Core Insights - Weibo Corporation reported revenue of $464.48 million for the quarter ended September 2024, reflecting a year-over-year increase of 5.1% and a positive surprise of 6.68% over the Zacks Consensus Estimate of $435.42 million [1] - The earnings per share (EPS) for the quarter was $0.53, down from $0.57 in the same quarter last year, but exceeded the consensus estimate of $0.46 by 15.22% [1] Financial Performance Metrics - Average daily active users (DAUs) were reported at 257 million, slightly below the estimated 257.95 million [3] - Monthly active users (MAUs) totaled 587 million, compared to the average estimate of 593.9 million [3] - Net revenues from value-added services reached $65.87 million, surpassing the average estimate of $57.82 million, marking a year-over-year increase of 24.6% [3] - Net revenues from advertising and marketing amounted to $398.62 million, exceeding the average estimate of $377.60 million, with a year-over-year growth of 2.4% [3] Stock Performance - Over the past month, Weibo's shares have declined by 5.6%, while the Zacks S&P 500 composite has increased by 0.6% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]
Here's What Key Metrics Tell Us About Weibo (WB) Q3 Earnings