Weibo Corp (WB) PT Raised to $113 at Jefferies; Reiterates Buy
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Weibo Reports Third Quarter 2017 Financial Results
November 7, 2017 4:50 AM ESTBEIJING, Nov. 7, 2017 /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, 2017.
Third Quarter 2017 Highlights
Net revenues totaled $320.0 million, an increase of 81% year-over-year, exceeding the Company's guidance between $290 million and $300 million. Advertising and marketing revenues were $276.8 million, an increase of 77% year-over-year. Other revenues were $43.2 million, an increase of 114% year-over-year. Net income attributable to Weibo was $101.1 million, an increase of 215% year-over-year, and diluted net... More