For the second quarter of 2017, Weibo reported net revenues of $253.4 million and 361 million monthly active users.
Weibo’s net revenues totaled $253.4 million, an increase of 72% year-over-year. Advertising and marketing revenues were $218.3 million, an increase of 72% year-over-year. Other revenues were $35.0 million, an increase of 78% year-over-year.
Net income attributable to Weibo was $73.5 million, an increase of 184% year-over-year, and diluted net income per share was $0.33, compared to $0.12 for the same period last year.
Non-GAAP net income attributable to Weibo was $86.7 million, an increase of 144% year-over-year, and non-GAAP diluted net income per share was $0.38, compared to $0.16 for the same period last year. Adjusted EBITDA was $103.1 million, an increase of 166% year-over-year, or 41% of net revenues, compared to 26% for the same period last year.
Monthly active users (“MAUs”) in June 2017 was 361 million, an increase of 28% year-over-year, 92% of which were mobile users. Average daily active users in June 2017 was 159 million, an increase of 26% year-over-year.
Weibo focuses on developing a unique and expansive content ecosystem, launching engaging features like Weibo Stories, and attracting KOLs, celebrities, and other influencers to increase the social and viral nature of Weibo is boding well for us.