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Recap: SINA Q1 Earnings

Benzinga Insights
·1 min read

Shares of SINA (NASDAQ:SINA) rose 2.8% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 37.50% year over year to $0.25, which beat the estimate of $0.07.

Revenue of $432,442,000 declined by 8.48% year over year, which beat the estimate of $385,620,000.

Looking Ahead

SINA hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: May 19, 2020

View more earnings on SINA

Time: 08:10 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/k87zu6it

Price Action

Company's 52-week high was at $52.01

52-week low: $26.04

Price action over last quarter: Up 8.33%

Company Description

Sina is a leading online media company in China, established in 1998. In 2009, Sina launched the first Twitter-like social media platform in China, Weibo, which has reached 361 million monthly active users and 159 million daily active users. Sina holds 46% of shares and has 72% voting power in Weibo, and Alibaba holds 31.4% of shares and 14.8% voting power. About 85% of net revenue is from online advertising, with 29.5% from portal advertising and 55.4% from Weibo advertising.

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