Weibo (WB) Tops Q2 EPS by 5c; Guides Q3 Revenue Above the Street
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Weibo (NASDAQ: WB) reported Q2 EPS of $0.16, $0.05 better than the analyst estimate of $0.11. Revenue for the quarter came in at $146.9 million versus the consensus estimate of $141.15 million.
Weibo sees Q3 2016 revenue of $168-173 million, versus the consensus of $165.29 million.
"Weibo is benefiting from the strong adoption of social marketing with key account and SME revenues growing 73% and 107% year over year, respectively, in the second quarter." said Gaofei Wang, Weibo's CEO. "User growth continues to be robust, especially coming from mobile, where we are seeing short video and live video taking off. Additionally, we are seeing strong operating leverage from Weibo's financial model, resulting from strong revenue growth, coupled with the platform nature of our business model."
For earnings history and earnings-related data on Weibo (WB) click here.
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