On Wednesday, Shares of Weibo Corp (ADR) (NASDAQ:WB), included 2.02% and shut at $49.95 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $47.07 and $50.63. Weibo Corporation (“Weibo” or the “Company”) (WB), a leading social media in China, recently declared its unaudited financial results for the third quarter ended September 30, 2016.
Third Quarter 2016 Highlights
Net revenues raised 42% year over year to $176.9 million, surpassing the Company’s guidance between $168 million and $173 million.
Advertising and marketing revenue raised 48% year over year to $156.7 million.
Weibo Value-Added Services (“VAS”) revenue raised 7% year over year to $20.2 million.
Net income attributable to Weibo raised 122% year over year to $32.1 million, and diluted net income per share was $0.14, contrast to $0.07 for the same period last year.
Non-GAAP net income attributable to Weibo raised 147% year over year to $54.6 million, and non-GAAP diluted net income per share was $0.24, contrast to $0.10 for the same period last year.
Adjusted EBITDA raised 117% year over year to $57.7 million, reaching an adjusted EBITDA margin of 33%.
Monthly active users (“MAUs”) in September 2016 grew 34% year over year to 297 million, 89% of which were mobile users. Average daily active users (“DAUs”) in September 2016 grew 32% year over year to 132 million.
Shares of Southern Co (NYSE:SO), subtract -0.78% and shut at $47.23 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $47.09 and $47.56. The association’s commercial center capitalization is $45.93 Billion with the general uncommon loads of 980.20 million. Mississippi Power declared recently it had achieved another major milestone with electricity generated in the second gasifier at the Kemper County energy facility by synthesis gas, or syngas, from lignite. Last month, the company declared electricity had been generated in the first of the facility’s two gasifiers.
“This is a substantial step forward for the project,” said Mississippi Power Chairman, President and CEO Anthony L. Wilson. “We are now closer to integrating all of the systems at the facility to deliver on our mission to provide clean, reliable energy for our customers. I cannot be happier with this step in the process.”