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TheStreet Open House

Youku.com's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Youku.com, Inc. (YOKU)

Q2 2012 Earnings Call

August 6, 2012 9:00 p.m. EDT

Executives

Ryan Cheung – Corporate Finance Director

Victor Koo – Chairman and CEO

Dele Liu – President, Board Director

Michael Xu – CFO, SVP

Analysts

Jin Yoon – Nomura Holdings

Jiong Shao – Macquarie

Gene Munster – Piper Jaffray

Dick Wei – J.P. Morgan

Alicia Yap – Barclays Capital

Henry Guo – ThinkEquity

Long Lin – Brean Murray, Carret & Co.

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Q2 2012 Youku, Inc. earnings conference call.

[Operator Instructions]. I must advise you that this conference is being recorded today, August 6, 2012.

I would now like to hand the conference over to your speaker for today, Youku Corporate Finance Director, Mr. Ryan Cheung. Sir, please go ahead.

Ryan Cheung

Thank you, operator, and welcome to our second quarter 2012 earnings conference call. Let me introduce the management team on the call tonight. They are Chairman and CEO, Victor Koo; our Board Director and President, Dele Liu; and Michael Xu, our Chief Financial Officer and Senior Vice President.

For today's agenda, Victor will kick off with an overview of our performance in Q2, key updates and outlook. Dele will walk you through the planning and transition process relating to the pending merger with Tudou. Michael will discuss the second quarter financials and then we'll open the floor for questions.

As a reminder, the financial results and webcast of this conference call are all available at the Investor Relations section of the Youku website. A replay of the call will be available on our website in a few hours.

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