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Wireless

Weibo Q4 revenues fall 2%, forecasts 15-20% drop in Q1

Wednesday 26 February 2020 | 13:02 CET | News
Chinese messaging group Weibo reported fourth-quarter revenues down 3 percent year-on-year to USD 468.1 million, and its net profit fell to USD 95.1 million from USD 166.5 million. Despite an increase in users, Weibo reported a fall in both advertising and VAS income in the quarter, while costs rose 6 percent. The company forecast a 15-20 percent fall in Q1 revenues at constant exchange rates, due to the coronavirus outbreak in China. 

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Categories: Mobile & Wireless
Companies: Weibo
Countries: China
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