Piper Jaffray Raises Price Target on Weibo (WB) Following 1Q Beat
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Weibo Reports First Quarter 2016 Financial Results
May 11, 2016 4:31 PM EDTBEIJING, May 11, 2016 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB), a leading social media in China, today announced its unaudited financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Highlights
Net revenues increased 24% year over year to $119.3 million, exceeding the Company's guidance between $111 million and $116 million. Advertising and marketing revenue increased 25% year over year to $99.2 million. Weibo Value-Added Services ("VAS") revenue increased 17% year over year to $20.0 million. Net income attributable to Weibo was $7.1 million,... MoreWhistler Blackcomb Holdings Inc. Announces Record Second Quarter and Year to Date Results
May 11, 2016 7:00 AM EDTWHISTLER, BC, May 11, 2016 /PRNewswire/ -Â Whistler Blackcomb Holdings Inc. (TSX: WB) (the "Company") today reported record financial results for the second quarter and year to date period ended March 31, 2016. Â The Company holds a 75% interest in and manages the entities that operate Whistler Blackcomb, the largest four-season mountain resort in North America.
Highlights
Total visits, which include skier visits and other visits, increased 26% to 2.0 million visits for the fiscal year to March 31, 2016, reflecting strong visitation from both regional and destination markets. Total visits for the fiscal year to May 9, 2016... More