Weibo Reports Second Quarter 2020 Unaudited Financial Results
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Weibo (WB) Tops Q2 EPS by 4c, Revenues Beat
September 28, 2020 5:57 AM EDTWeibo (NASDAQ: WB) reported Q2 EPS of $0.50, $0.04 better than the analyst estimate of $0.46. Revenue for the quarter came in at $387.4 million versus the consensus estimate of $380.35 million.
Second Quarter 2020 Highlights
Net revenues were $387.4 million, a decrease of 10% year-over-year or 7% year-over-year on a constant currency basis [1].Advertising and marketing revenues were $340.6 million, a decrease of 8% year-over-year.Value-added service ("VAS") revenues... More