Sina Misses By $0.01; Guides Below Consensus Rev Estimates; Stock Down 8% in After-Hours (SINA)

| About: Sina Corporation (SINA)

Sina (ticker: SINA) reported Q4 2005 earnings results earlier today. (Note: We will post a transcript of this evening's management conference call later tonight.) Key stats from the quarter:

Q4 2005 Results:

  • Net revenue fell 9% y-o-y to $52.0 million, but rose 5% sequentially. Consensus estimate of $52.02 million. Management guidance of $51.0 - $52.0 million.
  • Non-advertising revenue fell 30% y-o-y to $26.9 million, but rose 1% sequentially. Management guidance of $26.5 - $27.0 million.
  • Advertising revenue rose 37% y-o-y to $25.0 million, and rose 9% sequentially. Management guidance of $24.5 - $25.0 million.
  • MVAS revenue fell 31% y-o-y to $24.8 million, but rose 3% sequentially.
  • SMS product revenue fell 37% y-o-y to $18.2 million.
  • GAAP diluted net income per share of $0.24.
  • Non-GAAP net income of $12.4 million in-line with management guidance of $12.0 - $13.0 million.
  • Non-GAAP diluted net income per share of $0.21 below consensus estimate of $0.22.
  • Q1 2006 Guidance:

  • Total revenue of $44.5 - $46.5 million below consensus of $51.93 million.
  • Non-advertising revenue of $23.0 - $24.0 million.
  • Advertising revenue of $21.5 - $22.5 million.
  • Non-GAAP net income of $8.5 - $9.5 million.
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    Tagged: , Internet Software & Services, China, Earnings
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