Company Info -
|Yahoo! Europe Announces Q3 2000 Revenue and Traffic Figures|
London, October 10th.Yahoo! Europe, which provides commerce, communication and media services through eight local Yahoo! sites, today announced its revenue and traffic figures for the third quarter ended Sept. 30, 2000.
The figures were released with today’s announcement of financial results for Yahoo! Inc. (Nasdaq: YHOO), which reported net revenues totalling $295,548,000 for the third quarter ended Sept. 30, 2000. Yahoo! Inc.’s non-U.S. operations, not including Yahoo! Japan, represented 16 percent of total consolidated revenues during the third quarter.
Yahoo! Europe Q3 Highlights
“Yahoo! Europe experienced solid growth in all financial and operating areas during the third quarter and is well-placed for growth during the final quarter of the year. We enhanced and broadened our commerce platform and also extended our strong position in the European wireless Internet arena to further extend the Yahoo! brand beyond the PC. These initiatives, plus an increase in the breadth of information and services available across our eight local sites, have reinforced our position as the only place that anyone has to go to find anything, connect with anyone or buy anything wherever they happen to be.”
Audience Growth and Usage
1Yahoo! internal research data
Mobile Services & Internet Access
Yahoo! Europe also expanded its range of mobile services available through its local Yahoo! Mobile sites. Key additions include the Yahoo! directory/search function in the UK & Ireland, Germany, Italy, Sweden and Norway; Yahoo! Auctions in UK & Ireland and Germany; Mobile Messenger in Germany, France, Italy and Spain; TV listings in Germany, France, Italy, Denmark, Sweden and Norway; and Lottery in Germany and Italy.
During the quarter, Yahoo! Europe’s first ADSL deal was signed in France. Yahoo! France and Mangoosta, France’s first pure ADSL operator, will offer flat-rate, high-speed Internet access to users in France. Subscribers will benefit from one-stop ADSL access and the rich content of Yahoo!’s products and services.
Enabling Commerce Transactions
Rich Media Services
Communications and Media
Yahoo! Europe continued to expand its community and communications offerings during the quarter by launching Yahoo! Briefcase into France, Italy, Norway and Sweden and Yahoo! Invites, which allows users to send personalised invitations, provide directions, track RSVPs, and keep guests updated, into the UK & Ireland, France, Germany, Spain, Italy, Norway and Sweden. Yahoo! Companion, a customisable Yahoo! toolbar embedded in a user’s browser, was introduced in UK & Ireland, Germany, Italy, France, and Spain.
In Classifieds, Yahoo! Sweden added Jobline, an online recruitment service, which matches up employers and jobseekers, as a Pan-European content provider and also signed a co-branded e-mail agreement with Jobline across Europe.
In Entertainment, Yahoo! Spain launched a new lifestyle property, Yahoo! Corazon (Yahoo! Celebrity), focusing on news and information in the fashion, entertainment and celebrity world. In Sports, Yahoo! Europe introduced dedicated Olympic event coverage on each of its eight local sites. The integrated coverage included sport-by-sport categories, medal updates, and links to related chat, clubs and auction events.
Interactive Marketing Services
Yahoo! Europe provides commerce, communication and media services throughout Europe to meet the needs of local consumers. Yahoo! Europe is comprised of the Yahoo! sites for the UK & Ireland (www.yahoo.co.uk), France (www.yahoo.fr), Germany (www.yahoo.de), Italy (www.yahoo.it), Spain (www.yahoo.es), Sweden (www.yahoo.se), Norway (www.yahoo.no) and Denmark (www.yahoo.dk). The Yahoo! offices in London, Paris, Munich, Milan, Madrid, Stockholm and Copenhagen are staffed by local nationals and Yahoo! Europe is headquartered in central London.
Yahoo! Europe is part of Yahoo! Inc. (Nasdaq: YHOO), a global Internet communications, commerce and media company that offers a comprehensive branded network of services to more than 156 million unique individuals each month worldwide. As the first online navigational guide to the Web, www.yahoo.com is the leading guide in terms of traffic, advertising, household and business user reach, and is one of the most recognized brands associated with the Internet. The company also provides online business services designed to enhance the Web presence of Yahoo!'s clients, including audio and video streaming, store hosting and management, and Web site tools and services. The company?s global Web network includes 23 local World properties outside the United States. Yahoo! has offices in Europe, the Asia Pacific, Latin America, Canada and the United States, and is headquartered in Santa Clara, Calif.
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the company’s ability to grow its user and advertiser bases, its advertising and commerce revenues, and the company’s ability to continue to generate profits and positive cash flow from operations. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the increasingly competitive and constantly changing environment for advertising sales and for Yahoo! branded services; uncertainties associated with the Web as an advertising and commerce medium; the company’s dependence on advertising revenues and on third parties for technology, content, and distribution; and the company’s ability to successfully integrate its acquired companies. Many of the electronic commerce transactions described in this release do not result in revenues to Yahoo!. More information about potential factors that could affect the company’s business and financial results is included in the company’s Annual Report on Form 10-K for the year ended Dec. 31, 1999, the company’s current report on Form 8-K/A filed on Sept. 22, 2000, and Yahoo!’s quarterly report on Form 10-Q for the three-month and six-month periods ended June 30, 2000, including (without limitation) under the captions, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Competition,” “Proprietary Rights,” and “Risk Factors,” which are on file with the Securities and Exchange Commission (http://www.sec.gov). Additional information will also be set forth in those sections in Yahoo!’s quarterly report on Form 10-Q for the three-month and nine-month periods ended Sept. 30, 2000, which will be filed with the Securities and Exchange Commission in the near future. The accompanying condensed consolidated statements of operations and balance sheets are an integral part of this announcement.
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