Seeking Alpha
 

Sina Corporation (SINA)

- NASDAQ
  • May 21, 2014, 5:02 PM
    • Sina (SINA): Q1 EPS of $0.15 beats by $0.03.
    • Revenue of $167.3M (+37.9% Y/Y) beats by $2.27M.
    • Shares -4.78% AH.
    • Press Release
    | May 21, 2014, 5:02 PM | Comment!
  • May 20, 2014, 5:35 PM
  • May 2, 2014, 5:14 PM
    • 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.
    | May 2, 2014, 5:14 PM | 1 Comment
  • Apr. 24, 2014, 4:50 PM
    • Baidu (BIDU) expects Q2 revenue of RMB11.82B-RMB-12.11B ($1.901B-$1.948B), above a consensus of RMB11.55B.
    • Revenue growth accelerated to 59.1% in Q1 from 50.4% in Q4. Online ad customers fell 1.1% Q/Q to 446K after falling 2.8% in Q4, but revenue per ad customer remained steady Q/Q and rose 44.1% Y/Y to RMB20.9K ($3,362).
    • As promised, Baidu continues to invest aggressively: SG&A spend soared 136.9% Y/Y to $323.2M, thanks in large to mobile promotional efforts. R&D spend rose 57.5% to $205.4M.
    • Traffic acquisition costs rose to 12.4% of revenue from 12.3% in Q4 and 10.2% a year ago. Content costs (fueled by online video licensing) rose to 4.1% of revenue from 3.8% in Q4 and 1.6% a year ago.
    • Up in sympathy: SINA +1.6%. SOHU +1%. QIHU +2.6%. YY +1.1%. WB +1.5%. YOKU +1.7%.
    • Q1 results, PR
    | Apr. 24, 2014, 4:50 PM | 2 Comments
  • Feb. 25, 2014, 5:51 PM
    • Though up 163% Y/Y, Sina's (SINA -9.3%) Weibo ad sales were below Deutsche's forecast, says analyst Vivian Hao while taking stock of the company's Q4 report. Hao, who maintains a Buy on Sina, also notes earnings would've missed estimates if not for a $19.5M change in the fair value of investor option liability for Alibaba's Weibo investment.
    • At the same time, she's pleased ad sales tied to Alibaba's Taobao and Tmall sites grew 19% Q/Q to $23.8M, aided by a shift to impression-based (CPM) pricing. Hao asserts Weibo's strategic value "remains solid" in the face of stiff competition, given the "scarcity of sizable mobile-popular marketing platforms in China," but also expects a spending ramp to once more pressure near-term margins.
    • Sina mentioned on its CC (transcript) Weibo's daily active users rose 4% Q/Q and 36% Y/Y to 61.4M, after adjusting for a methodology change. Average time spent per Weibo DAU rose 3% Q/Q and 16% Y/Y, with mobile engagement growing and PC engagement slipping.
    | Feb. 25, 2014, 5:51 PM | Comment!
  • Feb. 24, 2014, 4:49 PM
    • SINA expects Q1 revenue of $162M-$167M, in-line with a $165.2M consensus. Ad revenue is expected to total $133M-$136M, non-ad revenue $29M-$31M.
    • Ad revenue +45% Y/Y in Q4 to $160.1M, a major pickup from Q3's 26% growth rate. Non-ad revenue +36% to $32.3M vs. only +5% in Q3.
    • Weibo is the main reason growth has accelerated: Weibo ad revenue +163% Y/Y to $56M, Weibo non-ad revenue (data licensing, gaming, membership fees) +114% to $15.4M.
    • Gross margin was 64%, flat Q/Q and +700 bps Y/Y. Opex +35% Y/Y, trailing revenue growth (43%) after exceeding it in many recent quarters.
    • No Weibo IPO announcement has been made. The WSJ reported this morning Sina is eying a ~$500M Q2 IPO for Weibo.
    • Q4 results, PR
    | Feb. 24, 2014, 4:49 PM | Comment!
  • Feb. 24, 2014, 4:35 PM
    • Sina Corporation (SINA): Q4 EPS of $0.47 beats by $0.01.
    • Revenue of $192.3M (+43.0% Y/Y) beats by $0.46M.
    • Press Release
    | Feb. 24, 2014, 4:35 PM | Comment!
  • Feb. 24, 2014, 12:10 AM
  • Feb. 23, 2014, 5:35 PM
  • Nov. 12, 2013, 5:27 PM
    • SINA expects Q4 revenue of $190M-$194M, well above a $182.1M consensus. Ad revenue is expected to total $160M-$162M, up from a Q4 2012 level of $110.7M.
    • Q3 ad sales rose 26% Y/Y to $151.6M; that's a faster growth rate than Q2's 17%. A major reason: Weibo ad sales jumped 46% Q/Q and 125% Y/Y to $43.7M.
    • Non-ad revenue only rose 5% Y/Y to $28.4M, after growing 35% in Q2. The slowdown occurred even though Weibo value-added service revenue rose 26% Q/Q and 121% Y/Y to $9.7M.
    • Gross margin jumped to 64% from 54% in Q2 and the year-ago period. Sina says its "efforts to scale its core advertising business profitably" are improving margins.
    • Opex rose 23% Y/Y, slightly outpacing rev. growth of 21%. A 29% increase in R&D spend to $36.6M had much to do with the increase.
    • SINA +3.4% AH. CC at 8PM ET. Q3 results, PR.
    | Nov. 12, 2013, 5:27 PM | Comment!
  • Nov. 12, 2013, 4:46 PM
    • SINA (SINA): FQ3 EPS of $0.42 beats by $0.10.
    • Revenue of $179.9M (+21% Y/Y) beats by $1.2M. (PR)
    | Nov. 12, 2013, 4:46 PM | Comment!
  • Nov. 12, 2013, 12:10 AM
  • Nov. 11, 2013, 5:35 PM
  • Aug. 12, 2013, 5:40 PM
    • Sina (SINA) expects Q3 revenue of $176M-$180M, well above a $165.5M consensus.
    • Ramping Weibo monetization helped fuel the Q2 beat. Weibo ad revenue +209% Y/Y to $30M, and Weibo value-added service (VAS) revenue (games, membership fees) +186% to $7.7M. Weibo now makes up 24% of total revenue.
    • Total ad revenue +17% Y/Y to $120.6M (+20% in Q1), total non-ad revenue +35% to $32.2M (only +17% in Q1).
    • Ad revenue is expected to surge to $151M-$153M in Q3, but non-ad revenue is expected to drop to $25M-$27M thanks to a $6M Q/Q decline in mobile VAS revenue.
    • Gross margin was 54%, up from 51% in Q1 and 53% a year ago.
    • Another reason for the EPS beat: opex only rose 13% Y/Y, less than rev. growth of 20% and representing a sharp slowdown in growth from recent quarters. Lower marketing spend was partly responsible.
    • CC at 9PM ET. Q2 results, PR
    | Aug. 12, 2013, 5:40 PM | 1 Comment
  • Aug. 12, 2013, 5:03 PM
    • SINA (SINA): Q2 EPS of $0.21 beats by $0.09.
    • Revenue of $152.8M beats by $7.6M. (PR)
    | Aug. 12, 2013, 5:03 PM | Comment!
  • Aug. 12, 2013, 12:10 AM
Visit Seeking Alpha's
SINA vs. ETF Alternatives
Company Description
SINA Corp is an online media company and MVAS provider in the People's Republic of China and for the Chinese communities.
Sector: Technology
Country: China