EXHIBIT 11 YAHOO!INC. COMPUTATION OF NET INCOME PER SHARE THREE MONTHS ENDED -------------------------- MARCH 31, MARCH 31, 1997 1996 ------------ ------------ Net Income........................................................ $ 210,000 $ 81,000 ------------ ------------- ------------ ------------- Weighted average number of shares used in computation: Common Stock.................................................... 27,194,000 10,063,000 Preferred Stock................................................. -- 12,838,000 Common stock options and warrants using the modified treasury method.......................................................... 4,463,000 -- Common shares issued in accordance with Staff Accounting Bulletin No. 83 (a)...................................................... -- 4,790,000 ------------ ------------ Total......................................................... 31,657,000 27,691,000 ------------ ------------ ------------ ------------ Net income per common and common equivalent share................. $ 0.01 $ 0.00 ------------ ------------ ------------ ------------ - ------------------------ (a) Pursuant to Securities and Exchange Staff Accounting Bulletin No. 83, common and common equivalent shares, options and warrants issued by the Company during the twelve-month period prior to the Offering have been included as if they were outstanding for all periods presented.