Sina Conference Call Highlights

Sina (NASDAQ: SINA) reported its second quarter earnings on Friday. Shares of the company are up four percent.Below are some key highlights from its conference call:• The monthly active user for the month of June grow by 30% compared to the same period of last year and reached 156.5 million. • The non-advertising revenues suffered a year-over-year decline in the second quarter as we continue to scale down our mobile value added service business.• SINA remained the majority shareholder of Weibo, holding approximately 58% or 54% fully diluted basis of Weibo's total outstanding shares.• The monthly active user for the month of June grow by 30% compared to the same period of last year and reached 156.5 million. • Cash equivalents and short-term investments totaled $2.3 billion compared to $1.9 billion as of December 31, 2013.Guidance:• Under the $500 million share repurchase program approved by our board of directors, as of August 13, 2014.• For the third quarter of 2014, we are targeting non-GAAP net revenues between $193 million and $199 million, representing an increase of 7% to 11% year-over-year.