Weibo publishes unaudited financial reports for the second quarter ended June 30, 2014

Summary: View the latest quotes Beijing time August 15 Morning News, a leading social media platform for people to create, disseminate and discover Chinese content, Weibo GS:WB released its unaudited financial report for the second quarter ended June 30, 2014 today. View the latest quotes

Beijing time August 15 Morning News, a leading social media platform for people to create, disseminate and discover Chinese content, micro-blogging company (NASDAQ GS:WB) today released the second quarter up to June 30, 2014 of the unaudited financial report.

Focus results for the second quarter of 2014

Net revenue was $77.3 million, up 105% from a year earlier.

Advertising and marketing revenues were 59.6 million dollars, up 99% from a year earlier.

Micro-blogging value-added services (micro-VAS) revenue of 17.7 million U.S. dollars, up 131% from a year earlier.

The net loss of Weibo was $15.4 million, which narrowed by 56% over a year earlier, with a net loss of 8 cents per common stock.

Non-US general accounting standards Weibo net loss of 4.9 million U.S. dollars, narrowed by 56% over a year earlier, and a net loss of 3 cents per common stock diluted.

The number of active subscribers (MAU) for the month ended June 30, 2014 was 156.5 million, up 30% from a year earlier.

The number of active users in June 2014 (DAU) was 69.7 million, an increase of 32% over a year earlier.