Taomee Holdings (TAOM) Tops Q2 EPS by 5c

Taomee Holdings (NYSE: TAOM) reported Q2 EPS of ($0.04), $0.05 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $8.7 million versus the consensus estimate of $8.5 million.

Key Operating Metrics

- The number of active accounts ("ACA") for the Company's virtual worlds under operation in mainland China was approximately 34.3 million in the second quarter of 2015, a decrease of 12.9% from 39.4 million in the first quarter of 2015 and a decrease of 18.1% from 41.9 million in the second quarter of 2014.

- Active paying accounts ("APA") for the Company's virtual worlds under operation in mainland China were 0.5 million in the second quarter of 2015, a decrease of 37.5% from 0.8 million in the first quarter of 2015, and a decrease of 54.5% from 1.1 million in the second quarter of 2014.

- Average revenue per user ("ARPU") for the Company's virtual worlds under operation in mainland China was approximately RMB84 in the second quarter of 2015, an increase of 78.7% as compared with RMB47 in the first quarter of 2015 and an increase of 104.9% from RMB41 in the second quarter of 2014. The increase in ARPU was due to the decrease in APA during the quarter.

- The number of downloads of the mobile applications operated by the Company was approximately 1.2 million in the second quarter of 2015, a decrease of 45.5% from 2.2 million in the first quarter of 2015 and a decrease of 25.0% from 1.6 million in the second quarter of 2014. The decrease in the number of mobile downloads was due to the absence of new mobile games released during the quarter.

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

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