China's microblogging site Weibo reported better-than-expected profit and revenue in the fourth quarter of last year as it benefited from strong advertising and marketing demand.
Net revenue surged 43 percent to $212.7 million while profit came to 34 U.S. cents per share, beating Reuters' estimate of 28 U.S. cents per share.
The company's advertising and marketing revenue jumped 42 percent from a year ago while monthly active users in December rose 33 percent from a year earlier to 313 million, with 90 percent using mobile devices.
