-=Weibo (WB) reported earnings on Thur 14 Nov 19 (b/o)

Weibo beats by $0.04, reports revs in-line; sees Q4 revs flat to +3% yr/yr

Reports Q3 (Sep) earnings of $0.77 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $0.73; revenues rose 1.6% year/year to $467.75 mln vs the $471.84 mln S&P Capital IQ Consensus.

Monthly active users ("MAUs") were 497 mln in September 2019, a net addition of approximately 51 mln users yr/yr. Mobile MAUs represented approximately 94% of MAUs.

Average daily active users ("DAUs") were 216 mln in September 2019, a net addition of approximately 21 mln users yr/yr.

For the fourth quarter of 2019, Weibo estimates that its net revenues will increase 0% yr/yr to 3% yr/yr on a constant currency basis. This forecast reflects Weibo's current and preliminary view, which is subject to change. Estimates currently call for Q4 revs to be up 3.8% on a reported basis.