|SINA Reports Second Quarter 2017 Financial Results|
Net revenues increased 47% year over year to $358.9 million. Non-GAAP net revenues increased 48% year over year to $356.3 million.
Advertising revenues increased 44% year over year to $295.2 million.
Non-advertising revenues increased 64% year over year to $63.8 million. Non-GAAP non-advertising revenues increased 68% year over year to $61.2 million.
Income from operations increased 355% year over year to $94.7 million. Non-GAAP income from operations increased 235% year over year to $115.5 million. Non-GAAP operating margin was 32%, up from 14% for the same period last year.
Net income attributable to SINA was $23.4 million, or $0.31 diluted net income per share attributable to SINA. Non-GAAP net income attributable to SINA was $52.7 million, or $0.70 non-GAAP diluted net income per share attributable to SINA.
Weibo's monthly active users ("MAUs") increased from 282 million in June 2016 to 361 million in June 2017, an increase of 28% year over year. Weibo's mobile MAUs represented 92% of Weibo's MAUs.
Weibo's average daily active users ("DAUs") had a net addition of approximately 33 million users year over year and reached 159 million in June 2017.