Sina Corp (SINA) Tops Q1 EPS by $1.14, Revenues Beat

Sina Corp (NASDAQ: SINA) reported Q1 EPS of $1.21, $1.14 better than the analyst estimate of $0.07. Revenue for the quarter came in at $435.05 million versus the consensus estimate of $385.62 million.

First Quarter 2020 Highlights

• Net revenues decreased 8% year-over-year to $435.1 million. Non-GAAP net revenues decreased 8% year-over-year to $432.4 million, representing a decrease of 4% on a constant currency basis [1].
• Advertising revenues decreased 20% year-over-year to $310.0 million.
• Non-advertising revenues increased 44% year-over-year to $125.1 million. Non-GAAP non-advertising revenues increased 45% year-over-year to $122.4 million.
• Net income attributable to SINA was $82.4 million, or $1.21 for diluted net income per share attributable to SINA's ordinary shareholders. Non-GAAP net income attributable to SINA was $17.0 million, or $0.25 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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