Weibo More Than Doubles Q1 Profit

MT Newswires Live
05-21

Weibo (HKG:9898) recorded a rise in attributable net income in the first quarter to $107.0 million from $49.4 million a year prior, a Wednesday filing with the Hong Kong bourse said.

Earnings per share rose to $0.41 in the three months from $0.19 in the same period last year.

The Chinese microblogging site's net revenue rose 1% to $396.9 million from $395.5 million in the year-ago period.

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