$WB (Weibo Corp-ADR) Results:
In Q1 2024, Weibo Corporation reported a 4% year-over-year decline in net revenues, amounting to $395.5 million. Advertising and marketing revenues also decreased by 5%. Despite the drop in revenue, the company achieved a robust operating margin, with income from operations totaling $99.7 million. As of March 2024, the social media giant has 588 million monthly active users and 255 million daily active users.
+ 4% pre-market
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