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Weibo Posts Higher Q1 Adjusted Earnings, Revenue; Issues Q2 Revenue Growth Outlook

05/10/2021 02:03

06:00 AM EDT, 05/10/2021 (MT Newswires) -- Weibo (WB) reported Monday Q1 adjusted earnings of $0.57 per share, up from $0.30 per share a year earlier.

Analysts polled by Capital IQ projected adjusted EPS of $0.48.

Net revenue was $458.9 million, up from $323.4 million a year ago. The Street forecast was $433.8 million.

Monthly active users were 530 million in March, down 4% from a year ago.

Looking ahead, the company expects Q2 net revenue to grow by 25% to 30% year over year on a constant currency basis.

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