Sina Corp (SINA) Tops Q3 EPS by 24c, Revenues Beat; Offers Revised FY18 Revenue Guidance Below Consensus

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Go back to Sina Corp (SINA) Tops Q3 EPS by 24c, Revenues Beat; Offers Revised FY18 Revenue Guidance Below Consensus

SINA Reports Third Quarter 2018 Unaudited Financial Results

November 28, 2018 5:00 AM EST

BEIJING, Nov. 28, 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 third quarter ended September 30, 2018.

"We are pleased with SINA's third quarter results. Despite intensified competition and macro headwinds, we delivered healthy growth in both revenues and profitability driven by the continued momentum of Weibo business." said Charles Chao, Chairman and CEO of SINA. 

Third Quarter 2018 Highlights

Both net revenues and non-GAAP net revenues increased 26% year-over-year to... More