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Weibo's Q3 revenue grows 2%, profit declines

Thursday 14 November 2019 | 14:37 CET | News
Chinese micro-blogging website Weibo saw its total net revenues increase 2 percent to USD 467.8 million in the third quarter of 2019. Advertising and marketing revenues for the third quarter of 2019 were USD 412.5million, up 1 percent from USD 409.3 million for the same period of 2018. VAS revenues for the third quarter were UD 55.3 million, up 9 percent year-over-year. The increase was mainly due to revenues derived from the live streaming business acquired in the fourth quarter of 2018.

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Categories: Internet
Companies: Weibo
Countries: China
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