Weibo Q4 Profit Climbs; Adj. EPS, Revenues Top Estimates

(RTTNews) - Weibo Corp. (WB), a Chinese social media company, on Thursday reported that fourth-quarter net income attributable to the company was $115.7 million or $0.50 per share, higher than last year's $29.0 million or $0.13 per share.

Adjusted net income attributable was $195.5 million or $0.83 per share, compared to $212.7 million or $0.92 per share a year ago.

On average, 14 analysts polled by Thomson Reuters expected earnings of $0.81 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues were $616.3 million, an increase of 20 percent from $513.4 million in the same period last year. Revenues grew 16 percent year-over-year on a constant currency basis. Analysts expected revenues of $607.75 million for the quarter.

Monthly active users or MAUs were 573 million in December 2021, a net addition of approximately 52 million users on year-over-year basis.

In pre-market activity, Weibo shares were gaining around 3.6 percent to trade at $28.40.