Weibo Corporation announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2015.
Article continues below
Q4 net revenues increased 42% year over year to $149 million, reaching the high end of the company’s guidance between $146 million and $149 million. Advertising and marketing revenue increased 47% year over year to $129.5 million.
Q4 Weibo Value-Added Services (Weibo VAS) revenue increased 13% year over year to $19.5 million, despite a 31% year-over-year decline in revenue from data licensing, a deemphasized business.
Net income attributable to Weibo’s ordinary shareholders increased 332% year over year to $19.1 million, and diluted net income per share was $0.09, compared to $0.02 for the same period last year.
Non-GAAP net income attributable to Weibo’s ordinary shareholders increased 258% to $32.9 million and non-GAAP diluted net income per share was $0.15, compared to $0.04 for the same period last year.
Adjusted EBITDA increased 131% year over year to $37.0 million. Monthly active users (MAUs) in December 2015 grew 34% year over year to 236 million, 83% of which were mobile users. Average daily active users (DAUs) in December 2015 grew 32% year over year to 106 million.
Fiscal year 2015 highlights
Net revenues increased 43% year over year to $477.9 million. Advertising and marketing revenue increased 52% year over year to $402.4 million. Weibo VAS revenue increased 9% year over year to $75.5 million.
Net income attributable to Weibo’s ordinary shareholders reached $34.7 million, or diluted net income per share of $0.16, compared to a net loss of $65.3 million for 2014, or diluted net loss per share of $0.35.
Non-GAAP net income attributable to Weibo’s ordinary shareholders was $68.8 million, or non-GAAP diluted net income per share of $0.32, compared to a non-GAAP net loss of $2.3 million for 2014, or non-GAAP diluted net loss per share of $0.01.
Adjusted EBITDA increased 454% year over year to $85.7 million. ■