Benzinga | Sep 28, 2020 07:48AM EDT

Weibo: Q2 Earnings Insights

Shares of Weibo (NASDAQ:WB) moved higher by 4.9% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 26.47% over the past year to $0.50, which beat the estimate of $0.46.

Revenue of $387,393,000 declined by 10.29% year over year, which beat the estimate of $379,940,000.

Guidance

Q3 revenue expected between $435,010,000 and $444,365,000.

How To Listen To The Conference Call

Date: Sep 28, 2020

Time: 07:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/a3u52vua

Technicals

Company's 52-week high was at $55.52

Company's 52-week low was at $28.93

Price action over last quarter: Up 1.43%

Company Profile

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.