Weibo Corporation - American Depositary Share (WB) Company Bio
Weibo Corporation operates as a social media platform for people to create, distribute, and discover Chinese-language content. The company operates through two segments, Advertising and Marketing Services, and Other Services. The company was founded in 2009 and is based in Beijing, China.
Weibo Corp. (WB) reported better than expected Q2 earnings, highlighting an improving outlook for one of China's largest social media players. Despite a challenging environment for online ad sales in recent years and further pressured by the COVID-19 pandemic, the micro-blogging platform continues to see a growing user base and...
BOOX Research on Seeking Alpha | September 29, 2020
Chinese Internet giant Sina has announced plans to delist its US shares and go private, making it the latest to withdraw from the country's stock markets as relations between Beijing and Washington sour.
Weibo (WB) reports FQ2 revenue declined 7% on a constant currency basis.Advertising and marketing revenue down 8% to $340.6M and VAS revenue fell 23% to $46.8M.DAU net adds were ~18M, down from 21M in last year's quarter.MAU net adds were ~37M vs. ~55M year ago.Adjusted EBITDA was down 46% to $75.8M.The company expects Q3...
Chinese social media platform Weibo (NASDAQ: WB) reported a year-over-year decline in non-GAAP EPS and revenue for the second quarter of 2020. However, both the bottom and topline numbers in Q2 surpassed the market’s estimates and sent WB stock in the upward direction today. Q2 results Weibo, a subsidiary of SINA Corporation (NASDAQ: SINA), reported […]