58.com (WUBA) Tops Q3 EPS by 22c

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Go back to 58.com (WUBA) Tops Q3 EPS by 22c

58.com Reports Third Quarter 2015 Unaudited Financial Results

November 29, 2015 7:00 PM EST

BEIJING, Nov. 29, 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 third quarter ended September 30, 2015.

Third Quarter 2015 Financial Highlights

Total revenues were US$212.9 million, a 195.9% increase from the same quarter last year; exceeding guidance of US$195.0 to US$200.0 million. Gross margin was 93.2%, compared with 95.3% during the same quarter of 2014. Loss from operations was US$85.3 million, compared with income from operations of US$3.0 million in the... More