Form 6-K 500.com Ltd For: May 19

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Go back to Form 6-K 500.com Ltd For: May 19

500.com Ltd. (WBAI) Misses Q1 EPS Views; CEO Man San Law Resigns

May 19, 2015 6:11 AM EDT

500.com Ltd. (NYSE: WBAI) reported Q1 EPS of ($0.06), $0.31 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $15.9 million versus the consensus estimate of $22.75 million.

Active Users

Active users decreased by 12.9% from approximately 984,000 in the fourth quarter of 2014 to approximately 857,000 during the first quarter of 2015, primarily due to the adverse impact caused by the temporary suspension.

New Active Users

The Company had a total of 485,000 new active users during the quarter, a decrease of 42.5% from 844,000 new active users during the fourth quarter of 2014,... More