Weibo (WB) Tops Q2 EPS by 3c, Revenues Beat; Offers 3Q Revenue Outlook

Weibo (NASDAQ: WB) reported Q2 EPS of $0.68, $0.03 better than the analyst estimate of $0.65. Revenue for the quarter came in at $426.6 million versus the consensus estimate of $422.91 million.

"We continue to see great momentum in our business. Net revenues grew 68% year over year, while both MAUs and DAUs maintained their growth trajectories," said Gaofei Wang, Weibo's CEO. "As a leading social media platform with a full spectrum of media formats in China, we believe Weibo's larger user scale, enriched content ecosystem and strong social marketing capabilities will put us in a unique position to take advantage of the marketing budget shift toward mobile, social and video in the Chinese mobile internet market."

GUIDANCE:

Weibo sees Q3 2018 revenue of $465-475 million, versus the consensus of $471.07 million.

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

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