UPDATE: Youku Q2 Revenue Up 96%

Youku.com YOKU reported a strong rise in its second-quarter revenue. Youku's quarterly revenue surged 96% y/y to $61.0 million. Number of advertisers climbed to 283 from 260 dusring the quarter. Youku posted a quarterly net loss of $9.9 million in the same period. Youku shares closed at $16.37 on Friday.