Weibo (WB) reported earnings on Thur 23 May 2019 (b/o)

** charts before earnings **

 

** charts after earnings **

Weibo beats by $0.04, reports revs in-line; guides Q2 revs below consensus

• Reports Q1 (Mar) earnings of $0.56 per share, $0.04 better than the S&P Capital IQ Consensus of $0.52; revenues rose 14.1% year/year to $399.18 mln vs the $399.65 mln S&P Capital IQ Consensus.
• Monthly active users ("MAUs") were 465 million in March 2019, a net addition of approximately 54 million users on year over year basis. Mobile MAUs represented approximately 94% of MAUs.
• Average daily active users ("DAUs") were 203 million in March 2019, a net addition of approximately 19 million users on year over year basis.
• Co issues downside guidance for Q2, sees Q2 revs of $427-437 mln vs. $483.93 mln S&P Capital IQ Consensus.