Yahoo to double revenue by 2010?

Posted on Tuesday, March 18 2008 @ 14:59 CET by Thomas De Maesschalck
Yahho announced it expects to double its revenue over the next tree years and generate $8.8 billion of revenue after costs in 2010. It's not clear whatstrategy Yahoo will follow to double its revenue.
Yahoo says its three-year financial plan support the board's determination that Microsoft's Jan. 31 takeover bid undervalues the company.

Sunnyvale, Calif.-based Yahoo Inc. continues to expect first-quarter revenue between $1.28 billion and $1.38 billion and full-year revenue of $5.35 billion to $5.95 billion.

Analysts surveyed by Thomson Financial expect revenue of $1.32 billion in the first quarter and $5.65 billion for the year.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



Loading Comments