Weibo Corporation (NASDAQ: WB) reported third quarter 2020 earnings results today.
Net revenues remained relatively flat year-over-year at $465.7 million but dropped 4% on a constant currency basis.
Net income attributable to Weibo was $33.8 million, or $0.15 per share, compared to $146.2 million, or $0.64 per share, in the year-ago period. Adjusted net income was $152.9 million, or $0.66 per share.
Monthly active users were 511 million in September 2020, up approx. 14 million year-over-year.
For the fourth quarter of 2020, Weibo estimates net revenues to increase by 1-3% year-over-year on a constant currency basis.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Coca-Cola (KO) Q1 2021 earnings release
The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The
Earnings calendar for the week of April 19
The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500
Undeterred by crisis, Bank of America stays in expansion mode
Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage
