May 15, 2015 5:12 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Chinese firm
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NASDAQ: SINA) reported better-than-expected adjusted earnings for the first quarter on Thursday.SINA posted a quarterly net loss of $10.3 million, or $0.18 per share, versus a year-ago loss of $33.2 million, or $0.52 per share. Earnings items, the company's non-GAAP earnings slipped to $0.04 per share from $0.15 per share. Its revenue climbed 8 percent year-over-year to $184.6 million, while non-GAAP net revenue rose 9 percent to $182 million. Analysts were expecting a loss of $0.01 per share on revenue of $180.70 million.Advertising revenue surged 11 percent year-over-year to $150.4 million, while non-advertising revenue came in at $34.2 million in the first quarter.Gross margin for the first quarter shrank to 58 percent from 60 percent, while operating expenses climbed to $132.5 million from $111.7 million.As of March 31, 2015, SINA had $2.1 billion in cash, cash equivalents and short-term investments, versus $2.2 billion as of December 31, 2014."We are delighted that Weibo continued to show strong momentum in both operational and financial fronts." said Charles Chao, Chairman and CEO of SINA. "Weibo's mobile strategy has continued to deliver impressive results in both user traffic and revenue growth. With Weibo's firm execution in user growth, capitalizing on the shift to mobile by rolling out more mobile centric and social advertising products, we believe that the powerful social media platform and cohesive ecosystem that we have built up will better fulfill both users' and customers' needs at various dimensions."In March, Weibo's monthly active users climbed 38 percent year-over-year to 198 million.SINA shares fell 1.07 percent to close at $42.71 yesterday.
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