In terms of net income, the internet firm swung from an $8.7m loss in Q4 2001 to a better-than-expected profit of $46m, while EBITDA (earnings before interest, tax, depreciation and amortization) jumped from $11.7m to $85.3m.
Data sourced from: Financial Times; additional content by WARC staff