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YAHOO! REPORTS FOURTH QUARTER 2009 RESULTS

Saturday, January 30, 2010

Company Exceeds Revenue Business Outlook,Demonstrates Ongoing Improvements in Search and Display Advertising.

SUNNYVALE, Calif. – Yahoo! Inc. (NASDAQ: YHOO) reported results for the fourth quarter and full year ended December 31, 2009. Revenues were $1,732 million for the fourth qurter of 2009, which exceeded the top end of the Company’s business outlook range. Revenues decreased 4 percent from the fourth quarter of 2008 and increased 10 percent from the third quarter of 2009. Excluding the impact of currency rate fluctuations and divested business lines, revenues for the fourth quarter of 2009 would have declined 5 percent compared to the fourth quarter of 2008. Revenues were $6,460 million for 2009, a decrease of 10 percent compared to 2008. Excluding the impact of currency rate fluctuations and divested business lines, revenues for 2009 would have declined 6 percent compared to 2008.

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