Qihoo 360 CEO Qi Xiangdong added: "although the third quarter of the macro environment is not optimistic, we are very pleased to see the online advertising business again achieved strong growth of Internet value-added business also achieved 111% year-on-year growth rate results, super travel industry performance."
according to the third quarter of the financial data, online advertising revenue in the third quarter of $58 million 360 thousand, an increase of 66.5%, growth of 14.8%. In Web-based Games Internet value-added services revenue for the quarter was $25 million 540 thousand, an increase of 110.8%, growth of 17.8%.
Zhou Hongyi said, has started commercial system to search the beta 360 a few weeks ago, I believe 360 search can become an important member of the search market.
Beijing morning news on November 20th, Qihoo 360 (NYSE:QIHU) today announced fiscal 2012 third quarter earnings. According to the reported financial data, Qihoo 360 in the third quarter revenue of $84 million 40 thousand, an increase of 77%. Net profit of $12 million 930 thousand, an increase of 18%. Qihoo 360 chairman and CEO Zhou Hongyi said, has started commercial search system on 360 beta.
is not in accordance with GAAP, Qihoo 360 and an operating margin fell, mainly due to the search and mobile Internet and other new business related spending.
expects the fourth quarter of 2012, operating income ranges from $93 million to $94 million, equivalent to an increase of about 49%-51%; expected full year 2012 operating income ranges from $319 million to $320 million, equivalent to an increase of.