Weibo Stock Price, News & Analysis

Weibo Corporation (WB), China's leading social media platform, filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the U.S. Securities and Exchange Commission on April 22, 2021. The report includes audited consolidated financial statements and is available on Weibo's investor relations website. Shareholders and ADS holders can request a hard copy of the report at no charge.

Weibo Corporation (NASDAQ: WB) announced its Q4 and fiscal year 2020 results, reporting net revenues of $513.4 million for Q4, a 10% year-over-year increase. Advertising revenue saw a 12% increase, reaching $453.5 million. However, total fiscal year revenues decreased by 4% to $1.69 billion. Net income for Q4 was $29 million, translating to a diluted EPS of $0.13, while for the year, net income dropped to $313.4 million. Notably, Weibo forecasts a 25-30% revenue increase for Q1 2021. The company appointed Wei Wang as COO and Fei Cao as CFO.

Weibo Corporation (NASDAQ: WB) will announce its unaudited financial results for Q4 and the fiscal year 2020 on March 18, 2021, before market opening. Following the results, the management will conduct a conference call from 7 AM to 8 AM ET to discuss the company’s performance and operations. Participants must register in advance to receive dial-in details. The call will also be accessible via a live webcast on Weibo's corporate website.

Weibo Corporation (NASDAQ: WB) reported its Q3 2020 financial results with net revenues of $465.7 million, a slight decrease of 4% year-over-year on a constant currency basis. Advertising revenues increased by 1% to $416.7 million, while value-added service revenues fell by 11% to $49.1 million. The company reported net income of $33.8 million or $0.15 per diluted share, down from $146.2 million or $0.64 per share last year. Looking ahead, Weibo forecasts a 1% to 3% increase in Q4 revenues, aided by a recent acquisition.

Weibo Corporation (NASDAQ: WB) will announce its third quarter 2020 financial results on December 28, 2020, before the market opens. The management team will hold a conference call from 6 AM – 7 AM Eastern Time to discuss the financial performance. Interested participants must pre-register for the call using the provided link. A telephone replay will be available from 10 PM China Standard Time on December 28 until 8:59 PM China Standard Time on January 5, 2021. Weibo continues to focus on social media engagement and advertising solutions.

Weibo Corporation (NASDAQ: WB) reported its second quarter financial results for 2020, showing a 10% decline in net revenues at $387.4 million year-over-year. Advertising revenues decreased by 8% to $340.6 million, while value-added service revenues saw a sharper 23% drop to $46.8 million. Despite these declines, net income rose to $198.4 million with a diluted EPS of $0.86. The company forecasts a 5% to 7% revenue decline for Q3 2020, while reporting 523 million MAUs, signaling growth in user engagement.

Weibo Corporation (NASDAQ: WB) will announce its unaudited financial results for Q2 2020 on September 28, 2020, before market opening. A conference call is scheduled for the same day from 7 AM to 8 AM ET to discuss the results and business operations. Interested participants must register in advance to obtain access details. A replay of the call will be available from September 28 to October 6, 2020. Weibo continues to focus on its advertising and marketing services, leveraging a mobile-first strategy to enhance user engagement and revenue generation.

On August 13, 2020, Weibo Corporation (NASDAQ: WB) held its 2020 annual general meeting, where shareholders adopted all proposed resolutions. Weibo is a prominent social media platform in China, focusing on user-generated content, social interaction, and effective marketing solutions. The company's revenue primarily comes from advertising services, including social display ads and promoted offerings, leveraging a mobile-first design and advanced targeting capabilities.

Weibo Corporation (Nasdaq: WB) announced a public offering of US$750 million in 3.375% notes due 2030, expecting net proceeds of approximately US$740 million for general corporate purposes. The offering is managed by Goldman Sachs (Asia) and China International Capital Corporation. The notes will be registered under the U.S. Securities Act and listed on the Singapore Exchange. Weibo operates a leading social media platform in China, generating most of its revenue from advertising and marketing services.