Weibo - WB STOCK NEWS

Weibo (NASDAQ: WB) has released its 2024 ESG Report, highlighting significant achievements in social responsibility and sustainable development. The report showcases the company's Weibo Charity Platform launching over 24,000 public welfare projects, attracting 51+ million donations totaling RMB 760 million.

Key highlights include: content ecosystem expansion to 39 verticals, development of proprietary 'Zhiwei' large language model, workforce diversity with 53% female employees, and environmental progress with a 39% reduction in Scope 3 greenhouse gas emissions over three years. The company's data centers maintain a Power Usage Effectiveness of 1.2 with 50% green power usage.

In 2024, Weibo participated in formulating 11 industry standards and 17 group standards in information security and privacy protection, while also contributing to AI content regulation initiatives.

Weibo (Nasdaq: WB; HKEX: 9898), China's leading social media platform, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report was submitted to the U.S. Securities and Exchange Commission on April 15, 2025.

The annual report is accessible through Weibo's investor relations website at http://ir.weibo.com. Shareholders and ADS holders can request a complimentary hard copy of the annual report, which includes audited consolidated financial statements, by contacting the company's Investor Relations department at their Beijing headquarters.

Weibo (Nasdaq: WB, HKEX: 9898), China's leading social media platform, has announced its upcoming Annual General Meeting (AGM) scheduled for May 20, 2025, at 2:00 p.m. Hong Kong time. The meeting will be held at Two International Finance Centre in Central, Hong Kong.

The AGM will focus on reviewing and voting on proposed resolutions, with the board of directors recommending shareholders and ADS holders to vote in favor. Shareholders of both Class A and Class B ordinary shares as of April 30, 2025 (Hong Kong time) are eligible to attend and vote. ADS holders as of April 30, 2025 (New York time) can exercise voting rights through JPMorgan Chase Bank.

Weibo (WB) has released its Q4 and fiscal year 2024 financial results, announcing a US$200 million annual dividend payout. For Q4 2024, the company reported:

- Net revenues of US$456.8 million (1% YoY decrease)
- Advertising revenues of US$385.9 million (4% YoY decrease)
- VAS revenues of US$71.0 million (18% YoY increase)
- Operating margin of 26%
- Net income of US$8.9 million

For FY2024, key metrics include:
- Total revenues of US$1.75 billion
- Operating margin of 28%
- Non-GAAP operating margin of 33%
- MAUs reached 590 million
- DAUs reached 260 million

The company's board approved a cash dividend of US$0.82 per share, payable in May 2025.

Weibo (Nasdaq: WB and HKEX: 9898), a leading social media platform, has scheduled the announcement of its unaudited financial results for Q4 and fiscal year 2024 before the U.S. market opens on March 13, 2025.

The company's management team will host a conference call from 7 AM to 8 AM Eastern Time (7 PM to 8 PM Beijing Time) on the same day to discuss financial performance and business operations. Interested participants must register through the provided link to join the teleconference. A live and archived webcast will also be available on Weibo's investor relations website.

Weibo (WB) reported solid Q3 2024 financial results with net revenues of US$464.5 million, up 5% year-over-year. Advertising revenues reached US$398.6 million, increasing 2% YoY, while Value-added services revenues grew 25% to US$65.9 million. The company achieved an operating margin of 30% with income from operations of US$141.3 million. Net income attributable to shareholders was US$130.6 million, with diluted EPS of US$0.50. Monthly active users reached 587 million, with daily active users at 257 million in September 2024.

Weibo (Nasdaq: WB, HKEX: 9898) has announced it will release its unaudited financial results for the third quarter 2024 before U.S. market opens on November 19, 2024. The company will host a conference call from 6 AM to 7 AM Eastern Time (7 PM to 8 PM Beijing Time) on the same day, where management will discuss financial performance and business operations. Interested participants must register through the provided link to join the teleconference, and a live and archived webcast will be available on Weibo's investor relations website.

Weibo announced its unaudited financial results for Q2 2024, ending June 30. The company generated net revenues of $437.9 million, marking a 1% YoY decrease but a 1% increase on a constant currency basis. Advertising and marketing revenues were $375.3 million, down 3% YoY. However, VAS revenues rose 15% YoY to $62.6 million. Income from operations was $135.4 million with a 31% operating margin. Net income attributable to shareholders was $111.9 million, translating to diluted EPS of $0.43. Non-GAAP net income was $126.3 million, with non-GAAP diluted EPS of $0.48.

Weibo reported 583 million MAUs and 256 million DAUs as of June 2024. The company's cash, cash equivalents, and short-term investments stood at $2.8 billion. Operating activities generated $132.1 million in cash. Expenses decreased by 5% YoY to $302.5 million, driven by lower personnel costs. Income tax expenses rose to $33.3 million, partly due to accrued withholding tax.

Weibo (Nasdaq: WB and HKEX: 9898), a leading social media platform, has announced it will release its unaudited financial results for the second quarter of 2024 on August 22, 2024, before the U.S. market opens. Following this announcement, the company's management team will host a conference call from 7 AM to 8 AM Eastern Time (7 PM to 8 PM Beijing Time) on the same day.

Interested participants can register for the teleconference through a provided link. A live and archived webcast of the conference call will also be available on Weibo's investor relations website.