Categories Earnings, Technology

58.com (NYSE: WUBA): Q4 2019 Earnings Snapshot

— 58.com Inc. (NYSE: WUBA), which operates online classifieds and listing platforms, reported adjusted earnings of $4.63 per ADS for the fourth quarter of 2019, versus $0.80 per ADS expected.

— Net income attributable to shareholders surged more than five-fold to RMB 2.61 billion or $374.1 million

Earnings Update by AlphaStreet

— Total revenues increased 15% annually to RMB 4.16 billion or $595.7 million, vs. $587.26 million expected

— Membership revenues were relatively flat, compared to last year, while online marketing services revenues advanced 19%

— There were around 3.3 million paying customers in the fourth quarter of 2019, up 4.2% year-over-year

— Expects first-quarter 2020 revenues to be between RMB 2.16 billion and RMB 2.26 billion, representing 25-29% year-over-year decrease

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Infographic: How Macy’s (M) performed in Q4 2023 financial results

Macy’s, Inc. (NYSE: M) reported fourth quarter 2023 earnings results today. Net sales were $8.1 billion, down 1.7% versus the same period a year ago. Total revenue dropped to $8.37

AZO Earnings: AutoZone’s Q2 2024 earnings rise on higher sales

AutoZone, Inc. (NYSE: AZO) announced financial results for the second quarter of 2024, reporting higher sales and net profit. The company had a total of 7,191 stores open at the end

SJM Earnings: Key quarterly highlights from J.M. Smucker’s Q3 2024 financial results

The J.M. Smucker Co. (NYSE: SJM) reported third quarter 2024 earnings results today. Net sales increased 1% year-over-year to $2.23 billion. Organic sales increased 6%. Net income decreased 42% to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top