Brean Capital Downgrades eLong (LONG) to Hold

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Go back to Brean Capital Downgrades eLong (LONG) to Hold

eLong Reports Third Quarter 2015 Unaudited Financial Results

November 18, 2015 5:00 PM EST

BEIJING, Nov. 18, 2015 /PRNewswire/ -- eLong, Inc. (Nasdaq: LONG), a leading mobile and online travel service provider in China, today reported unaudited financial results for the third quarter ended September 30, 2015.

Highlights

Accommodation reservation1 room nights stayed in the third quarter increased 19% to 11.2 million room nights compared to 9.4 million in the prior year period. Gross revenue earned from accommodation reservation (Non-GAAP)2 reached RMB404 million, increasing 20% in the third quarter of 2015 compared to the same period in 2014. Accommodation reservation revenue... More