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Weibo net revenues soar 48pct in Q3

BEIJING
2015-11-19 21:11

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Weibo Corp (WB.NASDAQ), China's leading microblogging service provider, announced on Thursday that the company's net revenues rose 48 percent year on year to 124.7 million US dollars in the third quarter of this year.

This exceeded the company's previous estimate that its third-quarter revenues would be between 120 million and 123 million US dollars.

Weibo's net profits reached 14.5 million US dollars in the third quarter, turning around from losses in the same period of last year and soaring from 4.2 million US dollars in the second quarter of this year.

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