Leju Holdings (LEJU) Reports Q4 EPS of $0.03, Revenues Beat; Offers Q1 Revenues Above Consensus

Leju Holdings (NYSE: LEJU) reported Q4 EPS of $0.03, versus ($0.14) reported last year. Revenue for the quarter came in at $124.2 million versus the consensus estimate of $120 million.

• Total revenues increased by 17% year-on-year to $124.2 million. - Revenues from e-commerce services increased by 16% year-on-year to $82.4 million.- Revenues from online advertising services increased by 25% year-on-year to $40.9 million.
• Loss from operations was $0.8 million, a decrease of 97% from $25.4 million for the same quarter of 2017.
• Non-GAAP[1] income from operations was $3.3 million, compared to non-GAAP loss from operations of $21.7 million for the same quarter of 2017.
• Net income attributable to Leju Holdings Limited shareholders was $1.4 million, or $0.01 per diluted American depositary share (\"ADS\"), compared to net loss attributable to Leju Holdings Limited shareholders of $22.3 million, or $0.16 loss per diluted ADS, for the same quarter of 2017.
• Non-GAAP net income attributable to Leju Holdings Limited shareholders was $4.7 million, or $0.03 per diluted ADS, compared to non-GAAP net loss attributable to Leju Holdings Limited shareholders of $19.2 million, or $0.14 loss per diluted ADS, for the same quarter of 2017.

"Leju returned to profitability (Non-GAAP) during 2018 as a result of our ongoing innovation and organizational optimization, despite the lack of significant improvement in the overall market environment," said Mr. Geoffrey He, Leju's Chief Executive Officer. "We successfully implemented our \'New Media, New Ecosystem, and New E-commerce\ business strategy formulated at the beginning of 2018. Leju Finance enhanced its media influence through improved content productivity and leveraged its revamped operating model across our new media platform, which integrates content and distributes edited news across multiple channels. We delivered healthy growth in our online advertising segment, which relies on our Cloud-Eye big data capability, Admall open system and mini-app open platform. In addition, our e-commerce services saw a substantial recovery and further increased market share as a result of product innovation and business expansion in lower tier cities, coupled with our top-down strategy, which enables us to grow our project pipeline by entering into framework contracts with property developers."

"Since the end of 2018, we have seen increasing demand for marketing services from developers as a result of changes in real estate market conditions," continued Mr. He. \"Looking to the year ahead, we will aim to capture opportunities to further solidify our leading market position in media, advertising and e-commerce services. In addition, we have completed our corporate restructuring, which has helped to improve operational efficiency and lay a solid foundation for our future growth."

GUIDANCE:

Leju Holdings sees Q1 2019 revenue of $90-94 million, versus the consensus of $73.39 million.

For earnings history and earnings-related data on Leju Holdings (LEJU) click here.

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