Sina Corporation (SINA) - NASDAQ
  • Mon, Jul. 25, 4:41 AM
    • China's top internet regulator has ordered major online companies including Sina Corp. (NASDAQ:SINA) Tencent (OTCPK:TCEHY), Sohu.com (NASDAQ:SOHU) and NetEase (NASDAQ:NTES) to stop original news reporting, tightening its grip over the country's web and information industries.
    • President Xi Jinping has stressed that Chinese media must serve the interests of the ruling Communist Party, giving authorities near-absolute control over online news and political discourse.
    | Mon, Jul. 25, 4:41 AM | 3 Comments
  • Wed, May 11, 5:35 PM
    • Top gainers, as of 5.25 p.m.: JACK +9.4%. VALE +4.5%. LCI +4.0%. BHP +3.5%. WB +2.3%.
    • Top losers, as of 5.25p.m.: TERP -8.1%. JD -7.9%. DAL -6.4%. SINA -4.5%. LOXO -4.5%.
    | Wed, May 11, 5:35 PM | 3 Comments
  • Wed, May 11, 5:11 PM
    • While subsidiary Weibo (NASDAQ:WB) is up 3.5% after hours, Sina (NASDAQ:SINA) is trading down 4.7% on its Q1 results, which beat revenue expectations with the help of strong results at Weibo.
    • Net revenues were up nearly 8% to $196.1M; online advertising revenues rose 8.3% to $163M. Weibo (of which Sina owns 56.9%) contributed ad/marketing gains of $20.1M, partially offset by a drop of $7.5M in portal advertising.
    • GAAP net income of $15.3M became a non-GAAP net loss of $2.8M, due to equity loss at E-House.
    • Cash and equivalents were $2.2B. Net cash from operating activities was $18.2M; capex was $8M
    • Conference call to come at 10:10 p.m. ET.
    • Press Release
    | Wed, May 11, 5:11 PM
  • Wed, May 11, 4:33 PM
    • Sina (NASDAQ:SINA): Q1 EPS of -$0.04 beats by $0.01.
    • Revenue of $196.1M (+7.8% Y/Y) beats by $6.63M.
    • Press Release
    | Wed, May 11, 4:33 PM
  • Tue, May 10, 5:35 PM
  • Wed, Mar. 2, 5:03 PM
    • SINA's Q4 beat has been accompanied by guidance for 2016 revenue of $850M-$950M, below a $985.9M consensus. Subsidiary Weibo's (NASDAQ:WB) Q4 beat is accompanied by Q1 sales guidance of $111M-$116M, below a $118.2M consensus. SINA -4.3% after hours to $41.85. WB +3% after hours to $14.99.
    • Along with the numbers, Sina has announced a $500M buyback. It's good for repurchasing 17% of shares at current levels, and lasts through the end of June 2017.
    • Sina's Q4: A $41.6M increase in Weibo ad revenue allowed Sina's online ad revenue to rise 23% Y/Y to $223.2M. Non-ad revenue rose 9% to $33M thanks to higher Weibo and portal revenue.

      Gross margin was flat Y/Y at 65%, and non-GAAP operating expenses rose just 1% to $125M (boosted EPS). Sina ended Q4 with $2.4B in cash and $800M in convertible debt.
    • Weibo's Q4: Ad/marketing revenue rose 47% Y/Y to $129.5M. Value-added service revenue rose 13% to $19.5M in spite of a 31% drop in data licensing revenue; Weibo calls data licensing "a de-emphasized business." Non-GAAP costs expenses rose 22% to $116.3M.

      Weibo monhtly active users rose 6% Q/Q and 34% Y/Y to 236M. Daily active users rose 6% Q/Q and 32% Y/Y to 106M. Mobile DAUs rose 46% Y/Y to 94M, and average daily video views rose 53% Q/Q.
    • Sina: Q4 results, earnings release
    • Weibo: Q4 results, earnings release
    | Wed, Mar. 2, 5:03 PM | 1 Comment
  • Wed, Mar. 2, 4:31 PM
    • Sina (NASDAQ:SINA): Q4 EPS of $0.35 beats by $0.02.
    • Revenue of $253.6M (+21.6% Y/Y) beats by $11.87M.
    • Shares -1.25%.
    • Press Release
    | Wed, Mar. 2, 4:31 PM
  • Tue, Mar. 1, 5:35 PM
  • Tue, Jan. 12, 1:24 PM
    • Pehong Chen and Lip-Bu Tan have resigned from Sina's (SINA +2.4%) board, with the latter citing "personal reasons." Chen and Tan had both been board members since 1999.
    • Chen is joining Weibo's (WB +2%) board, replacing Yichen Zhang. Both Sina and Weibo are higher today.
    | Tue, Jan. 12, 1:24 PM
  • Thu, Jan. 7, 2:00 PM
    • Hammered three days ago as U.S. and Chinese markets tumbled, the story is much the same today for U.S.-traded Chinese tech firms. The Nasdaq is down 2.7%, and the Shanghai and Shenzhen exchanges respectively fell 7% and 8.3% overnight amid an ongoing selloff in the yuan, which now trades at 6.59 per dollar.
    • The Guggenheim China Tech ETF (CQQQ -4.7%) is now down 8% in 2016. It's still 30% above an August low of $25.36.
    • Internet giants Baidu (BIDU -7.1%) and Alibaba (BABA -6.5%) are among the names seeing steep losses. Others include Sina (SINA -6%), Weibo (WB -8.5%), Qunar (QUNR -12.4%), JD.com (JD -6.4%), ChinaCache (CCIH -9.6%), Jumei (JMEI -8.7%), Zhaopin (ZPIN -5.7%), Baozun (BZUN -7.4%), NQ Mobile (NQ -5.8%), and Momo (MOMO -6.1%). Over in Hong Kong, messaging/gaming leader Tencent (OTCPK:TCEHY) fell 4%.
    • ETFs: QQQC, KWEB, EMQQ
    | Thu, Jan. 7, 2:00 PM | 16 Comments
  • Nov. 18, 2015, 6:05 PM
    • SINA is up 2.3% after hours after beating Q3 estimates (no guidance has been given). Subsidiary Weibo (NASDAQ:WB) is up 2.7% after beating estimates and guiding for Q4 revenue of $146M-$149M, in-line with a $147.2M consensus.
    • Sina's online ad revenue rose 16% Y/Y in Q3 to $193.5M with Weibo's help. None-ad revenue (non-GAAP) rose 3% to $30.2. Operating expenses fell 10% to $113.9M thanks to lower SG&A spend.
    • Weibo's ad/marketing revenue jumped 62% to $105.9M. Value-added service revenue rose fractionally to $18.9M. Non-GAAP costs/expenses rose 17% to $103.2M.
    • Weibo monthly active users rose 5% Q/Q and 33% Y/Y to 222M. Daily active users rose 8% Q/Q and 30% Y/Y to 100M. Mobile MAUs equaled 85% of total MAUs, even with Q2.
    • Sina: Q3 results, PR. Weibo: Q3 results, PR.
    | Nov. 18, 2015, 6:05 PM | 2 Comments
  • Nov. 18, 2015, 4:34 PM
    • Sina (NASDAQ:SINA): Q3 EPS of $0.39 beats by $0.19.
    • Revenue of $223.7M (+14.1% Y/Y) beats by $0.94M.
    • Shares +1.83%.
    | Nov. 18, 2015, 4:34 PM
  • Nov. 17, 2015, 5:35 PM
  • Nov. 3, 2015, 10:01 AM
    • Sina (SINA +4.3%) and subsidiary Weibo (WB +3%) are higher amid speculation (apparently fueled by an analyst note) Alibaba (NYSE:BABA) will make a bid for Sina.
    • The companies are less than three weeks removed from jumping in response to Alibaba's bid to acquire online video leader Youku. They fell last week thanks to Citi downgrades.
    | Nov. 3, 2015, 10:01 AM | 6 Comments
  • Oct. 29, 2015, 10:33 AM
    • Citi has downgraded both SINA and subsidiary Weibo (NASDAQ:WB) to Neutral.
    • Both companies jumped two weeks ago after Alibaba's bid for Youku fueled hopes Weibo would receive a similar offer. Sina is up 25% YTD; Weibo is up 17%.
    • Update: Details on the downgrades here. Citi's Thomas Chong is worried about uncertainty related to the 2016 expiration of Weibo's current contract with Alibaba, and sees downside risk to his Sina estimates due to macro headwinds and competition from other online media providers.
    | Oct. 29, 2015, 10:33 AM | 2 Comments
  • Oct. 16, 2015, 11:07 AM
    • Sina (SINA +7.7%) and subsidiary Weibo (WB +14.2%) have soared after acquisition-hungry Alibaba made a $3.6B offer to buy the 82% of Chinese online video provider Youku it doesn't yet own.
    • The move has sparked hopes Alibaba will make a similar bid for Weibo, a company in which it also owns a substantial stake.
    | Oct. 16, 2015, 11:07 AM | 1 Comment
Company Description
SINA Corp. engages in the provision of online and mobile media services. It operates through the following segments: Advertising, Mobile Value-Added Services (MVAS), and Other Non-Advertising Information. Its services include MVAS, online video, music streaming, online games, photo sharing,... More
Sector: Technology
Industry: Internet Software & Services
Country: China