Home¡¡|¡¡About Us¡¡|¡¡Sub-Parks¡¡|¡¡News & Events¡¡|¡¡Laws & Regulations¡¡|¡¡Highlight¡¡|¡¡Overseas Offices¡¡|¡¡Hi-tech Olympics
¡¡Home
¡¡About Us
¡¤ Z-Park Profile
¡¤ Z-Park Video Intro
¡¤ The Committee Intro
¡¤ Division Intro
¡¡Sub-Parks
¡¡News and Events
¡¡Laws and Regulations
¡¡Overseas Offices
 
Home > Home» News and Events» Sina Rises 87% on Ad Revenue
 
Sina Rises 87% on Ad Revenue
Editor: Tang Yuan Source: Shanghai Daily Publishing House 2008-05-16

SINA Corp, operator of China's largest Web portal, rose 87 percent in first-quarter profit on soaring advertising income.

Its net income reached US$16.1 million, or 27 US cents a share, in the quarter from a year earlier, and its sales climbed 39 percent to US$71.3 million under US accounting methods, the Shanghai-based company said yesterday.

The company's ad sales grew 51 percent to US$47.8 million and non-ad business rose 20 percent to US$23.5 million. The first quarter is usually the off-season for ad sales for the company, it said.

¡®We had an excellent first quarter to start the year,¡¯ the company said. ¡®The growth of our advertising revenue has been accelerating.¡¯

¡®We are equally pleased with our continued success in building our Web 2.0 product lines with the launch of SINA Space and SINA TV.¡¯

For the second quarter, the company said it expects revenue of US$88 million to US$90 million.

Sina is increasing spending on content construction and competing for resources such as copyright videos from Europe's leading soccer leagues to increase traffic and attract more advertisers.

 


 
£º£º£º Copyright © 2007 Administrative Committee of Zhongguancun Science Park £º£º£º
DigitalChina Support