Youku Tudou Inc. (YOKU) a Chinese Internet television company, reported a net loss for the first quarter of RMB 232.5 million or RMB 1.42 per ADS, compared to a pro forma combined net loss of RMB 265.5 million or RMB 1.65 per ADS for the year-ago quarter.
Adjusted net loss for the latest quarter was RMB 182.1 million, compared to the pro forma combined adjusted net loss of RMB 197.2 million in the prior year quarter.
Net revenue for the first quarter rose to RMB 516.0 million from pro forma combined net revenues of RMB 425.44 million a year ago.
Looking forward, the company forecast second quarter net revenues of RMB 720 million to RMB 770 million.
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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.