Weibo (WB) Tops Q4 EPS by 6c; Guides Q1 Revs Above the Street
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Weibo Reports Fourth Quarter and Fiscal Year 2017 Unaudited Financial Results
February 13, 2018 4:00 AM ESTBEIJING, Feb. 13, 2018 /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, 2017.
Fourth Quarter 2017 Highlights
Net revenues totaled $377.4 million, an increase of 77% year-over-year, exceeding the Company's guidance between $355 million and $365 million. Advertising and marketing revenues were $332.3 million, an increase of 77% year-over-year. Value-added service ("VAS") revenues were $45.1 million, an increase of 81% year-over-year. Net income attributable to Weibo was $131.0 million, an increase of... More