Ku6 Media Reports Unaudited Financial Results for the First Quarter of Fiscal Year 2013

Ku6 Media Reports Unaudited Financial Results for the First Quarter of Fiscal
                                  Year 2013

PR Newswire

BEIJING, May 28, 2013

BEIJING, May 28, 2013 /PRNewswire/ -- Ku6 Media Co., Ltd. ("Ku6 Media" or the
"Company," NASDAQ: KUTV), a leading internet video company focused on User
Generated Content ("UGC") in China, today announced unaudited financial
results for the first quarter of fiscal year 2013, ended March 31, 2013.

First Quarter 2013 Highlights ^(1)

  oThe Company generates substantially all of its revenues from online
    advertising, primarily through an advertising agency agreement with
    Shengyue, an affiliate wholly owned by Shanda Interactive, pursuant to
    which Shengyue acts as the Company's exclusive advertising agency for
    standard media resources and as its non-exclusive advertising agency for
    highly interactive advertising resources.
  oGAAP net loss was US$1.67 million (RMB10.38 million), as compared to a net
    loss of US$2.98 million in the fourth quarter of 2012 and US$1.79 million
    in the first quarter of 2012. Non-GAAP net loss, which the Company defines
    as net loss excluding expenses (benefits) associated with share-based
    compensation, was US$2.32 million (RMB14.40 million) in the first quarter
    of 2013, as compared to non-GAAP net loss of US$2.96 million in the fourth
    quarter of 2012 and US$1.28 million in the first quarter of 2012.
  oBasic and diluted loss per ADS was US$0.04 (RMB0.22) in the first quarter
    of 2013, as compared to US$0.06 in the fourth quarter of 2012 and US$0.04
    in the first quarter of 2012.
  oCash and cash equivalents were US$10.81 million (RMB67.15 million) as of
    March 31, 2013.
  oNet cash used in operating activities was US$2.27 million (RMB14.10
    million) in the first quarter of 2013, as compared to US$3.68 million in
    the fourth quarter of 2012 and US$1.07 million in the first quarter of
    2012.

(1)The reporting currency of the Company is the United States dollar ("U.S.
dollar"), but solely for the convenience of the reader, the amounts of
Renminbi ("RMB") presented throughout the release were calculated at the rate
of US$1.00=RMB6.2108, representing the noon buying rate as of March 29, 2013
in the City of New York for cable transfers of RMB as certified for customs
purposes by the Federal Reserve Bank of New York. This convenience translation
is not intended to imply that the U.S. dollar amounts could have been, or
could be, converted, realized or settled into RMB at that rate on March 29,
2013, or at any other rate.

"I am pleased to announce our first quarter 2013 earnings release." Mr. Jeff
Shi, Chief Executive Officer of Ku6 Media, commented, "In first quarter 2013,
we enhanced our infrastructure and product design, improved our key technology
and product index tremendously. The credit went to our entire technology and
product team. As Mr. Kelvin Liu and Mr. Jian Lu joined Ku6 as the President
and Chief Technology Officer respectively in April, with the strongly enhanced
team, I believe our product design and user experience will get into another
level in the near future.

At the same time, we have continuously being focused on our UGC strategy. Our
contracted content production team reached a new high, had over 30,000 people
as of the end of the first quarter. On top of that, since we expanded our
mobile product portfolio in 2012, we have seen a big progress in mobile market
already. "

First Quarter 2013 Financial Results

Total revenues were US$3.07 million (RMB19.06 million) in the first quarter of
2013, representing a decrease of 8.4% from US$3.35 million in the fourth
quarter of 2012 and a decrease of 34.4% from US$4.68 million in the first
quarter of 2012.

In the second quarter of 2011, the Company started to generate advertising
revenues primarily from performance advertising services using a system called
Application Advertisement ("AA"). The performance advertising revenue was
realized through an affiliated advertising agent which is under common control
of Shanda Interactive Entertainment Limited, the Company's majority
shareholder. The Company generated 95.8% of total revenues in the first
quarter of 2013 through this affiliated advertising agent, as compared to
87.5% of total revenues in the fourth quarter of 2012.

Cost of revenues was US$3.13 million (RMB19.46 million) in the first quarter
of 2013, representing a decrease of 16.5% from US$3.75 million in the fourth
quarter of 2012 and a decrease of 11.3% from US$3.53 million in the first
quarter of 2012.

Gross loss  was US$0.07 million (RMB0.40 million) in the first quarter of
2013, as compared to a gross loss of US$0.40 million in the fourth quarter of
2012 and a gross profit of US$1.15 million in the first quarter of 2012.
Non-GAAP gross loss,  which is herein defined as a gross loss excluding
expenses (benefits) associated with share-based compensation, was US$0.26
million (RMB1.63 million) in the first quarter of 2013, as compared to a
non-GAAP gross loss of US$0.33 million in the fourth quarter of 2012 and a
non-GAAP gross profit of US$1.24 million in the first quarter of 2012. The
decrease in gross loss as compared to the fourth quarter of 2012 was primarily
due to the benefit recorded in 2013 for the reversal of share-based
compensation expenses previously recorded, due to changes in the likelihood of
achieving performance targets related to profitability for performance-based
stock option awards. As the Company's performance-based stock option awards
are tied to whether or not net profits are expected to be generated during the
related performance periods, changes in the expected timing of generation of
future profits may trigger adjustments to share-based compensation expenses
previously recorded.

Operating expenses were US$2.27 million (RMB14.09 million) in the first
quarter of 2013, representing a decrease of 28.3% from US$3.17 million in the
fourth quarter of 2012 and a decrease of 19.7% from US$2.82 million in the
first quarter of 2012. Non-GAAP operating expenses, which is herein defined as
operating expenses excluding expenses (benefits) associated with share-based
compensation, were US$2.72 million (RMB16.89 million) in the first quarter of
2013, as compared to non-GAAP operating expenses of US$3.21 million in the
fourth quarter of 2012 and US$2.41 million in the first quarter of 2012. The
decrease in operating expenses as compared to the fourth quarter of 2012 was
mainly attributable to the benefit recorded in 2013 for the reversal of
share-based compensation expenses previously recorded, due to changes in the
likelihood of achieving performance targets related to profitability for
performance-based stock option awards, as well as lower amounts of sales and
marketing expenses.

Operating loss was US$2.33 million (RMB14.50 million) in the first quarter of
2013, representing an decrease of 34.5% from US$3.57 million in the fourth
quarter of 2012 and an increase of 39.3% from US$1.68 million in the first
quarter of 2012. Non-GAAP operating loss, which reflects the exclusion of
expenses (benefits) associated with share-based compensation, was US$2.98
million (RMB18.51 million) in the first quarter of 2013, as compared to the
non-GAAP operating loss of US$3.55 million in the fourth quarter of 2012 and
US$1.17 million in the first quarter of 2012.

Net loss was US$1.67 million (RMB10.38 million) in the first quarter of 2013,
representing a decrease of 43.9% from US$2.98 million in the fourth quarter of
2012 and a decrease of 6.5% from US$1.79 million in the first quarter of 2012.
Non-GAAP net loss, which reflects the exclusion of expenses (benefits)
associated with share-based compensation, was US$2.32 million (RMB14.40
million) in the first quarter of 2013, as compared to US$2.96 million in the
fourth quarter of 2012 and US$1.28 million in the first quarter of 2012. The
decrease in net loss as compared to the fourth quarter of 2012 was primarily
attributable to (1) a US$0.65 million (RMB4.02 million) benefit recorded for
the reversal of share-based compensation expenses previously recorded, due to
changes in the likelihood of achieving performance targets related to
profitability for performance-based stock option awards, (2) a US$0.42 million
(RMB2.59 million) decrease in marketing and promotions expenses, and (3) a
US$0.17 million (RMB1.04 million) net increase in miscellaneous other income
recognised in the first quarter of 2013. Other income for the first quarter of
2013 mainly included a US$0.31 million (RMB 1.91 million) write-off of sales
rebate payables related to the Company's previous advertising sales model aged
more than three years for which settlement was judged to be remote based upon
the Company's policies and past settlement experience. Other income for the
first quarter of 2013 also included reimbursements related to the ADR program
from the Company's depositary and rental income.

Net loss per basic and diluted ADS was US$0.04 (RMB0.22) in the first quarter
of 2013, as compared to US$0.06 in the fourth quarter of 2012 and US$0.04 in
the first quarter of 2012. Weighted average ADSs used to calculate basic and
diluted net loss per ADS were 47.3 million in the first quarter of 2013, 47.4
million in the fourth quarter of 2012 and 50.2 million in the first quarter of
2012.

Adjusted EBITDA loss, which is herein defined as net loss attributable to Ku6
Media before interest income, interest expenses, income taxes, depreciation
and amortization (excluding amortization and write-down of licensed video
copyrights), further adjusted for share-based compensation expenses
(benefits), equity in loss of affiliates and other non-operating items, was
US$2.04 million (RMB12.70 million) in the first quarter of 2013, as compared
to adjusted EBITDA loss of US$2.60 million in the fourth quarter of 2012 and
US$0.34 million in the first quarter of 2012.

As of March 31, 2013, the Company had US$10.81 million (RMB67.15 million) in
cash and cash equivalents, compared to US$13.07 million as of December 31,
2012. The decrease was primarily attributable to a US$2.27 million (RMB14.10
million) net cash used in operating activities, as a result of a net loss of
US$1.67 million (RMB10.38 million) in the first quarter of 2013.

Recent Business Developments

Ku6 Media Announces Management Change

In April 2013, Mr. Kelvin Wenbo Liu joined the Company as President and Mr.
Jian Lu was appointed as the Company's Chief Technology Officer. Their bios
can be found in the press release on Ku6's website.

Ranked No.1 Among the Most Influential Video Websites in Terms of UGC by
KY-Research

In February 2013, the Company was ranked No.1 among the most influential video
websites in terms of user-generated content in China in a research report
published by KY-Research.com, a well-known market research institution in
China. According to KY-Research's report, the research was conducted based on
three major indexes: search results on search engine websites, content quoted
by seven major portal websites and content quoted by peer websites.

Share Repurchase Program of 2011

Pursuant to a share repurchase program announced on December 30, 2011, the
Company's Board of Directors have authorized the Company to repurchase up to
an aggregate of US$3.2 million of its outstanding ADSs from time to time
following the date thereof, based on market conditions. As of March 31, 2013,
the Company has repurchased 140,205 ADSs from open market under this program.

Conference Call Information

Ku6's management team will be hosting a corresponding conference call at
9:00am EDT on Tuesday, May 28, 2013 (9:00pm Beijing time on the same day).

Dial-in numbers:   

International Dial-in Number:       +65 67239381
United States Toll Free Number:         18665194004
Mainland China Toll Free Number:        4006208038 / 8008190121
Hong Kong Toll Free Number: 800930346
Conference ID:                          73720552

A replay will be available from 11:00am May 28, 2013 EDT for 7 days.

International Dial-in Number:     +61 2 8199 0299
United States Toll Free Number:       18554525696
Mainland China Toll Free Number:      4001200932 / 8008700205

Hong Kong Toll Free Number:           800963117
Conference ID:                        73720552

A live and archived webcast of the conference call will also be available at
http://www.media-server.com/m/p/9iyv7u87

About Ku6 Media Co., Ltd.

Ku6 Media Co., Ltd. (NASDAQ: KUTV) is a leading internet video company in
China focused on User -Generated Content ("UGC"). Through its premier online
brand and online video website,www.ku6.com, Ku6 Media provides online video
uploading and sharing service, video reports, information and entertainment in
China. For more information about Ku6 Media, please visithttp://ir.ku6.com.

Forward-looking Statements

This news release contains statements of a forward-looking nature. These
statements are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. You can identify these
forward-looking statements by terminology such as "believes," "could,"
"expects," "may," "might," "should," "will," or "would," and by similar
statements. Forward-looking statements are not historical facts, but instead
represent only the Company's beliefs regarding future events, many of which,
by their nature, are inherently uncertain and outside of its control. It is
possible that the Company's actual results and financial condition may differ,
possibly materially, from the anticipated results and financial condition
indicated in these forward-looking statements. Some of the risks and important
factors that could affect the Company's future results and financial condition
include: continued competitive pressures in China's internet video portal
market; changes in technology and consumer demand in this market; the risk
that Ku6 Media may not be able to control its expenses in the future;
regulatory changes in China with respect to the operations of internet video
portal websites; the success of Ku6 Media's ability to sell advertising and
other services on its websites; and other risks outlined in the Company's
filings with the Securities and Exchange Commission,including the Company's
annual report on Form 20-F. Ku6 Media does not undertake any obligation to
update this forward-looking information, except as required under law.

About Non-GAAP Financial Measures

To supplement Ku6 Media's consolidated financial results presented in
accordance with United States Generally Accepted Accounting Principles
("GAAP"), Ku6 Media uses the following measures defined as non-GAAP financial
measures by the SEC in evaluating its business: non-GAAP gross profit or loss,
non-GAAP operating expenses, non-GAAP product development expenses, non-GAAP
sales and marketing expenses, non-GAAP general and administrative expenses,
non-GAAP operating loss, non-GAAP net loss and adjusted EBITDA loss. We
define non-GAAP gross profit or loss, non-GAAP operating expenses, non-GAAP
product development expenses, non-GAAP sales and marketing expenses, non-GAAP
general and administrative expenses, non-GAAP operating loss and non-GAAP net
loss as the respective nearest comparable GAAP financial measure excluding
expenses (benefits) associated with share-based compensation. We define
adjusted EBITDA loss as net loss attributable to Ku6 Media before interest
income, interest expenses, income taxes, depreciation and amortization
(excluding amortization and write-down of licensed video copyrights), further
adjusted for share-based compensation expenses (benefits), equity in loss of
affiliates and other non-operating items. We present non-GAAP financial
measures because they are used by our management to evaluate our operating
performance. We also believe that these non-GAAP financial measures provide
useful information to investors and others in understanding and evaluating our
consolidated results of operations in the same manner as our management and in
comparing financial results across accounting periods and to those of our peer
companies.A limitation of using non-GAAP financial measures is that non-GAAP
measures exclude share-based compensation charges that have been and will
continue to be significant recurring expenses inKu6 Media's business for the
foreseeable future.

The presentation of these non-GAAP financial measures is not intended to be
considered in isolation from, or as a substitute for, the financial
information prepared and presented in accordance with GAAP. For more
information on these non-GAAP financial measures, please see the table
captioned "Reconciliations of non-GAAP results of operations measures to the
nearest comparable GAAP financial measures" at the end of this release.





Ku6 Media Co., Ltd.
Consolidated Balance Sheets
                                                       March 31,   March 31,
                                          December 31,
(Amounts in thousands,                    2012         2013        2013

except for number of shares)              US$          US$         RMB

                                                       (Unaudited) (Unaudited)
ASSETS
Current assets:
Cash and cash equivalents                 13,071       10,811      67,145
Accounts receivable, net                  67           5           31
Accounts receivable due from related      4,399        5,701       35,408
parties
Prepaid expenses and other current assets 523          362         2,248
Other receivables due from related        6,097        2,710       16,831
parties
Total current assets                      24,157       19,589      121,663
Non-current assets:
Deposits                                  310          311         1,932
Property and equipment, net               2,918        2,434       15,117
Acquired intangible assets, net           22,552       22,162      137,644
Goodwill                                  6,233        6,233       38,712
Total non-current assets                  32,013       31,140      193,405
TOTAL ASSETS                              56,170       50,729      315,068
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable                          4,645        5,009       31,110
Accrued expenses and other current        9,353        9,351       58, 077
liabilities
Other payables due to related parties     3,780        375         2,329
Total current liabilities                 17,778       14,735      91,516
Non-current deferred tax liabilities      4,826        4,826       29,973
Total liabilities                         22,604       19,561      121,489
Shareholders' equity:
Ordinary shares (US$0.00005 par value;
 12,000,000,000 shares authorized;
4,732,446,560
 shares and 4,728,384,560 shares       236          236         1,466
issued and
 outstanding as of December 31, 2012
and March
 31, 2013, respectively)
Additional paid-in capital                177,183      176,496     1,096,181
Accumulated deficit                       (141,940)    (143,612)   (891,945)
Accumulated other comprehensive loss      (1,913)      (1,952)     (12,123)
Total Ku6 Media Co., Ltd. shareholders'   33,566       31,168      193,579
equity
Non-controlling interests                 -            -           -
Total shareholders' equity                33,566       31,168      193,579
TOTAL LIABILITIES AND SHAREHOLDERS'       56,170       50,729      315,068
EQUITY



Ku6 Media Co., Ltd.

Consolidated Statements of Operations


                       For the Three Months Ended
(Amounts in thousands, March 31,     December 31,                March 31,
except for number of                               March 31,
shares and ADS and per 2012          2012          2013          2013
share and per ADS
data)                  US$           US$           US$           RMB
                       (Unaudited)         (Unaudited)   (Unaudited)
                                     (Unaudited)
Revenues:
Advertising
Third parties          895           419           129           801
Related parties        3,785         2,931         2,939         18,254
Total revenues         4,680         3,350         3,068         19,055
Cost of revenues:
Advertising
Third parties          3,531         3,750         3,133         19,459
Related parties        -             -             -             -
Total cost of revenues 3,531         3,750         3,133         19,459
Gross profit (loss)    1,149         (400)         (65)          (404)
Operating expenses:
Product development    579           563           351           2,180
Sales and marketing    369           797           300           1,863
General and            1,876         1,805         1,618         10,049
administrative
Total operating        2,824         3,165         2,269         14,092
expenses
Operating loss         (1,675)       (3,565)       (2,334)       (14,496)
Interest income        171           158           30            186
Other income           -             481           648           4,025
Interest expenses      (237)         (55)          (16)          (99)
Equity in loss of      (48)          -             -             -
affiliates
Loss before income tax (1,789)       (2,981)       (1,672)       (10,384)
expense
Income tax benefit     -             -             -             -
Net loss               (1,789)       (2,981)       (1,672)       (10,384)
Loss per share - basic
and diluted
Net loss               (US$0.00)     (US$0.00)     (US$0.00)     (RMB0.00)
Loss per ADS - basic
and diluted
Net loss               (US$0.04)     (US$0.06)     (US$0.04)     (RMB0.22)
Weighted average                                              
shares used in per
share calculation  -                                          
basic and diluted
                       5,019,786,036 4,735,357,337 4,731,798,773 4,731,798,773
Weighted average ADSs                                          
used in per ADS
calculation  -  basic  50,197,860                              
and diluted
                                     47,353,573    47,317,988    47,317,988



Ku6 Media Co., Ltd.

Consolidated Statements of Cash Flows


                              For the Three Months Ended
                              March 31,   December 31, March 31,   March 31,
(Amounts in thousands)                                 2013
                              2012        2012                     2013
                              US$         US$          US$         RMB
                              (Unaudited)      (Unaudited) (Unaudited)
                                          (Unaudited)
Cash flows from operating
activities:
Net loss                      (1,789)     (2,981)      (1,672)     (10,384)
Adjustments to reconcile net
loss to net cash used in
operating activities:
Share-based compensation      509         20           (647)       (4,018)
expenses (benefits)
Depreciation and amortization 825         947          937         5,819
Amortization and write-down   1           -            -           -
of licensed video copyrights
Bad debt reversal             (1,359)     (53)         (97)        (602)
Exchange gain                 (5)         (59)         (46)        (286)
Equity in loss of affiliates  48          -            -           -
Loss (gain) on disposal of    1           49           (13)        (81)
property and equipments
Changes in assets and
liabilities, net of
acquisitions and
dispositions:
Accounts receivable           2,048       (23)         152         944
Prepaid expenses and other   266         215          161         1,000
current assets
Amount due from related       (1,834)     (1,144)      (1,215)     (7,546)
parties
Accounts payable              (1,522)     (104)        365         2,267
Accrued expenses and other   1,742       (605)        (2)         (12)
current liabilities
Amount due to related parties -           55           (194)       (1,205)
Net cash used in operating    (1,069)     (3,683)      (2,271)     (14,104)
activities
Cash flows from investing
activities:
Purchases of property and     (152)       (5)          (41)        (255)
equipment
Proceeds from disposal of     -           1            -           -
property and equipments
Payments for licensed video   (140)       -            -           -
copyrights
Loans to related parties
under common control by       (470)       -            -           -
Shanda
Repayment of loans to related                                    
parties under common control  -
by Shanda                                 4,300        3,300       20,496
Net cash provided by (used    (762)       4,296        3,259       20,241
in) investing activities
Cash flows from financing
activities:
Repurchase of ordinary shares -           (87)         (41)        (255)
Repayment of loans from                                         
related parties under common
control of Shanda             (3,136)     -            (3,210)     (19,936)
Net cash used in financing    (3,136)     (87)         (3,251)     (20,191)
activities
Effect of exchange rate
changes on cash and cash      2           -            3           18
equivalents
Net increase (decrease) in    (4,965)     526          (2,260)     (14,036)
cash and cash equivalents
Cash and cash equivalents,    26,751      12,545       13,071      81,181
beginning of period
Cash and cash equivalents,    21,786      13,071       10,811      67,145
end of period



Reconciliations of Non-GAAP results of operations measures to the nearest
comparable GAAP financial measures (*)

(Amounts in thousands of United States dollars ("US$") and Renminbi ("RMB"),
unaudited)

1.Non-GAAP Gross Profit (Loss)

                                 FortheThreeMonthsEnded
                                 March31,  December31,  March31,  March31,
                                 2012       2012          2013       2013
                                 US$        US$           US$        RMB
Gross profit (loss)              1,149      (400)         (65)       (404)
Add back: expenses (benefits)
associated with share-based      95         68            (197)      (1,223)
compensation
Non-GAAP gross profit (loss)     1,244      (332)         (262)      (1,627)

2.Non-GAAP Operating Expenses

                                 FortheThreeMonthsEnded
                                 March31,  December31,  March31,  March31,
                                 2012       2012          2013       2013
                                 US$        US$           US$        RMB
Operating expenses               2,824      3,165         2,269      14,092
                                 
Deduct: expenses (benefits)
associated with share-based                (48)          (450)      (2,795)
compensation
                                 414
Non-GAAP operating expenses      2,410      3,213         2,719      16,887

3.Non-GAAP Product Development Expenses

                                 FortheThreeMonthsEnded
                                 March31,  December31,  March31,  March31,
                                 2012       2012          2013       2013
                                 US$        US$           US$        RMB
Product development expenses     579        563           351        2,180
Deduct: expenses (benefits)
associated with share-based      59         40            (161)      (1,000)
compensation
Non-GAAP product development     520        523           512        3,180
expenses

4.Non-GAAP Sales and Marketing Expenses

                                 FortheThreeMonthsEnded
                                 March31,  December31,  March31,  March31,
                                 2012       2012          2013       2013
                                 US$        US$           US$        RMB
Sales and marketing expenses     369        797           300        1,863
Deduct: expenses (benefits)
associated with share-based      29         20            (60)       (373)
compensation
Non-GAAP sales and marketing     340        777           360        2,236
expenses

5.Non-GAAP General and Administrative Expenses

                                 FortheThreeMonthsEnded
                                 March31,  December31,  March31,  March31,
                                 2012       2012          2013       2013
                                 US$        US$           US$        RMB
General and administrative       1,876      1,805         1,618      10,049
expenses
                                 
Deduct: expenses (benefits)
associated with share-based                (108)         (229)      (1,422)
compensation
                                 326
Non-GAAP general and             1,550      1,913         1,847      11,471
administrative expenses

6.Non-GAAP Operating Loss

                                 FortheThreeMonthsEnded
                                 March31,  December31,  March31,  March31,
                                 2012       2012          2013       2013
                                 US$        US$           US$        RMB
Operating loss                   (1,675)    (3,565)       (2,334)    (14,496)
                                 
Add back: expenses (benefits)
associated with share-based                20            (647)      (4,018)
compensation
                                 509
Non-GAAP operating loss          (1,166)    (3,545)       (2,981)    (18,514)

7.Non-GAAP Net Loss

                                 FortheThreeMonthsEnded
                                 March31,  December31,  March31,  March31,
                                 2012       2012          2013       2013
                                 US$        US$           US$        RMB
Net loss                         (1,789)    (2,981)       (1,672)    (10,384)
                                 
Add back: expenses (benefits)
associated with share-based                20            (647)      (4,018)
compensation
                                 509
Non-GAAP net loss                (1,280)    (2,961)       (2,319)    (14,402)

8. Adjusted EBITDA Loss

                            FortheThreeMonthsEnded
                            March31,    December31,     March31,  March31,
                            2012         2012             2013       2013
                            US$          US$              US$        RMB
Net loss                    (1,789)      (2,981)          (1,672)    (10,384)
Add back (deduct):
Interest income             (171)        (158)            (30)       (186)
Interest expenses           237          55               16         99
Income tax benefit          -                          -  -          -
Depreciation and
amortization (excluding
amortization and            825          947              937        5,819
write-down of licensed
video copyrights)
EBITDA loss                 (898)        (2,137)          (749)      (4,652)
Adjustments:
Share-based compensation    509          20               (647)      (4,018)
Equity in loss of           48           -                -          -
affiliates
Other income                -            (481)            (648)      (4,025)
Adjusted EBITDA loss        (341)        (2,598)          (2,044)    (12,695)
* For more information on the Non-GAAP financial measures, please see the
section captioned "About Non-GAAP Financial Measures" in the earnings release.

SOURCE Ku6 Media Co., Ltd.

Website: http://www.ku6.com/
Website: http://www.media-server.com/m/p/9iyv7u87
Website: http://ir.ku6.com
Contact: Ms. Helen Zou, Investor Relations Director, +86 10 5758 6835,
ir@ku6.com
 
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