The revenue figure represented an 89% increase on last year’s figure for the same period.
Tim Koogle, chairman and CEO of Yahoo! said: "Once again, we exceeded expectations for financial performance by posting record revenues, operating profit and cash flow."
The Yahoo! group reported pro forma net income of $81 million and operating profits increased from $20 million to $67 million. Yahoo!'s traffic increased to 780 million page views per day on average during September, compared to an average of 680 million page views per day in June 2000. Yahoo! Europe's traffic reached 41 million page views per day on average in September.
Yahoo!'s non-U.S. operations, excluding Yahoo! Japan, which is not a consolidated subsidiary of Yahoo!, represented 16 percent of total consolidated revenues during the third quarter.
The number of advertisers using Yahoo! fell from 3,675 in the second quarter to 3,450 because, according to the company, of recent difficulties among internet companies. Accordingly, Yahoo! said it did not take advertising from certain financially weak companies.
Yahoo! added that the value of e-commerce transactions enabled on its global network “remained solid” at $1 billion during the third quarter 2000. Analysts are reported as having said that this shows disappointing growth.
Any potential benefit to the company’s share price from the results being above expectations is likely to be mitigated by the evidence of Yahoo!’s slowing growth rate, narrowing margins and uncertainty over its advertising revenue. The earnings per share results were only one-cent above forecast results.