Weibo Corporation - WB STOCK NEWS

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.

Weibo (NASDAQ: WB, HKEX: 9898) announced its unaudited financial results for Q1 2024, ending March 31, 2024. Net revenues totaled $395.5 million, a 4% year-over-year decline. Advertising and marketing revenues reached $339 million, down 5% year-over-year. Value-added services generated $56.5 million, a 3% decrease. Operating income was $99.7 million, with a 25% margin. Net income attributable to shareholders was $49.4 million, with a diluted EPS of $0.19. Non-GAAP net income was $106.6 million, with a diluted EPS of $0.41. Monthly active users hit 588 million, and daily active users reached 255 million. Cash holdings stood at $3.3 billion.

Weibo (NASDAQ: WB, HKEX: 9898) announced the results of its 2024 Annual General Meeting held on May 22, 2024. Three key resolutions were adopted: Charles Chao, Pochin Christopher Lu, and Gaofei Wang were re-elected as directors to continue their tenure until retirement as per the company's memorandum and articles of association.

Weibo, a leading Chinese social media platform, allows users to create, share, and discover content. It generates most of its revenue through advertising and marketing services, leveraging a refined social interest graph recommendation engine for targeted marketing. The company's services cater to businesses of all sizes, promoting brand visibility and engagement through social display ads and promoted marketing offerings.

Weibo will report its unaudited financial results for the first quarter of 2024 on May 23, 2024. The management team will host a conference call to discuss the Company's financial performance and business operations. Details for registration and webcast are provided in the press release.

Weibo , a leading social media platform in China, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The report was submitted to the U.S. Securities and Exchange Commission on April 25, 2024. Shareholders and ADS holders can access the report on Weibo's investor relations website. The Company will also provide a hard copy of the report, including audited financial statements, free of charge upon request.

Weibo has released its 2023 Environmental, Social and Governance Report, highlighting its commitment to sustainable development. The report covers key ESG areas such as cybersecurity, human capital, content quality, social responsibility, and green operations. Weibo's achievements include optimizing corporate governance, fostering content ecosystems, supporting human capital development, engaging in social endeavors, and promoting green development.

Weibo , China's leading social media platform, will hold its annual general meeting on May 22, 2024, to consider proposed resolutions. Shareholders and ADS holders are encouraged to vote in favor of the resolutions. Holders of ordinary shares and ADSs as of April 23, 2024, are eligible to attend and vote at the meeting. Voting instructions for ADS holders must be given to JPMorgan Chase Bank, N.A.