Shares of Weibo (NASDAQ:WB) were flat in pre-market trading after the company reported Q1 results.
Earnings per share fell 46.43% year over year to $0.30, which missed the estimate of $0.31.
Revenue of $323,389,000 declined by 18.99% from the same period last year, which beat the estimate of $312,520,000.
Weibo hasn't issued any earnings guidance for the time being.
Q2 revenue expected to be between $380,016,000 and $401,607,000.
How To Listen To The Conference Call
Date: May 19, 2020
Time: 07:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/mcbbjjtr
Recent Stock Performance
52-week high: $56.85
52-week low: $29.50
Price action over last quarter: down 11.83%
Weibo is the largest social media platform in China. As of 2016, Weibo had 313 million monthly active users and 139 million daily active users, many of whom are drawn there by the millions of key opinion leaders in entertainment, sports, and business circles. Sina is the major shareholder, holding 49.9% of shares and with 75% voting power; Alibaba holds 31.5% of shares and 14.8% voting power.