Weibo Guided To Weak Revenue Growth in the 2Q; FVE Reduced to USD 78
Narrow-moat Weibo’s net revenue was up 14% year over year or 21% on a constant currency basis in the quarter, versus guidance of 20.5% to 23.5% on a constant currency basis. Advertising and marketing revenue was up 13% or 20% on a constant currency basis year over year. Second-quarter guidance of revenue growth is 7%-10% on a constant currency basis. We reduced our full-year revenue growth forecast of 19% to 10%. We expect recovery in the second half as there are signs of recovery in the remaind...
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