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August 31, 2015 6:08 AM ET

Internet Software and Services

Company Overview of SouFun Holdings Ltd.

Company Overview

SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, as well as to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services. It also provides e-commerce services, including free and paid SouFun membership services comprising regular updates regarding local property developments, tours to visit property developments, other services relating to property purchases, offers to purchas...

F9M, Building 5

Zone 4, Hanwei International Plaza

No. 186 South 4th Ring Road

Fengtai District

Beijing,  100070

China

Founded in 1999

11,642 Employees

Phone:

86 10 5631 8000

Key Executives for SouFun Holdings Ltd.

SouFun Holdings Ltd. does not have any Key Executives recorded.

SouFun Holdings Ltd. Key Developments

SouFun Holdings Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revised Revenue Guidance for the Full Year of 2015

SouFun Holdings Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total revenues were $210,887,000 against $168,155,000 a year ago. Operating income was $22,312,000 against $81,736,000 a year ago. Income before income taxes and noncontrolling interests was $26,332,000 against $92,102,000 a year ago. Net income attributable to the company shareholders was $16,166,000 against $68,201,000 a year ago. Diluted earnings per share for Class A and Class B ordinary shares were $0.18 against $0.77 a year ago. Diluted earnings per ADS were $0.04 against $0.15 a year ago. Non-GAAP income from operations was $23,905,000 against $83,232,000 a year ago. Non-GAAP net income was $19,573,000 against $72,087,000 a year ago. Non-GAAP net income attributable to the company shareholders was $19,579,000 against $72,087,000 a year ago. Diluted non-GAAP earnings per share for Class A and Class B ordinary shares were $0.22 against $0.78 a year ago. Diluted non-GAAP earnings per ADS were $0.04 against $0.16 a year ago. Adjusted EBITDA was $28,425,000 against $87,706,000 a year ago. For the six months, total Revenue was $334,341,000 against $289,376,000 a year ago, representing an increase of 15.5% for the corresponding period in 2014, primarily driven by the growth in E-commerce services, partially offset by the decline in marketing services and listing services. Operating income was $29,788,000 against $131,255,000 a year ago. Income before income taxes and noncontrolling interests was $38,039,000 against $148,825,000 a year ago. Net income attributable to the company shareholders was $22,273,000 against $109,723,000 a year ago. Diluted earnings per share for Class A and Class B ordinary shares were $0.25 against $1.24 a year ago. Diluted earnings per ADS were $0.05 against $0.25 a year ago. Non-GAAP income from operations was $31,815,000 against $134,275,000 a year ago. Non-GAAP net income was $27,097,000 against $119,925,000 a year ago. Non-GAAP net income attributable to the company shareholders was $27,125,000 against $119,925,000 a year ago. Diluted non-GAAP earnings per share for Class A and Class B ordinary shares were $0.31 against $1.29 a year ago. Diluted non-GAAP earnings per ADS were $0.06 against $0.26 a year ago. Adjusted EBITDA was $39,696,000 against $142,522,000 a year ago. The company adjusts its revenue guidance for 2015 from $808.3 million, representing a year-on-year increase of 15%, to $843.4 million, representing a year-on-year increase of 20%. This forecast reflects the company's current and preliminary view, which is subject to change.

SouFun Holdings Ltd. to Report Q2, 2015 Results on Aug 07, 2015

SouFun Holdings Ltd. announced that they will report Q2, 2015 results at 8:00 AM, US Eastern Standard Time on Aug 07, 2015

SouFun Holdings Ltd., Q2 2015 Earnings Call, Aug 07, 2015

SouFun Holdings Ltd., Q2 2015 Earnings Call, Aug 07, 2015

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