- Youku Tudou (NYSE:YOKU) is up 0.4% today after a mixed Q3 report where revenues beat expectations easily but net losses grew substantially.
- Non-GAAP net loss of 316.5M yuan ($49.8M) was wider than a year-ago loss of 111.2M yuan ($17.5M). Non-GAAP net revenues rose 54%, however, and gross profit was up 36% to 311.5M yuan ($49M).
- Advertising net revenues of 1.35B yuan ($212.2M) were up 37%, meeting guidance. Meanwhile, consumer revenues (from subscription service, interactive live entertainment and mobile games) jumped 514% to 256.2M yuan ($40.3M).
- Shares are trading at $26.80; the firm's definitive merger agreement with Alibaba has that firm paying $27.60 per ADS.
- Press release
- Previously: Youku Tudou up 9.7% premarket on Alibaba buyout's higher price (Nov. 06 2015)