Weibo Financials

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

Financial Health Signals

Financial Profile 75/100

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

Profitability

100

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 100/100, reflecting efficient cost management and pricing power. This is up from 26.9% the prior year.

Growth

Weibo's revenue declined 0.3% year-over-year, from $1.8B to $1.8B. This contraction results in a growth score of 28/100.

Leverage

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 88/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

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 100/100.

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

Weibo's ROE of 8.6% shows moderate profitability relative to equity, earning a score of 35/100. This is down from 10.1% the prior year.

Altman Z-Score Grey Zone

1.98

Weibo scores 1.98, 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.

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).

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Key Financial Metrics

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.

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.

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 & 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.

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

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.

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	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.8B-0.3%	$1.8B-4.2%	$1.8B-18.6%	$2.3B+33.6%	$1.7B-4.4%	$1.8B
Cost of Revenue	$369.5M-1.3%	$374.3M-6.6%	$400.6M-0.8%	$403.8M+33.6%	$302.2M-8.1%	$328.8M
Gross Profit	$1.4B0.0%	$1.4B-3.5%	$1.4B-22.5%	$1.9B+33.5%	$1.4B-3.5%	$1.4B
R&D Expenses	$308.7M-7.5%	$333.6M-19.6%	$415.2M-3.6%	$430.7M+32.9%	$324.1M+13.9%	$284.4M
SG&A Expenses	$101.3M-13.8%	$117.6M+122.7%	$52.8M-60.4%	$133.5M+31.9%	$101.2M+11.6%	$90.7M
Operating Income	$494.3M+4.5%	$472.9M-1.6%	$480.5M-31.1%	$697.4M+37.6%	$506.8M-15.2%	$597.6M
Interest Expense	$105.4M-12.2%	$120.1M+67.7%	$71.6M+0.8%	$71.0M+23.6%	$57.4M+92.1%	$29.9M
Income Tax	$110.5M-23.9%	$145.3M+379.9%	$30.3M-78.2%	$138.8M+126.4%	$61.3M-44.0%	$109.6M
Net Income	$300.8M-12.2%	$342.6M+300.4%	$85.6M-80.0%	$428.3M+36.7%	$313.4M-36.7%	$494.7M
EPS (Diluted)	$1.16-18.9%	$1.43+297.2%	$0.36-80.6%	$1.86+34.8%	$1.38-36.7%	$2.18

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	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$6.5B-10.7%	$7.3B+2.1%	$7.1B-5.2%	$7.5B+18.7%	$6.3B+31.9%	$4.8B
Current Assets	$3.5B-22.6%	$4.5B-0.9%	$4.6B-5.2%	$4.8B-0.7%	$4.8B+33.0%	$3.6B
Cash & Equivalents	$1.9B-26.9%	$2.6B-3.9%	$2.7B+11.0%	$2.4B+33.5%	$1.8B+24.9%	$1.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$339.8M-22.9%	$440.8M-12.3%	$502.4M-30.5%	$723.1M+47.0%	$492.0M	N/A
Goodwill	$162.2M-2.5%	$166.4M+38.5%	$120.2M-7.9%	$130.4M+111.3%	$61.7M+112.9%	$29.0M
Total Liabilities	$2.9B-22.2%	$3.8B+0.6%	$3.7B-2.4%	$3.8B+11.1%	$3.4B+36.7%	$2.5B
Current Liabilities	$968.1M-46.1%	$1.8B+47.3%	$1.2B-43.5%	$2.2B+125.3%	$958.4M+19.7%	$800.9M
Long-Term Debt	$2.2B	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.5B+2.5%	$3.4B+2.1%	$3.3B-7.3%	$3.6B+27.8%	$2.8B+23.2%	$2.3B
Retained Earnings	$2.3B+4.9%	$2.2B+7.0%	$2.0B+4.4%	$2.0B+28.0%	$1.5B+25.7%	$1.2B

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	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$639.9M-4.9%	$672.8M+19.3%	$564.1M-30.7%	$814.0M+9.8%	$741.6M+17.4%	$631.7M
Capital Expenditures	$61.5M+67.2%	$36.8M-14.8%	$43.1M+22.9%	$35.1M+0.8%	$34.8M+60.2%	$21.7M
Free Cash Flow	$578.4M-9.1%	$636.0M+22.1%	$521.0M-33.1%	$778.9M+10.2%	$706.8M+15.9%	$609.9M
Investing Cash Flow	-$246.9M+66.5%	-$736.8M-2131.9%	-$33.0M+92.2%	-$424.0M+65.1%	-$1.2B-1.1%	-$1.2B
Financing Cash Flow	-$1.0B-4846.1%	$21.7M+123.8%	-$91.1M-148.1%	$189.4M-74.5%	$742.0M-6.3%	$791.9M
Dividends Paid	$194.4M-2.9%	$200.1M	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$57.7M	N/A	N/A	N/A

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	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	78.9%+0.2pp	78.7%+0.5pp	78.2%-3.9pp	82.1%0.0pp	82.1%+0.7pp	81.4%
Operating Margin	28.2%+1.3pp	26.9%+0.7pp	26.2%-4.7pp	30.9%+0.9pp	30.0%-3.8pp	33.8%
Net Margin	17.1%-2.3pp	19.5%+14.8pp	4.7%-14.3pp	19.0%+0.4pp	18.5%-9.5pp	28.0%
Return on Equity	8.6%-1.4pp	10.1%+7.5pp	2.6%-9.3pp	11.9%+0.8pp	11.1%-10.5pp	21.7%
Return on Assets	4.6%-0.1pp	4.7%+3.5pp	1.2%-4.5pp	5.7%+0.8pp	5.0%-5.3pp	10.3%
Current Ratio	3.61+1.1	2.51-1.2	3.73+1.5	2.22-2.8	5.04+0.5	4.54
Debt-to-Equity	0.63-0.5	1.11-0.0	1.12+0.1	1.07-0.2	1.23+0.1	1.10
FCF Margin	33.0%-3.2pp	36.1%+7.8pp	28.4%-6.1pp	34.5%-7.3pp	41.8%+7.3pp	34.5%

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

What is Weibo's annual revenue?

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.

How fast is Weibo's revenue growing?

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

Is Weibo profitable?

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

What is Weibo's earnings per share (EPS)?

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.

What is Weibo's EBITDA?

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

How much debt does Weibo have?

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

What is Weibo's gross margin?

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.

What is Weibo's operating margin?

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

What is Weibo's net profit margin?

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.

What is Weibo's return on equity (ROE)?

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

What is Weibo's free cash flow?

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.

What is Weibo's operating cash flow?

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

What are Weibo's total assets?

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

What are Weibo's capital expenditures?

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

How much does Weibo spend on research and development?

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

How many shares does Weibo have outstanding?

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

What is Weibo's current ratio?

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

What is Weibo's debt-to-equity ratio?

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.

What is Weibo's return on assets (ROA)?

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.

What is Weibo's Altman Z-Score?

Weibo (WB) has an Altman Z-Score of 1.98, 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.

What is Weibo's Piotroski F-Score?

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.

Are Weibo's earnings high quality?

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.

Can Weibo cover its interest payments?

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.

How financially healthy is Weibo?

Weibo (WB) scores 75 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.