Weibo Reports Third Quarter 2020 Unaudited Financial Results
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Weibo (WB) Tops Q3 EPS by 6c, Revenues Beat
December 28, 2020 6:10 AM ESTWeibo (NASDAQ: WB) reported Q3 EPS of $0.66, $0.06 better than the analyst estimate of $0.60. Revenue for the quarter came in at $465.7 million versus the consensus estimate of $449.26 million.
Third Quarter 2020 Highlights
Net revenues were $465.7 million, flat year-over-year or a decrease of 4% year-over-year on a constant currency basis [1].Advertising and marketing revenues were $416.7 million, an increase of 1% year-over-year.Value-added service ("VAS") revenues were $49.1 million, a decrease of 11%... More