Weibo Announces First Quarter 2024 Unaudited Financial Results
Weibo Corporation - American Depositary Shares (WB)
Last weibo corporation - american depositary shares earnings: 2/26 05:00 am
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ir.weibo.com
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Source: PR Newswire
BEIJING, May 23, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the first quarter ended March 31, 2024."We had a solid start to the year," said Gaofei Wang, CEO of Weibo. "On the user front, we focused on the acquisition and engagement of high quality users and improving ROI of our channel investments. On the content front, we also made progress in optimizing traffic structure through continuous execution of vertical content strategy. On the monetization front, Weibo's business demonstrated stabilized trend, with enhanced operating efficiency this quarter. Looking forward, we are committed to consistently driving value of our platform and improving shareholder returns."First Quarter 2024 HighlightsNet revenues were US$395.5 million, a decrease of 4% year-over-year or flat year-over-year on a constant currency basis [1].Advertising and marketing revenues
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- Weibo (WB) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Weibo Announces Results of 2024 Annual General Meeting [Yahoo! Finance]Yahoo! Finance
- Weibo Announces Results of 2024 Annual General MeetingPR Newswire
- Weibo Co. (NASDAQ: WB) was downgraded by analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating. They now have a $10.00 price target on the stock, down previously from $11.00.MarketBeat
- Weibo Corporation to Report First Quarter 2024 Financial Results on May 23, 2024PR Newswire
WB
Earnings
- 5/23/24 - Beat
WB
Sec Filings
- 5/23/24 - Form 6-K
- 5/22/24 - Form 6-K
- 5/8/24 - Form 6-K
- WB's page on the SEC website