Weibo’s Revenue Growth Exceeded Our Expectation Despite Slower User Growth
Narrow-moat Weibo posted another strong result for the second quarter, with net revenue growing 68% to USD 426.6 million, slightly exceeding our expectation of USD 414 million. The robust growth rate was driven by 69% growth in advertising and marketing revenue to USD 370 million and 62% growth in value-added services to USD 57 million. Management is guiding third-quarter net revenue at USD 465 million-USD 475 million, or an increase of 49% year over year to 52% year over year, while we’re proje...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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