Weibo Reports First Quarter 2019 Unaudited Financial Results
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Weibo (WB) Tops Q1 EPS by 4c, Revenues Beat; Offers Q2 Revenue Guidance Below Consensus
May 23, 2019 6:17 AM EDTWeibo (NASDAQ: WB) reported Q1 EPS of $0.56, $0.04 better than the analyst estimate of $0.52. Revenue for the quarter came in at $399.2 million versus the consensus estimate of $398.82 million.
First Quarter 2019 Highlights
Net revenues increased 14% year-over-year to $399.2 million.Advertising and marketing revenues increased 13% year-over-year to $341.1 million.Value-added service ("VAS") revenues increased 24% year-over-year to $58.0 million.Net income attributable to Weibo was $150.4 million, an increase of 52%... More