There was much celebration at the All Hands this evening. Q1 profits doubled. I’m not a financial analyst, so I’ll let you read the earnings and analysis on other sites – e.g.:

http://biz.yahoo.com/ap/050419/earns_yahoo.html?.v=12

Also of note is that it is now public knowledge that Yahoo! plans to enter the online music space:

In a bid for even more traffic, Yahoo plans to introduce a new digital music store later this year. In an interview Tuesday, Semel declined to provide details, but indicated it would include features that will compete with Apple Computer Inc.’s popular store, which allows consumers to download individual songs for 99 cents apiece.

I can’t say much about it, but I’ve seen the internal beta and it is impressive.