Weibo Drops 5% After Reporting In-Line Q1 Revenues Of $67.5M, Better-Than-Expected $0.03 Loss Per Share — techcrunch.com

This afternoon Weibo reported the financial results of its first quarter, including revenue of $67.5 and non-GAAP earnings per share of -$0.03. The market had expected the company to lose 5 cents per share on revenue of $67.45 million. The company, up more than 6 percent in regular trading, has fallen around 5 percent in after-hours trading. The company’s revenue figure for the quarter represented a 161 percent year-over-year increased. However, the company’s GAAP net loss exploded a similar 146 percent to $47.4 million in the period. It’s non-GAAP net loss was, unsurprisingly, a more modest $4.8 million, down 74 percent from the year-ago period.

Read More