Blog Post

Earnings: Sina Q4 Revs Up 25 Percent; Net Income Up 49 Percent; Ads Grow 40 Percent

Stay on Top of Emerging Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

Chinese online media company Sina.com announced Q4 revenue of $70.7 million, up 25 percent from $56.4 million in last year’s equivalent period. Net income grew 49 percent to $17.5 million ($.29 per share) from $11.7 million ($.20 per share). The company benefited from 40 percent year-over-year advertising growth. Non-advertising growth, mostly its wireless value added services business, slipped 1 percent, which is consistent with the weakness shown at companies like Linktone (NSDQ: LTON), affected by regulatory changes. On a sequential basis, revenue was up 10 percent. For the current quarter, Sina (NSDQ: SINA) is predicting revenue of $66-$68 million.

Release | Webcast (8:00 PM ET)