Weibo (NASDAQ:WB) reported its Q1 earnings results on Wednesday, June 1, 2022 at 05:00 AM.
Here's what investors need to know about the announcement.
Earnings
Weibo beat estimated earnings by 21.74%, reporting an EPS of $0.56 versus an estimate of $0.46.
Revenue was up $25.73 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 5.5% drop in the share price the next day.
Here's a look at Weibo's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.81 | 0.84 | 0.63 | 0.48 |
| EPS Actual | 0.83 | 0.90 | 0.79 | 0.57 |
| Revenue Estimate | 607.75M | 589.79M | 527.89M | 429.78M |
| Revenue Actual | 616.29M | 607.43M | 574.47M | 458.90M |
To track all earnings releases for Weibo visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
