Weibo, China's "twitter", announced its unaudited quarterly earnings report on Tuesday, showing a 63-percent increase in its net profits in the third quarter.
Weibo's share price soared by 4 percent after the release of the report.
The revenue of the company reached 460 million U.S. dollars this quarter, up by 44 percent year on year, among which income from adverts amounted to 409 million U.S. dollars, up by 48 percent year-on-year.
The revenue for the value-added services reached 50.9 million U.S. dollars, up by18 percent when compared with the figure a year earlier.
Earnings before interest, taxes, depreciation and amortization (EBITDA) of the social media were 192.8 million U.S. dollars, up by 42 percent year on year.
Its costs and expenditures amounted to 298 million U.S. dollars, up by 48 percent year on year.
Its Monthly Active Users (MAUs) numbered to 446 million as of the end of September, and 93 percent of them were mobile phone users. The Daily Active Users (DAUs) are 195 million.
Weibo's cash and cash equivalents and short-term investments amounted to 1.6 billion U.S. dollars as of September 30.
The company projected the revenue generated in the upcoming quarter would reach a range from 480 million U.S. dollars to 490 million U.S. dollars, or in other words, an increase of a range of 35 percent to 38 percent year on year denominated in the RMB (based on exchange rate of 7:1).
Weibo's share price soared by 4 percent after the release of the report.
The revenue of the company reached 460 million U.S. dollars this quarter, up by 44 percent year on year, among which income from adverts amounted to 409 million U.S. dollars, up by 48 percent year-on-year.
The revenue for the value-added services reached 50.9 million U.S. dollars, up by18 percent when compared with the figure a year earlier.
Earnings before interest, taxes, depreciation and amortization (EBITDA) of the social media were 192.8 million U.S. dollars, up by 42 percent year on year.
Its costs and expenditures amounted to 298 million U.S. dollars, up by 48 percent year on year.
Its Monthly Active Users (MAUs) numbered to 446 million as of the end of September, and 93 percent of them were mobile phone users. The Daily Active Users (DAUs) are 195 million.
Weibo's cash and cash equivalents and short-term investments amounted to 1.6 billion U.S. dollars as of September 30.
The company projected the revenue generated in the upcoming quarter would reach a range from 480 million U.S. dollars to 490 million U.S. dollars, or in other words, an increase of a range of 35 percent to 38 percent year on year denominated in the RMB (based on exchange rate of 7:1).
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