QIHU Qihoo 360 Tech. beats by $0.01, beats on revs; guides Q2 revs above consensus (QIHU) 41.05 :
Reports Q1 (Mar) earnings of $0.14 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.13; revenues rose 58.6% year/year to $109.9 mln vs the $105.89 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $142-144 mln vs. $121.19 mln Capital IQ Consensus Estimate.
First Quarter Operating Metrics
Total monthly active users of Qihoo 360's products and services reached a record 457 mln in March 2013, compared to 411 mln in March 2012.
User penetration of Qihoo 360's products was 95.8% in March 2013, compared to 93.4% in March 2012.
Total smartphone users of Qihoo 360's primary mobile security product reached ~275 mln in March 2013, compared to 74 mln in March 2012.
Monthly active users of Qihoo 360's browsers reached a record 332 mln in March 2013, compared to 273 mln in March 2012.
User penetration of Qihoo 360's browsers reached a record 69.6% in March 2013, compared to 62% in March 2012.
Average daily unique visitors to the 360 Personal Start-up Page and its sub-pages were 94 mln in the first quarter of 2013, compared to 77 mln in the first quarter of 2012.
Average daily clicks on Qihoo 360's Personal Start-up Page and its sub-pages were ~489 mln in the first quarter of 2013, compared to 295 mln in the first quarter of 2012.
Paying users of Qihoo 360's web game platform were ~281,000 in March 2013, compared to 139,000 in March 2012
