— 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
Shares of Yelp (NYSE: YELP) were down over 15% on Friday, a day after the company reported a decline in revenue along with a net loss for the second quarter
The US economy added 1.8 million jobs in July, marking the third consecutive month of employment growth as the country recovers from the coronavirus pandemic that has caused widespread disruption.
Yelp (NYSE: YELP) reported second-quarter financial results after the regular trading hours on Thursday. The results were better than what the street had anticipated. YELP shares rose 4% immediately following the