Compared to Estimates, Weibo (WB) Q2 Earnings: A Look at Key Metrics

Core Insights - Weibo Corporation reported revenue of $437.87 million for the quarter ended June 2024, a decrease of 0.5% year-over-year, with EPS at$ 0.48 compared to $0.53 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of$ 435.11 million by 0.64%, while the EPS surpassed the consensus estimate of $0.45 by 6.67% [1] User Metrics - Average daily active users (DAUs) were reported at 256 million, slightly below the average estimate of 259.31 million [3] - Monthly active users (MAUs) stood at 583 million, also below the estimated 597.03 million [4] Revenue Breakdown - Net revenues from value-added services reached$ 62.60 million, exceeding the average estimate of $56.50 million, reflecting a year-over-year increase of 14.7% [5] - Net revenues from advertising and marketing were$ 375.28 million, falling short of the average estimate of $378.61 million, with a year-over-year decline of 2.7% [6] Stock Performance - Weibo shares have returned 2.5% over the past month, outperforming the Zacks S&P 500 composite's 2.2% change [6] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [6]