Weibo Corp (WB) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Market Challenges [Yahoo! Finance]
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: Yahoo! Finance
The company's non-GAAP operating income was $164.5 million, with a non-GAAP operating margin of 35%. Despite revenue growth, Weibo faced a sluggish consumer environment, impacting client marketing demand, and anticipates continued uncertainties in the advertising market. The company's user base grew, with 587 million monthly active users and 257 million daily active users. Weibo's CEO expects double-digit growth in 3C products and consumer electronics in Q4 due to national subsidies, and high growth in value-added services revenue. Revenue: $464.5 million, up 5% year over year. Advertising Revenue: $398.6 million, up 2% year over year. Value-Added Services (VAS) Revenue: $65.9 million, up 25% year over year. Non-GAAP Operating Income: $164.5 million, with a non-GAAP operating margin of 35%. Net Income: $139.2 million, with a net margin of 30%. Diluted EPS: Mobile Ad Revenue: $374.2 million, contributing approximately 94% of total ad revenue. Cash, Cash Equivalents, and
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News
- Weibo Co. (NASDAQ: WB) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Best Value Stocks to Buy for December 5th [Yahoo! Finance]Yahoo! Finance
- Weibo Co. (NASDAQ: WB) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Here's What Key Metrics Tell Us About Weibo (WB) Q3 Earnings [Yahoo! Finance]Yahoo! Finance
- Weibo Announces Third Quarter 2024 Unaudited Financial ResultsPR Newswire
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