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January 19, 2005

Yahoo! sales & advertising breaking profits records

Yahoo! today announced Q4 profits of over $187m from sales in excess of $1 billion, after sales of stock including shares from Google.

Yahoo! indicated strong advertising revenue as a principle growth area, with TV and media companies especially moving increasing marketing budgets to search and banner advertising.

The news was welcome on the stock market, and Yahoo! shares closed at $37.86 on the day.

Posted by brian_turner at January 19, 2005 06:06 PM

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