Yahoo! revenue surges in third quarter

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Oct. 19 Sunnyvale, Calif.—Bolstered by a strong online ad market, Yahoo! posted solid third-quarter revenue and profits.

The company announced after the markets closed Tuesday that revenue for the quarter totaled $1.33 billion, up 47% from $906.7 million in the year-earlier period.

Net income was $254 million, compared with $253 million in last year’s third quarter.

Yahoo! also reported that it closed the third quarter with 191 million active registered users, a 22% hike from the 157 million users a year earlier.

—Matthew Schwartz

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