Futu learned that Sina and Weibo Corp, the leading online media serving the Chinese community in China and around the world, today released their unaudited financial reports for the fourth quarter and the whole year of 2017.
1. Sina Financial report
Fourth quarterNet revenue rose 61% from a year earlier to $503.7 million.
Non-GAAP net revenue rose 61% from a year earlier to $501.1 million.
Sina's share in the fourth quarterNet profit was $45.4 million, or 60 cents per diluted net income per share.
Non-GAAP net profit attributable to Sina was $60 million, or 79 cents per diluted net income per share.
Refer to Futu Information before in Sina and Weibo CorpThe prospect of financial reportAccording to the forecasts of Wall Street analysts mentioned in, Sina's performance indicators exceeded expectations.
two。 Weibo Corp's financial report
Weibo Corp fourth quarterNet revenue rose 77% year-on-year to $377.4 millionIt exceeded the company's expectations of $355 million to $365 million.
Of this total, advertising and marketing revenue was 332.3 million US dollars, up 77 per cent from the same period last year, and value-added services revenue was 45.1 million US dollars, up 81 per cent from the same period last year.
In the fourth quarter, belonging to Weibo CorpGAAP's net profit was $131 million, up 205% from a year earlier, or 58 cents per diluted net income per share, compared with 19 cents a year earlier. Non-GAAP adjusted earnings per share were 64 cents, compared with 34 cents a year earlier..
Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) was $161.9 million, up 107 per cent from a year earlier, and a profit margin of 43 per cent relative to net revenue, compared with 37 per cent in the same period last year.
The number of monthly active users (MAUs) in December increased by about 79 million from a year earlier to 392 million, 93% of which were mobile. The average number of daily active users (DAUs) in December increased by about 33 million from a year earlier to 172 million.
Weibo Corp expects net revenue of $335 million in the first quarter of 2018, while the market is expected to be $316.3 million.
"We have reached an important milestone in 2017, with total revenue exceeding $1 billion," said Wang Gaofei, CEO of Weibo Corp. Revenue and profits from small and medium-sized enterprises, major customers and non-advertising businesses have all achieved strong growth, while the number of our users has reached an all-time high. Weibo Corp expects net revenue in the first quarter of 2018 to be between $335 million and $345 million, which assumes an average exchange rate of Rmb6.50 to the dollar. The above expectations reflect Weibo Corp's current preliminary judgment and may be adjusted in the future.
After the announcement of the results, Sina's share price rose more than 3% before the US stock market, while Weibo Corp's share price rose more than 5% before the US stock market. (editor / Huang Ruixue)
Source: Futu Securities