Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Hurray Q2 2008 Revenues Down 12.4%

Hurray Press Release, 8/21/08

Chinese wireless value-added service (WVAS) provider Hurray (Nasdaq: HRAY) has announced its unaudited financial results for Q2 2008, with net revenues reaching USD 12.8 mln, down 12.4% year-on-year and 3.7% quarter-on-quarter.

Net income for the quarter came to USD 1.6 mln, down 67% QoQ.

Wireless value-added services (WVAS) revenues were USD 9.2 mln, down 16.5% quarter-on-quarter and 27.9% year-on-year.

Recorded music revenues from its record label businesses were USD 3.6 mln, up 59.3% quarter-over-quarter and 95.4% year-over-year.

For the third quarter of 2008, Hurray expects its total consolidated revenues to be between USD 12 and USD 13 mln.

To see Hurray's full report, please click here.

Keywords: fiscal report profit revenue HRAY Hurray Q2 2008 wireless WVAS


Please note, all fields are required.
None of your personal information will be shared with third parties.


Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports