Qin Q1 net income more than expected in 2015, up 11.8% from a year earlier

net qin today released the first quarter of 2015 without the audit results. As of March 31, 2015, the first quarter of fiscal 2015 net income of $89.2 million, compared with revenues of $79.8 million over the same period of last year, up 11.8%, the average monthly active users to 175.4 million, covering thorn (Showself), NQ Live music and radar, etc. The user account.

2015 in the first quarter’s earnings grew 11.8%

in the first quarter of 2015 revenue of $89.2 million, more than the previous earnings outlook of between $8500 and $86 million, compared with revenues of $79.8 million over the same period of last year, up 11.8%.

which comes from the mobile games and mobile social live video platform of revenue growth, partially offset the decline of mobile security business income. Mobile gaming revenues increased by 76.7% over the previous year, this is mainly due to the crystal water games in the rapid expansion of domestic and overseas markets. In addition, xiuse mobile social video broadcast business directly led to the rapid growth of the revenue increase.

advertising revenue of $17.5 million, compared with $16.8 million over the same period last year growth of 4.3%. Revenue increased thanks to continue to promote the commercialization of the operation, it mainly through from wempe and sail yue advertising business, and success of the third party applications diversion.

in addition, the mobile application business revenue of $46 million, compared with $34.4 million over the same period last year growth of 33.6%, thanks to the company’s high quality apple product distribution channels, as the apple in the last quarter of 2014 released a few new products on the market, resulting in increased seasonal sales, led to the revenue rise sharply this quarter.

Future

results is 2015 net revenue growth for the whole year nearly 40%

results show that, the company expects full-year 2015 net revenue will be between $455 million and $460 million, more than 2014 annual growth of 36.9% to 36.9%. In the second quarter of 2015 net revenue is expected to be between $102 million and $103 million, compared with the same period last year growth of 25.0% to 26.2%.

net qin, chairman and chief operating officer and acting chief financial officer Shi Wenyong said: “the company’s performance in the first quarter is encouraging, the management team has been committed to execute their strategy and opened a good start to 2015. Company revenue to maintain strong growth, at the same time, we also see based on the flow rate of mobile entertainment business efforts to enhance business value is beginning to show results. We look forward to in the future, better able to adhere to and implement the existing strategy, through continuous efforts to achieve success.”

in addition, the results also revealed other major matters, including the board of directors announced the appointment of Mr Xu Zemin CEO for the company, to take effect on May 1, 2015.