Sina’s 2019 Advertising Revenue Guidance Cut by 10%-15%; FVE Reduced to USD 93
In the first quarter, narrow-moat Sina's net revenue rose 8% or 14% on a constant-currency basis, lower than the guidance of 18% to 25% on a constant currency basis for the full year of 2019 but in line with our full-year estimate of 14%. Management guided a 10% to 15% discount to Sina’s previous full-year advertising revenue guidance due to weaker advertising business at both the Weibo and Sina portals, while nonadvertising revenue guidance remains unchanged. We expect Sina portal business will...Sina is an online media company serving China and the global Chinese communities. Co.'s digital media network includes SINA.com (It offers professional content on each of its region specific websites), SINA.com (It provides information and entertainment content from SINA portal customized for WAP users) and Weibo (It is a form of social media, featuring microblogging services and social networking services that allow users to connect and share information). Co. offers an array of services including mobile value added services, online video, music streaming, online games, photo sharing, blog, email, classified listings, fee-based services, e-commerce and enterprise services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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