Weibo is on the rise again in China with the micro-blogging platform reporting net revenues of $426.6m in Q2 – a 68% increase year-on-year.
The rise in overall revenues was driven by robust advertising and marketing revenues, which grew 69% year-on-year to reach $369.9m. Value-added service revenues were also up by 62% for the quarter to total 56.6 million.
It comes as the platform sees a surge of growth as younger users join the platform, Weibo reported the addition of 70 million users in Q2 to total 431 million monthly active users in June this year. Meanwhile, daily active users reached 190 Read full story ›
Source: The Drum
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