Sina -3.4% AH; Q1 results pre-announced, licenses to be revoked


SINA expects to report Q1 revenue of $171M and EPS of $0.15, above a consensus of $164.7M and $0.13.

The company also announces it received two notices from Chinese regulators stating its "License for Online Transmission of Audio-Visual Programs would be revoked due to certain unhealthy and indecent content from third-parties or by users" on Sina.com and its affiliated online literature site.

Sina says it's still "evaluating the impact" of the decision. The notices arrive a week after media reports stated Sina's licenses are being revoked.

Subsidiary Weibo (WB) is down 0.9% AH. Sina's Q1 report will arrive "on or around" May 21.

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Comments (1)
  • James Sands
    , contributor
    Comments (2537) | Send Message
     
    Expecting some serious YOY growth for Weibo, most likely over 200%......
    2 May 2014, 10:07 PM Reply Like
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