Qihoo 360 in the second quarter net profit of 39.1 million dollars year-on-year increase 18.5%

Qihoo 360logo Beijing Time August 25, Qihoo 360 (Nyse:qihu) today released its unaudited earnings for the second quarter of the 2014 fiscal year ending June 30. Earnings showed that Qihoo 360 in the second quarter of the total revenue of 317.9 million U.S. dollars, the second quarter of 2013 to 151.7 million U.S. dollars, a year-on-year growth of 109.6%; net profit of 39.1 million U.S. dollars, 2013 the second quarter was 33 million U.S. dollars, the year-on-year increase of 18.5%. Second Quarter Financial Summary: • Revenue for 317.9 million U.S. dollars, an increase of 109.6%, the same period last year, 151.7 million U.S. dollars. • The net profit attributable to Yuchihu 360 was $39.1 million, compared with $33 million in the same period last year. • According to non-US general Accounting Standards (NON-GAAP), the net profit attributable to Yuchihu 360 was $69.2 million, compared with $51 million in the same period last year. • The return of 360 per cent of the U.S. depository Share (ADS) in Yuchihu is $0.30, compared with $0.26 a year earlier. The Non-gaap, which belonged to Qihoo 360, earned $0.50 a year, compared with $0.40 in the same period. Second quarter operating data: • Qihoo 360 The total monthly active users of PC products and services reached a record 496 million, compared with 461 million in the same period last year. • Qihoo 360 has a user penetration rate of 93.9% for PC products and 96% for the same period last year. • The total number of smartphone users in Qihoo 360 mobile security products reached a record 641 million, compared with 338 million in the same period last year. • Qihoo 360 's PC browser has a monthly active user of 345 million people, 330 million people in the same period last year. • Qihoo 360 's PC browser user penetration rate of 65.2%, the same period last year 69%. • Qihoo 360 The daily average number of independent visitors to the initial and subordinate pages is 128 million, compared with 114 million people in the same period last year. • Qihoo 360 The daily average number of clicks on the initial and subordinate pages is 749 million, and 590 million times in the same period last year. Revenue for the second quarter of 2014 was $317.9 million, up 109.6% from $151.7 million a year earlier, and 19.9% per cent over the last quarter of 265.1 million. Growth is driven mainly by the strong performance of both online advertising and internet value-added services. Online advertising business revenue in the fourth quarter of 171.3 million U.S. dollars, the year-on-year growth of 89%, the chain growth of 22.3%. The strong growth was mainly due to the increased contribution of search and mobile advertising, as well as the increase in user activity of the 360 initial pages. The steady growth of the chain is due to the strong search business and the seasonal growth of the advertising business. Internet value-added services revenue in the fourth quarter of 146.2 million U.S. dollars, the year-on-year growth of 140%, the chain growth of 17.2%. This part of the revenue is mainly from the game platform operations. Year-on-year growth is strong because the PC-side and mobile-end games are strong growth, the chain growth is by itsIt is driven by Internet value-added services and gaming operations. Revenue cost revenue cost of 66.6 million U.S. dollars, the same period last year, 17.8 million U.S. dollars, the last quarter of 50.4 million U.S. dollars, year-on-year and the chain growth of 273.3% and 32.2% respectively. Operating expenses were $208.3 million trillion, compared with $97.2 million a year earlier, and 175.1 million dollars in the last quarter. NON-GAAP operating expenses of 182.6 million U.S. dollars, the same period last year, 79.3 million U.S. dollars, the last quarter of 155.2 million U.S. dollars. The year-on-year and chain growth of NON-GAAP operating expenditure is mainly due to the increase of marketing cost, personnel related cost and bandwidth and equipment depreciation cost. In addition, the company is constantly strengthening the technology and product development capabilities to consolidate brand and market position, which also led to the cost of ascension. Operating profit operating profits of 43.9 million U.S. dollars, the same period last year, 36.6 million U.S. dollars, the last quarter of 39.6 million U.S. dollars. NON-GAAP operating profit of 69.7 million U.S. dollars, the same period last year, 54.5 million U.S. dollars, the last quarter of 59.5 million U.S. dollars. Operating profit margin of 13.8%, the same period last year was 24.1%, the previous quarter was 14.9%. NON-GAAP operating profit margin of 21.9%, the same period last year 36%, the previous quarter was 22.5%. NON-GAAP operating profit margin year-on-year and chain growth is mainly due to marketing costs, personnel related costs, bandwidth and equipment depreciation costs increased. Operating profit operating profits of 43.9 million U.S. dollars, the same period last year, 36.6 million U.S. dollars, the last quarter of 39.6 million U.S. dollars. NON-GAAP operating profit of 69.7 million U.S. dollars, the same period last year, 54.5 million U.S. dollars, the last quarter of 59.5 million U.S. dollars. Operating profit margin of 13.8%, the same period last year was 24.1%, the previous quarter was 14.9%. NON-GAAP operating profit margin of 21.9%, the same period last year 36%, the previous quarter was 22.5%. NON-GAAP operating profit margin year-on-year and chain growth is mainly due to marketing costs, personnel related costs, bandwidth and equipment depreciation costs increased. The net profit attributable to Qihoo 360, which belonged to Qihoo 360, was 39.1 million U.S. dollars, compared with $33 million in the same period last year and $49.1 million in the previous quarter. The NON-GAAP net profit of the 360 listing is $69.2 million, which was $51 million in the same period last year and 73.3 million in the last quarter. Net interest rate is 12.3%, the same period last year was 21.8%, the last quarter was 18.5%. Non-gaap Net interest rate is 21.8%, the same period last year was 33.6%, the last quarter was 27.7%. The year-on-year increase in NON-GAAP net interest rates was mainly due to strong income growth. Earnings per share of US depository Shares (ADS) earned $0.30 in the fourth quarter of 2013, with earnings of $0.50 per US Depository (ADS) Non-gaap. Cash flow and Balance sheet 2The net cash flow generated by operations in the second quarter of 014 was $57.7 million trillion, 86.4 million US dollars over the same period last year, and 100.5 million dollars in the previous quarter. Cash capital expenditure is 41.4 million dollars. As of June 30, 2014, the company's cash and cash equivalents amounted to USD 786.8 million. Business outlook for the third quarter of 2014, the company expects revenues to be between 360 million and 365 million dollars, up 92% to 94% from a year earlier, and 13% to 15% on a month-on-month basis. (Hao Hui)