Yahoo - $1,768 Million in Revenues!

We all know Yahoo is one of the most powerful companies in both virtual and real world with an impressive financial power. Today, the giant portal wanted to confirm this statement and rolled out the third quarter 2007 financial results which reveal revenues of no less than $1,768 million! Although I'm not a bookkeeper I can easily tell you these are some impressive results which underline the fact that Yahoo is one of the web giants. The operated income revealed by Yahoo was $150 million while the estimated operating income before depreciation, amortization and stock-based compensation expense was $466 million.

"Over the past three months, we conducted a thorough review of our business and the marketplace. We've made key strategic decisions to invest in and grow our large communities of users, advertisers, and publishers. We've also made progress in sharpening our focus and improving our execution," said Jerry Yang, co-founder and chief executive officer, Yahoo! Inc.

"Moving forward, we are focused on three big, multi-year objectives: to become the starting point for the most consumers on the Internet; to be the 'must buy' for the most advertisers; and to deliver open, industry-leading platforms that attract the most developers. We are executing against our transformation and are excited about playing a leadership role in the large and growing Internet market."

Now, we're all expecting Google's financial results to compare them with Yahoo's but I must warn you that the Mountain View company might reveal some shocking numbers as its shares reached new milestones several times this year.

According to the document rolled out by Yahoo, the "fees revenues were $224 million for the third quarter of 2007, a 7 percent increase compared to $210 million for the same period of 2006" while the "free cash flow for the third quarter of 2007 was $310 million, an 8 percent increase compared to $288 million for the same period of 2006."

If you want to read all the financial results published by Yahoo, click on this link to visit the official press release.