58.com (WUBA) Posts Q2 Loss of 19c/ADS

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Go back to 58.com (WUBA) Posts Q2 Loss of 19c/ADS

58.com to Attend Upcoming Conferences in August and September 2015

August 19, 2015 11:00 PM EDT

BEIJING, Aug. 19, 2015 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com"), China's largest online marketplace serving local merchants and consumers, today announced that it will meet with institutional investors at the following upcoming investor conferences in August and September 2015:

On August 24-26, 58.com will meet with investors at the Morgan Stanley China Internet & E-Commerce Conference at the Four Seasons Hotel in... More

58.com Reports Second Quarter 2015 Unaudited Financial Results

August 19, 2015 8:00 PM EDT

BEIJING, Aug. 19, 2015 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online marketplace serving local merchants and consumers, today reported its unaudited financial results for the second quarter ended June 30, 2015.

Second Quarter 2015 Financial Highlights

Total revenues were US$159.5 million, a 147.1% increase from the same quarter last year; exceeding guidance of US$145.0 to US$150.0 million. Gross margin was 93.7%, compared with 94.7% during the same quarter of 2014. Net loss attributable to 58.com Inc. was US$26.9 million, compared with net income... More