SINA.COM
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
(in thousands, except per share data)
	Three months ended					Nine months ended
	March 31			December 31		March 31
	2001	2002		2001		2001	2002
Net revenues
Advertising	$              5,429	$             5,001		$              5,127		$           18,385	$         15,272
Software products	425	171		296		1,815	776
E-Commerce and other	275	1,943		1,346		704	3,897
	6,129	7,115		6,769		20,904	19,945
Cost of revenues
Advertising	3,377	2,753		3,068		10,704	8,847
Software products	69	1		9		624	35
E-Commerce and other	115	633		388		384	1,073
Stock-based compensation	96	31		32		334	104
	3,657	3,418		3,497		12,046	10,059
Gross profit	2,472	3,697		3,272		8,858	9,886
Operating expenses
Sales and marketing	5,634	3,072		3,178		17,657	9,578
Product development	2,364	1,574		1,583		7,372	5,079
General and administrative	2,063	2,183		1,926		6,074	6,004
Stock-based compensation	1,583	520		533		5,767	1,735
Amortization of intangibles	1,688	1,687		1,688		5,077	5,063
	13,332	9,036		8,908		41,947	27,459
Loss from operations	(10,860)	(5,339)		(5,636)		(33,089)	(17,573)
Other income, net	1,850	1,068		1,123		5,850	3,495
Gain (loss) on equity investment	-	300		(420)		(894)	(120)
	$            (9,010)	$           (3,971)		$            (4,933)		$          (28,133)	$        (14,198)
Shares used in computing  basic and
diluted net loss per share	40,300	45,488		45,396		39,996	43,894
Basic and diluted net loss per share	$              (0.22)	$             (0.09)		$              (0.11)		$              (0.70)	$            (0.32)