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By Charlotte Yang / Nov 29, 2018 02:50 PM / Business & Tech

Photo: VCG

Photo: VCG

Weibo continues to leave Twitter in the dust.

The Chinese social media platform’s monthly active users reached 445.9 million in September, up 70 million from one year before, according to a report Weibo published Wednesday. The platform’s average daily active users also witnessed a surge to about 195 million users. 

Weibo’s growing user base has pushed it way ahead of Twitter, which has been struggling with sharp declines in its own users and is banned in China. For the third quarter, Twitter’s monthly active users fell by 4 million year-on-year to 326 million. 

Weibo’s third-quarter report also posted some strong earnings results. The company's net income per share stood at 75 cents, up from 51 cents per share the same period last year. The company’s total revenue surged 44% to $460.2 million from the same period last year, and advertising and marketing revenue were up 48% to $409.3 million.

Related: Weibo Resurrected by Cyber Celebrities

 


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