tailieunhanh - FOR IMMEDIATE RELEASE - Yahoo! Reports First Quarter 2004 Financial Results

This press release and its attachments contain forward-looking statements that involve risks and uncertainties concerning Yahoo!'s expected financial performance (as described without limitation in the Business Outlook section and quotations from management in this press release), as well as Yahoo!'s strategic and operational plans. 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, decreases or delays in marketing services spending, including performance of the Company’s recently acquired businesses; the actual increases in demand by customers for Yahoo!'s premium services;. | FOR IMMEDIATE RELEASE Yahoo Reports First Quarter 2004 Financial Results Company Posts Revenues of 758 Million Operating Income of 132 Million Operating Income Before Depreciation and Amortization of 211 Million SUNNYVALE Calif. - April 7 2004 - Yahoo Inc. Nasdaq YHOO today reported results for the first quarter ended March 31 2004. Yahoo s performance surpassed even our high expectations delivering the most successful quarter in the Company s history said Terry Semel chairman and chief executive officer Yahoo . With our products more popular than ever before we have experienced success across our entire business including strong growth in our fee-based and marketing services. Revenues were 758 million in the first quarter of 2004 compared to 283 million in the same period of 2003. Revenues excluding traffic acquisition costs TAC were 550 million in the first quarter of 2004 compared to 283 million for the same period of 2003. Gross profit for the first quarter of 2004 was 476 million compared to 240 million for the same period of 2003. Operating income for the first quarter of 2004 was 132 million compared to 55 million for the same period of 2003. Operating income before depreciation and amortization for the first quarter of 2004 was 211 million compared to 85 million for the same period of 2003. Cash flow from operating activities for the first quarter of 2004 was 236 million compared to 99 million for the same period of 2003. Free cash flow for the first quarter of 2004 was 197 million compared to 78 million for the same period of 2003. Yahoo is off to a great start in 2004. Our growth is a result of very impressive performance from our ongoing operations leveraged further by recent acquisitions said Susan Decker chief financial officer Yahoo . Looking forward we are focused on making the appropriate investments and capital allocation decisions to help ensure sustainable long-term growth. Due to our increased optimism about our business we have raised our .

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