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Sina +4% as quarterly profits grow by 25%

Published 02/13/2018, 09:34 AM
Updated 02/13/2018, 09:34 AM
© Reuters.  Sina +4% as quarterly profits grow by 25%
  • Sina (NASDAQ:SINA) is up 4% out of the market open, after Q4 earnings that beat expectations with a boost from another great quarter at subsidiary Weibo (NASDAQ:WB).
  • Weibo continued momentum "on the back of sustainable user growth and engagement," says Sina CEO Charles Chao, and Sina's media business "returned to the growth trajectory in 2017 ... through improvement in content offering and effective channel marketing, Sina mobile media properties continuously expanded user scale, and improved user engagement and elevated monetization capability."
  • Gross margin was 75% vs. a year-ago 70%; advertising gross margin was 76% vs. a year-ago 72%.
  • Revenue breakout: Advertising, $424.8M (up 57.6%); non-advertising, $79M (up 80%).
  • Press release
  • Now read: Dear Alphabet (NASDAQ:GOOGL): Show Me The Money!


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