Key Developments: Youku Tudou Inc (YOKU.N)
19.96USD
20 May 2013
$0.86 (+4.50%)
$19.10
$18.93
$20.15
$18.78
462,630
367,639
$25.54
$13.83
Latest Key Developments (Source: Significant Developments)
Youku Tudou Inc. Issues Q2 2013 Revenue Guidance Above Analysts' Estimates
Youku Tudou Inc. announced that for the second quarter of 2013, the Company expects consolidated net revenues to be between RMB720 million and RMB770 million, with consolidated advertising net revenues contributing between RMB700 million and RMB740 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of CNY665 million for the second quarter of 2013. Full Article
Youku Tudou Inc. Issues Q1 2013 Guidance
Youku Tudou Inc. announced that for the first quarter of 2013, it expects consolidated net revenues will be between RMB480 million and RMB520 million, with consolidated advertising net revenues contributing between RMB420 million and RMB450 million. Full Article
Youku Tudou Inc. Issues Q4 2012 Revenue Guidance
Youku Tudou Inc. announced that for the fourth quarter of 2012, it expects net revenues will be between RMB610 million and RMB630 million, with advertising net revenues grow by RMB560 million to RMB585 million. Full Article
Youku Tudou Inc.'s Subsidiary and Tudou Holdings Limited Announce Completion Of Merger; Announces Name Change
Youku Tudou Inc. (formerly Youku Inc.) (Youku) and Tudou Holdings Limited (Tudou) announced the completion of the merger (the Merger) between Tudou and Two Merger Sub Inc. (Merger Sub), a wholly owned subsidiary of Youku, pursuant to the agreement and plan of merger (the Merger Agreement), dated March 11, 2012, by and among Youku, Tudou and Merger Sub, and the plan of merger, dated August 23, 2012, between Tudou and Merger Sub. As a result of the Merger, Tudou has become a wholly owned subsidiary of Youku. Youku's name was changed from Youku Inc. to Youku Tudou Inc. at the effective time of the Merger. Under the terms of the Merger Agreement, each Tudou Class A ordinary share and Tudou Class B ordinary share (not including Tudou Class B ordinary shares represented by Tudou American depositary shares (Tudou ADSs) issued and outstanding immediately prior to the effective time of the Merger has been cancelled in exchange for the right to receive 7.177 Youku Class A ordinary shares, and each Tudou ADS representing four Tudou Class B ordinary shares issued and outstanding immediately prior to the effective time of the Merger has been surrendered in exchange for the right to receive 1.595 Youku American depositary shares, each representing 18 Youku Class A ordinary shares. Full Article
Youku Inc Issues Q3 2012 Revenue Guidance Below Analysts' Estimates
Youku Inc announced that for the third quarter of 2012, it expects year-on-year growth of 70% to 80% in net revenues. The Company reported revenues of $41.15 million in the third quarter of 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $76.88 million for the third quarter of 2012. Full Article
Youku Inc Announces Senior Management Changes
Youku Inc announced that Mr. Dele Liu, Chief Financial Officer and Senior Vice President of Youku, has been promoted to President and Mr. Michael Xu, previously Senior Vice President of Finance, succeeds Mr. Liu as Chief Financial Officer and Senior Vice President, effective July 1, 2012. Full Article
Youku Inc Issues Q2 2012 Revenue Guidance Below Analysts' Estimates
Youku Inc announced that for the second quarter of 2012, it expects year on year growth of 90%-100% in net revenues. The Company reported revenues of $30.61 million in the second quarter of 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $62.10 million for the second quarter of 2012. Full Article
Youku Inc To Buy Tudou Holdings Ltd-Reuters
Reuters reported that China's two online video companies are joining forces, with Youku Inc buying Tudou Holdings Ltd in an all-stock deal worth more than $1 billion. Other information of the deal were not disclosed. Full Article
Youku Inc Issues Q1 2012 Revenue Guidance
Youku Inc announced that for the first quarter of 2012, it expects year-on-year growth of 95% to 105% in net revenues. This forecast reflects the Company's current and preliminary view, which is subject to change. Full Article
Youku Inc And Lions Gate Entertainment Corp. Sign Deal For Feature Films
Youku Inc announced that it has signed a licensing agreement with Lionsgate, a diversified global entertainment company. The deal was arranged through Celestial Tiger Entertainment, the exclusive sales agent for Lionsgate in Greater China and Southeast Asia. The agreement grants Youku the right to make 200 Lionsgate titles, including Hotel Rwanda, Monster's Ball, and Mr. Magorium's Wonder Emporium, available to users on an ad-supported basis via Youku's Movies Channel. Youku's Movies Channel is a curated front-end to Youku's free and premium film content, and offers content owners a range of options for making their work available to viewers. In addition to choosing to set a price for their content, content owners can opt to allow their content to become freely available after a set period. Eleven of the 18 films with Chinese box office revenues of more than RMB 100 million in 2011 are available on Youku's Movies Channel. Full Article
BRIEF-Youku Tudou shares down 11.9 pct after the bell following results
NEW YORK, Feb 28 - Youku Tudou Inc : * Shares were down 11.9 percent after the bell following the release of its results.
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