Youku.com (YOKU) PT Trimmed at Nomura; 'Buy' Maintained
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Youku Tudou Announces Fourth Quarter and Fiscal Year 2014 Unaudited Financial Results
March 19, 2015 6:00 PM EDTBEIJING, March 19, 2015 /PRNewswire/ -- Youku Tudou Inc. (NYSE: YOKU), China's leading Internet television company ("Youku Tudou" or the "Company"), today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2014.
Fourth Quarter 2014 Highlights[1]Â
Net revenues were RMB1.26 billion (US$203.8 million), a 40% increase from the corresponding period in 2013. Gross profit was RMB240.0 million (US$38.7 million), as compared to RMB254.3 million (US$41.0 million) from the corresponding period in 2013. Non-GAAP[2] gross profit was RMB253.3 million (US$40.8 million) in... More