Sina Corp (SINA) Tops Q4 EPS by 8c
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SINA Reports Fourth Quarter and Fiscal Year 2016 Financial Results
February 22, 2017 4:30 PM ESTSHANGHAI, Feb. 22, 2017 /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 fourth quarter and the fiscal year ended December 31, 2016.
Fourth Quarter 2016 Highlights
Net revenues increased 22% year over year to $313.4 million. Non-GAAP net revenues increased 23% year over year to $310.8 million. Advertising revenues increased 21% year over year to $269.6 million. Non-advertising revenues increased 33% year over year to $43.9 million. Non-GAAP non-advertising revenues were $41.3 million. Income from operations was... More