58 the same city 2014 years Q1 total revenue 48.2 million U.S. dollars year-on-year growth of 103.3%

Absrtact: 58 The same city released today as of March 31 in the first quarter of 2014 earnings, the results showed that the company's first quarter total revenue of 48.2 million U.S. dollars, an increase of 103.3%; net profit of 2.3 million US dollars, net loss of 4.7 million dollars in the same period last year, not in accordance with U.S. general accounting standards

58 the same city released today as of March 31, the first quarter of 2014 earnings, the company's first quarter total revenue of 48.2 million U.S. dollars, an increase of 103.3% per cent, net profit of 2.3 million U.S. dollars, net loss of 4.7 million dollars in the same period last year, not in accordance with U.S. general accounting standards, Net profit in the first quarter was $3.3 million trillion, with a net loss of 4.1 million dollars over the same period last year.

Analysys Analysis:

Earnings showed that in the 1th quarter of 2014, 58 of the same city to achieve a total operating income of 48.2 million U.S. dollars, compared with the same period last year up 103.3%, gross margin of up to 94.9%, compared with the same period last year 91.8% gross profit margin, rose 3.1%, a total of 2.3 million dollars to achieve profits. 58 on the same city online users on the end of the brand aggregation effect has been highlighted, coupled with the offline team to expand efforts to ensure that the continued increase in income.

According to the public earnings reports, 58 the rapid growth of the city's operating income mainly comes from two aspects: Member income, the data show that the current after a quarter of development, 58 of the city paid membership has more than 440,000, the year-on-year growth of 85%, this part of the membership costs directly 58 with the city brought 27.5 million U.S. dollars of income. 58 in the same city online promotion revenue, this part of the income compared to the same period last year, the growth rate is very rapid, 2014 1 quarter to achieve revenue of 20.5 million U.S. dollars, compared with the same period 2013 growth of 146.8%.

Online promotion of revenue promotion growth is 58 of the city business benign growth of the important symbol. is for the existing member depth mining utilization. At present, the application of online information classification is already mature, and the source of business growth has been excavated from the expansion of the offline shops into the deep market.

At the same time, 58 with the city added a lot of convenient information service applications, this is not only 58 of the city for users active degree and viscosity upgrade means, at the same time is 58 with the city to service class O2O platform evolution Signal.