SouFun Holdings Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, total revenues were $91,034,000 against $58,490,000 for the same period in the last year. Operating income was $37,212,000 against $14,211,000 for the same period in the last year. Income before income taxes and noncontrolling interests was $40,077,000 against $16,442,000 for the same period in the last year. Net income attributable to the company’s shareholders was $28,409,000 or $0.34 per diluted share against $14,534,000 or $0.18 per diluted share for the same period in the last year. Non-GAAP income from operations was $38,975,000 against $15,473,000 for the same period in the last year. Non-GAAP net income was $33,254,000 against $14,179,000 for the same period in the last year. Non-GAAP net income attributable to the company shareholders was $33,219,000 or $0.40 per Class A and Class B ordinary shares against $14,179,000 or $0.17 per Class A and Class B ordinary shares for the same period in the last year. Non-GAAP EBITDA was $40,896,000 against $17,445,000 for the same period in the last year. The company’s reported total revenues for the first quarter of 2013, represent an increase of 55.6% from the corresponding period in 2012, primarily driven by the growth in the company’s membership services and listing services. Operating income increased 161.9% from the corresponding period in 2012, driven by the revenue growth and effective cost control. Cash flow from operating activities was $59.8 million for the first quarter of 2013, a 127.1% increase from $26.3 million for the same period in 2012. The company raised its total revenue guidance for 2013 from between $516.0 million and $527.0 million to between $527.0 million and $538.0 million, or from a year-over-year increase of between 20.0% and 22.5% to between 22.5% and 25.0%, despite uncertainties in China's property market. This forecast reflects the company's current and preliminary view, which is subject to change.

SouFun Holdings Ltd., Q1 2013 Earnings Call, May 08, 2013

SouFun Holdings Ltd. announced that they will report Q1, 2013 results at 9:00 AM, China Standard Time on May 08, 2013