Weibo (WB) reported Q1 non-GAAP earnings Thursday of $0.34 per diluted share, down from $0.45 a year earlier.

Two analysts surveyed by FactSet expected $0.36.

Net revenue for the quarter ended March 31 was $421.3 million, up from $396.9 million a year earlier.

Four analysts surveyed by FactSet expected $416.8 million.

Shares were 3.6% lower in premarket trade.