Taomee Holdings (TAOM) Tops Q3 EPS by 8c

Taomee Holdings (NYSE: TAOM) reported Q3 EPS of $0.09, $0.08 better than the analyst estimate of $0.01. Revenue for the quarter came in at $12.3 million versus the consensus estimate of $13 million.

Key Operating Metrics

• The number of active accounts ("ACA") for the Company's virtual worlds under operation in mainland China was approximately 59.4 million in the third quarter of 2014, an increase of 41.8% from 41.9 million in the second quarter of 2014 and a decrease of 2.3% from 60.8 million in the third quarter of 2013.
• Active paying accounts ("APA") for the Company's virtual worlds under operation in mainland China were 1.2 million in the third quarter of 2014, an increase of 9.1% from 1.1 million in the second quarter of 2014, and a decrease of 29.4% from 1.7 million in the third quarter of 2013.
• Average revenue per user ("ARPU") for the Company's virtual worlds under operation in mainland China was approximately RMB43 in the third quarter of 2014, an increase of 4.9% from RMB41 in the second quarter of 2014 and an increase of 19.4% from RMB36 in the third quarter of 2013.
• The number of downloads of the mobile applications operated by the Company increased by approximately 4.1 million (including 2.2 million downloads of Reverse World) in the third quarter of 2014, an increase of 156.3% compared with 1.6 million in the second quarter of 2014 and an increase of 10.8% from 3.7 million in the third quarter of 2013.

Taomee Holdings sees Q4 2014 revenue of $6.3 - $6.8 million, versus the consensus of $10.95 million.

For earnings history and earnings-related data on Taomee Holdings (TAOM) click here.

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