Weibo (WB) Tops Q2 EPS by 2c; Guides Q3 Revs Above the Street

Weibo (NASDAQ: WB) reported Q2 EPS of $0.38, $0.02 better than the analyst estimate of $0.36. Revenue for the quarter came in at $253.4 million versus the consensus estimate of $246.72 million.

"We continue to see great momentum in our business. Revenues from SMEs, key accounts and non-advertising all saw robust growth, while our profit and user base reached new highs," said Gaofei Wang, CEO of Weibo. "These strong results give us confidence that our strategy to focus on developing a unique and expansive content ecosystem, launching engaging features like Weibo Stories, and attracting KOLs, celebrities and other influencers to increase the social and viral nature of Weibo is boding well for us."

GUIDANCE:

Weibo sees Q3 2017 revenue of $290-300 million, versus the consensus of $276.14 million.

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

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