Weibo (WB) Reports In-Line Q3 Loss; Guides Q4 Revenue
Weibo (NASDAQ: WB) reported Q3 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $84.1 million versus the consensus estimate of $81.5 million.
- Advertising and marketing revenues grew 50% year over year to $65.4 million.
- Weibo Value Added Services ("Weibo VAS") revenues increased 93% year over year to $18.8 million.
"I'm delighted that Weibo reported another quarter of strong financial performance," stated Gaofei Wang, Weibo's CEO. "On the operational front, we are taking meaningful steps in growing Weibo's user base and engagements, as well as refining formats and improving relevance of our advertising products. In addition, we have made significant progress in expanding the scale of our payment system, building a solid foundation for long term growth of the social commerce eco-system on Weibo."
Weibo sees Q4 2014 revenue of $102-105 million, versus the consensus of $100.6 million.
For earnings history and earnings-related data on Weibo (WB) click here.
