Youku Tudou Q1 Loss Narrows - Quick Facts

(RTTNews) - Youku Tudou Inc. (YOKU) Thursday said first-quarter loss narrowed to RMB 224.7 million, or $36.1 million, from RMB 232.5 million in the same period last year.

On a per-share basis, loss narrowed to RMB 0.07, or $0.01 per share from RMB 0.08 last year. Net loss per ADS for the quarter was RMB 1.34, narrower than RMB 1.42 last year.

Adjusted loss for the quarter was RMB 148.3 million, or $23.8 million. On average, ten analysts polled by Thomson Reuters expected the company to report a loss of $1.42 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled RMB 700.37 million, or $112.67 million, up from RMB 516.00 million last year. Analysts expected revenues of RMB 712.74 million.

Looking ahead to the second quarter, the company has forecast revenues in the range of RMB 940 million to RMB 1 billion. Analysts currently expect fourth-quarter revenues of RMB 1.02 billion.