SINA.COM
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
(in thousands, except per share data)
		Three months ended					Twelve months ended
		June 30,			March 31,		June 30,
		2001	2002		2002		2001	2002
Net revenues
Advertising		$           5,008	$          5,833		$            5,001		$                  23,393	$                  21,105
Non-Advertising		771	2,730		2,114		3,290	7,403
		5,779	8,563		7,115		26,683	28,508
Cost of revenues
Advertising		3,001	2,690		2,753		13,704	11,537
Non-Advertising		161	830		634		1,169	1,938
		3,162	3,520		3,387		14,873	13,475
Gross profit		2,617	5,043		3,728		11,810	15,033
Operating expenses
Sales and marketing		4,012	2,890		3,072		21,669	12,468
Product development		2,227	1,587		1,574		9,600	6,666
General and administrative		1,969	2,233		1,920		7,836	7,974
		8,208	6,710		6,566		39,105	27,108
Loss from operations		(5,591)	(1,667)		(2,838)		(27,295)	(12,075)
Other income, net		1,485	717		1,068		7,336	4,212
Pro forma net loss		$         (4,106)	$            (950)		$          (1,770)		$                (19,959)	$                  (7,863)
Share used in computing pro forma basic and
diluted net loss per share		40,453	45,579		45,488		40,110	44,315
Pro forma basic and diluted net loss per share		$            (0.10)	$           (0.02)		$            (0.04)		$                     (0.50)	$                     (0.18)
Reconciliation from GAAP results to pro forma results:
GAAP net loss		$         (8,217)	$         (1,894)		$          (3,971)		$                (36,351)	$                (16,092)
Stock based compensation
	Cost of revenues	80	29		31		414	133
	operating expenses	1,330	473		520		7,097	2,208
Amortization of intangibles		1,687	-		1,687		6,765	5,063
Loss (Gain) from equity investments		-	442		(300)		894	562
Restructuring charges and moving expenses		1,014			263		1,222	263
Pro forma net loss		$         (4,106)	$            (950)		$          (1,770)		$                (19,959)	$                  (7,863)