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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