Weibo: Weibo Ad Revenue And MAUs Drop In Q4, Stock Slides

Weibo Corp (NASDAQ: WB) reported a fiscal fourth-quarter revenue decline of 1% year-on-year to $456.83 million, beating the analyst consensus estimate of $437.87 million. The Chinese microblogging social network company's revenue remained flat Y/Y on a constant basis. Adjusted EPS of 40 cents beat the analyst consensus estimate of 39 cents.Also Read: Alibaba, Grab, Tencent, Meituan Gear Up For Growth As China Bets On Services To Revive EconomyWeibo's advertising and marketing revenues decreased by ...Full story available on Benzinga.com