Weibo (WB) Tops Q2 EPS by 2c

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Weibo Reports Second Quarter 2015 Results

August 18, 2015 4:30 PM EDT

BEIJING, Aug. 18, 2015 (GLOBE NEWSWIRE) -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB), a leading social media in China, today announced its unaudited financial results for the quarter ended June 30, 2015.

Second Quarter 2015 Highlights

Net revenues increased 39% year over year to $107.8 million, exceeding the Company's guidance between $102 million and $105 million. Advertising and marketing revenues increased 47% year over year to $87.9 million. Weibo Value Added Services ("Weibo VAS") revenues increased 13% year over year to $20.0 million. Net income attributable to Weibo's ordinary shareholders was $4.2... More