360 in the second quarter net profit soared more than 3 times times hand search revenue exceeded expectations

"TechWeb Report" August 26 news, Qihoo 360 released its unaudited second-quarter earnings today. Earnings showed that Qihoo 360 revenue reached 152 million U.S. dollars in the second quarter, an increase of 108% per cent, net profit of 33 million U.S. dollars, an increase of 372%. Both hand travel and search income are more than expected. Qihoo 360 said the year-on-year and Quarter-on-quarter growth in the company's second-quarter revenue came from the performance of online advertising and internet value-added services, driven by continued strong growth in user and traffic, as well as ad based on results in the personalized start page. In addition, better than expected search and mobile commercialization also provide more growth momentum. In addition, net advertising revenue in the 360 period was $90.6 million, up 78% from a year earlier, to 43% per cent over the previous quarter. Year-on-year growth was mainly derived from the commercialization of the 360-page user behavior, and partly from the increased search commercialization. The gaming platform-focused internet value-added service was $60.9 million, up 181% from a year earlier, up 33% per cent from the previous quarter. Year-on-year growth is partly rooted in the strong momentum of mobile gaming, but the seasonal weakness of web games limits the chain growth limit. Xiangdong, president of Qihoo 360, said the growth of the online advertising business was driven by the continued commercialization of the company as a whole, and by the rapid growth of business on search and mobile platforms. Internet value-added services are mainly due to the rapid growth of hand-driven. "Although the commercialization of 360 of searches has only just begun for a few months, we have seen encouraging progress," said Zhou, chairman of Qihoo 360. We will continue to promote and conscientiously implement the strategic plan for our business development, and we believe that commercialization on search and mobile platforms will support and drive the company's business in the long term and sustainable development. "At the product level, 360 of the users still have a huge coverage and active degree." Data show that June 2013, Qihoo 360PC products and services, the total number of active monthly users reached 461 million, user penetration rate of 96%. 360 of the browser's monthly active users up to 330 million, user penetration rate of 69%, June 2012 for 61%; the average daily independent user traffic for the personalized start page and its child pages is 114 million, and the average daily click is about 590 million. In addition, at the mobile product level, the total number of smartphone subscribers to 360 major mobile security products reached 338 million. (Chuck)