Chinese online video website Youku.com Inc. today announced its unaudited financial results for the first quarter ended March 31, 2011, and provided investors with an 8% net loss.
While the company stated its revenues were CNY128.0 million — a 163% increase from the corresponding period in 2010 — its net loss was CNY46.9 million, an 8% decrease relative to the corresponding period in 2010. Operating loss was CNY45.8 million in the first quarter of 2011, representing a 7% decrease relative to the corresponding period in 2010.
Youku.com’s gross profit was CNY14.0 million, compared to a gross loss of CNY18.3 million for the corresponding period in 2010.
Bandwidth costs as a component of cost of revenues were CNY56.3 million in the first quarter of 2011, representing 44% of net revenues, down from 90% in the corresponding period in 2010. Content costs as a component of cost of revenues were CNY36.1 million, representing 28% of net revenues, compared to 17% in the corresponding period in 2010.
For the second quarter of 2011, Youku.com expects year-on-year growth in net revenues of 125% to 135%.
Regardless of the results of an election where one out of two major parties has…
SINGAPORE – Migrant workers in Singapore should beware of a scam involving the impersonation of…
Overlapping Employment, Sanctions, Surveillance and a Crisis of Trust This article reflects my personal experience…
Curated by : Ria Kapoor February 03, 2026 / 13:56 IST Representative image A 31-year-old…
In the wake of recent terrorist attacks in Balochistan, the international community has unequivocally condemned…
The family of an Australian snowboarder who died in a freak accident at a ski…