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Weibo Q1 net revenues $323.4 million

Christian Fernsby ▼ | May 19, 2020
Weibo Corporation announced its unaudited financial results for the first quarter ended March 31, 2020.
Weibo
Weibo   Net revenues were $323.4 million, a decrease of 19% year-over-year
Net revenues were $323.4 million, a decrease of 19% year-over-year or 15% year-over-year on a constant currency basis.

Topics: Weibo

Advertising and marketing revenues were $275.4 million, a decrease of 19% year-over-year.

Value-added service ("VAS") revenues were $48.0 million, a decrease of 17% year-over-year.

Net income attributable to Weibo was $52.1 million and diluted net income per share was $0.23.

Non-GAAP net income attributable to Weibo was $67.4 million and non-GAAP diluted net income per share was $0.30.

Monthly active users ("MAUs") were 550 million in March 2020, a net addition of approximately 85 million users on year over year basis. Mobile MAUs represented approximately 94% of MAUs.

Average daily active users ("DAUs") were 241 million in March 2020, a net addition of approximately 38 million users on year over year basis.


 

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