Weibo Corp SEC Filings

Weibo Corporation furnished a Form 6-K to provide investors with a reconciliation of its consolidated financial statements prepared under U.S. GAAP to International Financial Reporting Standards (IFRS), as required by its Hong Kong Stock Exchange listing.

The filing shows how different accounting treatments for convertible senior notes, leases, investments measured at fair value, share-based compensation and redeemable non-controlling interests affect reported results. For the year ended December 31, 2025, net income attributable to Weibo's shareholders was 449,020 thousand under U.S. GAAP and 536,151 thousand under IFRS. As of December 31, 2025, total assets were 7,091,186 thousand under U.S. GAAP versus 7,213,946 thousand under IFRS.

Weibo Corporation reports its annual results and details its China-based structure, regulatory risks and cash flows. Total revenues were $1,757.2M in 2025, with net income of $461.1M. Variable interest entities in mainland China contributed about 86% of revenues over 2023–2025, while investors hold shares in a Cayman holding company, not the PRC operating entities.

Weibo had 567 million MAUs and 252 million DAUs in December 2025, and emphasizes competition for user attention and advertising budgets. The company highlights extensive PRC risks, including VIE enforceability, data security, anti‑monopoly enforcement and potential U.S. trading bans under the HFCAA. It also discloses sizeable intra‑group loans and service-fee flows between the WFOE and VIEs, strong cash balances of $2.30B at year-end 2025, and a cash dividend policy, paying $0.82 per share for 2025 and approving $0.61 per share for 2026.

Weibo Corporation reports its annual results and details its China-based structure, regulatory risks and cash flows. Total revenues were $1,757.2M in 2025, with net income of $461.1M. Variable interest entities in mainland China contributed about 86% of revenues over 2023–2025, while investors hold shares in a Cayman holding company, not the PRC operating entities.

Weibo had 567 million MAUs and 252 million DAUs in December 2025, and emphasizes competition for user attention and advertising budgets. The company highlights extensive PRC risks, including VIE enforceability, data security, anti‑monopoly enforcement and potential U.S. trading bans under the HFCAA. It also discloses sizeable intra‑group loans and service-fee flows between the WFOE and VIEs, strong cash balances of $2.30B at year-end 2025, and a cash dividend policy, paying $0.82 per share for 2025 and approving $0.61 per share for 2026.

Weibo Corporation has scheduled its annual general meeting of shareholders for May 27, 2026 at 2:30 p.m. (Hong Kong time) at Two International Finance Centre in Hong Kong. Shareholders will vote on three ordinary resolutions to re-elect Charles Guowei Chao, Gaofei Wang and Pochin Christopher Lu as directors, each to continue in office under the company’s memorandum and articles of association.

Holders of Class A and Class B ordinary shares of record as of the close of business on April 27, 2026 (Hong Kong time) may attend and vote in person or by proxy. Holders of American Depositary Shares of record as of the close of business on April 27, 2026 (New York time) may instruct JPMorgan Chase Bank, N.A., the ADS depositary, how to vote the underlying Class A shares. The board fully supports the proposed resolutions and recommends that shareholders and ADS holders vote in favor.

Weibo Corporation has scheduled its annual general meeting of shareholders for May 27, 2026 at 2:30 p.m. (Hong Kong time) at Two International Finance Centre in Hong Kong. Shareholders will vote on three ordinary resolutions to re-elect Charles Guowei Chao, Gaofei Wang and Pochin Christopher Lu as directors, each to continue in office under the company’s memorandum and articles of association.

Holders of Class A and Class B ordinary shares of record as of the close of business on April 27, 2026 (Hong Kong time) may attend and vote in person or by proxy. Holders of American Depositary Shares of record as of the close of business on April 27, 2026 (New York time) may instruct JPMorgan Chase Bank, N.A., the ADS depositary, how to vote the underlying Class A shares. The board fully supports the proposed resolutions and recommends that shareholders and ADS holders vote in favor.

WEIBO Corp director Du Hong filed an initial ownership report showing a mix of direct and indirect equity interests. Du Hong indirectly holds 827,986 ADS through Seawave Ventures Investments Limited and directly holds 104,725 ADS and 7,015 Class A ordinary shares. The filing also lists multiple restricted share awards, each convertible into Class A ordinary shares at an exercise price of 0.0000, with vesting dates ranging from August 16, 2026 through August 16, 2029. Each ADS represents one Class A ordinary share.

WEIBO Corp director Du Hong filed an initial ownership report showing a mix of direct and indirect equity interests. Du Hong indirectly holds 827,986 ADS through Seawave Ventures Investments Limited and directly holds 104,725 ADS and 7,015 Class A ordinary shares. The filing also lists multiple restricted share awards, each convertible into Class A ordinary shares at an exercise price of 0.0000, with vesting dates ranging from August 16, 2026 through August 16, 2029. Each ADS represents one Class A ordinary share.

WEIBO Corp senior vice president Cao Zenghui has filed an initial Form 3 reporting his equity holdings in the company. The filing lists multiple stock option awards over Class A ordinary shares, including rights to buy 12,500 shares at 21.1500 per share expiring on 2029-03-17, and several additional tranches at exercise prices of 32.6800, 3.8700 and 2.9300 with expirations through 2032-11-01. He also reports direct ownership of 101,705 American depositary shares, and a footnote states that each American depositary share represents one Class A ordinary share.

WEIBO Corp senior vice president Cao Zenghui has filed an initial Form 3 reporting his equity holdings in the company. The filing lists multiple stock option awards over Class A ordinary shares, including rights to buy 12,500 shares at 21.1500 per share expiring on 2029-03-17, and several additional tranches at exercise prices of 32.6800, 3.8700 and 2.9300 with expirations through 2032-11-01. He also reports direct ownership of 101,705 American depositary shares, and a footnote states that each American depositary share represents one Class A ordinary share.

Weibo Corp director Lu Pochin Christopher has filed an initial Form 3 reporting his beneficial ownership in the company. He directly holds 45,700 American depositary shares (ADS), with each ADS representing one Class A ordinary share. The filing also lists several blocks of restricted shares that are convertible into Class A ordinary shares at an exercise price of $0.0000 per share. These restricted shares cover multiple tranches of 6,250 underlying Class A ordinary shares each, plus one tranche of 3,050 underlying shares, with exercise dates running from May 16, 2026 through November 16, 2028. The restricted shares do not have an expiration date, indicating they remain outstanding until they are settled according to their terms.

Weibo Corp director Lu Pochin Christopher has filed an initial Form 3 reporting his beneficial ownership in the company. He directly holds 45,700 American depositary shares (ADS), with each ADS representing one Class A ordinary share. The filing also lists several blocks of restricted shares that are convertible into Class A ordinary shares at an exercise price of $0.0000 per share. These restricted shares cover multiple tranches of 6,250 underlying Class A ordinary shares each, plus one tranche of 3,050 underlying shares, with exercise dates running from May 16, 2026 through November 16, 2028. The restricted shares do not have an expiration date, indicating they remain outstanding until they are settled according to their terms.

WEIBO Corp Chief Operating Officer Wang Wei has filed an initial ownership report showing his equity stake in the company. He directly holds 216,528 American depositary shares (ADS), with each ADS representing one Class A ordinary share.

He also holds multiple stock options giving him the right to buy Class A ordinary shares at fixed prices. These include options with an exercise price of $21.15 per share expiring on March 17, 2029, covering tranches such as 25,000 underlying shares, and additional options with an exercise price of $2.69 per share expiring on March 12, 2032, including a 50,000‑share tranche. The entries are reported as holdings rather than new transactions.

WEIBO Corp Chief Operating Officer Wang Wei has filed an initial ownership report showing his equity stake in the company. He directly holds 216,528 American depositary shares (ADS), with each ADS representing one Class A ordinary share.

He also holds multiple stock options giving him the right to buy Class A ordinary shares at fixed prices. These include options with an exercise price of $21.15 per share expiring on March 17, 2029, covering tranches such as 25,000 underlying shares, and additional options with an exercise price of $2.69 per share expiring on March 12, 2032, including a 50,000‑share tranche. The entries are reported as holdings rather than new transactions.

WEIBO Corp director Pehong Chen filed an initial Form 3 detailing his ownership in the company. The filing lists direct holdings of 25,000 American depositary shares (ADSs), with each ADS representing one Class A ordinary share.

It also shows 141,376 ADSs held indirectly through the Chen Family Trust, which was established by Chen for the benefit of himself and his family, with Chen and Adele W. Chi as trustees. In addition, Chen holds restricted share awards covering 6,250, 6,250 and 1,800 Class A ordinary shares at a conversion price of $0.00, which do not have expiration dates and are scheduled to become exercisable on May 16, 2026, November 16, 2026 and May 16, 2027. The Form 3 records these as existing holdings rather than new open-market purchases or sales.

WEIBO Corp director Pehong Chen filed an initial Form 3 detailing his ownership in the company. The filing lists direct holdings of 25,000 American depositary shares (ADSs), with each ADS representing one Class A ordinary share.

It also shows 141,376 ADSs held indirectly through the Chen Family Trust, which was established by Chen for the benefit of himself and his family, with Chen and Adele W. Chi as trustees. In addition, Chen holds restricted share awards covering 6,250, 6,250 and 1,800 Class A ordinary shares at a conversion price of $0.00, which do not have expiration dates and are scheduled to become exercisable on May 16, 2026, November 16, 2026 and May 16, 2027. The Form 3 records these as existing holdings rather than new open-market purchases or sales.

WEIBO Corp director Wang Yan has filed an initial Form 3 disclosing existing equity holdings. The filing reports direct ownership of 24,950 American depositary shares (ADS), each representing one Class A ordinary share. It also lists several restricted share positions tied to Class A ordinary shares with an exercise price of 0.0000 and scheduled exercise dates ranging from August 16, 2026 through August 16, 2029. These entries reflect holdings rather than new open‑market purchases or sales.

WEIBO Corp director Wang Yan has filed an initial Form 3 disclosing existing equity holdings. The filing reports direct ownership of 24,950 American depositary shares (ADS), each representing one Class A ordinary share. It also lists several restricted share positions tied to Class A ordinary shares with an exercise price of 0.0000 and scheduled exercise dates ranging from August 16, 2026 through August 16, 2029. These entries reflect holdings rather than new open‑market purchases or sales.

WEIBO Corp Chief Financial Officer Cao Fei filed an initial ownership report showing existing equity interests in the company. The filing lists several stock option awards over Class A ordinary shares with exercise prices of $21.1500 and $2.6900, expiring between 2029 and 2032. It also reports direct ownership of 119,001 American depositary shares, with each ADS representing one Class A ordinary share. The filing records holdings only and does not show new purchases or sales.

WEIBO Corp Chief Financial Officer Cao Fei filed an initial ownership report showing existing equity interests in the company. The filing lists several stock option awards over Class A ordinary shares with exercise prices of $21.1500 and $2.6900, expiring between 2029 and 2032. It also reports direct ownership of 119,001 American depositary shares, with each ADS representing one Class A ordinary share. The filing records holdings only and does not show new purchases or sales.