News Column

Qihoo 360 Q2 Net Profit Up 18%

August 25, 2014



BEIJING, August 25, SinoCast -- Qihoo 360 Technology (NYSE:QIHU) recorded operating revenue of USD 317.9 million in the second quarter of this year, surging 109.6% year on year.

Net profits hit USD 39.1 million, growing 18.5% over USD 33 million in the same period of a year earlier. Diluted ADS per share were USD 0.50, more than expectation.

In June, the number of active users of PC products and services hit 496 million, compared with 461 million last June; the user penetration of PC products was 93.9%, compared with 96% last June; the number of intelligent mobile phone users of main mobile security products hit a record high of 641 million, compared with 338 million last June; the number of active users of PC browsers was 345 million, compared with 330 million last June; the user penetration of PC browsers was 65.2%, compared with 69% last June.


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Source: Sinocast Internet, Media & Online Services Beat (China)


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