US Stock Market Move | Net revenue in the third quarter exceeded expectations, Weibo Corp. Sponsored ADR Class A (WB.US) rose 5% in pre-market trading.

On Tuesday, Weibo Corp. Sponsored ADR Class A (WB.US) rose 5.05% in premarket trading to $8.94. On the news front, Weibo Corp. Sponsored ADR Class A reported net revenue of $4.645 billion for the third quarter, exceeding the estimated $4.36 billion and representing a 5% increase from the same period last year. Adjusted EBITDA for the third quarter was $1.751 billion, a 0.2% year-over-year growth. Advertising and marketing revenue for Weibo Corp. Sponsored ADR Class A in the third quarter was $3.986 billion, a 2.4% increase from the previous year. In terms of operational data, in September 2024, Weibo Corp. Sponsored ADR Class A had 587 million monthly active users and 257 million daily active users.