Weibo (WB) Tops Q3 EPS by 4c, Offers Q4 Guidance

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Weibo Reports Third Quarter 2015 Results

November 18, 2015 4:30 PM EST

BEIJING, Nov. 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 September 30, 2015.

Third Quarter 2015 Highlights

Net revenues increased 48% year over year to $124.7 million, exceeding the Company's guidance between $120 million and $123 million. Advertising and marketing revenue increased 62% year over year. Weibo Value Added Services ("Weibo VAS") revenue increased 1% year over year, despite a 72% year-over-year decline in revenue from data licensing, a deemphasized business. Net income... More