Weibo Reports Second Quarter 2019 Unaudited Financial Results

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Go back to Weibo Reports Second Quarter 2019 Unaudited Financial Results

Weibo (WB) Tops Q2 EPS by 9c, Revenues Beat

August 19, 2019 5:50 AM EDT

Weibo (NASDAQ: WB) reported Q2 EPS of $0.68, $0.09 better than the analyst estimate of $0.59. Revenue for the quarter came in at $431.8 million versus the consensus estimate of $429.25 million.

Second Quarter 2019 Highlights

Net revenues increased 1% year-over-year to $431.8 million, representing an increase of 7% on a constant currency basis [1].Advertising and marketing revenues were $370.7 million, flattish year-over-year.Value-added service ("VAS") revenues increased 8% year-over-year to... More