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Weibo Corporation - WB STOCK NEWS

Welcome to our dedicated page for Weibo Corporation news (Ticker: WB), a resource for investors and traders seeking the latest updates and insights on Weibo Corporation stock.

Weibo Corporation (symbol: WB) is a leading social media platform in China, primarily engaged in advertising and marketing services. Founded to enable people to create, discover, and share content, Weibo combines public self-expression with a robust platform for social interaction, content aggregation, and distribution. The company offers a range of advertising customization and marketing solutions, generating substantial revenue from these services. Weibo's main product is its social platform, which allows users to post multimedia and long-form content, creating viral conversations.

Weibo has expanded its services to include membership services on social platforms, online games, live broadcasts, and social e-commerce. The company's focus on a mobile-first philosophy ensures that content is displayed in an easy-to-navigate information feed format, enhancing user experience. Weibo's advanced social interest graph recommendation engine enables targeted advertising based on demographics, social relationships, interests, and behaviors, making marketing efforts more effective and engaging.

Recent achievements for Weibo include the successful offering of convertible senior notes amounting to US$300 million due 2030, intended to refinance part of its outstanding senior notes due 2024. The company has also announced a special cash dividend of US$200 million to its shareholders for 2024, showcasing its commitment to driving shareholder value.

Financially, Weibo reported total net revenues of US$463.7 million for the fourth quarter of 2023, a 3% increase year-over-year. The company also demonstrated solid growth in its advertising and marketing revenues, which were US$403.7 million for the same period. Despite challenges, Weibo has maintained a strong cash position with $3.3 billion in cash, cash equivalents, and short-term investments as of March 31, 2024.

Weibo's efforts in enhancing its product competitiveness and user engagement continue to pay off, as it aims for long-term profitability and growth. The company's strategic initiatives and recent financial maneuvers highlight its robust approach to navigating the dynamic social media landscape.

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Weibo (NASDAQ: WB, HKEX: 9898) announced its unaudited financial results for Q1 2024, ending March 31, 2024. Net revenues totaled $395.5 million, a 4% year-over-year decline. Advertising and marketing revenues reached $339 million, down 5% year-over-year. Value-added services generated $56.5 million, a 3% decrease. Operating income was $99.7 million, with a 25% margin. Net income attributable to shareholders was $49.4 million, with a diluted EPS of $0.19. Non-GAAP net income was $106.6 million, with a diluted EPS of $0.41. Monthly active users hit 588 million, and daily active users reached 255 million. Cash holdings stood at $3.3 billion.

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Weibo (NASDAQ: WB, HKEX: 9898) announced the results of its 2024 Annual General Meeting held on May 22, 2024. Three key resolutions were adopted: Charles Chao, Pochin Christopher Lu, and Gaofei Wang were re-elected as directors to continue their tenure until retirement as per the company's memorandum and articles of association.

Weibo, a leading Chinese social media platform, allows users to create, share, and discover content. It generates most of its revenue through advertising and marketing services, leveraging a refined social interest graph recommendation engine for targeted marketing. The company's services cater to businesses of all sizes, promoting brand visibility and engagement through social display ads and promoted marketing offerings.

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Weibo will report its unaudited financial results for the first quarter of 2024 on May 23, 2024. The management team will host a conference call to discuss the Company's financial performance and business operations. Details for registration and webcast are provided in the press release.

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Weibo , a leading social media platform in China, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The report was submitted to the U.S. Securities and Exchange Commission on April 25, 2024. Shareholders and ADS holders can access the report on Weibo's investor relations website. The Company will also provide a hard copy of the report, including audited financial statements, free of charge upon request.
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Weibo has released its 2023 Environmental, Social and Governance Report, highlighting its commitment to sustainable development. The report covers key ESG areas such as cybersecurity, human capital, content quality, social responsibility, and green operations. Weibo's achievements include optimizing corporate governance, fostering content ecosystems, supporting human capital development, engaging in social endeavors, and promoting green development.
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Weibo , China's leading social media platform, will hold its annual general meeting on May 22, 2024, to consider proposed resolutions. Shareholders and ADS holders are encouraged to vote in favor of the resolutions. Holders of ordinary shares and ADSs as of April 23, 2024, are eligible to attend and vote at the meeting. Voting instructions for ADS holders must be given to JPMorgan Chase Bank, N.A.
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Weibo Corporation reports financial results for Q4 and fiscal year 2023, showcasing growth in revenues, user base, and profitability. The company announces a special cash dividend and completion of a convertible senior notes offering. Non-GAAP financial measures are highlighted for better understanding.
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Weibo Corporation (WB) will release its unaudited financial results for Q4 and fiscal year 2023 on March 14, 2024. A conference call will follow to discuss the financial performance and business operations.
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Weibo Corporation (WB) announced the pricing of a previously announced offering of 6,233,785 American Depositary Shares (ADSs) and a Notes Offering of convertible senior notes in an aggregate principal amount of US$300 million due 2030. The company will lend the ADSs to an affiliate of the underwriter in the ADS Offering, and the Borrowed ADSs will be offered at US$10.19 per ADS. The Notes Offering includes an option to purchase up to an additional US$30 million in principal amount of the Notes within a 30-day period.
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Weibo Corporation (WB) announced the pricing of its convertible senior notes offering of US$300 million due 2030, with the option to purchase an additional US$30 million. The net proceeds will be used to refinance a portion of its outstanding 3.5% senior notes due 2024. The initial conversion rate of the Notes is 72.6929 ADSs per US$1,000 principal amount, representing a conversion premium of approximately 35.0% above the sale price of the Borrowed ADSs. The Notes will mature on December 1, 2030, unless earlier redeemed, repurchased, or converted.
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FAQ

What is Weibo Corporation?

Weibo Corporation is a leading social media platform in China, offering advertising and marketing services to enable people to create, discover, and share content online.

What are Weibo's recent financial results?

For the fourth quarter of 2023, Weibo reported total net revenues of US$463.7 million, a 3% increase from the same period last year.

What products and services does Weibo offer?

Weibo offers advertising customization, marketing solutions, social platform membership services, online games, live broadcasts, and social e-commerce.

What recent developments has Weibo announced?

Weibo recently announced a US$300 million convertible senior notes offering due 2030 and a special cash dividend of US$200 million for 2024.

How does Weibo support targeted advertising?

Weibo uses a social interest graph recommendation engine to enable targeted advertising based on user demographics, social relationships, interests, and behaviors.

What is Weibo's main product?

Weibo's main product is its social media platform, which allows users to create and post multimedia and long-form content.

How has Weibo's advertising revenue performed recently?

In the fourth quarter of 2023, Weibo's advertising and marketing revenues were US$403.7 million, a 3% increase from the same period last year.

What is Weibo's financial position?

As of March 31, 2024, Weibo had US$3.3 billion in cash, cash equivalents, and short-term investments.

What strategic initiatives is Weibo focusing on?

Weibo is enhancing product competitiveness, improving user engagement, and driving long-term profitability and shareholder value.

What is Weibo's approach to mobile content?

Weibo follows a mobile-first philosophy, displaying content in a simple information feed format and offering native advertisements that conform to this format.

Weibo Corporation

Nasdaq:WB

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1.96B
155.49M
6.14%
40.35%
6.97%
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