A robust online advertising market helped Yahoo! earn strong profits and stronger revenues in the third quarter of this year, the company reported Tuesday after markets closed. Net income for the
quarter was $254 million, compared to $253 million in the third quarter of last year. Revenue for the quarter was $1.33 billion--a 47 percent increase over the $906.7 million it reported in the third
quarter of last year. Net revenue, excluding traffic acquisition costs--revenue that Yahoo! shares with affiliates like MSN, which uses Yahoo!'s SEM technology--increased 42 percent to $932 million.
--Gavin O'Malley
