UPDATE: China Finance Online (JRJC) Reports Q3 Earnings of $0.39/ADS

(Update corrects prior year results, adds comments.)

China Finance Online (NASDAQ: JRJC) reported Q3 earnings of $0.39/ADS, versus ($0.11) reported last year. Revenue for the quarter came in at $37 million, versus $21.1 million reported last year. Each ADS represents five ordinary shares of the Company.

Mr. Zhiwei Zhao, Chairman and CEO of China Finance Online commented, "I am pleased to see our top and bottom lines continue to increase significantly. And we begin to see encouraging progress from our two most exciting growth drivers, iTouGu and Yinglibao. We further streamlined our business and freed up additional resources that will allow us to reinvest in and fully focus on developing both iTouGu and Yinglibao. As a result, iTouGu grew rapidly during the quarter, and as of September 30, 2015 it had over 3.5 million activated users and over 2,000 investment advisors. iTouGu's first nationwide investment masters tournament that we just concluded helped to increase its exposure and appeal to individual investors seeking professional advice and helped to attract a large number of investment advisors from domestic securities firms to our platform. Yinglibao also grew, in line with our expectations. As these businesses mature, we expect to implement monetization initiatives which will help improve our financial prospects."

"We continue to integrate our traditional business lines with our new growth drivers. This includes the redesign and transition of JRJC's core website, www.jrj.com, from a pure news aggregation function towards a more transaction-oriented information platform that will directly support the growth of iTouGu and Yinglibao. We will continue to invest in our newest businesses and transit our traditional ones as we work to create greater value for our customers and shareholders."

For earnings history and earnings-related data on China Finance Online (JRJC) click here.

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