Weibo (WB) reported earnings on Wed 22 Feb 2017 (a/h)

** charts after earnings **

 

Chinese social media site Weibo (WB) reported better-than-expected earnings late Wednesday, as did majority-owner Sina (SINA). But both stocks tumbled Thursday, triggering a sell-off in many Chinese internet stocks, with e-commerce giant Alibaba (BABA) failing again to close above a buy point.

The microblog Weibo is often compared to Twitter (TWTR), but while Twitter is seeing stalling growth, Weibo remains fast growing. Weibo's market cap recently surpassed that of Twitter.

Weibo

Weibo earned 34 cents per U.S. share excluding items, up 127% vs. a year earlier and topping views for 28 cents. Revenue climbed 43% to $212.7 million, with growth accelerating for a third straight quarter. Analysts had expected $206.58 million.

Monthly active users in December grew 33% vs. a year earlier to 313 million, 90% of which were mobile users. Average daily active users rose 30% to 139 million.

Weibo sees Q1 revenue of $185 million to $190 million vs. analyst views of $180.4 million.