logo
Plus   Neg
Share
Email

Weibo Q1 Profit Misses Estimates - Quick Facts

Weibo Corp. (WB) reported first quarter non-GAAP net income per share attributable to Weibo of $0.30, compared to $0.56, last year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.31, for the quarter. Analysts' estimates typically exclude special items.

First quarter total net revenues were $323.4 million, a decrease of 19% compared to $399.2 million, prior year. Analysts expected revenue of $312.52 million for the quarter.

Monthly active users were 550 million in March 2020, a net addition of approximately 85 million users on year over year basis. Mobile MAUs represented approximately 94% of MAUs. Average daily active users were 241 million in March 2020, a net addition of approximately 38 million users on year over year basis.

For the second quarter of 2020, Weibo estimates net revenues to decrease by 7% to 12% year-over-year on a constant currency basis.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
RELATED NEWS
Follow RTT