Sina Corp (SINA) Tops Q1 EPS by 1c

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SINA Reports First Quarter 2016 Financial Results

May 11, 2016 4:30 PM EDT

SHANGHAI, May 11, 2016 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (NASDAQ: SINA), a leading online media company serving China and the global Chinese communities, today announced its unaudited financial results for the first quarter ended March 31, 2016.

First Quarter 2016 Highlights

Net revenues increased 8% year over year to $198.7 million. Non-GAAP net revenues increased 8% year over year to $196.1 million. Advertising revenues grew 8% year over year to $163.0 million. Non-advertising revenues were $35.7 million. Non-GAAP non-advertising revenues were $33.1 million. Net income attributable to SINA was $15.3 million, or $0.22 diluted net... More