Tudou Holdings Limited (TUDO) reported that its second-quarter net loss attributable to ordinary shareholders widened to RMB154.7 million or US$24.4 million from a net loss of RMB 88.3 million in the corresponding period in 2011. Loss per ADS for the quarter narrowed to RMB 5.34 or US$0.84, from RMB 29.44 per ADS last year, reflecting higher share count for the quarter.
Adjusted net loss for the second quarter 2012, which excluded share-based compensation expenses, was RMB144.8 million or US$22.8 million, compared to an adjusted net loss of RMB37.2 million in the corresponding period in 2011, which excluded share-based compensation expenses and fair value changes in warrant liabilities.
Operating expenses for the second quarter 2012 were RMB135.8 million or US$21.4 million, compared to RMB86.7 million in the corresponding period in 2011. The increase was primarily due to merger related expenses of RMB23.7 million or US $3.7 million resulting from the Company's pending transaction with Youku Inc.(YOKU) and an increase in sales and marketing expenses, mainly as a result of the Company's hiring of additional sales professionals and enhanced promotion and marketing efforts.
Net revenues for the second quarter 2012 increased by 47.3% to RMB171.9 million or US$27.1 million from RMB116.7 million in the corresponding period in 2011, driven by increases in online advertising service revenues, mobile video service revenues and other (sub-licensing) revenues.
Analysts polled by Thomson Reuters expected the company to report a loss of US$0.39 per share on revenues of US$33.40 million for the quarter. Analysts' estimates typically exclude special items.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.