Weibo Corp (NASDAQ: WB) reported a fiscal second-quarter revenue decline of 1% year-on-year to $437.87 million, beating the analyst consensus estimate of $436.95 million. The Chinese microblogging social network company’s revenue grew by 1% year-on-year on a constant basis.
Adjusted EPS of $0.48 beat the analyst consensus estimate of $0.41. The stock price gained after the results.
Weibo's advertising and marketing revenues declined by 3% Y/Y at $375.3 million. Value-added service (VAS) revenues increased 15% Y/Y to $62.6 million.
Monthly active users (MAUs) were 583 million in June 2024 ...
