On Tuesday, Shares of SINA Corp (NASDAQ:SINA), included 10.05% and shut at $74.05 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $69.05 and $75.00. SINA Corporation (the “Company” or “SINA”) (SINA), a leading online media company serving China and the global Chinese communities, recently declared its unaudited financial results for the third quarter ended September 30, 2016.
Third Quarter 2016 Highlights
Net revenues raised 21% year over year to $274.9 million. Non-GAAP net revenues raised 22% year over year to $272.3 million.
Advertising revenues grew 21% year over year to $233.6 million.
Income from operations raised 147% year over year to $36.3 million. Operating margin was 13%, up from 6% for the same period last year. Non-GAAP income from operations raised 99% year over year to $56.5 million. Non-GAAP operating margin was 21%, up from 13% for the same period last year.
Net income attributable to SINA was $146.5 million, or $1.90 diluted net income per share. Non-GAAP net income attributable to SINA was $43.7 million, or $0.56 diluted net income per share.
Weibo’s monthly active users (“MAUs”) in September 2016 grew 34% year over year to 297 million, 89% of which were mobile users. Average daily active users (“DAUs”) in September 2016 grew 32% year over year to 132 million.
Shares of Twenty-First Century Fox Inc (NASDAQ:FOX), added 1.48% and shut at $28.14 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $27.68 and $28.19. The association’s commercial center capitalization is $52.36 Billion with the general uncommon loads of 798.52 million. AT&T* and Fox Networks Group recently declared they have reached a contract to extend the Fox portfolio of networks across AT&T DIRECTV products counting AT&T’s new streaming service DIRECTV NOW. AT&T is launching DIRECTV NOW later this month.
Fox programming available to DIRECTV NOW customers will include: Fox News Channel, Fox Business Network, FX, FXX, FXM, FS 1, FS 2, Big Ten Network, 18 Fox regional sports networks, National Geographic and Nat Geo Wild. The parties have also agreed on a framework for FOX Broadcasting Company programming to be delivered to DIRECTV NOW customers nationwide.
AT&T DIRECTV and U-Verse customers will continue to enjoy Fox broadcast stations, cable and regional sports networks live and on-demand through linear TV, online, and TV Everywhere apps. DIRECTV customers will also have access to 4K content from Fox’s marquee sports properties counting MLB regular season and playoff games, top college football and basketball games, NASCAR races and FIFA World Cup games.