Internet Information Providers Announces New Features, Technical Updates, and Earnings Results - Analyst Notes on Facebook, Twitter, 58.com, Weibo and Youku
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 26, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Facebook, Inc. (NASDAQ: FB), Twitter, Inc. (NYSE: TWTR), 58.com Inc. (NYSE: WUBA), Weibo Corporation (NASDAQ: WB) and Youku Inc. (NYSE: YOKU). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2967-100free.
Facebook, Inc. Analyst Notes
On May 22, 2014, Facebook, Inc. (Facebook) reported that the default audience for a first time poster in Facebook will be set to Friends. Facebook also stated that first time posters will also see a reminder to choose an audience for their first post, and if they don't make a choice, it will be set to Friends. The Company informed that it intends to roll out a new and expanded privacy check-up tool, for its existing Facebook users, which will take people through a few steps to review things like who they're posting to, which apps they use, and the privacy of key pieces of information on their profile. The full analyst notes on Facebook are available to download free of charge at:
http://www.analystsreview.com/2967-FB-27May2014.pdf
Twitter, Inc. Analyst Notes
On May 22, 2014, Twitter, Inc.'s (Twitter) stock declined 0.72%, ending the day at $31.52. Over the previous three trading sessions, shares of Twitter declined 1.71% compared to the Dow Jones industrial average which rose 0.19% during the same period. The full analyst notes on Twitter are available to download free of charge at:
http://www.analystsreview.com/2967-TWTR-27May2014.pdf
58.com Inc. Analyst Notes
On May 22, 2014, 58.com Inc. (58.com) reported its financial results for Q1 2014. Revenue increased 103.3% YoY to $48.2 million during the quarter. Net income (attributable to ordinary shareholders) was $2.3 million or $0.01 per diluted share, compared to net loss of $7.3 million or $0.17 loss per diluted share in Q1 2013. Mr. Hao Zhou, CFO of 58.com, remarked, "Our financial results continued to improve as we set a new record for quarterly revenues, which exceeded the high end of our earlier guidance for the second consecutive quarter. While total revenues grew 103% compared with same period last year, revenues from our online marketing services continued to grow at a faster pace than our membership revenues resulting in an increase in profitability despite the seasonally heavier spending on branding and marketing efforts during the quarter. We believe this demonstrates the effectiveness of our solid monetization strategy where efficiency increases as our business scales up." The full analyst notes on 58.com are available to download free of charge at:
http://www.analystsreview.com/2967-WUBA-27May2014.pdf
Weibo Corporation Analyst Notes
On May 21, 2014, Weibo Corporation (Weibo) reported its financial results for Q1 2014. Total net revenue increased 160.8% YoY to $67.5 million. Net loss was $47.4 million or $0.31 loss per diluted share, compared to net loss of $19.2 million or $0.13 loss per diluted share in Q1 2013. Commenting on the results, Weibo's CEO Gaofei Wang said, "During the first quarter, we leveraged the chains of media events and fine-tuned our operations and products to improve social information distribution and discovery, resulting in Weibo's MAU growing 11% sequentially and further solidifying Weibo as a leading social media in China. On top of Weibo's traffic acceleration, Weibo's net revenues grew 161% year over year. In May, we rolled out promoted feeds for brand advertisers, further diversifying Weibo's revenue stream." The full analyst notes on Weibo are available to download free of charge at:
http://www.analystsreview.com/2967-WB-27May2014.pdf
Youku Inc. Analyst Notes
On May 22, 2014, Youku Inc. reported its financial results for Q1 2014. Revenue increased 35.7% YoY to RMB700.4 million- with advertising net revenues of RMD623.3 million, meeting the advertising net revenues guidance previously announced by the Company. Net loss was RMB224.7 million or RMB 0.07 per diluted share, compared to net loss of RMB232.5 million or RMB 0.08 loss per diluted share in Q1 2013. The full analyst notes on Youku are available to download free of charge at:
http://www.analystsreview.com/2967-YOKU-27May2014.pdf
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