U.S. Markets open in 2 hrs 52 mins

Earnings Review and Free Research Report: Weibo’s Revenue Soared 72%; Net Income Rocketed 184%

Research Desk Line-up: Professional Diversity Network Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Weibo Corp. (NASDAQ: WB), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=WB, following the Company's disclosure of its second quarter fiscal 2017 financial results on August 09, 2017. The Chinese microblogging platform outperformed top- and bottom-line expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Internet Information Providers industry. Pro-TD has currently selected Professional Diversity Network, Inc. (NASDAQ: IPDN) for due-diligence and potential coverage as the Company announced on August 14, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Professional Diversity Network when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on WB; also brushing on IPDN. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=WB

http://protraderdaily.com/optin/?symbol=IPDN

Earnings Reviewed

For the second quarter of 2017, Weibo's net revenues surged 72% to $253.4 million compared to $146.9 million for Q2 2016. The Company's net revenues exceeded its own guidance for revenue between $240 million and $250 million and also analysts' expectations of $246 million.

Weibo's advertising and marketing revenues totaled $218.3 million for Q2 2017, up 72% compared to $127.2 million for Q2 2016. The Company's advertising and marketing revenues from small & medium-sized enterprises ("SMEs") and key accounts were $205.1 million, compared to $114.3 million for the prior year quarter. Weibo's other revenues totaled $35.0 million, compared to $19.7 million for Q2 2016.

During Q2 2017, Weibo's costs and expenses totaled $165.4 million compared to $119.6 million for Q2 2016. The rise in costs and expenses was primarily due to an increase in marketing expenses, turnover taxes, development costs, and stock-based compensation. The Company's non-GAAP costs and expenses were $153.3 million for the reported quarter compared to $112.2 million for the prior year's same quarter.

Weibo's income from operations for Q2 2017 was $88.0 million compared to $27.3 million for Q2 2016. The Company's non-GAAP income from operations was $100.1 million for the reported quarter compared to $34.7 million for the prior year's same quarter. For Q2 2017, Weibo's non-operating income was $1.5 million compared to a non-operating loss of $1.0 million for Q2 2016. The Company's income tax expenses were $16.4 million in the reported quarter compared to $1.8 million for the year ago same period, primarily due to higher profitability and the change in tax status of the Company's PRC subsidiary.

Net income attributable to Weibo was $73.5 million, or diluted net income per share of $0.33, for Q2 2017 compared to net income of $25.9 million, or diluted net income per share of $0.12, for Q2 2016. The Company's non-GAAP net income attributable to Weibo was $86.7 million, or diluted net income per share of $0.38, for the reported quarter compared to $35.5 million, or diluted net income per share of $0.16, for the year earlier same quarter. Results also beat Wall Street's estimates for earnings of $0.36 per share.

User Metrics

Weibo's monthly active users (MAUs) in June 2017 were 361 million, reflecting an increase of 28% on ay-o-y basis, 92% of which were mobile users. The Company's average daily active users (DAUs) in June 2017 totaled 159 million, up 26% on a y-o-y basis.

Cash Matters

As of June 30, 2017, Weibo's cash, cash equivalents, and short-term investments totaled $609.2 million. For Q2 2017, the Company's cash provided by operating activities was $157.2 million; capital expenditures totaled $2.5 million; and depreciation and amortization (D&A) expenses amounted to $3.5 million.

Business Outlook

For Q3 2017, Weibo is forecasting net revenues to be in the range of $290 million and $300 million, which assumes an average exchange rate of 6.75 RMB to US$1.00.

Stock Performance

On Wednesday, August 30, 2017, the stock closed the trading session at $97.90, slightly climbing 0.97% from its previous closing price of $96.96. A total volume of 1.74 million shares have exchanged hands. Weibo's stock price soared 32.05% in the last three months, 93.86% in the past six months, and 105.93% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 141.13%. The stock is trading at a PE ratio of 112.53. At Wednesday's closing price, the stock's net capitalization stands at $21.90 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily