Weibo Reports First Quarter 2021 Unaudited Financial Results
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Weibo Corp (WB) PT Raised to $60 at Jefferies Following Earnings
May 10, 2021 12:36 PM EDTJefferies analyst Thomas Chong raised the price target on Weibo Corp (NASDAQ: WB) to $60.00 (from $57.30) while maintaining a Buy rating.
... MoreWeibo (WB) Tops Q1 EPS by 10c, Revenues Beat
May 10, 2021 5:51 AM EDTWeibo (NASDAQ: WB) reported Q1 EPS of $0.57, $0.10 better than the analyst estimate of $0.47. Revenue for the quarter came in at $458.9 million versus the consensus estimate of $429.84 million.
First Quarter 2021 Highlights
Net revenues were $458.9 million, an increase of 42% year-over-year or an increase of 31% year-over-year on a constant currency basis [1].Advertising and marketing revenues were $390.0 million, an increase of 42% year-over-year.Value-added service ("VAS") revenues were $68.9... More