Weibo (WB) Tops Q2 EPS by 5c; Guides Q3 Revenue Above the Street

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Weibo Reports Second Quarter 2016 Financial Results

August 8, 2016 4:31 PM EDT

BEIJING, Aug. 8, 2016 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB), a leading social media in China, today announced its unaudited financial results for the second quarter ended June 30, 2016.

Second Quarter 2016 Highlights

Net revenues increased 36% year over year to $146.9 million, exceeding the Company's guidance between $138 million and $143 million. Advertising and marketing revenue increased 45% year over year to $127.2 million. Weibo Value-Added Services ("VAS") revenue was $19.7 million, compared to $20.0 million for the same period last year. Net income attributable to Weibo... More