-=Weibo (WB) reported earnings on Mon 19 Aug 2019 (b/o)

Weibo beats by $0.08, reports revs in-line; guides Q3 revs in-line

Reports Q2 (Jun) earnings of $0.68 per share, $0.08 better than the S&P Capital IQ Consensus of $0.60; revenues rose 1.2% year/year to $431.8 mln vs the $434.79 mln S&P Capital IQ Consensus.

Monthly active users were 486 million in June 2019, a net addition of approximately 55 million users year-over-year. Mobile MAUs represented approximately 94% of MAUs. Average daily active users were 211 million in June 2019, a net addition of approximately 21 million users year-over-year.

Co issues in-line guidancefor Q3, sees Q3 revs of +6-9% to $487.8-501.6 mln vs. $491.17 mln S&P Capital IQ Consensus.