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May 22, 2015 10:18 AM ET

Internet Software and Services

Company Overview of Qihoo 360 Technology Co. Ltd.

Company Overview

Qihoo 360 Technology Co. Ltd., through its subsidiaries, provides Internet services in the People's Republic of China. The company operates through Internet Services and Others segments. It offers various Internet security products, including 360 Safe Guard, a one-stop solution for PC Internet security and system optimization; 360 Anti-Virus, an anti-virus application that uses multiple scan engines to protect users’ computers against various kinds of malware; and 360 Mobile Safe, a security program for the Google Android, Apple iOS, and Windows Phone smartphone operating systems. The company also offers 360 Safe Browser and 360 Speed Browser, which are based on dual-core technologies and pr...

Building No. 2

6 Jiuxianqiao Road

Chaoyang District

Beijing,  100015

China

Founded in 2005

5,738 Employees

Phone:

86 10 5878 1000

Fax:

86 10 5682 2000

Key Executives for Qihoo 360 Technology Co. Ltd.

Qihoo 360 Technology Co. Ltd. does not have any Key Executives recorded.

Qihoo 360 Technology Co. Ltd. Key Developments

Qihoo 360 Technology Co. Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Qihoo 360 Technology Co. Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenues were $384.4 million, representing an increase of 45.0% from $265.1 million in the first quarter of 2014. The strong year-over-year growth was due to solid performance in both online advertising and Internet value-added services. Search and mobile monetization continued to ramp nicely, despite seasonal headwinds. Operating income was $75.9 million compared to $39.6 million in the first quarter of 2014. Non-GAAP operating income was $96.5 million, compared to $59.5 million in the first quarter of 2014. Net income attributable to Qihoo 360 was $53.0 million, compared to $49.1 million in the first quarter of 2014. Non-GAAP net income attributable to Qihoo 360 was $81.9 million compared to $73.3 million in the first quarter of 2014. Net income per ordinary share-diluted was $0.27 against $0.25 a year ago. Income before income tax expense and loss from equity method investments was $69,933,000 against $55,829,000 a year ago. Net cash generated from operations was $72.9 million, compared to $100.5 million in the same period last year and of $138.9 million in the prior quarter. Cash capital expenditures were $35.7 million. Purchase of property and equipment and intangible assets was $69,547,000 compared to $35,732,000 in the same period last year. Non-GAAP diluted EPADS attributable to Qihoo 360 was $0.57, compared to $0.54 in the same period last year. Diluted earnings per ADS attributable to Qihoo 360 were $0.41, compared to $0.37 in the same period last year. Adjusted EBITDA, which excludes share-based compensation, was $124 million in First Quarter 2015. For the second quarter of 2015, the company expects revenues to be between $435 million and $445 million, representing a year-over-year increase of 37% to 40% and quarter-over-quarter increase of 13% to 16%.

Qihoo 360 Technology Co. Ltd. to Report Q1, 2015 Results on May 19, 2015

Qihoo 360 Technology Co. Ltd. announced that they will report Q1, 2015 results at 5:00 PM, China Standard Time on May 19, 2015

Qihoo 360 Technology Co. Ltd., Q1 2015 Earnings Call, May 20, 2015

Qihoo 360 Technology Co. Ltd., Q1 2015 Earnings Call, May 20, 2015

Recent Private Companies Transactions

Type
Date
Target
Buyback
March 10, 2015
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Buyback
October 1, 2014
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Private Placement
September 3, 2014
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