Weibo reports EPS in-line, beats on revs; sees Q2 revs down 7-12% yr/yr (36.60)
- Reports Q1 (Mar) earnings of $0.30 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $0.30; revenues fell 19.0% year/year to $323.4 mln vs the $315.02 mln S&P Capital IQ Consensus.
- Monthly active users 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 were 241 million in March 2020, a net addition of approximately 38 million users on year over year basis.
- For the second quarter of 2020, Weibo estimates its net revenues to decrease by 7% to 12% year-over-year on a constant currency basis.