Weibo Reported Second Quarter Monthly Active Users Of 583M, With Average Daily Active Users Of 256M In June 2024
Portfolio Pulse from Benzinga Newsdesk
Weibo reported its second quarter results, highlighting 583 million monthly active users and 256 million average daily active users in June 2024.
August 22, 2024 | 9:27 am
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Weibo's second quarter results indicate strong user engagement with 583 million monthly active users and 256 million daily active users in June 2024, suggesting potential growth in user-driven revenue streams.
The reported increase in monthly and daily active users suggests strong user engagement, which is a positive indicator for potential revenue growth. This could lead to a positive short-term impact on Weibo's stock price as investors may anticipate higher advertising revenue.
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