Weibo (WB) Tops Q4 EPS by 19c, Offers Q1 Guidance
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Weibo Reports Fourth Quarter and Fiscal Year 2015 Financial Results
March 2, 2016 4:30 PM ESTBEIJING, March 02, 2016 (GLOBE NEWSWIRE) -- Weibo Corporation (Weibo or the Company) (NASDAQ: WB), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2015.
Fourth Quarter 2015 Highlights
Net revenues increased 42% year over year to $149.0 million, reaching the high end of the Companys guidance between $146 million and $149 million.Advertising and marketing revenue increased 47% year over year to $129.5 million.Weibo Value-Added Services (Weibo VAS) revenue increased 13% year over year to $19.5 million, despite a 31% year-over-year decline in... More