Summit Research Raises Price Target on Sina Corp (SINA) Following 2Q15 Results
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SINA Reports Second Quarter 2015 Financial Results
August 18, 2015 4:30 PM EDTSHANGHAI, Aug. 18, 2015 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (NASDAQ: SINA), a leading online media company serving China and the global Chinese communities, today announced its unaudited financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Highlights
Net revenues increased 14% year over year to $213.6 million. Non-GAAP net revenues increased 14% year over year to $211.0 million. Advertising revenues grew 13% year over year to $176.3 million. Non-advertising revenues were $37.3 million. Non-GAAP non-advertising revenues were $34.7 million. Net income attributable to SINA was $11.7 million, or $0.19 diluted net... More