iDreamSky Reports First Quarter 2015 Unaudited Financial Results

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iDreamSky (DSKY) PT Lifted at Rosenblatt on Strong Q1

June 2, 2015 9:49 AM EDT

Rosenblatt analyst Jun Zhang reiterated a Buy rating and boosted his price target on iDreamSky (NASDAQ: DSKY) to $12.00 (from $11.00) on strong Q1 results and solid gaming pipeline.

Zhang highlighted:

iDreamsky (DSKY: Buy) reported 1Q15 results, which beat street revenue and EPS... More

iDreamSky (DSKY) Tops Q1 EPS by 2c

June 1, 2015 7:53 AM EDT

iDreamSky (NASDAQ: DSKY) reported Q1 EPS of $0.20, $0.02 better than the analyst estimate of $0.18. Revenue for the quarter came in at $60 million versus the consensus estimate of $54.48 million.

Average revenue per paying user ("ARPPU") was RMB15.9 (US$2.6), up 40.7% from... More