Weibo Non-GAAP EPS Surpasses Expectations with Revenue in Line
Thursday, 22 August 2024, 09:05
Weibo's Strong Q2 Financial Performance
In its latest financial report, Weibo (WB) achieved a Non-GAAP EPS of $0.48, exceeding analysts' expectations by $0.06. The results reflect the company's resilience in a competitive market environment.
Revenue Analysis
With revenue reported at $437.9 million, Weibo witnessed a year-over-year decrease of 1.0%. Despite this decline, the revenue figure aligns with market forecasts, suggesting stabilizing factors within the company's operations.
- EPS Beat Expectations: Non-GAAP EPS of $0.48
- Revenue Guidance: $437.9 million in revenue
- Year-Over-Year Revenue Change: -1.0%
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.