Boston, MA 05\/12\/2014 (wallstreetpr) \u2013\u00a0<\/b>YY Inc (ADR) (NASDAQ:YY)<\/b> is a renowned social platform company based in China that helps its users connect and communicate by the virtue of the text, voice or video. The Cofounder and CEO, David Xueling Li, announced the economic statistics at the end of the first quarter on May 5, 2014.<\/p>\n
The Q1 Estimate<\/b><\/p>\n
The facts and figures depicted by the Q1-2014 report portrayed that the YY has out-performed, par excellence! The total revenue garnered is $107.2 million that is 111.6% more than the past year. Net income too was up in Q1 by almost 187%, close to RMB183.6 million! At the end of Q12013, YY had registered a net income of RMB63.9 million; incidentally within a year\u2019s time, income has increased rampantly and almost three-folds!<\/p>\n
The revenue generated from the music and entertainment for YY Inc (ADR) (NASDAQ:YY)\u00a0has also increased phenomenally \u2013 from RMB116.8 million in Q12013 to RMB383.1 million in Q12014 (a stark increase by almost 228%). In the realm of online gaming, YY has progressed significantly by a margin of 36.3% since the first quarter of 2013. Non GAAP income witnessed a hike this quarter and jumped to RMB207.6 million from mere RMB82.1 million in Q12013, almost 153%!<\/p>\n
The overall revenue growth portrayed by YY estimates at a whopping 136.9%, which has greatly exceeded the software service and internet industry\u2019s average growth of 20.6%! Besides, the company has a significant Quick Ratio that equals 3.23, demonstrating that YY is capable of covering apparent short term needs! A debt-to-equity ratio stands at Zero \u2013 this is considered a favorable sign indeed!<\/p>\n
The CEO\u2019s Confidence!<\/b><\/p>\n
The CEO pointed at the robust and skyrocketing performance by YY Inc (ADR) (NASDAQ:YY)\u00a0during 2013-14. He also touched upon his plans and expectations over the launch of 100 Education on February 25, 2014. He hailed YY\u2019s massive real-time hosting capabilities and also corroborated that YY shall use the momentum it currently has, in garnering newer business opportunities and would harp on myriad additional ways to use social media to monetize significantly.<\/p>\n
The Lackluster performance of the Stocks!<\/b><\/p>\n
Despite such out-performance in Q1 and the stage being set for profound Q2 revenues and profits for YY Inc (ADR) (NASDAQ:YY), its stocks dropped significantly during the after hours. The moot point is whether the content regulation worries are obfuscating the stockholders, because of an anti-pornography campaign by Beijing in late April, thereby causing this slide!<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 05\/12\/2014 (wallstreetpr) \u2013\u00a0YY Inc (ADR) (NASDAQ:YY) is a renowned social platform company based in China that helps its users connect and communicate by […]<\/p>\n","protected":false},"author":32,"featured_media":21955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[6542,6541],"stock_ticker":[],"class_list":["post-21952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nasdaqyy","tag-yy-inc-adr-nasdaqyy","entry"],"acf":[],"yoast_head":"\n