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Weibo Financials

WB
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Weibo (WB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 68 / 100
Financial Profile 68/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
85

Weibo has an operating margin of 28.2%, meaning the company retains $28 of operating profit per $100 of revenue. This strong profitability earns a score of 85/100, reflecting efficient cost management and pricing power. This is up from 26.9% the prior year.

Growth
33

Weibo's revenue declined 0.3% year-over-year, from $1.8B to $1.8B. This contraction results in a growth score of 33/100.

Leverage
89

Weibo carries a low D/E ratio of 0.63, meaning only $0.63 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
70

With a current ratio of 3.61, Weibo holds $3.61 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.

Cash Flow
100

Weibo converts 33.0% of revenue into free cash flow ($578.4M). This strong cash generation earns a score of 100/100.

Returns
30

Weibo's ROE of 8.6% shows moderate profitability relative to equity, earning a score of 30/100. This is down from 10.1% the prior year.

Altman Z-Score Grey Zone
1.92

Weibo scores 1.92, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral
6/9

Weibo passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.13x

For every $1 of reported earnings, Weibo generates $2.13 in operating cash flow ($639.9M OCF vs $300.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
4.7x

Weibo earns $4.7 in operating income for every $1 of interest expense ($494.3M vs $105.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.8B
YoY-0.3%
5Y CAGR-0.1%
10Y CAGR+18.0%

Weibo generated $1.8B in revenue in fiscal year 2024. This represents a decrease of 0.3% from the prior year.

EBITDA
$552.5M
YoY+4.0%
5Y CAGR-2.4%
10Y CAGR+88.9%

Weibo's EBITDA was $552.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.0% from the prior year.

Net Income
$300.8M
YoY-12.2%
5Y CAGR-9.5%

Weibo reported $300.8M in net income in fiscal year 2024. This represents a decrease of 12.2% from the prior year.

EPS (Diluted)
$1.16
YoY-18.9%
5Y CAGR-11.9%

Weibo earned $1.16 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 18.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$578.4M
YoY-9.1%
5Y CAGR-1.1%

Weibo generated $578.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 9.1% from the prior year.

Cash & Debt
$1.9B
YoY-26.9%
5Y CAGR+5.4%
10Y CAGR+20.8%

Weibo held $1.9B in cash against $2.2B in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
244M
YoY+0.7%
5Y CAGR+1.5%
10Y CAGR+1.8%

Weibo had 244M shares outstanding in fiscal year 2024. This represents an increase of 0.7% from the prior year.

Margins & Returns

Gross Margin
78.9%
YoY+0.2pp
5Y CAGR-2.4pp
10Y CAGR+4.0pp

Weibo's gross margin was 78.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.

Operating Margin
28.2%
YoY+1.3pp
5Y CAGR-5.6pp
10Y CAGR+34.8pp

Weibo's operating margin was 28.2% in fiscal year 2024, reflecting core business profitability. This is up 1.3 percentage points from the prior year.

Net Margin
17.1%
YoY-2.3pp
5Y CAGR-10.9pp
10Y CAGR+36.7pp

Weibo's net profit margin was 17.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.3 percentage points from the prior year.

Return on Equity
8.6%
YoY-1.4pp
5Y CAGR-13.0pp
10Y CAGR+20.3pp

Weibo's ROE was 8.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the prior year.

Capital Allocation

R&D Spending
$308.7M
YoY-7.5%
5Y CAGR+1.7%
10Y CAGR+9.4%

Weibo invested $308.7M in research and development in fiscal year 2024. This represents a decrease of 7.5% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$61.5M
YoY+67.2%
5Y CAGR+23.1%
10Y CAGR+15.3%

Weibo invested $61.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 67.2% from the prior year.

WB Income Statement

Metric Q4'24 Q4'23 Q3'23 Q4'22 Q4'21 Q3'21 Q2'21 Q4'20
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

WB Balance Sheet

Metric Q4'24 Q4'23 Q3'23 Q4'22 Q4'21 Q3'21 Q2'21 Q4'20
Total Assets $6.5B-10.7% $7.3B+8.5% $6.7B-5.9% $7.1B-5.2% $7.5B+7.5% $7.0B+4.4% $6.7B+5.8% $6.3B
Current Assets $3.5B-22.6% $4.5B+10.7% $4.1B-10.5% $4.6B-5.2% $4.8B-1.0% $4.9B+4.2% $4.7B-3.8% $4.8B
Cash & Equivalents $1.9B-26.9% $2.6B+5.3% $2.5B-8.8% $2.7B+11.0% $2.4B+32.5% $1.8B-8.8% $2.0B+10.5% $1.8B
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $339.8M-22.9% $440.8M+1.5% $434.1M-13.6% $502.4M-30.5% $723.1M+5.8% $683.7M+8.3% $631.2M+28.3% $492.0M
Goodwill $162.2M-2.5% $166.4M+46.5% $113.6M-5.4% $120.2M-7.9% $130.4M+1.4% $128.6M+13.2% $113.6M+84.1% $61.7M
Total Liabilities $2.9B-22.2% $3.8B+9.6% $3.4B-8.2% $3.7B-2.4% $3.8B+4.5% $3.7B+2.0% $3.6B+4.2% $3.4B
Current Liabilities $968.1M-46.1% $1.8B+4.8% $1.7B+40.6% $1.2B-43.5% $2.2B+85.8% $1.2B+6.4% $1.1B+14.0% $958.4M
Long-Term Debt $2.2B N/A N/A N/A N/A N/A N/A N/A
Total Equity $3.5B+2.5% $3.4B+6.0% $3.2B-3.7% $3.3B-7.3% $3.6B+11.4% $3.2B+7.2% $3.0B+7.0% $2.8B
Retained Earnings $2.3B+4.9% $2.2B+4.0% $2.1B+2.9% $2.0B+4.4% $2.0B+6.3% $1.8B+10.9% $1.7B+8.5% $1.5B

WB Cash Flow Statement

Metric Q4'24 Q4'23 Q3'23 Q4'22 Q4'21 Q3'21 Q2'21 Q4'20
Operating Cash Flow N/A $218.2M N/A $159.1M-36.3% $249.7M+10.5% $226.0M N/A $321.2M
Capital Expenditures N/A $7.5M N/A $15.3M+35.0% $11.3M+36.3% $8.3M N/A $8.4M
Free Cash Flow N/A $210.7M N/A $143.9M-39.6% $238.4M+9.5% $217.7M N/A $312.7M
Investing Cash Flow N/A -$356.7M N/A -$247.1M-271.7% $143.9M+135.5% -$405.4M N/A $26.5M
Financing Cash Flow N/A $220.9M N/A -$19.6M-110.4% $188.2M+18951.4% $988K N/A $0
Dividends Paid N/A $1K N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A $0 N/A N/A N/A N/A

WB Financial Ratios

Metric Q4'24 Q4'23 Q3'23 Q4'22 Q4'21 Q3'21 Q2'21 Q4'20
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A N/A N/A N/A
Current Ratio 3.61+1.1 2.51+0.1 2.38-1.4 3.73+1.5 2.22-1.9 4.17-0.1 4.26-0.8 5.04
Debt-to-Equity 0.63-0.5 1.11+0.0 1.07-0.1 1.12+0.1 1.07-0.1 1.14-0.1 1.19-0.0 1.23
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Weibo (WB) reported $1.8B in total revenue for fiscal year 2024. This represents a -0.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Weibo (WB) revenue declined by 0.3% year-over-year, from $1.8B to $1.8B in fiscal year 2024.

Yes, Weibo (WB) reported a net income of $300.8M in fiscal year 2024, with a net profit margin of 17.1%.

Weibo (WB) reported diluted earnings per share of $1.16 for fiscal year 2024. This represents a -18.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Weibo (WB) had EBITDA of $552.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2024, Weibo (WB) had $1.9B in cash and equivalents against $2.2B in long-term debt.

Weibo (WB) had a gross margin of 78.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

Weibo (WB) had an operating margin of 28.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

Weibo (WB) had a net profit margin of 17.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Weibo (WB) has a return on equity of 8.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Weibo (WB) generated $578.4M in free cash flow during fiscal year 2024. This represents a -9.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Weibo (WB) generated $639.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Weibo (WB) had $6.5B in total assets as of fiscal year 2024, including both current and long-term assets.

Weibo (WB) invested $61.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Weibo (WB) invested $308.7M in research and development during fiscal year 2024.

Weibo (WB) had 244M shares outstanding as of fiscal year 2024.

Weibo (WB) had a current ratio of 3.61 as of fiscal year 2024, which is generally considered healthy.

Weibo (WB) had a debt-to-equity ratio of 0.63 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Weibo (WB) had a return on assets of 4.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Weibo (WB) has an Altman Z-Score of 1.92, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Weibo (WB) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Weibo (WB) has an earnings quality ratio of 2.13x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Weibo (WB) has an interest coverage ratio of 4.7x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Weibo (WB) scores 68 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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