Weibo (WB) Tops Q2 EPS by 5c; Guides Q3 Revenue Above the Street
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Weibo Reports Second Quarter 2016 Financial Results
August 8, 2016 4:31 PM EDTBEIJING, 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