- Though Q1 revenue was roughly in-line, SouFun (SFUN) is guiding for 2014 revenue of $780M-$796M, below an $817.2M consensus.
- Q1 revenue breakdown: Marketing services (ads) +31.2% Y/Y to $47M, listing services +57.1% to $42.1M, e-commerce services +11.6% to $29.4M, everything else +32.3% to $2.7M.
- Opex rose 38.6% Y/Y, outpacing rev. growth of 33.2%. Sales spend +47% to $27.5M, G&A +28.3% to $19.3M. Adjusted EBITDA rose 34% to $54.8M.
- Peer E-House (EJ) is also lower premarket. Worries about a Chinese real estate slowdown have been growing.
- Q1 results, PR
From other sites
at CNBC.com (Sep 15, 2014)
at CNBC.com (Jul 14, 2014)
at CNBC.com (Jul 13, 2014)
at CNBC.com (Jul 11, 2014)
at CNBC.com (Jun 29, 2014)
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