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Thursday, May 23, 2019

Weibo (WB) reported earnings on Thur 23 May 2019 (b/o)

** charts before earnings **


 





** charts after earnings **







Weibo beats by $0.04, reports revs in-line; guides Q2 revs below consensus
  • Reports Q1 (Mar) earnings of $0.56 per share, $0.04 better than the S&P Capital IQ Consensus of $0.52; revenues rose 14.1% year/year to $399.18 mln vs the $399.65 mln S&P Capital IQ Consensus.
  • Monthly active users ("MAUs") were 465 million in March 2019, a net addition of approximately 54 million users on year over year basis. Mobile MAUs represented approximately 94% of MAUs.
  • Average daily active users ("DAUs") were 203 million in March 2019, a net addition of approximately 19 million users on year over year basis.
  • Co issues downside guidance for Q2, sees Q2 revs of $427-437 mln vs. $483.93 mln S&P Capital IQ Consensus.

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