Chinese portal Sina says profits tumble

Feb 20, 2013 by The Associated Press

(AP)—Chinese portal Sina Corp.'s quarterly profit tumbled 75 percent on relatively small revenue for its microblog service.

Sina said Wednesday it earned $2.4 million in the three months ending Dec. 31, compared with $9.3 million a year earlier. Revenue rose 4 percent to $139.1 million.

Online rose 7 percent to $110.7 million. Non-advertising revenues, mostly from the company's popular Sina Weibo microblog service, rose 181 percent but stood at just $10.6 million.

"2012 was a year of investment for Sina," said chairman Charles Chao. "In 2013, we will continue to improve user experience and expand the scale of Weibo , while turn our focus to mobile Internet for all of our major product lines."

offers online and mobile media as well its microblog service.

Explore further: Starbucks: Computer outage disrupts sales in US, Canada

0 shares

Related Stories

Sina says quarterly profit triples

Aug 16, 2012

(AP) — Sina Corp., which operates a popular Chinese Internet portal, said Thursday its quarterly earnings tripled but cautioned that its fast-growing Weibo microblog service is unlikely to produce significant operating ...

Web portal Sina posts $336 million quarterly loss

Nov 09, 2011

(AP) -- Sina Corp., a popular Chinese web portal operator, sank to a loss in the latest quarter due to writedowns on investments in two online businesses but revenues and microblog traffic were up.

China's Sina says microblog controls damaging

Feb 28, 2012

Chinese web giant Sina warned Tuesday that government requirements for microbloggers to register their real names before posting messages will hurt activity on its popular social networking site.

China's biggest microblog tops 200 million users

Aug 18, 2011

A popular social networking service used by Chinese people to vent their anger over a deadly July train crash now has more than 200 million users, owner Sina.com said Thursday.

Chinese portal Sohu says profit down, revenue up

Feb 04, 2013

Sohu.com Inc., which operates a popular Chinese Internet portal, said Monday its quarterly profit fell 9 percent as rising expenses offset strong revenue growth for online games.

Recommended for you

How smart are the mobile shoppers who use smartphones?

Apr 24, 2015

In the age of the smart phone, how smart are the mobile shoppers who use these almost ubiquitous devices? A study from South Korea published in the International Journal of Mobile Communications hopes to answer that questi ...

India's Infosys gives muted earnings, stock falls

Apr 24, 2015

Indian software giant Infosys Technologies saw its shares dip nearly seven percent Friday after it reported a single digit rise in yearly revenues and also missed quarterly profit estimates.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.