Weibo’s monthly active users (“MAUs”) had a net addition of approximately 70 million users year over year and reached 431 million in June 2018 according to its unaudited financial results for the second quarter ended June 30, 2018. Mobile MAUs represented 93% of MAUs.
Weibo’s average daily active users (“DAUs”) had a net addition of approximately 31 million users year over year and reached 190 million in June 2018.
Its net revenues totaled $426.6 million, an increase of 68% year-over-year, 86.7% of which came from advertising.
- Advertising and marketing revenues were $369.9 million, an increase of 69% year-over-year.
- Value-added service (“VAS”) revenues were $56.6 million, an increase of 62% year-over-year.
Net income attributable to Weibo was $140.9 million, an increase of 92% year-over-year, and diluted net income per share was $0.62, compared to $0.33 for the same period last year.
Non-GAAP net income attributable to Weibo was $156.1 million, an increase of 80% year-over-year, and non-GAAP diluted net income per share was $0.68, compared to $0.38 for the same period last year. Adjusted EBITDA was $173.3 million, an increase of 68% year-over-year, or 41% of net revenues, compared to 41% for the same period last year.
For the third quarter of 2018, Weibo estimates its net revenues to be between $465 million and $475 million, or an increase of 49% to 52% year over year on a constant currency basis.
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