Weibo rev­enue surges 39% to $107.8 mil­lion

China Daily (Canada) - - BUSINESS -

Weibo Corp’s sec­ond-quar­ter rev­enue topped es­ti­mates, climb­ing 39 per­cent to $107.8 mil­lion on higher advertising and mar­ket­ing sales at the Chi­nese so­cial-media ser­vice con­trolled by Sina Corp. An­a­lysts had pro­jected rev­enue of $104.8 mil­lion, ac­cord­ing to data com­piled by Bloomberg. Net in­come was $4.2 mil­lion com­pared with a year-ear­lier loss of $15.5 mil­lion, the Bei­jing­based com­pany said.

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