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Yahoo Profit Jumps; Shares Slide
The Yahoo company store in Sunnyvale, Calif. Yahoo's fourth-quarter revenue increased almost 40 percent.
(By Paul Sakuma -- Associated Press)
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Both Yahoo and its chief rival, Google, are racing to deliver services and programming such as television shows to computers and cell phones.
This month, for example, Yahoo announced that many of its online services will soon be pre-installed on Nokia cell phones and available to Cingular Wireless customers in the United States. Under the program, called Yahoo Go Mobile, users will be able to access Yahoo's e-mail, photo, calendar, search and other services over their mobile phones.
Yahoo also will experiment with original entertainment programming and content for mobile devices with the hope of introducing the technology to potential programming partners, Semel said.
Traffic across Yahoo's Web properties rose 9 percent in the fourth quarter, to 103.5 million unique Web users, according to Nielsen-NetRatings. The Web traffic research firm said 68 percent of active Web users accessed a Yahoo site.
"One billion people are using the Internet today, and it's only going to get bigger," Semel said. "Yahoo continues to outpace the growth of the worldwide Internet population."
The company has also seen an increase in the number of customers willing to pay fees for Yahoo's services -- 12.6 million in the fourth quarter, up from 8.4 million during the fourth quarter of 2004, Semel said.
Bloomberg News contributed to this report.
