Qihoo 360 Technology Co. Ltd. revenues were $317.9 million in the second quarter of 2014, a 109.6% increase from $151.7 million in the second quarter of 2013 according to Qihoo 360 unaudited financial results.
Total monthly active users of Qihoo 360’s PC-based products and services reached a record of 496 million in June 2014, compared to 461 million in June 2013. User penetration of Qihoo 360’s PC-based products was 93.9% in June 2014, compared to 96% in June 2013.
Total smartphone users of Qihoo 360’s primary mobile security product reached a record of 641 million in June 2014, compared to 338 million in June 2013.
We delivered another quarter of strong growth and solid operational metrics,
said Mr. Hongyi Zhou, Chairman and Chief Executive Officer of Qihoo 360.
As we maintain our leadership position in key PC-related product categories, we are making a significant transition to the ever more-important mobile Internet market. The number of Chinese smartphone users of our key mobile security product, 360 Mobile Safe, reached 641 million in the second quarter, further strengthening our indisputable leadership position in Internet security in China. In addition, our Android-based app store, 360 Mobile Assistant, continues to lead the market with the largest Android app distribution market share. We intend to continue to invest significant resources in the fast-growing mobile Internet market for the foreseeable future.
A few days ago, our share of Internet search traffic reached over 30% according to third-party data, achieving our year-end target four months ahead of schedule. As we continue to claim higher market share in PC search, we intend to allocate significantly more resources to support product development and market penetration of our mobile search. Through continued product improvement and technological innovation, we believe we are in an excellent position to further grow our share of China’s search market in both PC and mobile traffic and revenue.
For the third quarter of 2014, Qihoo 360 expects revenues to be between $360 million and $365 million, representing a year-over-year increase of 92% to 94% and quarter-over-quarter increase of 13% to 15%.
Find performance of other China internet companies in Q2 2014 here.
Source: 360.cn