SINA Reports First Quarter 2012 Financial Results

SINA Corporation (SINA), a leading online media company serving China and the global Chinese communities, today announced its unaudited financial results for the first quarter ended March 31, 2012.

First Quarter 2012 Highlights

• Net revenues increased 6% year over year to $106.2 million. Non-GAAP net revenues increased 6% year over year to $101.5 million, within the Company's guidance of between $101.0 million and $104.0 million.
• Advertising revenues grew 9% year over year to $78.5 million, within the Company's guidance of between $78.0 million and $80.0 million.

  Published: 16 May 2012

  Written by Editor

  Nasdaq   High Tech   Financial Results   Up on News   Interesting News  

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Yell, a leading provider of digital services, today announces a further important step in its creation of the local eMarketplace with the acquisition of Moonfruit Limited ("Moonfruit"), the UK’s leading DIY website and online shop builder. The total cash consideration for the acquisition is approximately £18 million, funded out of Yell’s cash reserves. Retention bonuses of up to £5.2 million will be paid to key Moonfruit management after two years, provided that they remain exclusively employed by Yell.

The deal is a significant move in Yell’s ongoing transformation from its established position in providing print and online advertising for small and medium-sized enterprises (SMEs) to become a leader in the emerging local eMarketplace.

FriendFinder Networks Inc. Reports Financial Results for First Quarter 2012

-- Live interactive revenues increased 14.1% year over year and 5.0% from prior quarter

-- New adult subscriptions increased 2.5% year over year and 12.6% from prior quarter

-- Adult Member to Subscriber conversion rates increased 8.7% year over year and 14.8% from prior quarter

FriendFinder Networks Inc. (FFN), a leading internet and technology company providing services in the rapidly expanding markets of social networking and web-based video sharing, today announced financial results for the first quarter ended March 31, 2012.  

New York, New York- May 14, 2012 - www.InvestorIdeas.com, a global investor research portal, specializing in sector research including tech stocks issues an investor alert for social networking stock, Groupon, Inc. (NasdaqGS: GRPN), trading at $11.84, up 1.94(19.60%) 2:59PM EDT on over 9.5 Million shares ahead of earnings .

 Groupon, launched in November 2008 in Chicago, features a daily deal on the best stuff to do, eat, see and buy in 48 countries around the world. Groupon uses collective buying power to offer huge discounts and provide a win-win for business and consumers, delivering more than 1,000 daily deals globally.Visit http://www.grouponworks.com