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WBBearishEarningsnews
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Weibo (WB) Reports Q1 Earnings: What Key Metrics Have to Say

May 23, 2024, 10:46 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- Weibo reported $395.5 million revenue and $0.41 EPS for Q1 2024. - Revenue missed Zacks estimate by 0.25%, EPS beat estimate by 2.50%. - DAUs and MAUs lower than analyst estimates, VAS and Ad revenues declined. - Stock returned +4% last month, Zacks Rank #3 (Hold). - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Earnings

  • Weibo reported $395.5 million revenue and $0.41 EPS for Q1 2024.
  • Revenue missed Zacks estimate by 0.25%, EPS beat estimate by 2.50%.
  • DAUs and MAUs lower than analyst estimates, VAS and Ad revenues declined.
  • Stock returned +4% last month, Zacks Rank #3 (Hold).

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