Web Info Providers Launch Innovative Solutions, Report Solid Results, and Announce Strategies - Research Report on Facebook, Youku Tudou, Web.com, Akamai, and Bitauto
NEW YORK, August 14, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Facebook, Inc. (NASDAQ: FB), Youku Tudou Inc. (NYSE: YOKU), Web.com Group, Inc. (NASDAQ: WWWW), Akamai Technologies, Inc. (NASDAQ: AKAM), and Bitauto Holdings Limited (NYSE: BITA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Facebook, Inc. Research Report
On August 7, 2013, Facebook, Inc. (Facebook) announced that Graph Search with US English setting has been successfully launched for Facebook users. Facebook added that Graph Search enables users to easily make new connections and find results using simple phrases about their interests. The Company also reported that it will be shutting its 'who can look up my timeline by name' setting in the coming months. The Full Research Report on Facebook, 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/f38c_FB]
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Youku Tudou Inc. Research Report
On August 8, 2013, Youku Tudou Inc. (Youku Tudou) released its unaudited Q2 2013 financial results. Net revenues were up 30.3% YoY to RMB 753.5 million during the quarter. Net loss stood at RMB 105.1 million in Q2 2013, compared to a net loss of RMB 176.3 million in Q2 2012. Victor Koo, Chairman and CEO of Youku Tudou stated, "Multi-screen video consumption is a game changer for Internet television as it offers video anytime, anywhere on any device. We are leveraging our top-of-mind video brand awareness, comprehensive content library and cross-screen product functionalities to extend our leading presence across different screens. With users watching Internet videos on multiple screens becoming the standard in China, Youku Tudou is at the center of exciting growth opportunities for the long term." The Full Research Report on Youku Tudou 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/edab_YOKU]
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Web.com Group, Inc. Research Report
On August 9, 2013, Web.com Group, Inc. (Web.com) announced the pricing of $225 million aggregate principal amount of 1.00% senior convertible notes due on 2018. The Company also announced that it has granted underwriters a 30-day option to purchase up to an additional $33.75 million aggregate principal amount of notes on the same terms and conditions to cover over-allotments. The Company stated that it plans to use the net proceeds from the offering to improve its balance sheet through debt reduction. The Company expects net proceeds from the offering to be approximately $218.5 million (or $251.4 million if the underwriters fully exercise their over-allotment option) after deducting the underwriters' discounts and commissions and estimated offering expenses payable by Web.com. The Full Research Report on Web.com Group, 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/829f_WWWW]
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Akamai Technologies, Inc. Research Report
On August 6, 2013, Akamai Technologies, Inc. (Akamai) announced that NDN, a digital media exchange, is adopting Akamai Sola Media Solutions and professional services to power the workflow behind its overall offering of premium content, video and ad serving, analytics and monetization services for online news publishers. Michael Fay, Vice President of Media Product Management at Akamai, commented, "We believe that NDN is tapping into the business and technology potential of online video by taking advantage of Akamai's Sola Media Solutions, professional services and the global scale of our Intelligent Platform." Fay added, "The company's innovative business model is addressing a market need with a solution that combines high-quality video delivery across platforms and connected devices, the skyrocketing demand for compelling content, and an ability to effectively monetize that content through advertising and deep analytics." 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]
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Bitauto Holdings Limited Research Report
On August 8, 2013, Bitauto Holdings Limited (Bitauto) released its unaudited Q2 2013 financial results. Revenue was up 36.5% YoY to RMB 338.0 million ($55.1 million) during the quarter, while operating profit increased 64.3% YoY to RMB 50.8 million ($8.3 million). Profit before tax was up 108.1% YoY to RMB 58.0 million. Profit for the period was up 113.2% YoY to RMB 55.8 million ($9.1 million). William Li, CEO of Bitauto, said, "I am pleased to announce a healthy year-over-year revenue growth of 36.5% in the second quarter with both revenue and non-GAAP diluted profit per ADS exceeding our company guidance." Li continued, "We continue to execute on our core growth strategies. We remain focused on increasing subscriber utilization of the EP platform's extensive functionalities and further enhancing our service and product offerings, extending and deepening recognition of the Bitauto brands and investing in our used car business." The Full Research Report on Bitauto Holdings Limited - 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/1855_BITA]
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