Sina Corp (SINA) Tops Q4 EPS by 1c; Guides FY18 Revs Above Views
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SINA Reports Fourth Quarter and Fiscal Year 2017 Unaudited Financial Results
February 13, 2018 4:11 AM ESTBEIJING, Feb. 13, 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 fourth quarter and the fiscal year ended December 31, 2017. Â
Fourth Quarter 2017 Highlights
Net revenues increased 61% year-over-year to $503.7 million. Non-GAAP net revenues increased 61% year-over-year to $501.1 million. Advertising revenues increased 58% year-over-year to $424.8 million. Non-advertising revenues increased 80% year-over-year to $79.0 million. Non-GAAP non-advertising revenues increased 85% year-over-year to $76.4 million. Income from operations increased 421% year-over-year to $128.7 million. Operating... More