Sina’s 2Q Results Indicate That Its Non-Weibo Business Remains Weak
Narrow-moat Sina’s second-quarter results were largely in line with our expectations, with net revenue increasing 50% year on year to USD 537 million and non-GAAP operating income growing 38% to USD 159 million. Overall operating margin rebounded to 25% in the past quarter, versus 17% in the first quarter, on strong Weibo advertising growth and reduction in general and administrative expenses. However, growth in the non-Weibo business remained anemic, as portal advertising revenue grew 8% and ot...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.
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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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