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The following is the 2q20 net profit was $198.4 million, up 92.6% year on year From micro-blog recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, micro-blog, social networks.
On September 28, 2020, Weibo released the company’s unaudited financial report for the second quarter up to June 30, 2020 before Monday’s trading. According to the financial report, the net revenue of microblog in the second quarter was 387.4 million US dollars, down 10% year-on-year; the net profit attributable to microblog was 198.4 million US dollars, an increase of 92.6% compared with us $103 million in the same period of last year. Weibo shares rose 2.46% to $33.34 before trading on Monday.
Key results in the second quarter:
– microblog net revenue in the second quarter was $387.4 million, down 10% year-on-year and 7% at fixed exchange rate.
– microblog’s advertising and marketing revenue in the second quarter was $340.6 million, down 8% from a year earlier.
– microblog’s value-added service revenue in the second quarter was 46.8 million US dollars, down 23% year-on-year.
– in the second quarter, the net profit attributable to common shareholders of microblog was US $198.4 million; in the second quarter, the diluted earnings per share attributable to common shareholders of microblog was $0.86.
– in the second quarter, the net profit attributable to common shareholders of microblog was US $114.5 million without US GAAP, and the diluted earnings per share attributable to common shareholders of Weibo in the second quarter was $0.50.
– as of June 30, 2020, the number of monthly active users of microblog was 523 million, an increase of 37 million over the same period of last year; mobile monthly active users accounted for about 94% of the total monthly active users.
– as of June 30, 2020, the number of active users of microblog was 229 million, an increase of about 18 million over the same period of last year.
Second quarter performance analysis:
Weibo’s second quarter net revenue was $387.4 million, down 10% from $431.8 million a year earlier. Among them, microblog advertising and marketing revenue in the second quarter was 340.6 million US dollars, down 8% from 370.7 million US dollars in the same period of last year. Microblog’s value-added service revenue in the second quarter was $46.8 million, down 23% from $61.2 million in the same period of last year.
The total cost and expenditure of Weibo in the second quarter was $281.2 million, up from $280.6 million in the same period last year. Not in accordance with US GAAP, the total cost and expenditure of Weibo in the second quarter was 265.5 million US dollars, which was basically the same as that of 265.6 million US dollars in the same period of last year.
In the same period of last year, the operating profit of microblog was US $06351.2 billion. The second quarter operating profit of Weibo was $132.5 million, which was better than the operating loss of $24 million in the same period of last year. Contrary to U.S. GAAP, Weibo’s second quarter operating profit included $121 million in net income from changes in fair value of investments, and $15.1 million in net interest and other income.
In the second quarter, the net profit attributable to common shareholders of microblog was US $198.4 million, and the diluted earnings per share attributable to common shareholders of microblog in the second quarter was $0.86. According to US GAAP, the net profit attributable to common shareholders of microblog in the second quarter was $114.5 million, and that in the second quarter was $0.50 per share.
As of June 30, 2020, the total amount of cash, cash equivalents and short-term investment held by microblog is 2.33 billion US dollars. In the second quarter of 2020, cash used in operating activities was $121.7 million, capital expenditure was $8.4 million, and depreciation and amortization expenses were $6.9 million.
Performance Outlook:
According to Weibo, the company’s net revenue in the third quarter of 2020 will decline by 5% to 7% year-on-year at a fixed exchange rate. The above expectations reflect the current and preliminary views of Weibo, which may change in the future.
Stock price performance:
Weibo’s performance in the second quarter met the expectations of market analysts. According to a Thomson Reuters survey, market analysts had expected, on average, that Weibo’s diluted earnings per share in the second quarter would be 46 cents and revenue would be $379.4 million, not in accordance with US GAAP.
Weibo shares fell $1.94, or 5.74%, to $32.54 in regular trading on the Nasdaq stock market on Friday. In pre market trading on Monday, the shares of Weibo surged by $2.47, or 7.59%, to $35.01 at the time of publication, driven by a better than expected performance. In the past 52 weeks, Sina Weibo’s share price has been as low as $28.93 and as high as $55.52.
Via Tencent technology read more: Twitter: 2q20 melon eating people increased significantly, Twitter users grew at a high speed 34% microblog: 2q20 financial report teleconference actual record is expected to increase brand advertising month on month in the fourth quarter microblog: 1q20 Revenue $323.4 million Microblog: 4q17 users and business realization are still strong Nielsen: 2012 social media report microblog: according to the financial report, you do not use the microblog monthly live users are close to 400 million emarketer: Japanese netizens love Twitter: 4q17 achieved profit for the first time, and daily living users maintained double-digit growth for five consecutive quarters. Data review and strategic outlook of the four major social listed companies in the United States According to the financial report, the participation of Twitter users declined for the first time. Twitter: the number of live users increased to 139 million in 2q19. Twitter: the number of users increased to 150 million in the fourth quarter, but the profit was still popular in the market. Twitter: Live users in 1q20 increased by 24% to 166 million people. Twitter’s Micro blog like hidden worry
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