US Market News
1週前
Weibo Announces First Quarter 2026 Unaudited Financial ResultsMay 28, 2026 5:00 AM
PR Newswire (US) BEIJING, May 28, 2026 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the first quarter ended March 31, 2026."We are pleased with the first quarter results," said Gaofei Wang, CEO of Weibo. "On the user and product front, we optimized the homepage feed consumption experience and enhanced supply and distribution of quality video content, driving user retention and engagement on our platform. On the content ecosystem front, we enhanced user content consumption efficiency and engagement by improving the quality of trending content, deepening community interaction, and strengthening AI-powered search capabilities. On the monetization front, our advertising business exhibited stabilized trend in the first quarter. We continued to expand our unique content marketing approach across more industries and clients, while leveraging AI to systematically improve advertising conversion effectiveness."First Quarter 2026 Highlights Net revenues were US$421.3 million, an increase of 6% year-over-year or an increase of 1% year-over-year on a constant currency basis [1].Advertising and marketing revenues were US$369.8 million, an increase of 9% year-over-year or an increase of 3% year-over-year on a constant currency basis [1].Value-added services ("VAS") revenues were US$51.6 million, a decrease of 11% year-over-year or a decrease of 15% year-over-year on a constant currency basis [1].Income from operations was US$110.9 million, representing an operating margin of 26%.Net income attributable to Weibo's shareholders was US$34.7 million and diluted net income per share was US$0.14.Non-GAAP income from operations was US$119.8 million, representing a non-GAAP operating margin of 28%.Non-GAAP net income attributable to Weibo's shareholders was US$91.9 million and non-GAAP diluted net income per share was US$0.34.Monthly active users ("MAUs") were 562 million in March 2026.Average daily active users ("DAUs") were 254 million in March 2026.[1] We define constant currency (non-GAAP) by assuming that the average exchange rate in the first quarter of 2026 was the same as it was in the first quarter of 2025, or RMB7.25=US$1.00.First Quarter 2026 Financial ResultsFor the first quarter of 2026, Weibo's total net revenues were US$421.3 million, an increase of 6% compared to US$396.9 million for the same period last year.Advertising and marketing revenues for the first quarter of 2026 were US$369.8 million, an increase of 9% compared to US$339.1 million for the same period last year. Advertising and marketing revenues excluding advertising revenues from Alibaba were US$326.5 million, an increase of 10% compared to US$296.5 million for the same period last year. The increase mainly resulted from favorable foreign exchange impact on the reported numbers as well as incremental advertising demand from certain sectors, such as internet services, automobile and local services. Advertising and marketing revenues from Alibaba were US$43.3 million, an increase of 2% compared to US$42.6 million for the same period last year.VAS revenues for the first quarter of 2026 were US$51.6 million, a decrease of 11% compared to US$57.7 million for the same period last year, primarily due to less revenue contribution from game-related business.Costs and expenses for the first quarter of 2026 totaled US$310.4 million, an increase of 8% compared to US$286.5 million for the same period last year, mainly due to the increase of ad production cost and marketing expense, partially offset by the decrease of general and administrative expense.Income from operations for the first quarter of 2026 was US$110.9 million, compared to US$110.3 million for the same period last year. Operating margin was 26%, compared to 28% last year. Non-GAAP income from operations was US$119.8 million, compared to US$129.5 million for the same period last year. Non-GAAP operating margin was 28%, compared to 33% last year.Non-operating loss for the first quarter of 2026 was US$59.9 million, compared to non-operating income of US$22.1 million for the same period last year. Non-operating loss for the first quarter of 2026 mainly included (i) loss from fair value change of investments of US$35.0 million, which was excluded under non-GAAP measures; and (ii) net interest and other loss of US$24.9 million, which included equity pick up losses of US$22.1 million.Income tax expenses for the first quarter of 2026 were US$15.7 million, compared to US$24.3 million for the same period last year. The decrease in tax expenses in the first quarter of 2026 was mainly due to the reversal of US$6.7 million deferred tax liability related to equity pick up losses which was recognized in prior periods.Net income attributable to Weibo's shareholders for the first quarter of 2026 was US$34.7 million, compared to US$107.0 million for the same period last year. Diluted net income per share attributable to Weibo's shareholders for the first quarter of 2026 was US$0.14, compared to US$0.41 for the same period last year. Non-GAAP net income attributable to Weibo's shareholders for the first quarter of 2026 was US$91.9 million, compared to US$119.5 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo's shareholders for the first quarter of 2026 was US$0.34, compared to US$0.45 for the same period last year.As of March 31, 2026, Weibo's cash, cash equivalents and short-term investments totaled US$2.59 billion. For the first quarter of 2026, cash provided by operating activities was US$164.0 million, capital expenditures totaled US$11.9 million, and depreciation and amortization expenses amounted to US$15.5 million.Conference CallWeibo's management team will host a conference call from 7:00 AM to 8:00 AM Eastern Time on May 28, 2026 (or 7:00 PM to 8:00 PM Beijing Time on May 28, 2026) to present an overview of the Company's financial performance and business operations.Participants who wish to dial in to the teleconference must register through the below public participant link. Dial-in and instructions will be provided in the confirmation email upon registering.Participants Registration Link:
https://register-conf.media-server.com/register/BIb549b1f6935046d98b52a0fe61be918eAdditionally, a live and archived webcast of this conference call will be available at http://ir.weibo.com. Non-GAAP Financial MeasuresThis release contains the following non-GAAP financial measures: non-GAAP income from operations, non-GAAP net income attributable to Weibo's shareholders, non-GAAP diluted net income per share attributable to Weibo's shareholders and adjusted EBITDA. These non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company's financial performance prepared in accordance with U.S. GAAP.The Company's non-GAAP financial measures exclude stock-based compensation, amortization of intangible assets resulting from business acquisitions, net results of impairment and provision on investments, gain/loss on sale of investments and fair value change of investments, non-GAAP to GAAP reconciling items on the share of equity method investments, non-GAAP to GAAP reconciling items for the income/loss attributable to non-controlling interests, income tax expense related to the amortization of intangible assets resulting from business acquisitions and fair value change of investments (other non-GAAP to GAAP reconciling items have no tax effect), and amortization of issuance cost of convertible senior notes, unsecured senior notes and long-term loans. Adjusted EBITDA represents non-GAAP net income attributable to Weibo's shareholders before interest income/expense, net, income tax expenses/benefits, and depreciation expenses.The Company's management uses these non-GAAP financial measures in their financial and operating decision-making, because management believes these measures reflect the Company's ongoing operating performance in a manner that allows more meaningful period-to-period comparisons. The Company believes that these non-GAAP financial measures provide useful information to investors and others in the following ways: (i) in comparing the Company's current financial results with the Company's past financial results in a consistent manner, and (ii) in understanding and evaluating the Company's current operating performance and future prospects in the same manner as management does. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gains/losses and other items (i) that are not expected to result in future cash payments or (ii) that are non-recurring in nature or may not be indicative of the Company's core operating results and business outlook.Use of non-GAAP financial measures has limitations. The Company's non-GAAP financial measures do not include all income and expense items that affect the Company's operations. They may not be comparable to non-GAAP financial measures used by other companies. Accordingly, care should be exercised in understanding how the Company defines its non-GAAP financial measures. Reconciliations of the Company's non-GAAP financial measures to the nearest comparable GAAP measures are set forth in the section below titled "Unaudited Reconciliation of Non-GAAP to GAAP Results."About WeiboWeibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. Weibo generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Weibo displays content in a simple information feed format and offers native advertisement that conforms to the information feed on our platform. We are continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.Safe Harbor StatementThis press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology, such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "confidence," "estimates" and similar statements. Among other things, Weibo's expected financial performance and strategic and operational plans, as described, without limitation, in quotations from management in this press release, contain forward-looking statements. Weibo may also make written or oral forward-looking statements in the Company's periodic reports to the U.S. Securities and Exchange Commission ("SEC"), in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, Weibo's limited operating history in certain new businesses; failure to sustain or grow active user base and the level of user engagement; the uncertain regulatory landscape in China; fluctuations in the Company's quarterly operating results; the Company's reliance on advertising and marketing sales for a majority of its revenues; failure to successfully develop, introduce, drive adoption of or monetize new features and products; failure to compete effectively for advertising and marketing spending; failure to successfully integrate acquired businesses; risks associated with the Company's investments, including equity pick-up and impairment; failure to compete successfully against new entrants and established industry competitors; changes in the macro-economic environment, including the depreciation of the Renminbi; and adverse changes in economic and political policies of the PRC government and its impact on the Chinese economy. Further information regarding these and other risks is included in Weibo's annual reports on Form 20-F and other filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is current as of the date hereof, and Weibo assumes no obligation to update such information, except as required under applicable law.Contact:
Investor Relations
Weibo Corporation
Phone: +86 10 5898-3336
Email: ir@staff.weibo.comWEIBO CORPORATIONUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands of U.S. dollars and in thousands for shares, except per share data)
Three months ended
March 31,
March 31,
2025
2026Net revenues:
Advertising and marketing$ 339,106
$ 369,755 Value-added services57,749
51,570
Net revenues396,855
421,325
Costs and expenses:
Cost of revenues (1)88,802
117,743 Sales and marketing (1)95,810
112,297 Product development (1)76,021
73,497 General and administrative (1)25,912
6,867
Total costs and expenses286,545
310,404Income from operations110,310
110,921
Non-operating income (loss):
Investment related income (loss), net8,357
(35,031) Interest and other income (loss), net13,746
(24,884)
22,103
(59,915)
Income before income tax expenses132,413
51,006 Less: Income tax expenses24,291
15,672
Net income108,122
35,334 Less: Net income attributable to non-controlling interests334
424 Accretion to redeemable non-controlling interests824
195Net income attributable to Weibo's shareholders$ 106,964
$ 34,715
Basic net income per share attributable to Weibo's shareholders$ 0.45
$ 0.15Diluted net income per share attributable to Weibo's shareholders$ 0.41
$ 0.14
Shares used in computing basic net income per share attributable
to Weibo's shareholders238,284
239,365Shares used in computing diluted net income per share attributable
to Weibo's shareholders266,494
270,121
(1) Stock-based compensation in each category:
Cost of revenues$ 1,239
$ 446
Sales and marketing2,929
787
Product development6,840
1,920
General and administrative4,039
1,383 WEIBO CORPORATIONUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands of U.S. dollars)
As of
December 31,
March 31,
2025
2026
Assets
Current assets:
Cash and cash equivalents$ 2,298,941
$ 1,516,544
Short-term investments106,139
1,077,669
Accounts receivable, net400,209
348,327
Prepaid expenses and other current assets330,356
339,694
Amount due from SINA(1)441,143
433,992
Current assets subtotal3,576,788
3,716,226
Property and equipment, net282,442
283,428
Goodwill and intangible assets, net265,573
264,596
Long-term investments1,663,346
1,615,457
Other non-current assets1,303,037
1,313,890
Total assets$ 7,091,186
$ 7,193,597
Liabilities, Redeemable Non-controlling Interests and Shareholders' Equity
Liabilities:
Current liabilities:
Accounts payable$ 248,977
$ 246,496
Accrued expenses and other current liabilities648,492
642,547
Income taxes payable80,049
95,663
Deferred revenues78,315
95,652
Dividends payable-
149,748
Current liabilities subtotal1,055,833
1,230,106
Long-term liabilities:
Convertible senior notes323,944
324,729
Unsecured senior notes745,630
745,872
Long-term loans793,976
794,892
Other long-term liabilities164,240
165,232
Total liabilities3,083,623
3,260,831
Redeemable non-controlling interests32,828
17,152
Shareholders' equity :
Weibo shareholders' equity 3,920,729
3,860,418
Non-controlling interests54,006
55,196
Total shareholders' equity 3,974,735
3,915,614
Total liabilities, redeemable non-controlling interests and
shareholders' equity$ 7,091,186
$ 7,193,597
(1) Included short-term loans to and interest receivable from SINA of US$401.9 million as of
December 31, 2025 and US$397.9 million as of March 31, 2026. WEIBO CORPORATION
UNAUDITED RECONCILIATION OF NON-GAAP TO GAAP RESULTS
(In thousands of U.S. dollars and in thousands for shares, except per share data)
Three months ended
March 31,
March 31,
2025
2026
Income from operations$110,310
$110,921
Add:Stock-based compensation
15,047
4,536
Amortization of intangible assets resulting from business acquisitions
4,122
4,345
Non-GAAP income from operations$129,479
$119,802
Net income attributable to Weibo's shareholders$106,964
$34,715
Add:Stock-based compensation
15,047
4,536
Amortization of intangible assets resulting from business acquisitions
4,122
4,345
Investment related gain/loss, net (1)
(8,357)
35,031
Non-GAAP to GAAP reconciling items on the share of equity method investments
1,039
17,776
Non-GAAP to GAAP reconciling items for the income/loss attributable to non-controlling interests
(492)
(524)
Tax effects on non-GAAP adjustments (2)
(734)
(5,894)
Amortization of issuance cost of convertible senior notes, unsecured senior notes and long-term loans
1,943
1,943
Non-GAAP net income attributable to Weibo's shareholders$119,532
$91,928
Non-GAAP diluted net income per share attributable to Weibo's shareholders$0.45*$0.34*
Shares used in computing GAAP diluted net income per share attributable to Weibo's shareholders
266,494
270,121
Shares used in computing non-GAAP diluted net income per share attributable to Weibo's shareholders
266,494
270,121
Adjusted EBITDA:
Net income attributable to Weibo's shareholders$106,964
$34,715
Non-GAAP adjustments
12,568
57,213
Non-GAAP net income attributable to Weibo's shareholders
119,532
91,928
Interest (income) expense, net
(13,986)
2,394
Income tax expenses
25,025
21,566
Depreciation expenses
9,149
10,865
Adjusted EBITDA$139,720
$126,753
Net revenues$396,855
$421,325
Non-GAAP operating margin
33 %
28 %
(1)To adjust impairment and provision on investments, gain/loss on sale of investments and fair value change of investments.
(2)To adjust the income tax effects of non-GAAP adjustments, which primarily related to amortization of intangible assets resulting
from business acquisitions and fair value change of investments. Other non-GAAP adjustment items have no tax effect, because (i)
they were recorded in entities established in tax free jurisdictions, or (ii) full valuation allowances were provided for related deferred
tax assets as it is more-likely-than-not they will not be realized.
* Net income attributable to Weibo's shareholders is adjusted for interest expense of convertible senior notes for calculating diluted EPS.
WEIBO CORPORATIONUNAUDITED ADDITIONAL INFORMATION(In thousands of U.S. dollars)
Three months ended
March 31,
March 31,
2025
2026
Net revenues
Advertising and marketing
Non-Ali advertisers
$ 296,494
$ 326,503
Alibaba
42,612
43,252
Subtotal
339,106
369,755
Value-added services
57,749
51,570
$ 396,855
$ 421,325 View original content:https://www.prnewswire.com/news-releases/weibo-announces-first-quarter-2026-unaudited-financial-results-302784136.htmlSOURCE Weibo Corporation Original: Weibo Announces First Quarter 2026 Unaudited Financial Results
US Market News
1月前
Weibo Publishes 2025 Environmental, Social and Governance ReportApril 28, 2026 4:30 AM
PR Newswire (US)
BEIJING, April 28, 2026 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB and HKEX: 9898), a leading social media in China, today announced that it has published its 2025 Environmental, Social and Governance ("ESG") Report. The ESG report comprehensively showcases the Company's value creation across various topics, such as social value, technology empowerment, information security, employee development, content ecosystem, and green operations, demonstrating Weibo's long-term commitment to sustainable development."ESG is not only a guiding philosophy but also a call to action, and actions speak louder than words," said Mr. Charles Chao, Chairman of the Board of Weibo. "Weibo will stay dedicated to its original mission and continuously deepen ESG governance and practice, leveraging AI as the pivot and responsibility as the cornerstone. Looking ahead, we look forward to collaborating with every user, ecosystem partner, and all sectors of society to truly realize our vision of making the world a better place with the power of Weibo."Weibo 2025 ESG Highlights:1. Fulfilling Corporate Social Responsibility and Leveraging Social Media Value: Total Funds Raised on the Weibo Charity Platform Exceeded RMB790 MillionLeveraging the value proposition of social media platforms, Weibo is dedicated to amplifying social goodwill with platform capabilities, and fulfilling corporate responsibility through practical actions. In 2025, Weibo's total annual donations exceeded RMB16 million[1], primarily allocated to areas in critical need, such as disaster relief efforts for the Tibet earthquake and the Hong Kong fire, as well as rural educational support programs. The Weibo Charity Platform facilitated over 2.52 million individual donations annually, raising over RMB34.7 million in the year. As of the end of 2025, over 24,000 public welfare projects have been operated on the Weibo Charity Platform, with total funds raised on the platform exceeding RMB790 million.Additionally, Weibo has refined its social-collaborative network, which closely connects governments, public welfare organizations, enterprises, celebrities, and hundreds of millions of users. Weibo actively fulfills social responsibilities together with its user community. The platform actively champions social causes, such as care for underprivileged communities, rural revitalization and traditional Chinese culture promotion, etc.2. Empowering Product Innovation with AI and Creating a Diverse Content Ecosystem: MAUs of Weibo Intelligent Search Surpassed 80 MillionEmpowered by advanced large language models, Weibo has deeply embedded AI into its business operations, integrating technological innovation throughout the entire product lifecycle. We have revamped Weibo's product experience, featuring intelligent interpretation and precise targeting of multimodal content. Meanwhile, we also systematically deploy AI capabilities across our monetization ecosystem, to drive the synergy between user experience and monetization growth. In December 2025, the MAUs of Weibo Intelligent Search product surpassed 80 million, with significant growth in DAUs and search queries. AI-generated ad creatives already accounted for 40% of consumption in promoted feed ad offerings under the real-time bidding system.Weibo continues to enrich its vertical content ecosystem and has cultivated a diverse content ecosystem covering 43 verticals, such as entertainment, media, social current affairs, sports, finance, digital, games, and TV dramas & variety shows, etc., striving to provide users with rich, diverse, and high-quality multimedia content.3. Advocating the "Tech for Good" Philosophy and Strengthening Information Security: 100% Coverage of ISO 27001 CertificationWeibo continuously optimizes its information security management system and safeguards user privacy, fostering a trustworthy and responsible platform. We have comprehensively upgraded the "Three-dimension and Four-layer" information security mechanism and established a full-lifecycle protection mechanism for personal information. In 2025, Weibo successfully passed the ISO 27001 Information Security Management System Certification, covering 100% of the Weibo App businesses, as well as National Classified Protection of Cybersecurity (Level 3) certification.Weibo advocates for "tech for good." The Company places strong emphasis on the safety of AI products and continuously refines its AI ethics framework, while advancing the implementation of AI technologies. Weibo maintains due caution and vigilance against the echo chamber effect and vulgar content, and upholds fairness and transparency in its algorithms. In key scenarios such as search and recommendation, Weibo discloses the underlying principles of its algorithms, leveraging technology to empower the platform and safeguard a healthy space for public discourse.4. Championing Diversity, Equity, and Inclusion, and Strengthening Human Capital: Female Employees Account for 55% of TotalWeibo strives to create an equal, diverse, and inclusive workplace. During the recruitment process, Weibo ensures that female candidates have equal opportunities. By the end of 2025, female employees accounted for 55% of total employees, with women occupying 49% of STEM[2]-related positions and 59% of revenue-generating roles. Women hold various leadership roles within the Company, including senior management positions and board members.Weibo has established a comprehensive talent training system, achieving a 100% employee training coverage rate, with an average of approximately 26 training hours per employee in 2025. The Company provides employees with broad career development opportunities, competitive package, and a wide range of employee care programs, enhancing their sense of belonging and recognition. In 2025, our employee dedication rate reached 84% in the annual employee satisfaction survey, ranking in the top 25% of China's internet industry. Weibo was also honored with several excellent employer awards.5. Focusing on Climate Change Response and Building Sustainable Digital Infrastructure: Scope 3 Greenhouse Gas Emissions Reduced by 41%Weibo is firmly committed to sustainable development philosophy, integrating green operations throughout its entire business lifecycle. The Company promotes technology innovation and scientific management across data center construction and site selection, daily operations, and supply chain procurement. We endeavor to save energy and reduce carbon footprint and drive digitalization, dedicating ourselves to building a sustainable future.In 2025, Weibo's Scope 3 greenhouse gas emissions reduced by approximately 41% compared with 2024, exceeding its emissions reduction target. The Company also surpassed its water conservation target, achieving a conservation rate of 5.6%. In terms of infrastructure, Weibo continues to advance the strategic layout of computing hubs under the "East Data, West Computing" initiative. Newly built data centers in the Beijing–Tianjin–Hebei region achieved a PUE[3] of 1.25, with green power accounting for no less than 50%. In addition, Sina Plaza, the headquarter of Weibo, has obtained the LEED Platinum-level green building certification for both the construction and operation phases. We also extended green practices to our supply chain by establishing ESG evaluation criteria for suppliers, requiring energy efficiency indicators in server procurement, driving collaborative carbon reduction across the entire industrial chain.Weibo's 2025 ESG report is available in both Chinese and English. For more information on our ESG reports and policies, please visit http://ir.weibo.com.Note:
1. The annual donation amount included donation by Weibo, as well as donation under the name of its parent company Sina, and through the Sina Yangfan Public Welfare Fund.
2. STEM refers to Science, Technology, Engineering and Mathematics.
3. PUE represents power usage effectiveness.Contacts
Investors Relations
Weibo Corporation
Tel: +86-10-5898-3336
Email: ir@staff.weibo.com
View original content:https://www.prnewswire.com/news-releases/weibo-publishes-2025-environmental-social-and-governance-report-302755460.htmlSOURCE Weibo Corporation
Original: Weibo Publishes 2025 Environmental, Social and Governance Report
US Market News
3月前
Weibo Announces Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results and Annual DividendMarch 18, 2026 5:00 AM
PR Newswire (US)
BEIJING, March 18, 2026 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025 and annual dividend."We ended the year 2025 with solid performance in the fourth quarter," said Gaofei Wang, CEO of Weibo. "On the user front, we focused on enhancing user value through reinforcing our social features and optimizing recommendation content ecosystem to improve content consumption. On the AI technology front, we continued to see robust growth of the user scale and search queries of our intelligent search function throughout this year, which further enhanced users' content consumption efficiency and drove more coherent and in-depth search demands on the platform. On the monetization front, our advertising business exhibited stabilized trend in 2025, driven by strong performance of certain key industries. We continued to beef up our efforts in strengthening our position in content marketing and strengthening AI capability to improve advertising efficiency. As our commitment to enhancing shareholder return, we are pleased to announce that our board of directors has approved an annual dividend payout of US$150 million to our shareholders for fiscal year 2025."Fourth Quarter 2025 HighlightsNet revenues were US$473.3 million, an increase of 4% year-over-year or an increase of 1% year-over-year on a constant currency basis [1].Advertising and marketing revenues were US$403.8 million, an increase of 5% year-over-year or an increase of 2% year-over-year on a constant currency basis [1].Value-added services ("VAS") revenues were US$69.5 million, a decrease of 2% year-over-year or a decrease of 4% year-over-year on a constant currency basis [1].Income from operations was US$91.6 million, representing an operating margin of 19%.Net loss attributable to Weibo's shareholders was US$4.7 million and diluted net loss per share was US$0.02.Non-GAAP income from operations was US$100.4 million, representing a non-GAAP operating margin of 21%.Non-GAAP net income attributable to Weibo's shareholders was US$66.4 million and non-GAAP diluted net income per share was US$0.25.Monthly active users ("MAUs") were 567 million in December 2025.Average daily active users ("DAUs") were 252 million in December 2025.[1] We define constant currency (non-GAAP) by assuming that the average exchange rate in the fourth quarter of 2025 had been the same as it was in the fourth quarter of 2024, or RMB7.17=US$1.00.Fiscal Year 2025 HighlightsNet revenues were US$1.76 billion, flat year-over-year and flat year-over-year on a constant currency basis [2].Advertising and marketing revenues were US$1.50 billion, flat year-over-year and flat year-over-year on a constant currency basis [2].Value-added services ("VAS") revenues were US$255.6 million, flat year-over-year and flat year-over-year on a constant currency basis [2].Income from operations was US$464.8 million, representing an operating margin of 26%.Net income attributable to Weibo's shareholders was US$449.0 million and diluted net income per share was US$1.70.Non-GAAP income from operations was US$523.6 million, representing a non-GAAP operating margin of 30%.Non-GAAP net income attributable to Weibo's shareholders was US$439.8 million and non-GAAP diluted net income per share was US$1.65.[2] We define constant currency (non-GAAP) by assuming that the average exchange rate of 2025 had been the same as it was in 2024, or RMB7.18=US$1.00.Fourth Quarter 2025 Financial ResultsFor the fourth quarter of 2025, Weibo's total net revenues were US$473.3million, an increase of 4% compared to US$456.8 million for the same period last year.Advertising and marketing revenues for the fourth quarter of 2025 were US$403.8 million, an increase of 5% compared to US$385.9 million for the same period last year. The increase was primarily driven by robust growth of advertising revenues from the ecommerce and local service sectors. Advertising and marketing revenues excluding advertising revenues from Alibaba were US$353.8 million, an increase of 2% compared to US$345.5 million for the same period last year.VAS revenues for the fourth quarter of 2025 were US$69.5 million, a decrease of 2% year-over-year compared to US$71.0 million for the same period last year.Costs and expenses for the fourth quarter of 2025 totaled US$381.7 million, an increase of 13% compared to US$338.9 million for the same period last year. The increase was mainly resulted from increased ad production cost and marketing expense. Income from operations for the fourth quarter of 2025 was US$91.6 million, compared to US$117.9 million for the same period last year. Operating margin was 19%, compared to 26% last year. Non-GAAP income from operations was US$100.4 million, compared to US$136.2 million for the same period last year. Non-GAAP operating margin was 21%, compared to 30% last year.Non-operating loss for the fourth quarter of 2025 was US$57.6 million, compared to non-operating loss of US$85.1 million for the same period last year. Non-operating loss for the fourth quarter of 2025 mainly included (i) net interest and other loss of US$28.4 million; and (ii) loss from fair value change of investments of US$28.1 million, which was excluded under non-GAAP measures.Income tax expenses for the fourth quarter of 2025 were US$31.3 million, compared to US$20.0 million for the same period last year. The increase of tax expense was primarily due to increased withholding tax accrued related to all of the Company's wholly-foreign owned enterprises' ("WFOE") earnings, to be remitted to Weibo Hong Kong Limited in the foreseeable future to fund its demand for U.S. dollars in business operations and potential investments, etc.Net loss attributable to Weibo's shareholders for the fourth quarter of 2025 was US$4.7 million, compared to net income of US$8.9 million for the same period last year. Diluted net loss per share attributable to Weibo's shareholders for the fourth quarter of 2025 was US$0.02, compared to diluted net income per share attributable to Weibo's shareholders of US$0.04 for the same period last year. Non-GAAP net income attributable to Weibo's shareholders for the fourth quarter of 2025 was US$66.4 million, compared to US$106.6 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo's shareholders for the fourth quarter of 2025 was US$0.25, compared to US$0.40 for the same period last year.As of December 31, 2025, Weibo's cash, cash equivalents and short-term investments totaled US$2.4 billion. For the fourth quarter of 2025, cash provided by operating activities was US$181.4 million, capital expenditures totaled US$10.4 million, and depreciation and amortization expenses amounted to US$15.3 million.Fiscal Year 2025 Financial ResultsFor fiscal year 2025, Weibo's total net revenues were US$1.76 billion, relatively flat compared to US$1.75 billion in 2024.Advertising and marketing revenues for 2025 were US$1.50 billion, relatively flat compared to US$1.50 billion in 2024. Advertising and marketing revenues excluding advertising revenues from Alibaba were US$1.33 billion, a decrease of 4% compared to US$1.38 billion for 2024.VAS revenues for 2025 were US$255.6 million, relatively flat compared to US$256.0 million for 2024.Costs and expenses for 2025 totaled US$1.29 billion, an increase of 3% compared to US$1.26 billion for 2024.Income from operations for 2025 was US$464.8 million, compared to US$494.3 million for 2024. Operating margin for 2025 was 26%, compared to 28% last year. Non-GAAP income from operations was US$523.6 million, compared to US$584.1 million for 2024. Non-GAAP operating margin was 30%, compared to 33% last year.Non-operating income for 2025 was US$140.8 million, compared to non-operating loss of US$73.7 million for 2024. Non-operating income in 2025 mainly included (i) net interest and other income of US$125.0 million, compared to US$0.9 million last year, with the increase mainly due to the equity pick up gain of US$76.7 million in 2025, compared to equity pick up loss of US$12.2 million in 2024; (ii) gain from fair value change of investments of US$21.3 million, which was excluded under non-GAAP measures; and (iii) investment related impairment of US$6.0 million, which was excluded under non-GAAP measures.Income tax expenses for 2025 were US$144.5 million, compared to US$110.6 million for 2024. The increase was primarily due to i) increased withholding tax accrued related to all of the Company's WFOEs' earnings, to be remitted to Weibo Hong Kong Limited in the foreseeable future to fund its demand for U.S. dollars in business operations and potential investments, etc.; and ii) the recognition of deferred tax liability related to equity pick up gains in 2025.Net income attributable to Weibo's shareholders for 2025 was US$449.0 million, compared to US$300.8 million for 2024. Diluted net income per share attributable to Weibo's shareholders for 2025 was US$1.70, compared to US$1.16 for 2024. Non-GAAP net income attributable to Weibo's shareholders for 2025 was US$439.8 million, compared to US$478.6 million for 2024. Non-GAAP diluted net income per share attributable to Weibo's shareholders for 2025 was US$1.65, compared to US$1.82 for 2024.For fiscal year 2025, cash provided by operating activities was US$519.5 million, compared to US$639.9 million for 2024. Capital expenditures totaled US$42.4 million, and depreciation and amortization expenses amounted to US$59.1 million.Annual Cash DividendThe Company announced that its board of directors (the "Board") approved an annual cash dividend for the year ended December 31, 2025 of US$0.61 per ordinary share, or US$0.61 per ADS, to holders of ordinary shares and holders of ADSs, respectively, as of the close of business on April 17, 2026 Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. The aggregate amount of cash dividends to be paid will be approximately US$150 million. For holders of Class A ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on April 17, 2026 (Beijing/Hong Kong Time). The payment date is expected to be on or around May 15, 2026 for holders of ordinary shares and on or around May 22, 2026 for holders of ADSs.Conference CallWeibo's management team will host a conference call from 7:00 AM to 8:00 AM Eastern Time on March 18, 2026 (or 7:00 PM to 8:00 PM Beijing Time on March 18, 2026) to present an overview of the Company's financial performance and business operations.Participants who wish to dial in to the teleconference must register through the below public participant link. Dial in and instruction will be in the confirmation email upon registering.Participants Registration Link: https://register-conf.media-server.com/register/BI9a9688ac375946edb8d4042347b0d850Additionally, a live and archived webcast of this conference call will be available at http://ir.weibo.com.Non-GAAP Financial MeasuresThis release contains the following non-GAAP financial measures: non-GAAP income from operations, non-GAAP net income attributable to Weibo's shareholders, non-GAAP diluted net income per share attributable to Weibo's shareholders and adjusted EBITDA. These non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company's financial performance prepared in accordance with U.S. GAAP.The Company's non-GAAP financial measures exclude stock-based compensation, amortization of intangible assets resulting from business acquisitions, net results of impairment and provision on investments, gain/loss on sale of investments and fair value change of investments, non-GAAP to GAAP reconciling items on the share of equity method investments, non-GAAP to GAAP reconciling items for the income/loss attributable to non-controlling interests, income tax expense related to the amortization of intangible assets resulting from business acquisitions and fair value change of investments (other non-GAAP to GAAP reconciling items have no tax effect), and amortization of issuance cost of convertible senior notes, unsecured senior notes and long-term loans. Adjusted EBITDA represents non-GAAP net income attributable to Weibo's shareholders before interest income/expense, net, income tax expenses/benefits, and depreciation expenses.The Company's management uses these non-GAAP financial measures in their financial and operating decision-making, because management believes these measures reflect the Company's ongoing operating performance in a manner that allows more meaningful period-to-period comparisons. The Company believes that these non-GAAP financial measures provide useful information to investors and others in the following ways: (i) in comparing the Company's current financial results with the Company's past financial results in a consistent manner, and (ii) in understanding and evaluating the Company's current operating performance and future prospects in the same manner as management does. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gains/losses and other items (i) that are not expected to result in future cash payments or (ii) that are non-recurring in nature or may not be indicative of the Company's core operating results and business outlook.Use of non-GAAP financial measures has limitations. The Company's non-GAAP financial measures do not include all income and expense items that affect the Company's operations. They may not be comparable to non-GAAP financial measures used by other companies. Accordingly, care should be exercised in understanding how the Company defines its non-GAAP financial measures. Reconciliations of the Company's non-GAAP financial measures to the nearest comparable GAAP measures are set forth in the section below titled "Unaudited Reconciliation of Non-GAAP to GAAP Results."About WeiboWeibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. Weibo generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. We are continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.Safe Harbor StatementThis press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology, such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "confidence," "estimates" and similar statements. Among other things, Weibo's expected financial performance and strategic and operational plans, as described, without limitation, in quotations from management in this press release, contain forward-looking statements. Weibo may also make written or oral forward-looking statements in the Company's periodic reports to the U.S. Securities and Exchange Commission ("SEC"), in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, Weibo's limited operating history in certain new businesses; failure to sustain or grow active user base and the level of user engagement; the uncertain regulatory landscape in China; fluctuations in the Company's quarterly operating results; the Company's reliance on advertising and marketing sales for a majority of its revenues; failure to successfully develop, introduce, drive adoption of or monetize new features and products; failure to compete effectively for advertising and marketing spending; failure to successfully integrate acquired businesses; risks associated with the Company's investments, including equity pick-up and impairment; failure to compete successfully against new entrants and established industry competitors; changes in the macro-economic environment, including the depreciation of the Renminbi; and adverse changes in economic and political policies of the PRC government and its impact on the Chinese economy. Further information regarding these and other risks is included in Weibo's annual reports on Form 20-F and other filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is current as of the date hereof, and Weibo assumes no obligation to update such information, except as required under applicable law.Contact:
Investor Relations
Weibo Corporation
Phone: +86 10 5898-3336
Email: ir@staff.weibo.com WEIBO CORPORATIONUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands of U.S. dollars, except per share data)
Three months ended
Twelve months ended
December 31,
December 31,
December 31,
December 31,
2024
2025
2024
2025
Net revenues:
Advertising and marketing$ 385,850
$ 403,799
$ 1,498,693
$ 1,501,630
Value-added services70,977
69,459
255,984
255,586
Net revenues456,827
473,258
1,754,677
1,757,216
Costs and expenses:
Cost of revenues (1)100,529
123,396
369,521
421,837
Sales and marketing (1)139,863
153,478
480,791
490,434
Product development (1)75,921
92,224
308,747
324,222
General and administrative (1)22,634
12,557
101,294
55,898
Total costs and expenses338,947
381,655
1,260,353
1,292,391
Income from operations117,880
91,603
494,324
464,825
Non-operating income (loss):
Investment related income (loss), net(86,737)
(29,186)
(74,557)
15,792
Interest and other income (loss), net1,618
(28,402)
888
124,979
(85,119)
(57,588)
(73,669)
140,771
Income before income tax expenses32,761
34,015
420,655
605,596
Less: Income tax expenses20,034
31,283
110,550
144,521
Net income12,727
2,732
310,105
461,075
Less: Net income attributable to non-controlling interests992
1,335
2,556
2,968
Accretion to redeemable non-controlling interests2,870
6,119
6,748
9,087
Net income (loss) attributable to Weibo's shareholders$ 8,865
$ (4,722)
$ 300,801
$ 449,020
Basic net income (loss) per share attributable to Weibo's shareholders$ 0.04
$ (0.02)
$ 1.27
$ 1.88
Diluted net income (loss) per share attributable to Weibo's shareholders$ 0.04
$ (0.02)
$ 1.16
$ 1.70
Shares used in computing basic net income (loss) per share attributable
to Weibo's shareholders237,970
239,281
237,324
238,787
Shares used in computing diluted net income (loss) per share attributable
to Weibo's shareholders239,983
239,281
265,241
268,560
(1) Stock-based compensation in each category:
Cost of revenues$ 1,115
$ 429
$ 5,954
$ 3,502
Sales and marketing2,553
768
13,041
7,901
Product development6,079
1,868
33,403
18,537
General and administrative3,650
1,512
17,316
12,127
WEIBO CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands of U.S. dollars)
As of
December 31,
December 31,
2024
2025
Assets
Current assets:
Cash and cash equivalents$ 1,890,632
$ 2,298,941
Short-term investments459,852
106,139
Accounts receivable, net339,754
400,209
Prepaid expenses and other current assets348,774
330,356
Amount due from SINA(1)452,769
441,143
Current assets subtotal3,491,781
3,576,788
Property and equipment, net215,034
282,442
Goodwill and intangible assets, net272,004
265,573
Long-term investments1,389,199
1,663,346
Other non-current assets1,136,481
1,303,037
Total assets$ 6,504,499
$ 7,091,186
Liabilities, Redeemable Non-controlling Interests and Shareholders' Equity
Liabilities:
Current liabilities:
Accounts payable$ 158,435
$ 248,977
Accrued expenses and other current liabilities652,369
648,492
Income tax payable84,690
80,049
Deferred revenues72,642
78,315
Current liabilities subtotal968,136
1,055,833
Long-term liabilities:
Convertible senior notes320,803
323,944
Unsecured senior notes744,662
745,630
Long-term loans795,311
793,976
Other long-term liabilities96,701
164,240
Total liabilities2,925,613
3,083,623
Redeemable non-controlling interests45,103
32,828
Shareholders' equity :
Weibo shareholders' equity 3,482,771
3,920,729
Non-controlling interests51,012
54,006
Total shareholders' equity 3,533,783
3,974,735
Total liabilities, redeemable non-controlling interests and
shareholders' equity$ 6,504,499
$ 7,091,186
(1) Included short-term loans to and interest receivable from SINA of US$417.7 million as of December 31,
2024 and US$401.9 million as of December 31, 2025.
WEIBO CORPORATIONUNAUDITED RECONCILIATION OF NON-GAAP TO GAAP RESULTS(In thousands of U.S. dollars, except per share data)
Three months ended
Twelve months ended
December 31,
December 31,
December 31,
December 31,
2024
2025
2024
2025
Income from operations
$117,880
$91,603
$494,324
$464,825
Add:Stock-based compensation
13,397
4,577
69,714
42,067
Amortization of intangible assets resulting from business acquisitions
4,874
4,247
20,056
16,727
Non-GAAP income from operations
$136,151
$100,427
$584,094
$523,619
Net income (loss) attributable to Weibo's shareholders
$8,865
$(4,722)
$300,801
$449,020
Add:Stock-based compensation
13,397
4,577
69,714
42,067
Amortization of intangible assets resulting from business
acquisitions
4,874
4,247
20,056
16,727
Investment related gain/loss, net (1)
86,737
29,186
74,557
(15,792)
Non-GAAP to GAAP reconciling items on the share of equity
method investments
(5,598)
44,959
13,323
(71,866)
Non-GAAP to GAAP reconciling items for the income/loss
attributable to non-controlling interests
(346)
(511)
(1,718)
(2,086)
Tax effects on non-GAAP adjustments (2)
(3,284)
(13,278)
(6,581)
14,004
Amortization of issuance cost of convertible senior notes, unsecured
senior notes and long-term loans
1,943
1,943
8,485
7,772
Non-GAAP net income attributable to Weibo's shareholders
$106,588
$66,401
$478,637
$439,846
Non-GAAP diluted net income per share attributable to Weibo's
shareholders
$0.40*$0.25*$1.82*$1.65*
Shares used in computing GAAP diluted net income (loss) per share attributable
to Weibo's shareholders
239,983
239,281
265,241
268,560
Add:The number of shares for dilution resulted from convertible senior notes (3)
26,411
29,492
-
-
The number of shares for dilution resulted from stock options and
unvested restricted share units (3)
-
1,191
-
-
Shares used in computing non-GAAP diluted net income per share
attributable to Weibo's shareholders
266,394
269,964
265,241
268,560
Adjusted EBITDA:
Net income (loss) attributable to Weibo's shareholders
$8,865
$(4,722)
$300,801
$449,020
Non-GAAP adjustments
97,723
71,123
177,836
(9,174)
Non-GAAP net income attributable to Weibo's shareholders
106,588
66,401
478,637
439,846
Interest income, net
(1,514)
(12,942)
(26,423)
(42,158)
Income tax expenses
23,318
44,561
117,131
130,517
Depreciation expenses
9,248
10,763
36,819
41,254
Adjusted EBITDA
$137,640
$108,783
$606,164
$569,459
Net revenues
$456,827
$473,258
$1,754,677
$1,757,216
Non-GAAP operating margin
30 %
21 %
33 %
30 %
(1)To adjust impairment and provision on investments, gain/loss on sale of investments and fair value change of investments.
(2)To adjust the income tax effects of non-GAAP adjustments, which primarily related to amortization of intangible assets resulting from business acquisitions and fair value
change of investments. Other non-GAAP adjustment items have no tax effect, because (i) they were recorded in entities established in tax free jurisdictions, or (ii) full
valuation allowances were provided for related deferred tax assets as it is more-likely-than-not they will not be realized.
(3)To adjust the number of shares for dilution resulted from convertible debt, stock options and unvested restricted share units which were anti-dilutive under GAAP measures.
* Net income attributable to Weibo's shareholders is adjusted for interest expense of convertible senior notes for calculating diluted EPS.
WEIBO CORPORATIONUNAUDITED ADDITIONAL INFORMATION(In thousands of U.S. dollars)
Three months ended
Twelve months ended
December 31,
December 31,
December 31,
December 31,
2024
2025
2024
2025
Net revenues
Advertising and marketing
Non-Ali advertisers
$ 345,528
$ 353,803
$ 1,381,908
$ 1,327,796
Alibaba
40,322
49,996
116,785
173,834
Subtotal
385,850
403,799
1,498,693
1,501,630
Value-added services
70,977
69,459
255,984
255,586
$ 456,827
$ 473,258
$ 1,754,677
$ 1,757,216
View original content:https://www.prnewswire.com/news-releases/weibo-announces-fourth-quarter-and-fiscal-year-2025-unaudited-financial-results-and-annual-dividend-302717194.htmlSOURCE Weibo Corporation
Original: Weibo Announces Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results and Annual Dividend