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.

Also Read:  GameStop (GME) reports wider Q2 loss; sales fall 27%

Most Popular

Highlights of Aurora Cannabis (ACB) Q4 2020 earnings report

Aurora Cannabis, Inc. (NYSE: ACB) reported a wider loss for the fourth quarter of 2020, hurt by a 5% decrease in revenues. The company’s stock fell sharply during Tuesday’s after-hours

Infographic: Stitch Fix Q4 2020 earnings

Stitch Fix (NASDAQ: SFIX) reported fourth-quarter 2020 financial results after the closing bell on Tuesday. The company reported an 11% increase in Q4 revenues to $443.4 million, beating Wall Street

Nike Inc. (NKE) stock spikes after beating Q1 2021 estimates

Nike Inc.'s (NYSE: NKE) profit and revenue in the first quarter of fiscal 2021 surpassed the market's estimates and sent the NKE stock up by about 7% in the extended

Tags

Top