Sina's Q3 operating profit jumps 231%

Updated 2017-11-08 15:30:58

Sina Corp, the Nasdaq-listed internet company that owns micro-blogging service Sina Weibo, on Tuesday reported record third-quarter revenue and operating profit.

Sina's third-quarter operating profit surged 231 percent from a year ago to 0.3 million, compared with .3 million for the same period last year. Net revenue rose to 3.1 million, up 61 percent year-on-year.

"We are very pleased to deliver another strong quarter of financial results with record revenues and operating profit," said Charles Chao, chairman and CEO of Sina.

"Weibo continued its strong momentum with substantial user base expansion and improved user engagement. Leveraging platform effect, Weibo has achieved further operating leverage and a record high level of net income," said Chao.

In September, Weibo's monthly active users, or MAUs, had a net addition of 79 million users year-on-year and reached 376 million, among which 92 percent were mobile users. Daily active users, or DAUs, rose to 165 million, up 33 million year-on-year.

In the three months ended September 30, online advertising revenue rose 56 percent to 4 million, while non-advertising revenue jumped 92 percent to .2 million.

Diluted net income per share attributable to Sina for the third quarter was .66, compared to .90 for the same period last year.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 23 2018 13:04:30

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 23 2018 13:04:30

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 23 2018 13:04:30

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords