Weibo (WB) Tops Q2 EPS by 2c; Guides Q3 Revs Above the Street
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Weibo Reports Second Quarter 2017 Financial Results
August 9, 2017 5:30 AM EDTBEIJING, Aug. 9, 2017 /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, 2017.
Second Quarter 2017 Highlights
Net revenues totaled $253.4 million, an increase of 72% year-over-year, exceeding the Company's guidance between $240 million and $250 million. Advertising and marketing revenues were $218.3 million, an increase of 72% year-over-year. Other revenues were $35.0 million, an increase of 78% year-over-year. Net income attributable to Weibo was $73.5 million, an increase of 184% year-over-year, and diluted net... More