Weibo Stock Price, News & Analysis

Weibo Corporation (NASDAQ: WB) will announce its unaudited financial results for Q1 2022 on May 30, 2022, before U.S. market opening. Following the release, a conference call will take place from 7 AM to 8 AM ET to discuss the financial performance and operations. Interested parties must pre-register to participate. Weibo offers innovative advertising solutions, generating most of its revenue from marketing services. The company emphasizes the importance of forward-looking statements, highlighting risks such as user engagement, market competition, and regulatory changes in China.

Weibo Corporation (Nasdaq: WB) announced its annual general meeting (AGM) scheduled for June 6, 2022, in Beijing. Shareholders holding ordinary shares by May 6, 2022, can attend and vote on proposed resolutions. The Company supports these resolutions and recommends shareholder approval. Weibo also filed its annual report for fiscal year 2021 with the SEC, available on its website. The Company primarily generates revenue through advertising and marketing services, enhancing user engagement through a mobile-first approach.

Weibo Corporation (Nasdaq: WB) has announced a buyback program, authorizing the repurchase of up to US$500 million of its American depositary shares over the next 12 months, ending March 31, 2023. The buyback will be executed through various means depending on market conditions, funded by the company's existing cash balance. This move aims to enhance shareholder value and reflects the company's confidence in its financial performance.

Weibo Corporation (Nasdaq: WB, HKEX: 9898), a leading Chinese social media platform, announced on March 23, 2022, its provisional identification as a Commission-Identified Issuer by the SEC under the Holding Foreign Companies Accountable Act (HFCAA). This identification follows the filing of its 2021 annual report on Form 20-F. The HFCAA could lead to Weibo's shares being barred from trading on U.S. exchanges if the company fails to meet audit report inspection requirements for three consecutive years. Weibo continues to assess strategic options amid evolving market conditions.

Weibo Corporation (Nasdaq: WB) filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. SEC on March 10, 2022. Shareholders and ADS holders can request a hard copy of the report with audited financial statements at no cost. Weibo remains a prominent social media platform in China, offering extensive advertising and marketing solutions. The company emphasizes its 'mobile first' approach, providing native advertisements that blend seamlessly into users' feeds for enhanced engagement and effectiveness.

Weibo Corporation (NASDAQ: WB) reported solid financial results for Q4 and FY 2021, with total revenues of $616.3 million for Q4, up 20% year-over-year, and $2.26 billion for the full year, a 34% increase. Advertising revenues in Q4 were $550.8 million, marking a 21% increase. The company achieved a net income of $115.7 million in Q4 and $428.3 million for the year. Monthly active users reached 573 million in December 2021, with a substantial growth in mobile engagement. Weibo expects to enhance its product offerings and drive customer value in 2022.

Weibo Corporation (NASDAQ: WB) is set to announce its fourth quarter and fiscal year 2021 financial results on March 3, 2022, before the U.S. market opens. Following this, a conference call will occur from 6 AM to 7 AM ET to discuss financial performance and business operations. Interested parties should register in advance to obtain dial-in information. Weibo primarily generates revenue through advertising and marketing services, emphasizing a mobile-first approach.

Weibo Corporation has priced its global offering of 11,000,000 Class A ordinary shares at HK$272.80 each, equating to approximately US$35.01 per ADS. The offering includes 5,500,000 new shares and 5,500,000 shares sold by a selling shareholder. Expected gross proceeds to Weibo are around HK$1,500.4 million, aimed at enhancing user engagement, content ecosystem, and capital for strategic investments. Trading on the Hong Kong Stock Exchange is anticipated to commence on December 8, 2021. An over-allotment option allows the sale of an additional 1,650,000 shares until January 1, 2022.

Weibo Corporation (Nasdaq: WB) held its 2021 annual general meeting where shareholders approved several resolutions. These include the re-election of directors Ms. Hong Du, Mr. Daniel Yong Zhang, and Mr. Pehong Chen, who will serve until their retirement. Additionally, the company adopted a dual foreign name in Chinese and amended its memorandum and articles of association. Weibo continues to lead in social media, offering advertising solutions and engaging content for its users.