Sina (SINA) now +6.6% following its Q4 beat. Along with its report, the company announces...
Tuesday, February 19, 5:54 PM ETSina (SINA) now +6.6% following its Q4 beat. Along with its report, the company announces COO Hong Du is now a co-president, and former Cisco/eBay exec Jack Xu has been named CTO. Online ad sales +7% Y/Y to $110.7M (80% of revenue). Mobile value-added services (VAS) continue plunging, -38% to $13.2M. But Weibo VAS (closely-watched) +181% to $10.6M. Opex +11% Y/Y, higher than revenue growth. Gross margin was 57%, up from 54% in Q3 and a year ago. CC at 8PM ET (webcast). (PR)
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