Sina Corp (SINA) Tops Q3 EPS by 38c
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SINA Reports Third Quarter 2019 Unaudited Financial Results
November 14, 2019 4:30 AM ESTBEIJING, Nov. 14, 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 third quarter ended September 30, 2019.
Third Quarter 2019 Highlights
Net revenues increased 1% year-over-year to $561.4 million. Non-GAAP net revenues increased 1% year-over-year to $558.8 million, representing an increase of 5% on a constant currency basis [1]. Advertising revenues decreased 5% year-over-year to $461.1 million. Non-advertising revenues increased 37% year-over-year to $100.4 million. Non-GAAP non-advertising revenues increased 38% year-over-year to $97.7 million. Net income... More