Financial Results, Strategic Partnerships and New Board Appointments - Research Report on TripAdvisor, Akamai, Yandex, Groupon and YY
NEW YORK, October 29, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting TripAdvisor Inc. (NASDAQ: TRIP), Akamai Technologies, Inc. (NASDAQ: AKAM), Yandex N.V. (NASDAQ: YNDX), Groupon, Inc. (NASDAQ: GRPN) and YY Inc. (NASDAQ: YY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
TripAdvisor Inc. Research Report
On October 23, 2013, TripAdvisor Inc. (TripAdvisor) reported its Q3 2013 financial results. Total Revenue increased 19.9% YoY to $255.1 million. Average monthly unique visitors to TripAdvisor sites stood at a record of 260 million in the quarter, up by nearly 60% YoY. Net income was $55.9 million or $0.38 per diluted share, compared to net income of $59.4 million or $0.41 per diluted share in Q3 2012. President and CEO Steve Kaufer said, "We continued to strengthen our leadership position in the travel planning funnel during the third quarter. Total traffic to TripAdvisor, member count and our valuable user-generated content continue to grow rapidly off a large, global base, driving powerful network effects and making the site better for every user. We continue improving the experience on TripAdvisor for users and partners alike through Hotel Price Comparison, mobile product enhancements and the recent launch of our new TripConnect platform - all of which will help us match more travelers with great businesses." The Full Research Report on TripAdvisor Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/19a5_TRIP]
Akamai Technologies, Inc. Research Report
On October 23, 2013, Akamai Technologies, Inc. (Akamai) reported its Q3 2013 financial results. Revenue increased 14.6% YoY to $395.8 million. Net income was $79.8 million or $0.44 per diluted share, compared to $48.2 million or $0.27 per diluted share in Q3 2012. The Company informed that Q3 2013 net income includes depreciation benefit of $8 million and a tax benefit of $17 million. CEO Tom Leighton said, "Akamai's strong third quarter and year-to-date financial performance highlights our ability to deliver innovative solutions to leading enterprises globally. We intend to continue to invest in the business, while also effectively managing the cost and efficiency of our network, to help our customers capitalize on the opportunities enabled by the hyperconnected world." The Full Research Report on Akamai Technologies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b3ab_AKAM]
Yandex N.V. Research Report
On October 24, 2013, Yandex N.V. (Yandex) reported its Q3 2013 financial results. Revenue increased 40.5% YoY to RUR (Russian Rubble) 10.2 billion. Net income was RUR 5 billion or RUR14.88 per diluted share, compared to RUR2.3 billion or RUR6.82 per diluted share in Q3 2012. CEO Arkady Volozh said, "Yandex delivered strong results in the third quarter of 2013, with text-based advertising revenues growing 43% year-over-year. Our partnership with Mail.ru on the paid search side is off to a very strong start, helping lift the revenue growth rate in our ad network to 82% year-over-year. A few weeks ago, we unveiled a new Cost Per Action model for merchants on Yandex.Market, which will allow consumers to complete their purchases on our site. And I am very pleased that our users can now search with Yandex directly in Safari, both on mobile and on the desktop." The Full Research Report on Yandex N.V. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ba6c_YNDX]
Groupon, Inc. Research Report
On October 23, 2013, Groupon, Inc. (Groupon) announced that Jeffrey Housenbold, President and CEO of Shutterfly, has been appointed to the Company's Board of Directors. Groupon informed that Housenbold joins Ted Leonsis, Eric Lefkofsky, Peter Barris, Robert Bass, Daniel Henry, Mellody Hobson and Brad Keywell on Groupon's Board of Directors. According to the Company, Mr. Housenbold has served as President, CEO and a Director of Shutterfly, Inc. since January 2005 and prior to joining Shutterfly, he worked at eBay, serving in a variety of senior roles.The Full Research Report on Groupon, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/40fe_GRPN]
YY Inc. Research Report
On October 24, 2013, YY Inc. (YY.com) announced that it has entered into a strategic partnership with Asiasoft Corporation Public Company Limited (Asiasoft) and S2 Games, to create a globally seamless and interactive playing experience. Under the partnership, YY has licensed S2 Games' Strife, and will jointly operate the title with Asiasoft, the leading provider of online gaming services in Southeast Asia. CEO David Xueling Li said, "We're very excited to partner with Asiasoft and S2 Games, marking our expansion outside of China and into the international gaming arena. By leveraging our partners' established expertise and proven track record in game operation and development, we are not only adding a highly anticipated S2 Games' title to our gaming portfolio, but we are also gaining immediate access to Asiasoft's 60 million registered users. We believe such partnerships will further enable YY to leverage its unique and powerful communications technologies and expand its user base and brand further outside of China." The Full Research Report on YY Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e072_YY]
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