Taomee Holdings Ltd. (TAOM) Reports In-Line Q1 EPS; Issues Light Q2 Outlook

Taomee Holdings Ltd. (NYSE: TAOM) reported Q1 EPS of $0.03, in-line with the analyst estimate of $0.03. Revenue for the quarter came in at $11.7 million versus the consensus estimate of $11.28 million.

Key Operating Metrics

• The number of active accounts ("ACA") for the Company's virtual worlds under operation in mainland China was approximately 45.1 million in the first quarter of 2014, an increase of 16.8% from 38.6 million in the fourth quarter of 2013 and an increase of 2.7% from 43.9 million in the first quarter of 2013.
• Active paying accounts ("APA") for the Company's virtual worlds under operation in mainland China were 1.4 million in the first quarter of 2014, an increase of 7.7% from 1.3 million in the fourth quarter of 2013, but a decrease of 6.7% from 1.5 million in the first quarter of 2013.
• Average revenue per user ("ARPU") for the Company's virtual worlds under operation in mainland China was approximately RMB39 in the first quarter of 2014, an increase of 5.4% from RMB37 in the fourth quarter of 2013 and an increase of 18.2% from RMB33 in the first quarter of 2013.
• The number of downloads of the mobile applications operated by the Company increased by approximately 1.8 million in the first quarter of 2014, flat as compared with the fourth quarter of 2013 and a decrease of 51.4% from 3.7 million in the first quarter of 2013.

Taomee Holdings Ltd. sees Q2 2014 revenue of $10.5-11.0 million, versus the consensus of $14.45 million.

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

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