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Weibo (WB) Earnings: 3Q20 Key Numbers

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!

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