Qihoo 360 Technology reported revenues of $376.4 million, a 100.3% increase from $187.9 million in the third quarter of 2013.
Total monthly active users of Qihoo 360’s PC-based products and services reached 495 million in September 2014, compared to 465 million in September 2013. User penetration of Qihoo 360’s PC-based products was 94% in September 2014, compared to 94% in September 2013.
Total smartphone users of Qihoo 360’s primary mobile security product, 360 Mobile Safe, reached a record of 673 million in September 2014, compared to 408 million in September 2013. In addition, Qihoo 360’s Android-based app store, 360 Mobile Assistant, continues to lead the market with the largest Android app distribution market share.
Monthly active users of Qihoo 360’s PC browsers were 357 million in September 2014, compared to 342 million in September 2013. User penetration of Qihoo 360’s PC browsers was 68% in September 2014, compared to 69% in September 2013.
Average daily unique visitors to the 360 Personal Start-up Page and its sub-pages were 129 million in the third quarter of 2014, compared to 126 million in the third quarter of 2013. Average daily clicks on Qihoo 360’s Personal Start-up Page and its sub-pages were approximately 723 million in the third quarter of 2014, compared to 681 million in the third quarter of 2013.
360 Search (so.com) takes 30% of PC search traffic share and continue to gain more according to Qihoo 360 Technology. And, 360 have started to allocate significantly more resources to support product development for and market penetration of their mobile search.
In Q3 2014, total transaction value of China search engine market was RMB16.45 billion ($2.67 billion) with increase of 11.7% quarter on quarter and 50.6% year on year according to data from iResearch. Read more here.
For the fourth quarter of 2014, the Company expects revenues to be between $410 million and $415 million, representing a year-over-year increase of 85% to 87% and quarter-over-quarter increase of 9% to 10%.
Find out more companies’ performance in Q3 2014 here.
