WB - Weibo Beats Q1 Revenue And EPS Estimates Despite Yearly Decline - What's On The Cards? | Benzinga
Weibo Corp (NASDAQ: WB) reported a fiscal first-quarter 2024 revenue decline of 4% year-on-year to $395.5 million, beating the analyst consensus estimate of $392.5 million. Revenue of the Chinese social network company was flat Y/Y on a CC basis.
Adjusted EPS of $0.41 beat the analyst consensus estimate of $0.36. The stock price gained after the results.
Weibo’s advertising and marketing revenues declined by 5% Y/Y at $339.0 million. Value-added service (VAS) revenues decreased 3% Y/Y to $56.5 million.
Monthly active users (MAUs) ...