Stock Track | Weibo Surges 8.93% on Strong Q3 Earnings, User Growth

Stock Track11-19

Shares of Chinese social media giant Weibo Corp. (NASDAQ: WB) soared 8.93% in pre-market trading on Tuesday, November 19, 2024, after the company reported impressive third-quarter financial results that topped analysts' expectations.

Weibo's revenue grew 5% year-over-year to $464.48 million, driven by solid growth in advertising and value-added services. The company's adjusted earnings per share of $0.53 also beat consensus estimates of $0.44.

Notably, Weibo's user base continued to expand, with monthly active users reaching 587 million in September 2024 and average daily active users hitting 257 million. The robust user metrics highlight the platform's sustained popularity and engagement among Chinese social media users, fueling investor optimism about the company's growth prospects.

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(NASDAQ: WB) soared 8.93% in pre-market trading on Tuesday, November 19, 2024, after the company reported impressive third-quarter financial results ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WB","symbol_name":"微博","start_time":0,"source_url":"","article_id":"1137272810","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137272810","pubTimestamp":1732027105,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Chinese social media giant Weibo Corp.  soared 8.93% in pre-market trading on Tuesday, November 19, 2024, after the company reported impressive third-quarter financial results that topped analysts' expectations.Weibo's revenue grew 5% year-over-year to $464.48 million, driven by solid growth in advertising and value-added services. 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