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东胜03月份天气东胜03月份气温东胜2019年03月份历史天气

2019-03-19 08:43 来源:漳州新闻网

  东胜03月份天气东胜03月份气温东胜2019年03月份历史天气

  百度今天,我们在吸收借鉴现代文明积极成果的过程中更是如此。在立法建议、政策倡导等方面拥有制度化的通畅渠道,具有其他国家非政府妇女组织不可比拟的独特优势。

但足协工作组仅仅表示“我们都理解大家的难处,回去我们会好好研究”,然后收走了球员的欠条以及和俱乐部签订的合同复印件。原标题:外媒:中国反导技术比肩美国确立星球大战地位  印度雷迪夫网站2014年7月15日登载文章分析,印度研制“烈火-5”洲际弹道导弹的主要目的是针对中国,但中国已大大提高了其抗击来袭的弹道导弹的能力。

  FAST台址确定在贵州省黔南州平塘县克度镇金科村的“大窝凼”洼地。弹长米,弹径400毫米,弹重715公厅,高爆破片战斗部重70公斤,有效射程3-45公里,最小作战高度约为10米,最大有效射高万米。

  FAST台址确定在贵州省黔南州平塘县克度镇金科村的“大窝凼”洼地。尽管里面有洗衣机、卫浴等现代设施,但没有电视或电脑。

  大型相控阵雷达是进行天基拦截的关键。

  我们应当看到,在新的长征路上,肯定会有许多“雪山”“草地”需要我们跨越,许多“娄山关”“腊子口”需要我们征服。

  这是理论家本来的天职、主业、品格和追求。  根据《通知》,各地交管部门有权确定叫车软件的服务时间和服务范围,上海从今年3月起规定,在高峰时段新增运力配置方案出台前,早晚高峰禁止使用叫车软件。

    本次合作,致力于形成政府引导、企业运作、互联网思维的互联网金融发展业态。

  如富二代亚历克斯·波德在一张照片的下方写到:“记住,给你的私人飞机驾驶员的小费至少要在1万美元以上(约合人民币万)。”  史特里戈夫的孩子们都没有上学,他请私人教师教授他们数学、历史、俄语以及格斗。

  作为世界最大的单口径望远镜,FAST将在未来20—30年保持世界一流设备的地位。

  百度要贯彻新时代党的建设总要求,全面加强党的领导和党的建设。

    欢迎社会各界对征兵工作进行监督,市政府征兵办的咨询监督电话号码为:62757242,各区(县)政府征兵办也都设有咨询监督电话,并在本区(县)范围内公布。  外观方面,全新ATSL在细节上进行了些许修改,前脸的中网格栅更加宽大,发动机舱盖的线条看起来也更加硬朗,前保险杠雾灯未发生变化,而牌照架下方的装饰条改为左右贯穿式设计,车尾部的设计基本没有变化,而左右ATSL与上海通用的标识则证明了它的身份。

  百度 百度 百度

  东胜03月份天气东胜03月份气温东胜2019年03月份历史天气

 
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东胜03月份天气东胜03月份气温东胜2019年03月份历史天气

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SINA Reports Third Quarter 2018 Unaudited Financial Results

百度   中国有四个已知的大型相控阵雷达站,能够覆盖俄罗斯、中亚、印度和台湾/东南亚的大部地区。

BEIJING, Nov. 28, 2018 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (NASDAQ: SINA), a leading online media company serving China and the global Chinese communities, today announced its unaudited financial results for the third quarter ended September 30, 2018.

"We are pleased with SINA's third quarter results. Despite intensified competition and macro headwinds, we delivered healthy growth in both revenues and profitability driven by the continued momentum of Weibo business." said Charles Chao, Chairman and CEO of SINA.?

Third Quarter 2018 Highlights

  • Both net revenues and non-GAAP net revenues increased 26% year-over-year to $557.2 million and $554.6 million, respectively.
  • Advertising revenues increased 33% year-over-year to $483.8 million.
  • Non-advertising revenues were $73.4 million. Non-GAAP non-advertising revenues were $70.8 million.
  • Income from operations increased 6% year-over-year to $127.4 million. Non-GAAP income from operations increased 16% year-over-year to $168.1 million.
  • Net income attributable to SINA was $45.4 million, or $0.62 for diluted net income per share attributable to SINA's ordinary shareholders. Non-GAAP net income attributable to SINA was $67.7 million, or $0.93 for non-GAAP diluted net income per share attributable to SINA's ordinary shareholders.

Third Quarter 2018 Financial Results

For the third quarter of 2018, SINA reported net revenues of $557.2 million, an increase of 26% compared to $443.1 million for the same period last year. Non-GAAP net revenues for the third quarter of 2018 were $554.6 million, an increase of 26% compared to $440.5 million for the same period last year.

Advertising revenues for the third quarter of 2018 were $483.8 million, an increase of 33% compared to $364.0 million for the same period last year, primarily driven by an increase of $132.5 million, or 48% growth in Weibo advertising and marketing revenues.

Non-advertising revenues for the third quarter of 2018 were $73.4 million, compared to $79.2 million for the same period last year. Non-GAAP non-advertising revenues for the third quarter of 2018 were $70.8 million, compared to $76.6 million for the same period last year. The year over year decline in non-advertising revenues was attributable to our revenue reporting changed from gross basis to net basis, negative currency translation impact as well as lackluster SINA fin-tech businesses due to regulatory headwind. The decrease was partially offset by increase in Weibo value-added service ("VAS") revenues.

Gross margin for the third quarter of 2018 was 80%, compared to 76% for the same period last year. Advertising gross margin for the third quarter of 2018 was 81%, compared to 76% for the same period last year. The increase in advertising gross margin was mainly resulted from our revenue reporting changed from gross basis to net basis under the new accounting standard adopted. Non-advertising gross margin for the third quarter of 2018 was 71%, flat year over year.

Operating expenses for the third quarter of 2018 totaled $316.0 million, compared to $214.3 million for the same period last year. Apart from the inclusion of marketing expense related to barter transactions recorded under the new accounting standard as illustrated below, the increase in operating expenses was primarily attributable to the step up of sales and marketing expenses for Weibo's user acquisition, the increase in personnel related costs, as well as goodwill and acquired intangibles impairment charge for non-core business line. Non-GAAP operating expenses for the third quarter of 2018 totaled $276.4 million, compared to $189.7 million for the same period last year.

Income from operations for the third quarter of 2018 was $127.4 million, compared to $120.3 million for the same period last year. Operating margin was 23%, down from 27% for the same period last year. Non-GAAP income from operations for the third quarter of 2018 was $168.1 million, compared to $145.0 million for the same period last year. Non-GAAP operating margin was 30%, down from 33% for the same period last year.

Non-operating income for the third quarter of 2018 was $77.3 million, compared to $11.1 million for the same period last year. Non-operating income for the third quarter of 2018 included (i) a $50.1 million net gain on sale of investments, fair value changes and impairment on investments, which is excluded under non-GAAP measure; (ii) a $17.1 million net interest and other income; and (iii) a $10.2 million net earnings from equity-method investments, which is reported one quarter in arrears and is mainly resulted from the earnings pick-up related to the Company's investment in Tian Ge Interactive Holding Limited. Non-operating income for the third quarter of 2017 included (i) a $10.2 million net gain on sale of and impairment on investments, which is excluded under our non-GAAP measure; (ii) a $11.1 million loss pick-up from equity-method investments, which is accounted for under the equity-method and reported one quarter in arrears, mainly resulting from the loss pick-up from the Company's investment in Leju Holding Limited; and (iii) a $12.0 million net interest and other income.

Income tax expenses for the third quarter of 2018 were $68.1 million, compared to $24.6 million for the same period last year, largely attributable to the deferred tax liability recognized from the fair value changes of investments. Non-GAAP income tax expenses for the third quarter of 2018 were $27.8 million, compared to $24.8 million for the same period last year.

Net income attributable to SINA's ordinary shareholders for the third quarter of 2018 was $45.4 million, compared to $49.3 million for the same period last year. Diluted net income per share attributable to SINA's ordinary shareholders for the third quarter of 2018 was $0.62, compared to $0.66 for the same period last year. Non-GAAP net income attributable to SINA's ordinary shareholders for the third quarter of 2018 was $67.7 million, compared to $57.7 million for the same period last year. Non-GAAP diluted net income per share attributable to SINA's ordinary shareholders for the third quarter of 2018 was $0.93, compared to $0.77 for the same period last year.

As of September 30, 2018, SINA's cash, cash equivalents and short-term investments totaled $2.5 billion, compared to $3.4 billion as of December 31, 2017. The decrease of SINA's cash, cash equivalents and short-term investments was mainly resulted from continued investment activities and the execution of the Company's share repurchase program. For the third quarter of 2018, net cash provided by operating activities was $100.8 million, capital expenditures totaled $46.8 million, and depreciation and amortization expenses amounted to $9.9 million.

Financial Impact from New Revenue Guidance

As the Company adopted new revenue guidance ASC Topic 606 on January 1, 2018, results for reporting periods beginning after January 1, 2018 are presented under Topic 606 ('New Basis'), while prior period amounts are not adjusted and continue to be reported under Topic 605 ('Old Basis') , which is the Company's historic accounting method.

The Company's current period reported results which reflected the impact from the adoption of the new revenue guidance are as follows:


Three months ended September 30, 2018


Adjustments


Old Basis

ASC 605

?VAT


Barter
Transaction


New Basis
?
ASC 606


($ In thousands, except for percentage)

Net revenues

561,228


(31,490)


27,463


557,201

? - Portal

106,459


(5,857)


638


101,240

? - Weibo

459,232


(25,886)


26,825


460,171

Cost of revenues

145,305


(31,490)


-


113,815

Operating expenses

285,794


-


30,160


315,954

?? - Sales and marketing

155,318


-


30,160


185,478

Income from operations

130,129


-


(2,697)


127,432

Gross margin

74.1%






79.6%

Operating margin

23.2%






22.9%

Annual General Meeting

On November 23, 2018, the Company held its annual general meeting of shareholders, where the shareholders re-elected Mr. Yan Wang and Mr. James Jianzhang Liang as directors of the Company and ratified the appointment of PricewaterhouseCoopers Zhong Tian LLP as the Company's independent auditors for the fiscal year ending December 31, 2018. The shareholders also approved the adoption of the amended and restated memorandum and articles of association ("MAA") in substitution for and to the exclusion of the currently effective MAA of the Company.

Business Outlook

In light of macro-economic conditions and regulatory factors, we are revising our fiscal year 2018 net revenue guidance to a range of RMB 14.0 billion to RMB 14.2 billion, or $2.09 billion to $2.12 billion, assuming US dollar and RMB exchange rate of 6.70. It represents a year over year growth rate of 32% to 34% and reflects a 5% to 7% adjustment to the midpoint of the original revenue guidance.

Non-GAAP Measures

This release contains the following non-GAAP financial measures: non-GAAP net revenues, non-GAAP non-advertising revenues, non-GAAP advertising and non-advertising gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income attributable to SINA's ordinary shareholders and non-GAAP diluted net income per share attributable to SINA's ordinary shareholders. These non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company's financial performance prepared in accordance with U.S. GAAP. The Company's non-GAAP financial measures may be defined differently than similar terms used by other companies. Accordingly, care should be exercised in understanding how the Company defines its non-GAAP financial measures.?

The Company's non-GAAP financial measures exclude recognition of deferred revenues related to the license granted to Leju, stock-based compensation, amortization of intangible assets, goodwill impairment, adjustment for non-GAAP to GAAP reconciling items on the share of equity method investments, gain (loss) on sale of investment, deemed disposal, fair value changes and impairment on investment, and income tax effects of above non-GAAP to GAAP reconciling items and adjustment for non-GAAP to GAAP reconciling items for the income attributable to non-controlling interests and amortization of convertible debt issuance cost. The Company's management uses these non-GAAP financial measures in their financial and operating decision-making, because management believes these measures reflect the Company's ongoing business operations in a manner that allows more meaningful period-to-period comparisons. The Company believes that these non-GAAP financial measures provide useful information to investors and others in the following ways: (i) in comparing the Company's current financial results with the Company's past financial results in a consistent manner, and (ii) in understanding and evaluating the Company's current operating performance and future prospects in the same manner as management does, if they so choose. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gain/loss and other items (i) that are not expected to result in future cash payments or (ii) that are non-recurring in nature or may not be indicative of the Company's core operating results and business outlook.

Use of non-GAAP financial measures has limitations. The Company's non-GAAP financial measures do not include all income and expense items that affect the Company's operations.? They may not be comparable to non-GAAP financial measures used by other companies. Management compensates for these limitations by also considering the Company's financial results prepared in accordance with U.S. GAAP. Reconciliations of the Company's non-GAAP measures to the nearest comparable GAAP measures are set forth in the section below titled "Unaudited Reconciliation of Non-GAAP to GAAP Results."

Conference Call

SINA will host a conference call from 7:10 a.m.?- 7:40 a.m. Eastern Time on November 28, 2018 (or 8:10 p.m.?- 8:40 p.m. Beijing Time on November 28, 2018) to present an overview of the Company's financial performance and business operations. A live webcast of the call will be available through the Company's corporate website at http://ir-sina-com.homepach.com. The conference call can be accessed as follows:

US:??

+1 845 675 0438

Hong Kong:???

+852 3018 6776

China:

400 120 0654

International:

+65 6713 5440

Passcode for all regions:

7479215

A replay of the conference call will be available through morning Eastern Time December6, 2018. The dial-in number is +61 2 9003 4211. The passcode for the replay is 7479215.

About SINA

SINA is a leading online media company serving China and the global Chinese communities. Its digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile apps) and Weibo (social media) enables internet users to access professional media and user generated content in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances.

SINA.com offers distinct and targeted professional content on each of its region-specific websites and a full range of complementary offerings. SINA mobile provides news information, professional and entertainment content customized for mobile users through mobile applications and mobile portal site SINA.cn.

Weibo is a leading social media platform for people to create, distribute and discover content. Based on an open platform architecture, Weibo provides unprecedented and simple way for people and organizations to publicly express themselves in real time, interact with others on a massive global platform and stay connected with the world.

Through these properties and other product lines, SINA offer an array of online media and social media services to its users to create a rich canvas for businesses and advertisers to effectively connect and engage with their targeted audiences.

Safe Harbor Statement

This press release contains forward-looking statements that relate to, among other things, SINA's expected financial performance and SINA's strategic and operational plans (as described, without limitation, in quotations from management in this press release). SINA may also make forward-looking statements in the Company's periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "confidence," "estimates" and similar statements. SINA assumes no obligation to update the forward-looking statements in this press release and elsewhere. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to failure to meet internal or external expectations of future performance given the rapidly evolving markets; condition of the global financial and credit market; the uncertain regulatory landscape in China; fluctuations in the Company's quarterly operating results; the Company's reliance on online advertising sales and value-added services for a majority of its revenues; failure to successfully develop, introduce, drive adoption of or monetize new features and products, including portal, Weibo and fin-tech products; failure to enter and develop the small and medium enterprise market by the Company or through cooperation with other parties, such as Alibaba; failure to successfully integrate acquired businesses; risks associated with the Company's investments, including equity pick-up and impairment; and failure to compete successfully against new entrants and established industry competitors. Further information regarding these and other risks is included in SINA's 2017 annual reports on Form 20-F and other filings with the Securities and Exchange Commission.

Contact:

Investor Relations
SINA Corporation
Phone: +86 10 5898 3336
Email: ir@staff.sina.com.cn

?

?

?

SINA CORPORATION

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(U.S. Dollars in thousands, except per share data)















Three months ended


Nine months ended




September 30,


June 30,


September 30,




2018


2017


2018


2018


2017


Net revenues(1):











??? Advertising

$ ? ? ? ? ? ? ? ? ?483,806


$ ? ? ? ? ? ? ? ? ?363,958


$ ? ? ? ? ? ? ? ? ?454,091


$ ? ? ? ? ? ?1,304,978


$ ? ? ? ? ? ? ? 887,110


??? Non-advertising

73,395


79,191


83,269


230,335


193,036




557,201


443,149


537,360


1,535,313


1,080,146


Cost of revenues(1)(2):











??? Advertising??

92,407


85,757


80,583


256,105


225,636


??? Non-advertising

21,408


22,814


25,890


72,890


61,831




113,815


108,571


106,473


328,995


287,467


Gross profit

443,386


334,578


430,887


1,206,318


792,679














Operating expenses:











??? Sales and marketing (1)(2)

185,478


114,345


183,589


508,754


265,836


??? Product development (2)

91,545


70,509


83,877


260,559


188,415


??? General and administrative (2)

28,377


29,443


27,242


89,551


78,502


??? Goodwill and acquired intangibles impairment

10,554


-


-


10,554


-




315,954


214,297


294,708


869,418


532,753


Income from operations

127,432


120,281


136,179


336,900


259,926














Non-operating income:











?? Earning (Loss) from equity method investments, net

10,150


(11,105)


(2,527)


5,851


(13,227)


?? Gain (Loss) on sale of investments, fair value changes and impairment
???? on?investments, net?(3)

50,111


10,209


(16,396)


40,941


9,777


?? Interest and other income, net

17,051


11,994


20,116


54,265


31,452




77,312


11,098


1,193


101,057


28,002














Income before income taxes

204,744


131,379


137,372


437,957


287,928


Income tax expense

(68,129)


(24,555)


(27,858)


(114,737)


(57,516)














Net income

136,615


106,824


109,514


323,220


230,412


?? Less: Net income attributable to non-controlling interests

91,176


57,533


74,462


214,035


119,207














Net income attributable to SINA's ordinary shareholders

$ ? ? ? ? ? ? ? ? ? ? 45,439


$ ? ? ? ? ? ? ? ? ? ? 49,291


$ ? ? ? ? ? ? ? ? ? ? 35,052


$ ? ? ? ? ? ? ? 109,185


$ ? ? ? ? ? ? ? 111,205


























Basic net income per share

$ ? ? ? ? ? ? ? ? ? ? ? ? 0.66


$ ? ? ? ? ? ? ? ? ? ? ? ? 0.69


$ ? ? ? ? ? ? ? ? ? ? ? ? 0.49


$ ? ? ? ? ? ? ? ? ? ? ?1.55


$ ? ? ? ? ? ? ? ? ? ? ?1.56


Diluted net income per share (4)

$ ? ? ? ? ? ? ? ? ? ? ? ? 0.62


$ ? ? ? ? ? ? ? ? ? ? ? ? 0.66


$ ? ? ? ? ? ? ? ? ? ? ? ? 0.47


$ ? ? ? ? ? ? ? ? ? ? ?1.48


$ ? ? ? ? ? ? ? ? ? ? ?1.48














Shares used in computing basic net income per share

69,332


71,468


71,210


70,653


71,208














Shares used in computing diluted net income per share

71,322


74,213


73,553


72,962


73,924



























(1) ?On January 1, 2018, the Company adopted ASC 606 Revenue from Contracts with Customers using the modified retrospective method, which means that prior periods amount will be
reported on a historical basis and amounts for 2018 are reported on the new basis. Under the new accounting standard, the main impact to the Company is that it now reports revenue net of
value added tax and recognizes revenues and expenses at fair value for advertising barter transactions.














(2) ?Stock-based compensation in each category:












Cost of revenues

$ ? ? ? ? ? ? ? ? ? ? ? ? 3,775


$ ? ? ? ? ? ? ? ? ? ? ? ? 2,776


$ ? ? ? ? ? ? ? ? ? ? ? ? 2,890


$ ? ? ? ? ? ? ? ? ? ? ?9,206


$ ? ? ? ? ? ? ? ? ? ? ?7,112



Sales and marketing

7,414


5,568


6,474


18,768


15,420



Product development

11,205


9,073


7,735


26,427


22,731



General and administrative

9,012


8,410


6,915


23,335


23,940














(3) ?The Company adopted ASU 2016-1, Classification and Measurement of Financial Instrumentsbeginning the first quarter of fiscal year 2018. After the adoption of this new accounting
update, the Company measures long-term investments other than those accounted for under the equity method, at fair value through earnings.? The Company recognized $120.5 million of net
gain from fair value changes in the investments for the three months ended September 30, 2018.? For those investments without readily determinable fair values, the Company elected to record
these investments at cost, less impairment, and plus or minus subsequent adjustments for observable price changes. Changes in the basis of these investments are reported in current
earnings.?














(4)? Net income attributable to SINA's ordinary shareholders is adjusted for diluted shares issued by our subsidiary and equity method investments.






?

?

?

SINA CORPORATION

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. Dollars in thousands)













September 30,



December 31,





2018



2017



Assets



Current assets:








Cash and cash equivalents


$ ? ? ? ? ? ? ? 1,178,966



$ ? ? ? ? ? ? ? 1,990,552



Short-term investments


1,349,472



1,381,991



Restricted cash


106,579



216,151



Accounts receivable, net


458,504



285,681



Prepaid expenses and other current assets


415,930



228,238



????? Subtotal


3,509,451



4,102,613










Property and equipment, net


258,542



262,676


Goodwill and intangible assets, net


248,593



104,207


Long-term investments (1)


1,708,579



1,288,816


Other assets


95,687



57,082


Total assets


$ ? ? ? ? ? ? ? 5,820,852



$ ? ? ? ? ? ? ? 5,815,394











Liabilities and Shareholders' Equity



Current liabilities:








Accounts payable


$ ? ? ? ? ? ? ? ? ? 149,535



$ ? ? ? ? ? ? ? ? ?130,431



Amount due to customers


106,579



216,151



Accrued expenses and other current liabilities


459,823



446,779



Short-term bank loan


51,306



89,309



Convertible debt?


153,085



153,092



Deferred revenues


146,508



134,580



Income taxes payable


106,475



102,458



???? Subtotal


1,173,311



1,272,800










Convertible debt


883,089



879,983


Long-term deferred revenues


46,261



54,372


Other long-term liabilities


48,178



8,510



???? Total liabilities


2,150,839



2,215,665










Shareholders' equity








SINA shareholders' equity (1)?


2,701,822



2,846,842



Non-controlling interests


968,191



752,887



???? Total shareholders' equity?


3,670,013



3,599,729










Total liabilities and shareholders' equity


$ ? ? ? ? ? ? ? 5,820,852



$ ? ? ? ? ? ? ? 5,815,394










(1)The Company adopted ASU 2016-1, Classification and Measurement of Financial Instruments?beginning the first quarter
of fiscal year 2018. After the adoption of this new accounting update, the Company measures long-term investments other
than those investments accounted for under the equity method, at fair value through earnings.? For those investments
without readily determinable fair values, the Company elected to record these investments at cost, less impairment, and plus
or minus subsequent adjustments for observable price changes. Changes in the basis of these investments are reported in
current earnings. The cumulative impact arising from the adoption was a credit to retained earnings as of January 1, 2018 of
$49.0 million.









?

?

?

SINA CORPORATION

UNAUDITED ADDITIONAL INFORMATION

(U.S. Dollars in thousands)















Three months ended


Nine months ended




September 30,


June 30,


September 30,




2018


2017


2018


2018


2017














Net revenues











Portal:











Portal Advertising

$ ? ? ? ? ? ? ? ? ?74,533


$ ? ? ? ? ? ? ? ? ?87,432


$ ? ? ? ? ? ? ? ? ?84,173


$ ? ? ? ? ? ? ? 222,838


$ ? ? ? ? ? ? ? 225,154


Other

26,707


39,785


30,631


84,112


88,693


?Subtotal

101,240


127,217


114,804


306,950


313,847













Weibo:











Advertising and marketing

409,273


276,803


369,942


1,082,164


664,440


Weibo VAS

50,898


43,232


56,647


154,479


108,169


Subtotal

460,171


320,035


426,589


1,236,643


772,609













Elimination

(4,210)


(4,103)


(4,033)


(8,280)


(6,310)




$ ? ? ? ? ? ? ? 557,201


$ ? ? ? ? ? ? ? 443,149


$ ? ? ? ? ? ? ? 537,360


$ ? ? ? ? ? ?1,535,313


$ ? ? ? ? ? ?1,080,146














Cost of revenues











Portal:











Portal Advertising

$ ? ? ? ? ? ? ? ? ?30,501


$ ? ? ? ? ? ? ? ? ?30,502


$ ? ? ? ? ? ? ? ? ?28,546


$ ? ? ? ? ? ? ? ? ?88,420


$ ? ? ? ? ? ? ? ? ?85,631


Other

17,508


19,483


20,146


54,123


46,553


?Subtotal

48,009


49,985


48,692


142,543


132,184













Weibo

70,016


62,428


61,790


194,708


159,250














Elimination

(4,210)


(3,842)


(4,009)


(8,256)


(3,967)




$ ? ? ? ? ? ? ? 113,815


$ ? ? ? ? ? ? ? 108,571


$ ? ? ? ? ? ? ? 106,473


$ ? ? ? ? ? ? ? 328,995


$ ? ? ? ? ? ? ? 287,467














Gross margin











??? Portal

53%


61%


58%


54%


58%


??? Weibo

85%


80%


86%


84%


79%




80%


76%


80%


79%


73%


?

?

?

SINA CORPORATION

UNAUDITED RECONCILIATION OF NON-GAAP TO GAAP RESULTS

(U.S. Dollars in thousands, except per share data)









































Three months ended



September 30, 2018


September 30, 2017


June 30, 2018







Non-GAAP






Non-GAAP






Non-GAAP



Actual


Adjustments


Results


Actual


Adjustments


Results


Actual


Adjustments


Results




















Advertising revenues

$ ? ?483,806




$ ? ?483,806


$ ? ? 363,958




$ ? ?363,958


$ ? ?454,091




$ ? ?454,091

Non-advertising revenues

73,395


(2,609)

?(a)?

70,786


79,191


(2,609)

?(a)?

76,582


83,269


(2,609)

?(a)?

80,660

Net revenues

$ ? ?557,201


$ ? ? ? ? ? ? ?(2,609)


$ ? ?554,592


$ ? ? 443,149


$ ? ? ? ? ? ? ?(2,609)


$ ? ?440,540


$ ? ?537,360


$ ? ? ? ? ? ? ?(2,609)


$ ? ?534,751
























(2,609)

?(a)?





(2,609)

?(a)?





(2,609)

?(a)?






3,775

?(b)?





2,776

?(b)?





2,890

?(b)?


Gross profit

$ ? ?443,386


$ ? ? ? ? ? ? ? 1,166


$ ? ?444,552


$ ? ? 334,578


$ ? ? ? ? ? ? ? ? ? 167


$ ? ?334,745


$ ? ?430,887


$ ? ? ? ? ? ? ? ? ? 281


$ ? ?431,168
























(27,631)

?(b)?


















(1,354)

?(c)?





(23,051)

?(b)?





(21,124)

?(b)?






(10,554)

?(d)?





(1,538)

?(c)?





(1,523)

?(c)?


Operating expenses

$ ? ?315,954


$ ? ? ? ? ? (39,539)


$ ? ?276,415


$ ? ? 214,297


$ ? ? ? ? ? (24,589)


$ ? ?189,708


$ ? ?294,708


$ ? ? ? ? ? (22,647)


$ ? ?272,061
























(2,609)

?(a)?


















31,406

?(b)?





(2,609)

?(a)?





(2,609)

?(a)?






1,354

?(c)?





25,827

?(b)?





24,014

?(b)?






10,554

?(d)?





1,538

?(c)?





1,523

?(c)?


Income from operations

$ ? ?127,432


$ ? ? ? ? ? ? 40,705


$ ? ?168,137


$ ? ? 120,281


$ ? ? ? ? ? ? 24,756


$ ? ?145,037


$ ? ?136,179


$ ? ? ? ? ? ? 22,928


$ ? ?159,107
























(2,609)

?(a)?


















31,406

?(b)?











(2,609)

?(a)?






1,354

?(c)?





(2,609)

?(a)?





24,014

?(b)?






10,554

?(d)?





25,827

?(b)?





1,523

?(c)?






(6,879)

?(e)?





1,538

?(c)?





40

?(e)?






(50,111)

?(f)?





1,474

?(e)?





16,396

(f)






(2,845)

(g)





(10,209)

?(f)?





(8,849)

?(g)?






1,035

?(h)?





(7,391)

?(g)?





1,035

?(h)?






40,311

?(i)?





(254)

?(i)?





(85)

?(i)?


Net income attributable to SINA's ordinary shareholders

$ ? ? ?45,439


$ ? ? ? ? ? ? 22,216


$ ? ? ?67,655


$ ? ? ? ?49,291


$ ? ? ? ? ? ? ? 8,376


$ ? ? ?57,667


$ ? ? ?35,052


$ ? ? ? ? ? ? 31,465


$ ? ? ?66,517







































Diluted net income per share *

$ ? ? ? ? ? 0.62




$ ? ? ? ? ? 0.93


$ ? ? ? ? ? ?0.66




$ ? ? ? ? ? 0.77


$ ? ? ? ? ? 0.47




$ ? ? ? ? ? 0.89




















Shares used in computing diluted net income? per share

71,322


-


71,322


74,213


-


74,213


73,553


-


73,553







































Gross margin - advertising

81%


1%


82%


76%


1%


77%


82%


1%


83%

Gross margin - non-advertising

71%


-1%


70%


71%


-1%


70%


69%


-1%


68%

Operating margin

23%


7%


30%


27%


6%


33%


25%


5%


30%






















?Nine months ended?









September 30, 2018


September 30, 2017













Non-GAAP






Non-GAAP









Actual


Adjustments


Results


Actual


Adjustments


Results


























Advertising revenues

$1,304,978




$1,304,978


$ ? ? 887,110




$ ? ?887,110







Non-advertising revenues

230,335


(7,827)

?(a)?

222,508


193,036


(7,827)

?(a)?

185,209







Net revenues

$1,535,313


$ ? ? ? ? ? ? ?(7,827)


$1,527,486


$ ?1,080,146


$ ? ? ? ? ? ? ?(7,827)


$1,072,319






























(7,827)

?(a)?





(7,827)

?(a)?












9,206

?(b)?





7,112

?(b)?








Gross profit

$1,206,318


$ ? ? ? ? ? ? ? 1,379


$1,207,697


$ ? ? 792,679


$ ? ? ? ? ? ? ? ? (715)


$ ? ?791,964






























(68,530)

?(b)?


















(4,512)

?(c)?





(62,091)

?(b)?












(10,554)

?(d)?





(2,920)

?(c)?








Operating expenses

$ ? ?869,418


$ ? ? ? ? ? (83,596)


$ ? ?785,822


$ ? ? 532,753


$ ? ? ? ? ? (65,011)


$ ? ?467,742






























(7,827)

?(a)?


















77,736

?(b)?





(7,827)

?(a)?












4,512

?(c)?





69,203

?(b)?












10,554

?(d)?





2,920

?(c)?








Income from operations

$ ? ?336,900


$ ? ? ? ? ? ? 84,975


$ ? ?421,875


$ ? ? 259,926


$ ? ? ? ? ? ? 64,296


$ ? ?324,222






























(7,827)

?(a)?


















77,736

?(b)?


















4,512

?(c)?





(7,827)

?(a)?












10,554

?(d)?





69,203

?(b)?












(7,290)

(e)





2,920

?(c)?












(40,941)

?(f)?





1,773

?(e)?












(19,877)

?(g)?





(9,777)

?(f)?












3,105

?(h)?





(20,630)

?(g)?












40,247

?(i)?





1,038

?(i)?








Net income attributable to SINA's ordinary shareholders

$ ? ?109,185


$ ? ? ? ? ? ? 60,219


$ ? ?169,404


$ ? ? 111,205


$ ? ? ? ? ? ? 36,700


$ ? ?147,905













































Diluted net income per share *

$ ? ? ? ? ? 1.48




$ ? ? ? ? ? 2.28


$ ? ? ? ? ? ?1.48




$ ? ? ? ? ? 1.97


























Shares used in computing diluted net income per share

72,962


-


72,962


73,924


-


73,924













































Gross margin - advertising

80%


1%


81%


75%


-


75%







Gross margin - non-advertising

68%


-1%


67%


68%


-1%


67%







Operating margin

22%


6%


28%


24%


6%


30%


























(a)? To exclude the recognition of deferred revenue related to the license granted to Leju.

















(b)? To exclude stock-based compensation.


















(c)? To adjust amortization of intangible assets.


















(d) To exclude goodwill and acquired intangibles impairment


















(e)? To exclude the non-GAAP to GAAP reconciling items on the share of equity method investments, net of share of amortization of intangibles not on their books.









(f)? To exclude (gain) loss on sale of investments, (gain) loss on deemed disposal, fair value changes and impairment on investments, net.













(g)? To exclude Non-GAAP to GAAP reconciling items for the income attributable to non-controlling interests.















(h)? To exclude the amortization of convertible debt issuance cost.


















(i)? To exclude the provision (benefit) for income tax related to item (c) and (f). Other non-GAAP to GAAP reconciling items have no income tax effect.**






























*?

Net income attributable to SINA's ordinary shareholders is adjusted for diluted shares issued by our subsidiary and equity method investments.









**

The Company considered the tax implication arising from the reconciliation items, and those items recorded in entities in tax free jurisdictions were without relevant tax implications. For impairment on investments, valuation allowances were made for those differences the Company does not expect they can be realized in the foreseeable future.?




























UNAUDITED RECONCILIATION OF SINA'S SHARE OF EQUITY INVESTMENTS' NON-GAAP TO GAAP RESULTS*



































Three months ended



September 30, 2018


September 30, 2017


June 30, 2018



Actual


Adjustments


Non-GAAP
Results


Actual


Adjustments


Non-GAAP
Results


Actual


Adjustments


Non-GAAP
Results





















To exclude stock-based compensation



$ ? ? ? ? ? ? ? ? ? 674






$ ? ? ? ? ? ? ? 1,822






$ ? ? ? ? ? ? ? ? ? 833




To exclude amortization of intangible?



















? assets resulting from business acquisitions



1,079






1,127






1,115




To?exclude?(gain) loss?on?disposal and impairment on investments, net



1,245






327






75




To exclude gain resulting from the fair value changes in? investments, net



(9,187)






(1,745)






(1,313)




To exclude tax impacts related to amortization of intangible assets



(263)






(166)






(253)




Earning (Loss) from equity method investments, net

$ ? ? ? ?9,723


$ ? ? ? ? ? ? ?(6,452)


$ ? ? ? ?3,271


$ ? ? ?(10,996)


$ ? ? ? ? ? ? ? 1,365


$ ? ? ? (9,631)


$ ? ? ? (2,944)


$ ? ? ? ? ? ? ? ? ? 457


$ ? ? ? (2,487)


Share of amortization of equity investments'?



















? intangibles not on their books

364


(364)


-


(130)


130


-


351


(351)


-


Share of tax impacts related to amortization of?



















? equity investments' intangibles not on their books

63


(63)


-


21


(21)


-


66


(66)


-



$ ? ? ?10,150


$ ? ? ? ? ? ? ?(6,879)


$ ? ? ? ?3,271


$ ? ? ?(11,105)


$ ? ? ? ? ? ? ? 1,474


$ ? ? ? (9,631)


$ ? ? ? (2,527)


$ ? ? ? ? ? ? ? ? ? ? 40


$ ? ? ? (2,487)









































?Nine months ended?









September 30, 2018


September 30, 2017













Non-GAAP






Non-GAAP









Actual


Adjustments


Results


Actual


Adjustments


Results



























To exclude stock-based compensation



$ ? ? ? ? ? ? ? 2,091






$ ? ? ? ? ? ? ? 2,878










To exclude amortization of intangible?



















? assets resulting from business acquisitions



3,317






2,264










To?exclude?(gain) loss?on?disposal and impairment on investments, net



2,989






(1,313)










To exclude gain resulting from the fair value changes in?



















? investments, net



(13,839)






(2,343)










To exclude tax impacts related to amortization of intangible assets



(694)






(330)










Earning (Loss) from equity method investments, net

$ ? ? ? ?4,697


$ ? ? ? ? ? ? ?(6,136)


$ ? ? ? (1,439)


$ ? ? ?(12,610)


$ ? ? ? ? ? ? ? 1,156


$ ? ?(11,454)








Share of amortization of equity investments'?



















? intangibles not on their books

939


(939)


-


(778)


778


-








Share of tax impacts related to amortization of?