— Weibo Corporation (NASDAQ: WB) reported adjusted earnings of $0.77 per share for the third quarter of 2019, vs. $0.73 per share expected.
— Net income attributable to the company was $146.2 million or $0.64 per share, compared to $165.3 million or $0.73 per share last year
— Net revenues increased 2% year-over-year to $467.8 million, vs. $468.07 million expected
— Advertising and marketing revenues increased 1% year-over-year to $412.5 million
— There were 497 million monthly active users in September 2019, representing a net addition of about 51 million users annually
— Mobile monthly active users represented approximately 94% of the total users
— Average daily active users were 216 million at the end of September – a net addition of around 21 million users
— Expects net revenues to increase 0% to 3% year-over-year in Q4, on a constant currency basis
Most Popular
Does Unity Software (U) stock has more room to run?
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
Does the virus-driven boom make Electronic Arts (EA) a good investment?
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,
One thought on “Weibo Corporation (NASDAQ: WB): Q3 2019 Earnings Snapshot”
Comments are closed.