Weibo posts firm results

Updated 2017-02-24 09:32:47 Shanghai Daily

China's microblogging site Weibo reported better-than-expected profit and revenue in the fourth quarter of last year as it benefited from strong advertising and marketing demand.

Net revenue surged 43 percent to 2.7 million while profit came to 34 U.S. cents per share, beating Reuters' estimate of 28 U.S. cents per share.

The company's advertising and marketing revenue jumped 42 percent from a year ago while monthly active users in December rose 33 percent from a year earlier to 313 million, with 90 percent using mobile devices.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 19 2017 13:40:29

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 19 2017 13:40:29

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 19 2017 13:40:29

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords