SINA.COM
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	3,068	2,690		2,753		13,771	11,537
Non-Advertising	161	830		634		1,169	1,938
Stock-based compensation	80	29		31		414	133
	3,309	3,549		3,418		15,354	13,608
Gross profit	2,470	5,014		3,697		11,329	14,900
Operating expenses
Sales and marketing	4,037	2,890		3,072		21,694	12,468
Product development	2,275	1,587		1,574		9,648	6,666
General and administrative	2,843	2,233		2,183		8,918	8,237
Stock-based compensation	1,330	473		520		7,097	2,208
Amortization of intangibles	1,687	-		1,687		6,765	5,063
	12,172	7,183		9,036		54,122	34,642
Loss from operations	(9,702)	(2,169)		(5,339)		(42,793)	(19,742)
Other income, net	1,485	717		1,068		7,336	4,212
Gain (loss) on equity investment	-	(442)		300		(894)	(562)
	$            (8,217)	$           (1,894)		$            (3,971)		$          (36,351)	$        (16,092)
Shares used in computing  basic and
diluted net loss per share	40,453	45,579		45,488		40,110	44,315
Basic and diluted net loss per share	$              (0.20)	$             (0.04)		$              (0.09)		$              (0.91)	$            (0.36)