Youku Tudou consumer revenues up 473% YoY

Youku Tudou Inc. (NYSE: YOKU) said its net revenues were RMB4.0 billion (USD649.5 million) in 2014, a 33 percent increase from 2013.

Advertising net revenues were RMB3.6 billion (USD583.8 million) in 2014, a 34 percent increase from 2013.

Consumer revenues were RMB151.6 million (USD24.4 million) in 2014, a 473 percent increase from 2013.

Bandwidth costs as a component of cost of revenues were RMB917.3 million (USD147.8 million) in 2014, representing 23 percent of net revenues, as compared to 23 percent of net revenues in 2013.

Gross profit was RMB781.0 million (USD125.9 million) in 2014. Non-GAAP gross profit was RMB838.0 million (USD135.1 million) in 2014, a 39 percent increase from 2013.

Operating expenses were RMB1.7 billion (USD274.1 million) in 2014, as compared to RMB1.2 billion (USD193.4 million) in 2013. Non-GAAP operating expenses were RMB1.4 billion (USD229.6 million) in 2014, as compared to RMB1.0 billion (USD161.2 million) in 2013. Detailed discussion of each component of operating expenses is as follows:

Youku Tudou is China´s leading Internet television company. Its Youku and Tudou Internet television platforms enable users to search, view and share high-quality video content quickly and easily across multiple devices.