Friday, February 28, 2014

China's Internet Video Giant Youku Tudou Reports Gross profit was RMB 254.3 million (US$42.0 million), a 119% increase from the corresponding period in 2012.

China's internet giant saw gross profit rise 119 percent from the same quarter of 2012.  Among Youku's top shows were The Walking Dead, The Shield and Under the Dome.  The strong operational and financial performance recorded in the fourth quarter enabled Youku Tudou to achieve profitability on a combined basis for the first time in the company's history.

On August 23, 2012, the Company and Tudou Holdings Limited ("Tudou") announced the completion of the merger between Youku and Tudou. Following the completion of the merger, Tudou's financial results were consolidated into the Company.  Here is more on Youku's financial information