Sina Corp (SINA) Tops Q3 EPS by 2c, Beats on Revenues

Sina Corp (NASDAQ: SINA) reported Q3 EPS of $0.77, $0.02 better than the analyst estimate of $0.75. Revenue for the quarter came in at $443.1 million versus the consensus estimate of $406.48 million.

Third Quarter 2017 Highlights

• Net revenues increased 61% year over year to $443.1 million. Non-GAAP net revenues increased 62% year over year to $440.5 million.
• Advertising revenues increased 56% year over year to $364.0 million.
• Non-advertising revenues increased 92% year over year to $79.2 million. Non-GAAP non-advertising revenues increased 98% year over year to $76.6 million.
• Income from operations increased 231% year over year to $120.3 million. Non-GAAP income from operations increased 157% year over year to $145.0 million. Non-GAAP operating margin was 33%, up from 21% for the same period last year.
• Net income attributable to SINA was $49.3 million, or $0.66 diluted net income per share attributable to SINA. Non-GAAP net income attributable to SINA was $57.7 million, or $0.77 non-GAAP diluted net income per share attributable to SINA.
• Weibo's monthly active users ("MAUs") had a net addition of approximately 79 million users year over year and reached 376 million in September 2017. Weibo\'s mobile MAUs represented 92% of Weibo's MAUs.
• Weibo\'s average daily active users ("DAUs") had a net addition of approximately 33 million users year over year and reached 165 million in September 2017.

For earnings history and earnings-related data on Sina Corp (SINA) click here.

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