Skip to content
Subscriber Only

Weibo Loss Narrows as User Additions Boost Advertising Revenue

Weibo Corp. reported a narrower second-quarter loss as user additions helped the Chinese microblogging service controlled by Sina Corp. to win more advertising sales.

The net loss was $15.4 million in the three months ended June 30 from a loss of $35.1 million a year earlier, the Beijing-based company said in a statement today. Sales more than doubled to $77.3 million, higher than Weibo’s forecast in May of sales of $74 million to $76 million.