Sina Corp (SINA) Tops Q1 EPS by 5c, Beats on Revenues

Sina Corp (NASDAQ: SINA) reported Q1 EPS of $0.47, $0.05 better than the analyst estimate of $0.42. Revenue for the quarter came in at $440.75 million versus the consensus estimate of $433.32 million.

First Quarter 2018 Highlights

• Both net revenues and non-GAAP net revenues increased 59% year-over-year to $440.8 million and $438.1 million, respectively.
• Advertising revenues increased 61% year-over-year to $367.1 million.
• Non-advertising revenues increased 47% year-over-year to $73.7 million. Non-GAAP non-advertising revenues increased 50% year-over-year to $71.1 million.
• Income from operations increased 63% year-over-year to $73.3 million. Non-GAAP income from operations increased 49% year-over-year to $94.6 million.
• Net income attributable to SINA was $28.7 million, or $0.38 for diluted net income per share attributable to SINA's ordinary shareholders. Non-GAAP net income attributable to SINA was $35.2 million, or $0.47 for non-GAAP diluted net income per share attributable to SINA's ordinary shareholders.

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

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