— Weibo Corporation (NASDAQ: WB) reported Q4 2019 earnings of $0.77 per share, vs. $0.72 expected.
— Revenues fell 3% to $468.1 million, vs. $468.9 million expected.
— Advertising and marketing revenues fell 3% to $405.9 million.
— Value-added services revenue dropped 4% to $62.2 million.
— Monthly active users were 516 million in December 2019, reflecting an increase of around 54 million users year-over-year.
— Average daily active users were 222 million in December 2019, an increase of approx. 22 million users year-over-year.
— Q1 2020 revenues are expected to decrease by 15-20% year-over-year on a constant currency basis.
— WB shares were down over 10% in premarket hours on Wednesday.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
MRK Earnings: Merck Q1 2024 profit jumps on 9% revenue growth
Pharmaceutical company Merck & Co. Inc. (NYSE: MRK) reported a sharp increase in adjusted earnings for the first quarter of 2024, aided by an increase in revenues. First-quarter worldwide sales
Infographic: A snapshot of Caterpillar’s (CAT) Q1 2024 financial results
Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, on Thursday reported first-quarter 2024 financial results. Sales and revenues for the first quarter of 2024 were $15.8
AAL Earnings: Key quarterly highlights from American Airlines’ Q1 2024 financial results
American Airlines Group Inc. (NASDAQ: AAL) reported its first quarter 2024 earnings results today. Total operating revenues increased 3.1% year-over-year to $12.5 billion. Net loss amounted to $312 million, or $0.48
