Sina Corp (SINA) Tops Q1 EPS by 36c, Beats on Revenues

Sina Corp (NASDAQ: SINA) reported Q1 EPS of $0.50, $0.36 better than the analyst estimate of $0.14. Revenue for the quarter came in at $278.1 million versus the consensus estimate of $265.07 million.

First Quarter 2017 Highlights

• Both net revenues and non-GAAP net revenues increased 40% year over year to $278.1 million and $275.5 million, respectively.
• Advertising revenues increased 40% year over year to $228.0 million.
• Non-advertising revenues increased 40% year over year to $50.1 million. Non-GAAP non-advertising revenues was $47.5 million.
• Income from operations was $45.0 million. Non-GAAP income from operations increased approximately ten folds year over year to $63.7 million. Non-GAAP operating margin was 23%, up from 3% for the same period last year.
• Net income attributable to SINA was $38.5 million, or $0.52 diluted net income per share attributable to SINA. Non-GAAP net income attributable to SINA was $37.6 million, or $0.50 non-GAAP diluted net income per share attributable to SINA.

For earnings history and earnings-related data on Sina Corp (SINA) click here.

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