Weibo Corporation (WB) Reports In-Line Q2 EPS, Offers Q3 Guidance

Weibo Corporation (NASDAQ: WB) reported Q2 EPS of ($0.03), in-line with the analyst estimate of ($0.03). Revenue for the quarter came in at $77.3 million versus the consensus estimate of $75.87 million.

Weibo Corporation sees Q3 2014 revenue of $79 - $82 million, versus the consensus of $78.9 million.

"I'm happy that we were able to deliver strong financial results for the first quarter after Weibo's IPO. In May 2014, we launched our native ad products to brand advertising customers and began to implement our payment solutions to drive social commerce on Weibo. With these initiatives we are laying solid groundwork for our future growth," stated Gaofei Wang, Weibo's CEO. "At the same time growing user scale and activities remains our top priority. During the second quarter, we built new product experiences that integrate Weibo with TV shows and other live events. We believe the innovation will ultimately create great value for TV stations, brand advertisers as well as Weibo through greater engagements and live reach among TV audience. Going forward, we will continue to focus on enhancing user experience through product innovation."

For earnings history and earnings-related data on Weibo Corporation (WB) click here.

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