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

Electronic Arts (EA) Q4 earnings drop and miss estimates; revenue down 3%

Video game company Electronic Arts, Inc. (NASDAQ: EA) reported lower earnings and revenues for the fourth quarter of 2021. Earnings also missed analysts' forecast. During the March quarter, net bookings

What lies in store for Tyson Foods (TSN) this year?

Shares of Tyson Foods Inc. (NYSE: TSN) were in green territory during afternoon hours on Tuesday. The stock has gained 32% over the past 12 months and 23% since the

Virgin Galactic (SPCE) fails to impress market amid looming uncertainty

Space tourism company Virgin Galactic Holdings, Inc. (NYSE: SPCE) ended the first quarter of 2021 without generating revenue and continued the losing streak even as uncertainty over its test flight

Tags

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