Sina Corp (SINA) Tops Q2 EPS by 12c; Raises Outlook
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SINA Reports Second Quarter 2016 Financial Results
August 8, 2016 4:31 PM EDTSHANGHAI, Aug. 8, 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 second quarter ended June 30, 2016. Â Â Â Â Â Â Â
Second Quarter 2016 Highlights
Net revenues increased 14% year over year to $244.0 million. Non-GAAP net revenues increased 14% year over year to $241.4 million. Advertising revenues grew 16% year over year to $205.0 million. Income from operations was $20.8 million. Operating margin was 9%, up from negative 3% for the same period last year. Non-GAAP income from... More