ChinaNet Online Holdings Reports First Quarter 2015 Financial Results

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Go back to ChinaNet Online Holdings Reports First Quarter 2015 Financial Results

ChinaNet (CNET) Reports Q1 Loss of $0.05/Share

May 18, 2015 7:33 AM EDT

ChinaNet (NASDAQ: CNET) reported Q1 EPS of ($0.05), versus $0.00 reported last year. Revenue for the quarter came in at $5.8 million, versus $5.2 million reported last year.

First Quarter 2015 Financial Results

Revenues for the three months ended March 31, 2015 were $5.8 million compared to $5.2 million for the three months ended March 31, 2014, representing a 12.8% increase, primarily due to the increase in revenues from the search engine marketing service. Internet advertising and related services, TV advertising, and brand management and sales channel building revenues were $5.6 million, $0.1 million, and $0.1 million in the first quarter of 2015, respectively.

First Quarter 2015 Revenue Breakdown by... More