Weibo Reports Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
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Weibo (WB) Tops Q4 EPS by 18c, Revenues Beat
March 18, 2021 5:59 AM EDTWeibo (NASDAQ: WB) reported Q4 EPS of $0.92, $0.18 better than the analyst estimate of $0.74. Revenue for the quarter came in at $513.4 million versus the consensus estimate of $499.05 million.
Fourth Quarter 2020 Highlights
Net revenues were $513.4 million, an increase of 10% year-over-year or an increase of 3% year-over-year on a constant currency basis[1].Advertising and marketing revenues were $453.5 million, an increase of 12% year-over-year.Value-added service ("VAS") revenues were $59.9million, a decrease of 4%... More