Sina Weibo Reports Q1 Results: Revenue $121.3 Million, EPS $0.02

Posted on May 17 2013 - 12:05pm by Editorial Staff

Sina Weibo

China’s micro-blogging giant today announced its unaudited financial results for the first quarter ended March 31, 2013. The company saw net revenue increased 19% year over year to $126 million while non-GAAP net revenues increased 19% year over year to $121.3 million, exceeding the company’s shared outlook which was between $115 million and $119 million. The non-GAAP net income was $1.5 million, while non-GAAP diluted net income per share was $0.02.

For the outlook, the company estimated that its non-GAAP net revenues for the second quarter of 2013 will be between $143 million and $147 million, which even include advertising revenues to be between $117 million and $119 million, and non-GAAP non-advertising revenues to be between $26 million and $28 million.

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