Welcome to our dedicated page for Weibo news (Ticker: WB), a resource for investors and traders seeking the latest updates and insights on Weibo stock.
Weibo Corporation (WB) is a leading Chinese social media platform enabling real-time public expression and content sharing across its mobile-first network. This page serves as the definitive source for official company announcements, financial updates, and market analysis related to Weibo's operations in digital advertising and social networking.
Investors and industry professionals will find curated press releases covering earnings reports, strategic partnerships, product innovations, and regulatory developments. Our news collection provides insights into Weibo's advertising solutions, user engagement metrics, and competitive positioning within China's dynamic digital ecosystem.
Key updates include developments in Weibo's recommendation algorithms, advertising partnerships, and content moderation initiatives. Bookmark this page to monitor how the platform adapts to evolving user behaviors and advertising trends in mobile-first markets.
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.
