Weibo (WB) Reports In-Line Q1 EPS; Issues Light Q2 Revenue Outlook
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Weibo Reports First Quarter 2015 Results
May 14, 2015 4:30 PM EDTBEIJING, May 14, 2015 (GLOBE NEWSWIRE) -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB), a leading social media in China, today announced its unaudited financial results for the quarter ended March 31, 2015.
First Quarter 2015 Highlights
Net revenues increased 43% year over year to $96.3 million, exceeding the Company's guidance between $93 million and $96 million. Advertising and marketing revenues increased 53% year over year to $79.2 million. Weibo Value Added Services ("Weibo VAS") revenues increased 9% year over year to $17.1 million. Net loss attributable to Weibo's ordinary shareholders decreased 94% year over year to $2.9 million,... More