After barely moving yesterday in response to nearly in-line Q1 results and strong Q2 revenue...

After barely moving yesterday in response to nearly in-line Q1 results and strong Q2 revenue guidance, Youku (YOKU -9.6%) is falling hard today. The decline comes even though Youku has received two upgrades since the report (from HSBC and Maxim), as well as a bullish coverage launch from BofA. Concerns about mobile monetization could be a factor. On its earnings call, Youku stated mobile daily video views rose 50%+ Q/Q and are now above 170M, that mobile monthly users have topped 100M (PC users are around 400M), and that mobile now makes up ~30% of traffic. However, the company added "mobile monetization this year is relatively modest."
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  • 166649
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    17-May-13 11:41 ET




    Youku Tudou upgrade details- HSBC Securities (19.07 -2.01)


    As mentioned previously, HSBC upgraded Yoku to OW and raised their price tgt to $30 from $21. They note that their upgrade and price target increase is based on higher earnings estimates. 1Q results met expectations but 2Q guidance reflects revenue synergies, share gains, and broadening advertiser base.


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    17 May 2013, 12:56 PM Reply Like
  • 166649
    , contributor
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    YOKU Youku Tudou initiated with a Buy at BofA/Merrill
    Target $27. :theflyonthewall


    YOKU Youku Tudou price target raised to $25 from $21 at Macquarie
    Macquarie said YouKu provided strong guidance and believes it will continue to evolve its business model content, expand mobile monetization, and launch more paid services. Shares are Outperform rated
    17 May 2013, 12:59 PM Reply Like
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