Q2 revenue falls short of expectations, advertising revenue declines year-on-year, Weibo drops more than 3% | Financial Report News.

Weibo released its second quarter financial report for 2024 on August 22nd, which showed that the total revenue for the second quarter fell short of analysts' expectations. The adjusted net income was 0.1263 billion US dollars, exceeding analysts' expectations. Advertising revenue declined 3% year-on-year. Weibo's pre-market trading briefly rose more than 2%, but fell more than 3% after opening.

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