58.com (WUBA) Posts Q1 adj.-Loss of 54c/ADS

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Go back to 58.com (WUBA) Posts Q1 adj.-Loss of 54c/ADS

58.com Reports First Quarter 2015 Unaudited Financial Results

May 25, 2015 8:00 PM EDT

BEIJING, May 25, 2015 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online marketplace serving local merchants and consumers, today reported its unaudited financial results for the first quarter ended March 31, 2015.

First Quarter 2015 Financial Highlights

Total revenues were US$87.1 million, an 80.5% increase from the same period last year; exceeding guidance of US$82.0 to US$84.0 million. Gross margin was 93.1%, compared with 94.9% during the same quarter of 2014. Net loss attributable to 58.com Inc. was US$52.4 million, compared with net... More