Sina Corp (SINA) Tops Q4 EPS by 1c; Guides FY18 Revs Above Views

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SINA Reports Fourth Quarter and Fiscal Year 2017 Unaudited Financial Results

February 13, 2018 4:11 AM EST

BEIJING, Feb. 13, 2018 /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, 2017.  

Fourth Quarter 2017 Highlights

Net revenues increased 61% year-over-year to $503.7 million. Non-GAAP net revenues increased 61% year-over-year to $501.1 million. Advertising revenues increased 58% year-over-year to $424.8 million. Non-advertising revenues increased 80% year-over-year to $79.0 million. Non-GAAP non-advertising revenues increased 85% year-over-year to $76.4 million. Income from operations increased 421% year-over-year to $128.7 million. Operating... More