Weibo reported quarterly earnings of $0.42 per share which missed the analyst consensus estimate of $0.43 by 2.33 percent. This is a 20.75 percent decrease over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $442.300 million which beat the analyst consensus estimate of $435.750 million by 1.50 percent. This is a 4.78 percent decrease over sales of $464.480 million the same period last year.

Weibo shares gained 2% in premarket.