The Latest in IT Security

Weibo second-quarter revenue doubles as ad sales jump

15
Aug
2014

(Reuters) – Weibo Corp , the company behind Chinas biggest microblog by users, reported second-quarter revenue above analysts expectations, helped by a surge in advertising sales. The company, majority owned by Chinese internet firm Sina Corp , forecast third-quarter revenue between $79 million and $82 million. Analysts on average were expecting third-quarter revenue at $80.2 million, according to Thomson Reuters I/B/E/S. Weibo, which made its listing debut in the United States in April, said advertising and marketing revenue nearly doubled to $59.6 million in the second quarter ended June 30. Weibo, in which Chinas biggest e-commerce company Alibaba Group Holdings Ltd also has a stake, ended the quarter with 69.7 million daily active users.

Comments are closed.

Categories

FRIDAY, APRIL 26, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments