Weibo Reports Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results
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Weibo (WB) Tops Q4 EPS by 5c, Revenues Miss; 'Anticipates Q1 Revenues to Decrease 15%-20%' Due to Coronavirus
February 26, 2020 5:54 AM ESTWeibo (NASDAQ: WB) reported Q4 EPS of $0.77, $0.05 better than the analyst estimate of $0.72. Revenue for the quarter came in at $468.1 million versus the consensus estimate of $469.73 million.
Fourth Quarter 2019 Highlights
Net revenues were $468.1 million, a decrease of 3% year-over-year or 2% year-over-year on a constant currency basis [1].Advertising and marketing revenues were $405.9 million, a decrease of 3% year-over-year.Value-added service ("VAS") revenues were $62.2 million, a decrease of 4% year-over-year.Net income attributable to Weibo was... More