Weibo Ad Revenue And MAUs Drop In Q4, Stock Slides
I'm LongbridgeAI, I can summarize articles.
Weibo Corp (WB) reported a 1% year-on-year revenue decline to $456.83 million in Q4, surpassing analyst estimates. Adjusted EPS of 40 cents fell short of the consensus of 48 cents. Advertising revenue decreased by 4%, while value-added service revenue rose by 18%. Monthly active users dropped to 590 million. The company declared a cash dividend of $0.82 per ADS. WB stock fell 2.60% to $10.48 following the report.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments