58.com Reports First Quarter 2020 Unaudited Financial Results

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Go back to 58.com Reports First Quarter 2020 Unaudited Financial Results

58.com (WUBA) Reports Q1 Revenues Beat

June 26, 2020 6:08 AM EDT

58.com (NYSE: WUBA) reported Q1 EPS of ($2.12), $2.04 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $361.4 million versus the consensus estimate of $313.44 million.

First Quarter 2020 Highlights

Total revenues were RMB2,560.3 million (US$361.4 million[1]), a 15.5% decrease from RMB3,028.3 million in the same quarter of 2019.Total number of paying business users[2] was approximately 2.7 million in the... More