Weibo (WB) Tops Q2 EPS by 3c, Revenues Beat; Offers 3Q Revenue Outlook

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Weibo Reports Second Quarter 2018 Unaudited Financial Results

August 8, 2018 5:39 AM EDT

BEIJING, Aug. 8, 2018 /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, 2018.

"We continue to see great momentum in our business. Net revenues grew 68% year over year, while both MAUs and DAUs maintained their growth trajectories," said Gaofei Wang, Weibo's CEO. "As a leading social media platform with a full spectrum of media formats in China, we believe Weibo's larger user scale, enriched content ecosystem and strong social marketing... More