Sina Corporation (SINA)

Re: Sina Corporation (SINA)

Postby winston » Mon Aug 19, 2019 10:08 pm

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SINA +6.9% after Q2 beats, non-ad growth

By Brandy Betz

SINA (NASDAQ:SINA) gains 6.9% after Q2 beats with $433.6M in advertising revenue (-5% Y/Y), $63M in portal ad revenue (-25%), and $99.4M in non-ad revenue (+19%).

Gross margin was 77% versus the 74.6% consensus.

Product development expenses was up 10% Y/Y to $92M.

Source: Seeking Alpha

https://seekingalpha.com/news/3492811-s ... -ad-growth
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Re: Sina Corporation (SINA)

Postby winston » Thu Nov 14, 2019 10:58 pm

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Sina Earnings Top Views, But Weibo Parent Falls

by BRIAN DEAGON

Sina (SINA) fell Thursday despite reporting better-than-expected third-quarter results. The Sina earnings report came before the market open.

The China internet company reported adjusted earnings of 94 cents per share on revenue of $558.8 million.

Wall Street expected Sina earnings of 56 cents per share on revenue of $555.7 million.

Sina operates a popular China internet portal and owns a majority stake in Weibo (WB), a social media company with a service comparable to Twitter (TWTR).

Source: IBD

https://www.investors.com/news/technolo ... yptr=yahoo
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Re: Sina Corporation (SINA)

Postby winston » Sun Nov 24, 2019 4:04 pm

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Are Investors Too Bearish on SINA and Weibo?

by Leo Sun

3Q Results:-
Sina: Revenue +1%; EPS +1%
Weibo: Revenue +2%; EPS +3%

Like many other digital ad platforms in China, Weibo and SINA are struggling to sell ads as the sluggish Chinese economy forces companies to cut their marketing budgets.

Competition from rival platforms like Tencent's (OTC:TCEHY) WeChat, Baidu (NASDAQ:BIDU), and ByteDance's Toutiao and TikTok are exacerbating that pain.

To counter that trend, Weibo and SINA are diversifying their core businesses away from digital ads.

Weibo beefed up its VAS (value-added services) unit by acquiring a live video streaming platform at the end of 2018. As a result, its VAS revenue -- which accounted for the remaining 12% of its top line -- rose 9% annually.

Analysts expect SINA's revenue to rise just 2% this year, but accelerate to 9% growth next year. Its earnings are expected to drop 20% this year but rebound 15% next year. Those are decent growth rates for a stock that trades at less than 12 times forward earnings.

Weibo's revenue is expected to rise 5% this year and 11% next year, and its earnings could remain flat this year but rise 12% next year. Those are also solid growth rates compared to its forward P/E of 14.


Source: Motley Fool

https://www.fool.com/investing/2019/11/ ... weibo.aspx
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Re: Sina Corporation (SINA)

Postby winston » Tue Jan 14, 2020 6:35 am

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Should Investors Cheer SINA's $500 Million Buyback?

Here's what you should know about the Chinese tech company's updated buyback plan.

by Leo Sun

$500 million equals about 17% of SINA's current market cap, which could give the stock a big boost if it's fully executed.

However, investors should note that SINA only spent $82.1 million of its prior authorization to buy back 2.2 million shares last year.

Companies often use buybacks to offset the dilution of a stock from stock-based compensation (SBC) plans for employees.

SINA paid out $89.9 million, or 6% of its total revenue, on SBC expenses in the first nine months of 2019 -- which is comparable to the $82.1 million in buybacks it executed throughout the year.

SINA and Weibo's revenue growth decelerated significantly over the past year. That slowdown was caused by two main headwinds.

First, Chinese companies reined in their advertising spending as the Chinese economy grew at its slowest pace in nearly three decades.

Second, both platforms faced stiff competition from other advertising platforms like Baidu, Tencent's WeChat, ByteDance's Toutiao and TikTok, and Bilibili.


Source: Motley Fool

https://www.fool.com/investing/2020/01/ ... lrf0000001
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