Weibo (WB) Reports In-Line Q4 EPS, Offers Q1 Guidance
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Weibo Reports Fourth Quarter and Fiscal Year 2014 Financial Results
March 10, 2015 4:30 PM EDTBEIJING, China, March 10, 2015 (GLOBE NEWSWIRE) -- Weibo Corporation (the "Company" or "Weibo") (Nasdaq: WB), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2014.
Fourth Quarter 2014 Highlights
Net revenues increased 47% year over year to $105.2 million, exceeding the Company's guidance between $102 million and $105 million. Advertising and marketing revenues grew 57% year over year to $88.0 million. Weibo Value Added Services ("Weibo VAS") revenues increased 12% year over year to $17.2 million. Net income attributable to Weibo's ordinary shareholders... More