Sina Corp (SINA) Tops Q4 EPS by 6c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Above Consensus (Earlier)

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Go back to Sina Corp (SINA) Tops Q4 EPS by 6c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Above Consensus (Earlier)

SINA Reports Fourth Quarter and Fiscal Year 2018 Unaudited Financial Results

March 5, 2019 4:30 AM EST

BEIJING, March 5, 2019 /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, 2018.

Fourth Quarter 2018 Highlights

Both net revenues and non-GAAP net revenues increased 14% year-over-year to $573.0 million and $570.4 million, respectively. Advertising revenues increased 14% year-over-year to $484.3 million. Non-advertising revenues increased 12% year-over-year to $88.7 million. Non-GAAP non-advertising revenues increased 13% year-over-year to $86.1 million. Net income attributable to SINA was $16.4... More