EXHIBIT 11
YAHOO! INC.
Computation of Net Income (Loss) per Share
Three Months Ended Nine Months Ended
--------------------------------- --------------------------------
September 30, September 30, September 30, September 30,
1997 1996 1997 1996
--------------- ---------------- --------------- ---------------
Net income (loss) $1,637,000 ($1,145,000) ($18,697,000) ($2,430,000)
--------------- ---------------- --------------- ---------------
--------------- ---------------- --------------- ---------------
Weighted average number of Common 42,749,000 39,756,000 41,742,000 36,140,000(a)
shares used in computation:
Common stock options and warrants
using the modified treasury method 7,347,000 - - -
--------------- ---------------- --------------- ---------------
Total 50,096,000 39,756,000 41,742,000 36,140,000
--------------- ---------------- --------------- ---------------
--------------- ---------------- --------------- ---------------
Net income (loss) per common and
common equivalent share $0.03 ($0.03) ($0.45) ($0.07)
--------------- ---------------- --------------- ---------------
--------------- ---------------- --------------- ---------------
(a) Common equivalent shares are excluded from the computation as their
effect is antidilutive, except that for the nine month period ended
September 30, 1996, pursuant to the Securities and Exchange Commission
Staff Accounting Bulletin, the convertible preferred stock (using the
if-converted method) and common equivalent shares (using the treasury
stock method and the public offering price) issued subsequent to March 5,
1995 through April 11, 1996 have been included in the computation as if
they were outstanding for the entire period.