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Weibo Corporation (NASDAQ: WB): Q3 2019 Earnings Snapshot

By Staff Correspondent |
Earnings Update by AlphaStreet

— 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

Weibo's (WB) active users trend

— 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

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