Youku.com Extends Net Loss In Chinese Internet Video Sector

May 6, 2011 | Print | Comments | Category: Business, Internet









Chinese online video website Youku.com Inc. today announced its unaudited financial results for the first quarter ended March 31, 2011, and provided investors with an 8% net loss.

While the company stated its revenues were CNY128.0 million — a 163% increase from the corresponding period in 2010 — its net loss was CNY46.9 million, an 8% decrease relative to the corresponding period in 2010. Operating loss was CNY45.8 million in the first quarter of 2011, representing a 7% decrease relative to the corresponding period in 2010.

Youku.com's gross profit was CNY14.0 million, compared to a gross loss of CNY18.3 million for the corresponding period in 2010.

Bandwidth costs as a component of cost of revenues were CNY56.3 million in the first quarter of 2011, representing 44% of net revenues, down from 90% in the corresponding period in 2010. Content costs as a component of cost of revenues were CNY36.1 million, representing 28% of net revenues, compared to 17% in the corresponding period in 2010.

For the second quarter of 2011, Youku.com expects year-on-year growth in net revenues of 125% to 135%.


Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

Loading ... Loading ...



Leave A Comment:



Inside ChinaTechNews.com