Moody’s Investors Service says that Weibo Corporation’s (Baa1 stable) 1H 2019 results were in line with Moody’s expectations and do not affect the company’s Baa1 issuer or senior unsecured ratings, or the stable outlook on the ratings. “We expect Weibo will continue to deliver steady revenue and earnings growth, driven by an increasing number of active users and growing online social advertising budgets,” says Lina Choi, a Moody’s Senior Vice President. Weibo’s user base, as measured by monthly active users (MAU) and average daily active users (DAU), continued to grow to 486 million and 211 million, up 13% and 11% year-on-year respectively.
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