Weibo (WB) Tops Q3 EPS by 4c

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Weibo Reports Third Quarter 2016 Financial Results

November 21, 2016 4:30 PM EST

BEIJING, Nov. 21, 2016 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB), a leading social media in China, today announced its unaudited financial results for the third quarter ended September 30, 2016.

Third Quarter 2016 Highlights

Net revenues increased 42% year over year to $176.9 million, exceeding the Company's guidance between $168 million and $173 million. Advertising and marketing revenue increased 48% year over year to $156.7 million. Weibo Value-Added Services ("VAS") revenue increased 7% year over year to $20.2 million. Net income attributable to Weibo increased 122% year over year to $32.1... More