Sina Corp (SINA) Tops Q4 EPS by 43c, Revenues Beat

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SINA Reports Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results

February 26, 2020 5:00 AM EST

BEIJING, Feb. 26, 2020 /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, 2019.

Fourth Quarter 2019 Highlights

Net revenues increased 4% year-over-year to $593.3 million. Non-GAAP net revenues increased 4% year-over-year to $590.7 million, representing an increase of 5% on a constant currency basis [1]. Advertising revenues decreased 5% year-over-year to $460.9 million. Non-advertising revenues increased 49% year-over-year to $132.5 million. Non-GAAP non-advertising revenues increased 51% year-over-year to... More