Weibo Announces Third 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, Nov. 19, 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 third quarter ended September 30, 2024."We had a solid quarter," said Gaofei Wang, CEO of Weibo. "On the user front, we continued to focus on the acquisition and engagement of high quality users. On the monetization front, our advertising business has exhibited a stabilized trend this quarter. We are pleased to see robust growth of ad revenues from certain key sectors, mainly driven by ad demand during the Summer Olympics. Our value-added services business also delivered strong momentum this quarter, benefiting from the upgrade of membership services catering to users' social interactions on the platform." Third Quarter 2024 HighlightsNet revenues were US$464.5 million, an increase of 5% year-over-year or an increase of 3% year-over-year on a constant currency basis [1].Advertising and
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News
- Weibo Co. (NASDAQ: WB) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Weibo Corp (WB) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Market Challenges [Yahoo! Finance]Yahoo! Finance
- Here's What Key Metrics Tell Us About Weibo (WB) Q3 Earnings [Yahoo! Finance]Yahoo! Finance
- Insights Into Weibo (WB) Q3: Wall Street Projections for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Weibo Co. (NASDAQ: WB) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
WB
Earnings
- 11/19/24 - Beat
WB
Sec Filings
- 11/19/24 - Form 6-K
- 10/29/24 - Form 6-K
- WB's page on the SEC website