YOKU: Youku slides following nearly in-line revenue, ho-hum guidance

Youku slides following nearly in-line revenue, ho-hum guidance • 6:28 PM

• Youku (YOKU) posted Q2 revenue of $122.8M (+30% Y/Y), almost in-line with a $122.7M consensus.
• The Chinese online video leader expects Q3 revenue of $135.6M-$142.2M vs. a $139.5M consensus.
• Q2 ad sales amounted to $118.4M, or 96% of revenue.
• Content costs surged 46% Y/Y to $49.4M (outpacing rev. growth) and made up 40% of revenue. Opex only rose 2% Y/Y to $42.5M (a major reason for the EPS beat), as Youku reaps synergies from the Tudou merger. R&D spend +14% Y/Y and sales/marketing +12%, but G&A -22%.
• Youku once more trumpets its strong mobile growth (previous): daily mobile video views have more than doubled in the last 6 months.
• YOKU -5.5% AH. CC at 8PM ET. Q2 results, PR

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YOKU price at time of publication: $25.39. Check YOKU price now »

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• Youku: Surfing High Returns In China by Fusion Research
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Press Releases on YOKU

• Youku Tudou Announces Second Quarter 2013 Unaudited Financial Results (PR Newswire)
• Youku Tudou to Release Second Quarter 2013 Unaudited Financial Results on August 8, 2013 (PR Newswire)
• Youku Widening its Lead in Mobile Video Traffic (PR Newswire)

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StockTalk on YOKU: YOKU StockTalk | Twitter YOKU | Twitter $YOKU | YOKU Instablogs

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Transcripts on YOKU

• Youku Tudou Management Discusses Q1 2013 Results - Earnings Call Transcript
• Youku Tudou Management Discusses Q4 2012 Results - Earnings Call Transcript
• Youku Tudou's CEO Discusses Q3 2012 Results - Earnings Call Transcript

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