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Weibo Reports Improved Revenue For Fiscal Third Quarter

November 19, 2014: 12:00 AM EST
Weibo reported revenue of $84 million in its fiscal third quarter 2014, better than Wall Street analysts' forecast of $80 million, as well as the company's guided revenue between $79 million and $82 million. Net loss during the quarter was $1.4 million, much smaller than the $5.1 million in the same quarter of the previous year, with analysts expecting a loss of $2.1 million. According to the company, e-commerce accounted for 42 percent of the company's third-quarter ad revenue.
Vikas Shukla, "Weibo: E-Commerce To Drive Revenue Growth", Seeking Alpha, November 19, 2014, © Seeking Alpha
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