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Sina's Q4 revenue jumps 43 pct as Weibo soars
February 24, 2014 / 9:50 PM / 4 years ago

Sina's Q4 revenue jumps 43 pct as Weibo soars

Feb 24 (Reuters) - Sina Corp’s revenue soared 43 percent in the fourth quarter despite strong competition from Tencent Holdings Ltd’s WeChat as its Weibo messaging service more than doubled advertising sales.

Sina posted non-GAAP revenues of $192.3 million in the fourth quarter, compared with an average forecast for $192.2 million, according to Thomson Reuters I/B/E/S.

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