3 Simple Reasons Why I Won't Buy Weibo Corporation Stock

Shares of Chinese social network Weibo (NASDAQ: WB) surged 160% this year fueled by a streak of big earnings beats. Its revenue soared 72% annually to $253 million last quarter, marking its highest growth rate in three years. Its monthly active users (MAUs) jumped 28% annually to 361 million, eclipsing Twitter's MAU base of 328 million.

On the bottom line, Weibo's non-GAAP net income surged 254% to $57.8 million, its GAAP net income jumped 561% to $46.9 million, and its adjusted EBITDA rose 272% to $70.5 million. Analysts expect its revenue and non-GAAP earnings to respectively rise 66% and 99% this year.

The international version of Weibo's app. Source: Google Play.

Source: Fool.com