EXHIBIT 11 YAHOO! INC. COMPUTATION OF NET LOSS PER SHARE THREE MONTHS ENDED SIX MONTHS ENDED -------------------------- ------------------------ JUNE 30, JUNE 30, JUNE 30, JUNE 30, 1996 1995 (a) 1996 1995 (a) ----------- ----------- ----------- ----------- NET LOSS ($1,366,000) ($355,000) ($1,285,000) ($355,000) WEIGHTED AVERAGE NUMBER OF SHARES USED IN COMPUTATION: COMMON STOCK 26,456,000 10,013,000 22,887,000 10,013,000 PREFERRED STOCK 7,738,000 7,738,000 NUMBER OF COMMON SHARES ISSUED IN ACCORDANCE WITH STAFF ACCOUNTING BULLETIN NO. 83 4,790,000 4,790,000 ----------- ----------- ----------- ----------- TOTAL 26,456,000 22,541,000 22,887,000 22,541,000 NET LOSS PER COMMON AND COMMON EQUIVALENT ----------- ----------- ----------- ----------- SHARE ($0.05) ($0.02) ($0.06) ($0.02) ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- (a) INCLUDES THE COMPANY'S RESULTS FROM MARCH 5, 1995 (INCEPTION) THROUGH JUNE 30, 1995. 16