Weibo monthly active users (“MAUs”) were 156.5 million as of June 30, 2014, an increase of 30% year over year according to its official quarterly financial results.
For the second quarter of 2014, Weibo reported net revenues of $77.3 million, compared to $37.6 million for the same period last year. Advertising and marketing revenues for the second quarter of 2014 totaled $59.6 million, compared to $30.0 million for the same period last year. Weibo VAS revenues for the second quarter of 2014 totaled $17.7 million, compared to $7.7 million for the same period last year.
Hightlights of Weibo Q2 Performance in 2014
- Weibo net revenues increased 105% year over year to $77.3 million.
- Advertising and marketing revenues grew 99% year over year to $59.6 million.
- Weibo Value Added Services (“Weibo VAS”) revenues increased 131% year over year to $17.7 million.
- Net loss attributable to Weibo’s ordinary shareholders decreased 56% year over year to $15.4 million, or $0.08 diluted net loss per share attributable to Weibo’s ordinary shareholders.
- Non-GAAP net loss attributable to Weibo’s ordinary shareholders decreased 56% year over year to $4.9 million, or $0.03non-GAAP diluted net loss per share attributable to Weibo’s ordinary shareholders.
- Monthly active users (“MAUs”) were 156.5 million as of June 30, 2014, an increase of 30% year over year.
- Daily active users (“DAUs”) were 69.7 million on average for June 2014, an increase of 32% year over year.
I’m happy that we were able to deliver strong financial results for the first quarter after Weibo’s IPO. In May 2014, we launched our native ad products to brand advertising customers and began to implement our payment solutions to drive social commerce on Weibo. With these initiatives we are laying solid groundwork for our future growth,
stated Gaofei Wang,Weibo’s CEO.
At the same time growing user scale and activities remains our top priority. During the second quarter, we built new product experiences that integrate Weibo with TV shows and other live events. We believe the innovation will ultimately create great value for TV stations, brand advertisers as well as Weibo through greater engagements and live reach among TV audience. Going forward, we will continue to focus on enhancing user experience through product innovation.”
Source: Weibo