Youku.com (YOKU)

[suntzutrade]

ya 8 bux rip..cant beat that. well congrats

[eastunder]

Nope. Yoku did it's job and I moved on. Take the board and get rid of that sticky note I forgot to erase. LOL

Nothing like old news, right? :)

Good luck!!!!!!!!!!!!!!

[suntzutrade]

Morgan stanley is invested heavy in Yoku


http://finance.yahoo.com/q/mh?s=YOKU+Major+Holders

[suntzutrade]

news

http://seekingalpha.com/article/277344-15-stocks-posting-big-jumps-this-week?source=yahoo

[suntzutrade]

you still holding?

[suntzutrade]

Yoku valuation is extremely cheap consider the growth that is coming

[bullfrog971]

Chart Analysis for Trading YOKU http://www.shareplanner.com/photos/ryanmallory/photo.html?albumid=24#photoid=239

[CapitalGains]

The "Youtube" of China hasn't done much better. This stock has sold off from $70 to almost $30 over the past 6 weeks and still hasn't found a bottom. Looks like the bubble in these social networking stocks has burst, but its only going to be temporary. Once we near the IPO of Groupon & Twitter & Facebook announce they intend to go public we'll see this sector heat up once again. Right now lets see if we are near a bottom and can get a couple dollars in profits on a quick reversal.

For a chart & further analysis:
http://superbirdstocks.com/?p=Articles:Item&id=89

[justabroker_2000]

Youku & Apple May Be Teaming up...

http://technode.com/2011/05/06/rumor-you...

[eastunder]

Youku Reviews Possible Acquisitions as Online Video Owner Plans Shre Sale
By Mark Lee - May 5, 2011 11:05 PM MT

Youku.com Inc. (YOKU), owner of China’s biggest online-video site, said it will review possible acquisitions as the company plans to sell new stock to fund expansion.

“As we see the increasing flow of capital from the public and private market into the online video sector, we want to ensure we have a clear leadership on all fronts,” Chief Executive Officer Victor Koo said in a conference call today. Potential acquisitions would come amid expected industry consolidation, Koo said. “We will look at those opportunities as they come on a very prudent basis.”

Youku will offer new stock to boost its capital about six months after raising $233.3 million from its initial public offering in New York. The Beijing-based company is increasing advertising sales as more than 200 million Chinese Internet users view videos on its website. Its shares have more than quadrupled in U.S. trading since their debut in December.

“You are going to see an increase in both the number of advertisers and the average revenue per advertiser,” Koo said.

As much as $600 million of Youku stock may be offered in the proposed sale, according to a registration document the company filed to the U.S. Securities and Exchange Commission after the close of trading yesterday. Koo declined to specify how much the company will raise from the stock sale.

Youku’s American depositary receipts rose 3.8 percent to $57.60 in New York trading yesterday before the stock offer filing. That compares with the stock’s IPO price of $12.80.

Youku yesterday reported its first-quarter net loss shrank to 46.9 million yuan ($7.2 million) from 51.2 million yuan a year earlier. Revenue more than doubled to 128 million yuan from 48.6 million yuan.

Second-quarter revenue will increase between 125 percent to 135 percent compared with last year, Youku said.

Goldman Sachs Group Inc. will manage Youku’s proposed stock offering.

[eastunder]

Youku Announces Its Intention to File a Registration Statement with the Securities and Exchange Commission Relating to an Offering of Its ADSs by Youku and Certain of its Pre-IPO Investors

Thursday , May 05, 2011 16:59ET



BEIJING, May 5, 2011 /PRNewswire-Asia/ -- Youku.com Inc. (NYSE: YOKU) today announced it intends to file a registration statement with the United States Securities and Exchange Commission (the "SEC") on or about May 5, 2011 (U.S. Eastern Time) relating to a proposed offering of its American depositary shares ("ADSs") by Youku and certain of its pre-IPO investors. The amount and timing of the proposed offering are subject to market conditions and other factors.


The majority of the offering will likely be primary shares to be issued by Youku with the rest being secondary shares to be sold by certain pre-IPO investors. The purpose of the offering is to provide additional capital to Youku for investments in technology, infrastructure and product development efforts, video content acquisition, expansion of sales and marketing efforts, and general corporate purposes, including working capital needs and potential strategic acquisitions or investments. The offering will also provide for greater liquidity of the ADSs in the market by increasing the public float as well as providing an opportunity for certain pre-IPO investors to obtain liquidity on part of their holdings in Youku in an organized fashion. Youku will not receive any proceeds from the sale of the ADSs by the selling shareholders. The number of ADSs to be issued and sold by Youku and the selling shareholders will be determined at an appropriate later date and will be reflected in an amendment to the registration statement to be filed with the SEC. Each ADS represents 18 of Youku's Class A ordinary shares.


A registration statement relating to these securities has not been filed with the SEC and, if filed, will not immediately become effective. The ADSs may not be sold, nor may offers to buy be accepted, prior to the time the registration statement relating to the proposed offering becomes effective.


This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, the securities described herein, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

[eastunder]

Youku.com Announces Unaudited First Quarter 2011 Financial Results

Thursday , May 05, 2011 16:57ET

BEIJING, May 5, 2011 /PRNewswire-Asia/ -- Youku.com Inc. (NYSE: YOKU), China's leading Internet television company ("Youku" or the "Company"), today announced its unaudited financial results for the first quarter ended March 31, 2011.


First Quarter 2011 Highlights(1)


-- Net revenues were RMB128.0 million (US$19.5 million), a 163% increase
from the corresponding period in 2010(2).
-- Gross profit was RMB14.0 million (US$2.1 million), compared to a gross
loss of RMB18.3 million (US$2.8 million) for the corresponding period in
2010.
-- Net loss was RMB46.9 million (US$7.1 million), an 8% decrease relative
to the corresponding period in 2010.
-- Adjusted EBITDA loss (non-GAAP financial measure) was RMB29.9 million
(US$4.6 million), compared to an adjusted EBITDA loss of RMB37.0 million
(US$5.6 million) for the corresponding period in 2010, or a 19%
improvement relative to the corresponding period in 2010.

"Our monthly unique visitors from homes and offices reached 231 million in March 2011, an increase of 22 million from December 2010, while our monthly unique visitors from Internet cafés exceeded 50 million in February 2011, according to iResearch. We continue to strengthen our leadership position in the Internet television space in China," said Victor Koo, Chairman and Chief Executive Officer.


"We are also excited to see growing user traffic coming from tablet and mobile phones, which reinforces our commitment to be the primary source of video content across all Internet-enabled devices. Our significant and timely investments in tablets and 3G applications continue to pay off. With respect to our content, we have achieved record viewership of television series and continue to increase the monetization of inventory associated with our in-house productions." Mr. Koo added.


Dele Liu, Senior Vice President and Chief Financial Officer commented, "I am pleased to report a solid quarter of top line growth. We continue to experience ongoing revenue momentum in our business as online video advertising becomes increasingly mainstream. For the rest of 2011, we will remain focused on improving our user experience and investing aggressively in content, technology, product innovation and brand to capitalize on the growing market opportunity in front of us."


(1) The reporting currency of the Company is Renminbi ("RMB"), but for the convenience of the reader, the amounts presented throughout the release are in US dollars ("US$"). Unless otherwise noted, all conversions from RMB to US$ are made at a rate of RMB6.5483 to US$1.00, the effective noon buying rate as of March 31, 2011 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.

(2) The Company's net revenues are presented net of commissions earned by third-party advertising agencies, which amounted to RMB24.7 million (US$3.8 million) in the first quarter of 2011 and RMB9.8 million (US$1.5 million) in the corresponding period in 2010.


First Quarter 2011 Results

Net revenues were RMB128.0 million (US$19.5 million) in the first quarter of 2011, representing a 163% increase from the corresponding period in 2010 and exceeding the high end of the Company's guidance by 22%. The significant increase in net revenues was mainly due to the strong performance of brand advertising revenues, which amounted to RMB119.8 million (US$18.3 million) in the first quarter of 2011, representing a 165% increase from the corresponding period in 2010. This growth was primarily attributable to the increased number of advertisers and increased average revenue per advertiser.


Bandwidth costs as a component of cost of revenues were RMB56.3 million (US$8.6 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 RMB36.1 million (US$5.5 million), representing 28% of net revenues, compared to 17% in the corresponding period in 2010. We have changed our accounting estimate regarding the pattern of the benefits that we derive from our licensed content, resulting in amortization of costs on an accelerated basis. Of the RMB36.1 million (US$5.5 million) content costs, RMB28.2 million (US$4.3 million), or 22% of net revenues, was incurred in the first quarter of 2011 using the newly adopted accelerated method and RMB7.9 million (US$1.2 million), or 6% of net revenues, relates to the adjustment to the accumulated amortization of licensed content acquired prior to 2011 using the accelerated method instead of straight-line method. If the Company had continued using a straight-line amortization method for content costs, RMB24.6 million (US$3.8 million), or 19% of net revenues, would have been recorded in the first quarter of 2011. Prior to 2011, our licensed content was amortized using a straight-line method over the estimated useful life, which was generally the license period. The change of estimate was effective in the first quarter of 2011 and will be applied prospectively.


Gross profit was RMB14.0 million (US$2.1 million) in the first quarter of 2011, compared to a gross loss of RMB18.3 million (US$2.8 million) for the corresponding period in 2010. The significant increase in gross profit was mainly due to increased revenues from brand advertising services and partially offset by an increased cost of revenues as described in the preceding paragraphs pertaining to bandwidth and content costs.


Operating expenses were RMB59.8 million (US$9.1 million) in the first quarter of 2011, an increase of 93% compared to RMB31.0 million (US$ 4.7 million) in the corresponding period in 2010. The increase was primarily due to increases in all of the operating expense line items as a result of the substantial growth of our business.


Operating loss was RMB45.8 million (US$7.0 million) in the first quarter of 2011, representing a 7% decrease relative to the corresponding period in 2010. The improvement was mainly due to the significant increase in gross profit as noted above.


Net loss was RMB46.9 million (US$7.1 million) in the first quarter of 2011, representing an 8% decrease relative to the corresponding period in 2010. Basic and diluted loss per ADS, each ADS representing 18 of our Class A ordinary shares, for the first quarter of 2011 amounted to RMB0.45 (US$0.07) and RMB0.45 (US$0.07), respectively.


Adjusted net loss (non-GAAP financial measure), which is herein defined as net loss excluding share-based compensation expenses and change in fair value of warrant liability, was RMB41.5 million (US$6.3 million) in the first quarter of 2011, or a decrease of 15% relative to corresponding period in 2010.


Adjusted EBITDA loss (non-GAAP financial measure), which is herein defined as net loss before income taxes, interest expenses, interest income, depreciation and amortization (excluding amortization of acquired content), further adjusted for change in fair value of warrant liability, share-based compensation expenses and other non-operating items, was RMB29.9 million (US$4.6 million) for the first quarter of 2011, or a decrease of 19% relative to the corresponding period in 2010.


Business Outlook


For the second quarter of 2011, the Company expects year-on-year growth in net revenues of 125% to 135%. This forecast reflects Youku's current and preliminary view, which is subject to change.

[eastunder]

YOKU

5-05-11

Currently 56.93 Earnings AMC

[eastunder]

Interesting thought pattern. :)

Good luck!

[magicluck]

Financials must be good if the conference will be after hours.

[eastunder]

YOKU 1Q earnings May 5, 2011 AMC

Youku to Release First Quarter Financial Results on May 5, 2011

Friday , April 29, 2011 07:11ET



BEIJING, April 29, 2011 /PRNewswire-Asia/ -- Youku.com Inc. (NYSE: YOKU), China's leading internet television company, will report its first quarter 2011 unaudited financial results on Thursday, May 5, 2011, after the close of the U.S. markets

The earnings teleconference call with simultaneous webcast will take place at 9:00 p.m. Eastern Time on Thursday, May 5, 2011 (Beijing/Hong Kong Time: 9:00 a.m., Friday, May 6, 2011). Youku's management will be on the call to discuss the quarterly results and answer questions.


To participate in the conference call, please RSVP to Ryan Cheung by email at [e-mail]


Interested parties may participate in the conference call by dialing one of the following numbers below and entering passcode Youku#, 10-15 minutes before the call starts.



US Toll Free Dial In: 1-800-901-5217
US Toll / International Dial In: 1-617-786-2964
China Toll: 86-400-881-1629/30
China (Telecom) Toll Free: 10-800-130-0399/120-2655
Hong Kong Toll / International Dial In: 852-3002-1672



A replay of the call will be available by dialing 1-888-286-8010 (international 1-617-801-6888), and entering passcode 35773540#. The replay will be available through May 13, 2011.


This call will be webcast live and the replay will be available for 12 months. Both will be available on the Investor Relations section of Youku's corporate website at http://ir.youku.com


About Youku


Youku.com Inc. is China's leading Internet television company. Our Internet television platform enables users to search, view and share high-quality video content quickly and easily across multiple devices. Youku, which stands for "what's best and what's cool" in Chinese, is the most recognized online video brand in China. Youku's American depositary shares, each representing 18 of our Class A ordinary shares, are traded on NYSE under the symbol "YOKU".

[Gastrodamas]

AAwww popycock, dow up big and Chinese stocks down yesterday. What a rigged Market.

[vinnybotz]

What a day! Thank You YOKUzuna.

[eastunder]

Crazy HOT! Yoku is just a monster right now. Another = +10% day so far

[eastunder]

Yoku - finviz chart:

http://finviz.com/quote.ashx?t=YOKU&ty=c&ta=0&p=w

[Honest_Devan]

this things going to run past 65. Right now bloomberg target price is $65 dollars. I look at all the terminals im holding since $49 i have about 100 shares looking for a quick 30-50% gain here

[justabroker_2000]

Not right now,What I've been doing is

Daytrading YOKU, $55.00 seems a bit rich for me to hold , But I will try and play the dips and bounce.

Good Luck

PS - I do think that YOKU has a lot of room to run the rest of this year, But for the moment 55 is not where I want to hold.
But everything depends on where the overall market goes, Its due for a BIG correction IMHO
Folks just getting into this market as an investment are crazy IMO, The market has almost doubled in the last few years, Where do they think its gonna go from here, Once a correction happens then I'll buy to hold, And when I do, YOKU is where Im going

[Honest_Devan]

any position right now?

[Honest_Devan]

filling gaps it looks like

[Honest Devan]

this thing is taking off!!

[eastunder]

Youku to Launch China's Most Ambitious Web Serial

Thursday , March 31, 2011 08:00ET

BEIJING, March 31, 2011 /PRNewswire-Asia/ -- Youku (NYSE: YOKU), China's leading Internet television company, announced today that it will launch an animated web serial, Miss Puff, this April. The new series is the company's most ambitious web serial to date, with 104 seven-minute episodes planned over eight seasons.


Miss Puff is a natural continuation of the original feature Miss Puff's Goldfish Bowl, an animated short that premiered last November as one of the films in Youku's 11 Degrees New Media Film Project, a partnership between Youku, Chevrolet Cruze, and the China Film Group. The trailer for the upcoming series has been viewed more than 220,000 times over the past week, suggesting that it will share the popularity of the original film, which was viewed more than five million times and linked in roughly two million tweets, making it the most-tweeted of the 11 Degrees films.


Positioned as a Chinese Sex and the City, Miss Puff will have weekly dates with Youku's 280 million online viewers. Each episode will revolve around an object in the titular material girl's everyday life, offering Miss Puff a chance to contemplate the vicissitudes of fast-paced Chinese urban life and presenting a product placement opportunity for advertisers like GM and Lenovo.


Created by Beijing-based independent animator Pi San, Miss Puff explores the social mores of young white-collar professionals through the persona of its title character, a doe-eyed young Beijing freelancer who bears more than a passing resemblance to French actress Audrey Tautou and Chinese songstress Faye Wong. Like the original film, the new animations blend animated characters with live-action backgrounds, bringing a level of realism to the animation. With the incorporation of viewer feedback in the series' plot arcs, Miss Puff will engage viewers with storylines that they can relate to.


Youku is no stranger to creating online series, having premiered China's first web serial, Hip-Hop Office Quartet, in 2008. After three seasons, the show passed 100 million views last August.

Miss Puff is being produced by Youku Original, Youku's in-house content production department. Youku Original is a key part of the company's content strategy, which pursues a combination of licensed professionally produced content, self-produced content from Youku Original, and user-uploaded content. With Miss Puff, Youku Original will continue to blend engaging content, social relevance, and cutting-edge marketing to create a series that will engage and delight the viewers advertisers want to reach.

[justabroker_2000]

Looks Like The Pattern Has Been Broken

Somethings not right today, Dont know if its taken a day off or whats going on.
I sold at 48.22 and If I see something I'll get back in, Just strange trading on a lower then usual volume.
Hope Im wrong

[justabroker_2000]

Here's the 100K Buy This AM. ( NOT MINE )

YOKUYouku.com Inc. (YOKU) Pre-Market Trading Pre-Market Charts | After Hours Charts Mar. 17, 2011 Market Close: $ 45.99 Pre-Market Last:
Net / % Change $ 47.75

1.76 (3.83%) Pre-Market High: $ 47.75
Pre-Market Volume: 107,950 Pre-Market Low: $ 47

Learn more about the Pre-Market trading session. Trade Detail
Pre-Market
Time (ET) Pre-Market
Price Pre-Market
Share Volume
09:30 $ 47.75 100
09:30 $ 47.75 100
09:30 $ 47.75 300
09:29 $ 47.28 100
09:29 $ 47.28 100
09:29 $ 47.28 100
09:29 $ 47.28 200
09:28 $ 47.60 400
09:26 $ 47.50 100,000
09:25 $ 47.30 500
09:25 $ 47.50 100
09:25 $ 47.50 100
09:25 $ 47.50 300
09:25 $ 47.50 100
09:25 $ 47.50 200
09:23 $ 47.38 100
09:23 $ 47.45 250
09:23 $ 47.40 150
09:21 $ 47.20 100
09:21 $ 47.20 100
09:21 $ 47.20 250
09:19 $ 47.20 100
09:19 $ 47.20 100
09:19 $ 47.20 100
09:19 $ 47.20 100
09:16 $ 47.20 500
09:15 $ 47.20 450
09:15 $ 47.20 450
09:03 $ 47.35 100
09:00 $ 47.35 1,000
08:55 $ 47.30 600
08:55 $ 47.32 100
08:53 $ 47.45 200
08:51 $ 47.40 100
08:48 $ 47 400

[justabroker_2000]

i wish

[eastunder]

I thought that was you? ;)

[justabroker_2000]

WoW, Someone bought 100K block in pre market for 47.50

[justabroker_2000]

Yup, A sea of Red and my 2 chinese stocks are up.

CYOU & YOKU

Gotta love it

[eastunder]

One green in a sea of red. Nice morning for YOKU.

[justabroker_2000]

Looks like someone made a mistake for 300K shares.

Either a fat finger or something else, Anyway it took Off $1.70 over the ask, OUCH
Lets see if they contact the ECN and fix it, I dont think so.

[justabroker_2000]

Markets are very tenitive today, As seen with the action of YOKU.

I think they're waiting to see where oil goes, So will go the markets.

[justabroker_2000]

Overall, This Was A Very Good Day.

Considering the initial panic with the earnings so called shortfall, And the general market conditions, Not a bad day at all.

[justabroker_2000]

Goldman Raises price target to $43.00

Despite a fall of 93 cents, or 2%, to $40.66 today in shares of Youku.com (YOKU) following a deeper-than-expected net loss last night, Goldman Sachs analyst James Mitchell this morning reiterated a Buy rating on the stock and raised his price target to $43 from $40, as his profit estimates are actually going up.

Turns out the 13-cent non-GAAP net loss per share was just a couple cents worse than Mitchell expected, versus a 10-cent miss to consensus, and the revenue forecast for this quarter, which seemed to suggest a deceleration from almost 200% growth to just 100%, is not of real concern, as Mitchell thinks it may be “conservative.”

“Youku’s Q1 2011 revenue is heavily skewed toward March versus February,” writes Mitchell, “leading us to believe that its Q1 revenue guidance could prove conservative.”

In general, Youku’s revenue will probably show up more toward the latter part of this year, given a heavy reliance on auto ads, he writes, unlike the more even revenue coming out of search engines in China such as Baidu (BIDU), he opines.

Moreover, the company’s Ebitda profit in the quarter was in contrast to his expectation for a loss, five quarters earlier than he’d expected to see such profit, he writes. He now thinks Youku could become profitable by Q4 of this year.

Mitchell cut his revenue estimates this year and next, but he also raised his profit estimate to a net loss of 66 million Renminbi this year, from a prior loss estimate of 110 million renminbi, a net loss of 20 cents per share in earnings, versus his prior 25-cent estimate. For 2012, Mitchell sees a positive Ebitda of 113 million Renminbi, versus his prior 52 million Renminbi estimate, and EPS of a penny versus a prior 6-cent loss.

The big change, I’d note, on the expense line, is the assumption Youku will have vastly lower sales and marketing expenses, at only 21.9% of sales, down from 27.5% in 2011, down from his prior estimate for 37.4% of sales going to that category. Mitchell notes that he thinks the company may ride the celebrity of its post-IPO status to cut some of the cost of bringing in advertisers.

[eastunder]

Youku Slides After Hours; China Video Firm’s Q4 Misses Estimates
Feb. 28 2011 - 7:31 pm

http://blogs.forbes.com/ericsavitz/2011/02/28/youku-slides-after-hours-china-video-firms-q4-misses-estimates/?partner=yahootix

By ERIC SAVITZ

Shares of China-based video site Youku.com (YOKU) are getting clobbered in late trading after the company posted disappointing Q4 profits.

For the quarter, the company reported revenue of $23.1 million, ahead of the Street consensus at $20.8 million. But Youku also reported a loss of 13 cents per American depositary share, 10 cents worse than the Street consensus estimate of a loss of 3 cents. Revenue was up 183% from a year ago.

Meanwhile, Youku sees revenue for Q1 up 105%-115% from a year ago. And that’s a problem. For one thing, it shows an obvious slowdown from the fourth quarter. Also, the company in its IPO filing reported that Q1 2010 revenues were 48.613 million RMB, which translates to $7.4 million. At the top of the projected growth range of 105%-115%, the company would report 104.5 million RMB, which translates to $15.9 million, well short of the Street consensus at $18.9 million.

Youku went public in early December at $12.80 a share, and the stock quickly took off, trading as high as $50 within two days of the IPO. Over the last several trading days, the stock has heated up again, gaining 27% in the three days through today’s close. In Monday’s regular session, the stock rose $1.99, or 5%, to $41.59.

But in late trading, the stock has suffered a reversal: the shares are down $4.09, or 9.8%, to $37.50.

[justabroker_2000]

Goldman Sachs Applaudes Youku.com's (YOKU) Q4 Results On Strong Operating Leverage

Goldman Sachs made very positive comments about Youku.com (NYSE: YOKU) today following Q4 results after the close, which appeared to be mixed on the surface. Goldman was positive about better Q4 margins and increased their margin forecast for future periods as a result. The firm also lifted their price target on the stock following the numbers.

[justabroker_2000]

WoW, They got killed, OUCH

[eastunder]

Youku.com Announces Fourth Quarter and Fiscal Year 2010 Unaudited Financial Results

Monday , February 28, 2011 18:00ET

BEIJING, Feb. 28, 2011 /PRNewswire-Asia/ -- Youku.com Inc. (NYSE: YOKU), China's leading Internet television company ("Youku" or the "Company"), today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010.


Fourth Quarter Highlights(1)

-- Net revenues were RMB152.5 million (US$23.1 million), a 183% increase
from the corresponding period in 2009.(2)
-- Gross profit was RMB50.4 million (US$7.6 million), compared to a gross
loss of RMB5.2 million ($0.8 million) for the corresponding period in
2009.
-- Net loss was RMB37.7 million (US$5.7 million), an 18% decrease from the
corresponding period in 2009.
-- Adjusted EBITDA (non-GAAP financial measure) was RMB6.4 million (US$1.0
million), compared to an adjusted EBITDA loss of RMB31.6 million (US$4.8
million) for the corresponding period in 2009.


Fiscal Year 2010 Highlights

-- Net revenues were RMB387.1 million (US$58.7 million), a 152% increase
from 2009.
-- Gross profit was RMB36.3 million (US$5.5 million), compared to a gross
loss of RMB63.1 million ($9.6 million) in 2009.
-- Net loss was RMB204.7 million (US$31.0 million), a 12% increase from
2009.
-- Adjusted EBITDA loss (non-GAAP financial measure) was RMB99.5 million
(US$15.1 million), a 26% decrease from an adjusted EBITDA loss of
RMB134.5 million (US$20.4 million) in 2009.


"I am very pleased to report a strong fourth quarter, which is also the first time we report financial results as a publicly listed company. Our strong growth has been driven by a surging digital economy in China and our focus on providing the most comprehensive video content library to Chinese users and the best user experience in watching, searching and sharing videos. We are also happy with the achievements we made in our video search engine Soku, P2P software iKu and our wireless products which are rapidly gaining popularity," said Victor Koo, Chairman and Chief Executive Officer.


"Our brand continues to strengthen, and building on the publicity gained throughout China from our recent IPO in the New York Stock Exchange, our lead over competitors in brand awareness and popularity has further expanded. Looking forward I am confident that Youku will remain at the center of China's online video market," Mr. Koo continued.


"More and more domestic and international companies appreciate the strength of our video platform as an advertising opportunity, and we believe that the outlook for 2011 is promising," Mr. Koo added.


Dele Liu, Youku's Senior Vice President and Chief Financial Officer, commented, "Riding on the shifting of video advertising dollars online, we have achieved strong revenue growth momentum and significant margin improvement. These results have further added to our optimism and confidence that the right company strategy is to invest aggressively in future growth through investment in content, technology, product innovation and brand."


Fourth Quarter 2010 Results


Net revenues were RMB152.5 million (US$23.1 million) in the fourth quarter of 2010, representing a 183% increase from the corresponding period in 2009. The significant increase of net revenues was mainly due to the strong performance of brand advertising revenues, which amounted to RMB139.4 million (US$21.1 million) in the fourth quarter of 2010, representing a 189% increase from the corresponding period in 2009. The growth was primarily attributable to the increased use by brand advertisers of our advertising services.


Bandwidth costs as a component of cost of revenues were RMB51.7 million (US$7.8 million) in the fourth quarter of 2010, representing 34% of net revenues, compared to 71% in the corresponding period in 2009.


Content costs as a component of cost of revenues were RMB26.2 million (US$4.0 million), representing 17% of net revenues, compared to 10% in the corresponding period in 2009. The increase in content costs was mainly due to expansion of our online video content library and increase in unit acquisition cost of professionally produced content.


Gross profit was RMB50.4 million (US$7.6 million) in the fourth quarter of 2010, compared to a gross loss of RMB5.2 million (US$0.8 million) for the corresponding period in 2009. The significant increase in gross profit was mainly due to increased revenues from brand advertising services.


Operating expenses were RMB59.0 million (US$8.9 million) in the fourth quarter of 2010, an increase of 57% compared to RMB37.6 million in the corresponding period in 2009. The increase was primarily due to increases in sales and marketing expenses, general and administrative expenses and product development expenses as a result of the substantial growth of our business.


Operating loss was RMB8.6 million (US$1.3 million) in the fourth quarter of 2010, representing an 80% decrease from the corresponding period in 2009. The decrease was mainly due to the significant increase in gross profit as noted above.


Net loss was RMB37.7 million (US$5.7 million) in the fourth quarter of 2010, representing an 18% decrease from the corresponding period in 2009. Basic and diluted loss per ADS(3) for the fourth quarter of 2010 amounted to RMB0.89 (US$0.13) and RMB0.89 (US$0.13), respectively.


Adjusted net loss (non-GAAP financial measure), which is herein defined as net loss excluding share-based compensation expenses and change in fair value of derivative financial liabilities and warrant liability, was RMB6.4 million (US$1.0 million) in the fourth quarter of 2010, or an 85% decrease from the corresponding period in 2009.


Adjusted EBITDA (non-GAAP financial measure), which is herein defined as net income or loss before income taxes, interest expenses, interest income, depreciation and amortization, further adjusted for change in fair value of derivative financial liabilities and warrant liability, share-based compensation expenses and other non-operating items, was RMB6.4 million (US$1.0 million) for the fourth quarter of 2010, compared to a loss of RMB31.6 million (US$4.8 million) from the corresponding period in 2009.


Full-Year 2010 Results


Net revenues were RMB387.1 million (US$58.7 million) in the fiscal year 2010, representing a 152% increase from 2009. The significant increase of net revenues for 2010 was mainly due to the substantial increase in brand advertising revenues, which grew by 161% from 2009 to RMB356.9 million (US$54.1 million) in 2010. The growth was primarily attributable to the increased use by brand advertisers of our advertising services.


Bandwidth costs as a component of cost of revenues were RMB191.7 million (US$29.0 million) in 2010, representing 50% of net revenues, compared to 97% in 2009.


Content costs as a component of cost of revenues were RMB82.7 million (US$12.5 million), representing 21% of net revenues, compared to 11% in 2009. The increase in content costs was mainly due to expansion of our online video content library and increase in unit acquisition cost of professionally produced content.


Gross profit was RMB36.3 million (US$5.5 million) in 2010, compared to gross loss of RMB63.1 million (US$9.6 million) in 2009. The significant increase in gross profit was mainly due to increased revenues from brand advertising services. The gross profit margin improved to 9% from a negative margin of 41% in the prior year, mainly due to operating leverage, as cost of revenues represented 91% of net revenues in 2010 compared to 141% in 2009.


Operating expenses were RMB190.6 million (US$28.9 million) in 2010, an increase of 70% compared to RMB112.2 million (US$17.0 million) from 2009. The increase was primarily due to increases in sales and marketing expenses, general and administrative expenses and product development expenses as a result of the substantial growth of our business.


Operating loss was RMB154.3 million (US$23.4 million) in 2010, representing a decrease of 12% from 2009. The decrease was mainly due to the significant increase in gross profit as noted above.


Net loss was RMB204.7 million (US$31.0 million) in 2010, representing a 12% increase from 2009.


Basic and diluted loss per ADS for 2010 amounted to RMB7.90 (US$1.2) and RMB7.90 (US$1.2), respectively.


Adjusted net loss (non-GAAP financial measure) was RMB148.4 million (US$22.5 million) in 2010, or a 15% decrease from 2009.


Adjusted EBITDA loss (non-GAAP financial measure) was RMB99.5 million (US$15.1 million) in 2010, or a decrease of 26% from 2009.


Business Outlook


For the first quarter of 2011, the Company expects the year-on-year net revenues growth at a rate of 105% to 115%. This forecast reflects Youku's current and preliminary view, which is subject to change.


Conference Call Information


Youku's management will host an earnings conference call at 8:00 p.m. U.S. Eastern Time on February 28, 2011 (9:00 a.m. Beijing/Hong Kong Time on March 1, 2011).


Interested parties may participate in the conference call by dialing one of the following numbers below and entering passcode Youku#, 10-15 minutes before the call starts.




US Toll Free Dial In: 1-866-700-6293
US Toll / International Dial In: 1-617-213-8835
China Toll: 86-4008811629/30
China (Telecom) Toll Free: 108001300399
Hong Kong Toll / International Dial In: 852-3002-1672
Participant Passcode: Youku#



A replay of the call will be available by dialing 1-888-286-8010 (international 1-617-801-6888), and entering passcode 53661444#. The replay will be available through March 15, 2011.


This call will be webcast live and the replay will be available for 12 months. Both will be available on the Investor Relations section of Youku's corporate website at http://ir.youku.com


About Youku


Youku.com Inc. is China's leading Internet television company. Our Internet television platform enables users to search, view and share high-quality video content quickly and easily across multiple devices. Youku, which stands for "what's best and what's cool" in Chinese, is the most recognized online video brand in China. Youku's American depositary shares, each representing 18 of our Class A ordinary shares, are traded on NYSE under the symbol "YOKU".

[eastunder]

8 ET, I believe

edit: That's the CC - so anyones guess?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59799843

[justabroker_2000]

Anyone know what time earnings out ????

[justabroker_2000]

You've got to have nerves of steel to hold YOKU

That MM is surely a pro at taking folks out.

Hope its good earnings. Good luck all.

[christinat]

Piper Jaffray believes Youku (NASDAQ: YOKU) will report 5% upside to Street revenue expectations for Q4, but we believe valuation remains fair considering the growth potential alongside concerns around content costs and competition. While Piper remains Neutral, it notes that video advertising at competitors in China has been growing healthily and it expects Youku as the market leader to also benefit. Piper notes that a license granted the company last week could enable it to gain a foothold in video search that could potentially help traffic sourcing.

A generally overlooked part of Youku's business is its video search engine Soku, which returns results from various video providers in China. Piper notes the company obtained a license enabling it to continue developing the beta search engine. Piper believes that if they create a compelling video search product there is significant traffic they could control as Baidu's Video Search product has roughly 73 million unique users and 1 billion queries in December 2010.


Read more: http://www.benzinga.com/analyst-ratings/analyst-color/11/02/890291/piper-jaffray-gives-earnings-preview-on-youku-sees-upside#ixzz1FGhTmktZ

[justabroker_2000]

Monday Is Gonna Be One Wild Day To The

Upside, This is gonna fly, Where it stops , Nobody knows

[justabroker_2000]

DANG Getting Wacked after being up $1.60

Hope its not contagious

[justabroker_2000]

Market Maker loves his games, Took it up on 2.5M

Took it down on 400K, I wish I had that power

[justabroker_2000]

Heres a new article just out mentions YOKU

http://www.bloggingstocks.com/2011/02/25/online-in-china-baidu-bidu-and-youku-com-yoku/

And another

http://www.fool.com/investing/high-growth/2011/02/25/3-huge-opportunities-to-watch.aspx

[justabroker_2000]

This is a sweet ride up, Im Looking for news

But nothing out there.

Seems someone leaked news during the 2 goldman meetings last week, Notice how its taken off ever since then !!!!!!!

Would be nice to close around 42 today, But I'll take what I can get , Thank You