Weibo (WB) Tops Q4 EPS by 6c
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Weibo Reports Fourth Quarter and Fiscal Year 2016 Financial Results
February 22, 2017 4:30 PM ESTBEIJING, Feb. 22, 2017 /PRNewswire/ -- 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, 2016.
Fourth Quarter 2016 Highlights
Net revenues increased 43% year over year to $212.7 million, exceeding the Company's guidance between $205 million and $210 million. Advertising and marketing revenue increased 45% year over year to $187.9 million. Weibo Value-Added Services ("VAS") revenue increased 28% year over year to $24.9 million. Net income attributable to Weibo increased 125% year... More