Weibo Reports First Quarter 2020 Unaudited Financial Results

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Go back to Weibo Reports First Quarter 2020 Unaudited Financial Results

Weibo (WB) Misses Q1 EPS by 1c, Revenues Beat

May 19, 2020 6:08 AM EDT

Weibo (NASDAQ: WB) reported Q1 EPS of $0.30, $0.01 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $323.4 million versus the consensus estimate of $312.52 million.

First Quarter 2020 Highlights

Net revenues were $323.4 million, a decrease of 19% year-over-year or 15% year-over-year on a constant currency basis [1].Advertising and marketing revenues were $275.4 million, a decrease of 19% year-over-year.Value-added service ("VAS") revenues were $48.0 million, a decrease of 17% year-over-year.Net... More