Welcome to our dedicated page for Weibo Corporation news (Ticker: WB), a resource for investors and traders seeking the latest updates and insights on Weibo Corporation stock.
Weibo Corporation (symbol: WB) is a leading social media platform in China, primarily engaged in advertising and marketing services. Founded to enable people to create, discover, and share content, Weibo combines public self-expression with a robust platform for social interaction, content aggregation, and distribution. The company offers a range of advertising customization and marketing solutions, generating substantial revenue from these services. Weibo's main product is its social platform, which allows users to post multimedia and long-form content, creating viral conversations.
Weibo has expanded its services to include membership services on social platforms, online games, live broadcasts, and social e-commerce. The company's focus on a mobile-first philosophy ensures that content is displayed in an easy-to-navigate information feed format, enhancing user experience. Weibo's advanced social interest graph recommendation engine enables targeted advertising based on demographics, social relationships, interests, and behaviors, making marketing efforts more effective and engaging.
Recent achievements for Weibo include the successful offering of convertible senior notes amounting to US$300 million due 2030, intended to refinance part of its outstanding senior notes due 2024. The company has also announced a special cash dividend of US$200 million to its shareholders for 2024, showcasing its commitment to driving shareholder value.
Financially, Weibo reported total net revenues of US$463.7 million for the fourth quarter of 2023, a 3% increase year-over-year. The company also demonstrated solid growth in its advertising and marketing revenues, which were US$403.7 million for the same period. Despite challenges, Weibo has maintained a strong cash position with $3.3 billion in cash, cash equivalents, and short-term investments as of March 31, 2024.
Weibo's efforts in enhancing its product competitiveness and user engagement continue to pay off, as it aims for long-term profitability and growth. The company's strategic initiatives and recent financial maneuvers highlight its robust approach to navigating the dynamic social media landscape.
Weibo Corporation (NASDAQ: WB) reported solid financial results for Q4 and FY 2021, with total revenues of $616.3 million for Q4, up 20% year-over-year, and $2.26 billion for the full year, a 34% increase. Advertising revenues in Q4 were $550.8 million, marking a 21% increase. The company achieved a net income of $115.7 million in Q4 and $428.3 million for the year. Monthly active users reached 573 million in December 2021, with a substantial growth in mobile engagement. Weibo expects to enhance its product offerings and drive customer value in 2022.
Weibo Corporation (NASDAQ: WB) is set to announce its fourth quarter and fiscal year 2021 financial results on March 3, 2022, before the U.S. market opens. Following this, a conference call will occur from 6 AM to 7 AM ET to discuss financial performance and business operations. Interested parties should register in advance to obtain dial-in information. Weibo primarily generates revenue through advertising and marketing services, emphasizing a mobile-first approach.
Weibo Corporation has priced its global offering of 11,000,000 Class A ordinary shares at HK$272.80 each, equating to approximately US$35.01 per ADS. The offering includes 5,500,000 new shares and 5,500,000 shares sold by a selling shareholder. Expected gross proceeds to Weibo are around HK$1,500.4 million, aimed at enhancing user engagement, content ecosystem, and capital for strategic investments. Trading on the Hong Kong Stock Exchange is anticipated to commence on December 8, 2021. An over-allotment option allows the sale of an additional 1,650,000 shares until January 1, 2022.
Weibo Corporation (Nasdaq: WB) held its 2021 annual general meeting where shareholders approved several resolutions. These include the re-election of directors Ms. Hong Du, Mr. Daniel Yong Zhang, and Mr. Pehong Chen, who will serve until their retirement. Additionally, the company adopted a dual foreign name in Chinese and amended its memorandum and articles of association. Weibo continues to lead in social media, offering advertising solutions and engaging content for its users.
Weibo Corporation (Nasdaq: WB) announced a Global Offering of 11,000,000 Class A ordinary shares, comprising 5,500,000 New Shares and 5,500,000 Sale Shares from Sina Corporation. The Hong Kong Public Offering begins on November 29, 2021, while the International Offering is already underway. The maximum offer price is set at HK$388.00 (US$49.80) per share. Proceeds will be used to grow user engagement, enhance content, and pursue strategic opportunities. The offering is subject to market conditions, and there are no guarantees on completion.
Weibo Corporation (NASDAQ: WB) reported solid third-quarter results for 2021, with net revenues of $607.4 million, a 30% year-over-year increase. Advertising and marketing revenues rose 29% to $537.6 million, while value-added service revenues increased 42% to $69.8 million. Income from operations reached $213.0 million with a 35% operating margin. Net income attributable to Weibo was $181.7 million, equating to $0.78 diluted EPS. Cash and equivalents totaled $2.71 billion at quarter-end. Forward guidance estimates a 15%-20% revenue increase for Q4 2021.
Weibo Corporation (Nasdaq: WB), China’s leading social media platform, will hold its annual general meeting (AGM) on December 1, 2021. The AGM will consider proposed resolutions, along with class meetings for Class A and Class B shareholders. Eligible shareholders, as of November 3, 2021, can vote. The company’s annual report for the fiscal year ending December 31, 2020, is available on its website and the SEC. Weibo mainly generates revenue from advertising services, leveraging a mobile-first approach to enhance engagement with users.
Weibo Corporation (NASDAQ: WB) will announce its unaudited financial results for Q3 2021 before market opens on November 11, 2021. A conference call will follow from 6 AM to 7 AM Eastern Time to discuss the financial performance. Interested parties must pre-register for the call via the provided link. A replay of the call will be available from November 11 to November 19, 2021. Weibo emphasizes its role as a leading social media platform for content creation and brand promotion, primarily generating revenue through advertising and marketing services.
Weibo Corporation (NASDAQ: WB) reported strong Q2 2021 results with net revenues of $574.5 million, representing a 48% year-over-year increase. Advertising revenues were $502.3 million, up 47%, while value-added services (VAS) revenues surged 54% to $72.1 million. The operating income rose 82% to $193.2 million, with a 34% operating margin. However, net income dropped to $81.0 million, down from $198.4 million year-over-year. Management estimates Q3 2021 revenues to grow by 20% to 25% year-over-year on a constant currency basis.
Weibo Corporation (NASDAQ: WB) will announce its second quarter 2021 financial results on August 18, 2021. A conference call will follow from 7 AM to 8 AM ET to discuss the company's performance and operations. Registration is required to participate. Weibo continues to establish itself as a major social media platform, focusing on advertising and marketing solutions. The company faces various risks, including user engagement fluctuations and regulatory challenges in China.
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