Categories Earnings, Technology

Weibo Corporation (WB): Q4 2019 Earnings Snapshot

— 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.

Weibo quarterly user trend

— 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.

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