Weibo Announces Second Quarter 2026 Unaudited Financial Results

Rhea-AI Summary

Weibo (Nasdaq: WB; HKEX: 9898) reported second quarter 2026 net revenues of US$453.8 million, up 2% year-over-year, driven by 19% growth in value-added services to US$72.9 million, while advertising and marketing revenues slipped 1% to US$381.0 million.

Total costs and expenses rose 12% to US$335.0 million, reducing income from operations to US$118.9 million and the operating margin to 26% from 33%. Net income attributable to shareholders declined to US$67.4 million (diluted EPS US$0.26), with non-GAAP net income at US$102.7 million (non-GAAP diluted EPS US$0.38). Monthly active users reached 561 million and daily active users 254 million in June 2026. Cash, cash equivalents and short-term investments totaled US$2.64 billion as of June 30, 2026.

Positive

• Net revenues grew 2% year-over-year to US$453.8 million
• Value-added services revenues increased 19% year-over-year to US$72.9 million
• Advertising revenues from Alibaba rose 10% year-over-year to US$39.2 million
• Non-GAAP net income attributable to shareholders reached US$102.7 million
• Cash, cash equivalents and short-term investments totaled US$2.64 billion at June 30, 2026
• Platform scale remained large with 561 million MAUs and 254 million DAUs in June 2026

Negative

• Advertising and marketing revenues declined 1% year-over-year to US$381.0 million
• Total costs and expenses increased 12% year-over-year to US$335.0 million
• Income from operations fell to US$118.9 million, with margin down to 26% from 33%
• Net income attributable to shareholders dropped to US$67.4 million from US$125.7 million
• Non-operating result swung to a loss of US$27.8 million from income of US$12.8 million
• Non-GAAP operating margin decreased to 28% from 36% a year earlier

News Explained

At June 30, 2026, the unaudited balance sheet behind the reported quarter-end liquidity showed US$1,639,148 thousand in cash and equivalents and US$997,443 thousand in short-term investments, alongside US$325,515 thousand of convertible notes, US$746,114 thousand of unsecured notes, and US$795,808 thousand of long-term loans.

Market Context

ATHM moved 3.39% higher in the peer set, adding market context to Weibo’s results. The announcement ...

Analysis

ATHM moved 3.39% higher in the peer set, adding market context to Weibo’s results. The announcement combined VAS growth with lower advertising revenue and a 26% operating margin versus 33% last year.

Key Figures

Net Revenue: US$453.8 million; +2% YoY; -4% constant currency Advertising Revenue: US$381.0 million; -1% YoY; -6% constant currency VAS Revenue: US$72.9 million; +19% YoY; +12% constant currency +5 more

8 metrics

Net Revenue US$453.8 million; +2% YoY; -4% constant currency Q2 2026

Advertising Revenue US$381.0 million; -1% YoY; -6% constant currency Q2 2026

VAS Revenue US$72.9 million; +19% YoY; +12% constant currency Q2 2026

Operating Income US$118.9 million; 26% margin Q2 2026

GAAP Net Income US$67.4 million; diluted EPS US$0.26 Q2 2026

Non-GAAP Net Income US$102.7 million; diluted EPS US$0.38 Q2 2026

Monthly Active Users 561 million June 2026

Cash and Short-Term Investments US$2.64 billion As of June 30, 2026

Previous Earnings Reports

5 past events · Latest: May 28 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 28	Q1 2026 earnings	Negative	-3.0%	Mixed operating results and non-operating losses accompanied a -2.97% 24-hour reaction.
Nov 18	Q3 2025 earnings	Negative	-0.1%	Revenue and advertising declines accompanied a -0.1% 24-hour reaction.
Aug 14	Q2 2025 earnings	Positive	+11.3%	Revenue, operating income, and user metrics growth accompanied an 11.28% reaction.
May 21	Q1 2025 earnings	Positive	+4.3%	Profitability and Alibaba advertising growth accompanied a 4.28% 24-hour reaction.
Nov 19	Q3 2024 earnings	Positive	+6.3%	Revenue, VAS, margins, and user metrics growth accompanied a 6.35% reaction.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Historical earnings reactions aligned with the reported earnings tone in four of five tag-specific events, including strong positive reactions to Q2 2025 and Q1 2025 results.

Key Terms

constant currency, non-gaap financial measures, adjusted ebitda, fair value change of investments

4 terms

constant currency financial

"or a decrease of 4% year-over-year on a constant currency basis"

Constant currency is a way of measuring financial results that removes the effects of changes in currency exchange rates. It allows for a clearer comparison of a company's performance over time by showing what the numbers would look like if exchange rates had stayed the same. This helps investors understand whether growth comes from actual business improvements or just currency fluctuations.

non-gaap financial measures financial

"This release contains the following non-GAAP financial measures"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

adjusted ebitda financial

"Adjusted EBITDA represents non-GAAP net income attributable"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

fair value change of investments financial

"loss from fair value change of investments of US$22.8 million"

The fair value change of investments is the gain or loss recorded when the market-based price of an investment is remeasured on a company’s books. It shows how much the value of stocks, bonds, or other assets moved up or down from one reporting date to the next, and matters to investors because it affects reported earnings, net worth and volatility—like updating the sticker price on items in a store to reflect current market demand.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HONG KONG, Aug. 19, 2026 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the second quarter ended June 30, 2026.

"We delivered a solid quarter," said Gaofei Wang, CEO of Weibo. "On the user front, with our continued efforts to improve user quality and drive user retention through information feed revamp, we saw solid engagement among our core users and increased consumption in the information feeds. Video consumption continued to improve, supported by better content distribution within our revamped feed and increased supply of high quality contents. On the monetization front, we focused on bringing Weibo's unique value on content marketing to more advertisers and enhancing advertising performance through AI integration. We saw solid performance of certain pillar industries and good momentum of celebrity marketing. On the AI front, we made solid progress in the integration of AI to enhance our product, content and monetization systems."

Second Quarter 2026 Highlights 

• Net revenues were US$453.8 million, an increase of 2% year-over-year or a decrease of 4% year-over-year on a constant currency basis ^[1].
• Advertising and marketing revenues were US$381.0 million, a decrease of 1% year-over-year or a decrease of 6% year-over-year on a constant currency basis ^[1].
• Value-added services ("VAS") revenues were US$72.9 million, an increase of 19% year-over-year or an increase of 12% year-over-year on a constant currency basis ^[1].
• Income from operations was US$118.9 million, representing an operating margin of 26%.
• Net income attributable to Weibo's shareholders was US$67.4 million and diluted net income per share was US$0.26.
• Non-GAAP income from operations was US$125.4 million, representing a non-GAAP operating margin of 28%.
• Non-GAAP net income attributable to Weibo's shareholders was US$102.7 million and non-GAAP diluted net income per share was US$0.38.
• Monthly active users ("MAUs") were 561 million in June 2026.
• Average daily active users ("DAUs") were 254 million in June 2026.

[1] We define constant currency (non-GAAP) by assuming that the average exchange rate in the second quarter of 2026 was the same as it was in the second quarter of 2025, or RMB7.23=US$1.00.

Second Quarter 2026 Financial Results

For the second quarter of 2026, Weibo's total net revenues were US$453.8 million, an increase of 2% compared to US$444.8 million for the same period last year.

Advertising and marketing revenues for the second quarter of 2026 were US$381.0 million, a decrease of 1% compared to US$383.4 million for the same period last year. Advertising and marketing revenues excluding advertising revenues from Alibaba were US$341.8 million, a decrease of 2% compared to US$347.6 million for the same period last year. The decrease was primarily due to the descending trend of advertising demands from handset and online game sectors year-over-year, and was partially offset by increase of advertising revenues from internet service and automobile sectors as well as favorable foreign exchange impact on the reported numbers from the overall appreciation of RMB against the U.S. dollar ("foreign exchange impact") on a year-over-year basis. Advertising and marketing revenues from Alibaba were US$39.2 million, an increase of 10% compared to US$35.7 million for the same period last year. The increase was primarily attributable to the favorable foreign exchange impact on the reported numbers on a year-over-year basis and a modest increase in advertising demands from Alibaba mainly due to its AI application promotion.

VAS revenues for the second quarter of 2026 were US$72.9 million, an increase of 19% compared to US$61.4 million for the same period last year, primarily attributable to additional revenues of one-off ticket proceeds from off-line activities held by Weibo, and solid growth from membership service as well as favorable foreign exchange impact on the reported numbers on a year-over-year basis.

Costs and expenses for the second quarter of 2026 totaled US$335.0 million, an increase of 12% compared to US$299.2 million for the same period last year, mainly due to the increases in ad production costs and marketing expenses.

Income from operations for the second quarter of 2026 was US$118.9 million, compared to US$145.6 million for the same period last year. Operating margin was 26%, compared to 33% last year. Non-GAAP income from operations was US$125.4 million, compared to US$161.8 million for the same period last year. Non-GAAP operating margin was 28%, compared to 36% last year.

Non-operating loss for the second quarter of 2026 was US$27.8 million, compared to non-operating income of US$12.8 million for the same period last year. Non-operating loss for the second quarter of 2026 mainly included (i) loss from fair value change of investments of US$22.8 million, which was excluded under non-GAAP measures; and (ii) net interest and other loss of US$5.1 million.

Income tax expenses for the second quarter of 2026 were US$23.0 million, compared to US$31.7 million for the same period last year. The decrease in tax expenses was mainly due to lower income before tax in the second quarter of 2026 compared to the same period last year.

Net income attributable to Weibo's shareholders for the second quarter of 2026 was US$67.4 million, compared to US$125.7 million for the same period last year. Diluted net income per share attributable to Weibo's shareholders for the second quarter of 2026 was US$0.26, compared to US$0.48 for the same period last year. Non-GAAP net income attributable to Weibo's shareholders for the second quarter of 2026 was US$102.7 million, compared to US$143.2 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo's shareholders for the second quarter of 2026 was US$0.38, compared to US$0.54 for the same period last year.

As of June 30, 2026, Weibo's cash, cash equivalents and short-term investments totaled US$2.64 billion. For the second quarter of 2026, cash provided by operating activities was US$50.5 million, capital expenditures totaled US$3.1 million, and depreciation and amortization expenses amounted to US$15.7 million.

Conference Call

Weibo's management team will host a conference call from 7:00 AM to 8:00 AM Eastern Time on August 19, 2026 (or 7:00 PM to 8:00 PM Hong Kong Time on August 19, 2026) to present an overview of the Company's financial performance and business operations.

Participants who wish to dial in to the teleconference must register through the below public participant link. Dial-in and instructions will be provided in the confirmation email upon registering.

Participants Registration Link:
https://register-conf.media-server.com/register/BI4542e6edec00491e9198327b87da5adb

Additionally, a live and archived webcast of this conference call will be available at http://ir.weibo.com. 

Non-GAAP Financial Measures

This release contains the following non-GAAP financial measures: non-GAAP income from operations, non-GAAP net income attributable to Weibo's shareholders, non-GAAP diluted net income per share attributable to Weibo's shareholders and adjusted EBITDA. These non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company's financial performance prepared in accordance with U.S. GAAP.

The Company's non-GAAP financial measures exclude stock-based compensation, amortization of intangible assets resulting from business acquisitions, net results of impairment and provision on investments, gain/loss on sale of investments and fair value change of investments, non-GAAP to GAAP reconciling items on the share of equity method investments, non-GAAP to GAAP reconciling items for the income/loss attributable to non-controlling interests, income tax effects related to the amortization of intangible assets resulting from business acquisitions and fair value change of investments (other non-GAAP to GAAP reconciling items have no tax effect), and amortization of issuance cost of convertible senior notes, unsecured senior notes and long-term loans. Adjusted EBITDA represents non-GAAP net income attributable to Weibo's shareholders before interest income/expense, net, income tax expenses/benefits, and depreciation expenses.

The Company's management uses these non-GAAP financial measures in their financial and operating decision-making, because management believes these measures reflect the Company's ongoing operating performance in a manner that allows more meaningful period-to-period comparisons. The Company believes that these non-GAAP financial measures provide useful information to investors and others in the following ways: (i) in comparing the Company's current financial results with the Company's past financial results in a consistent manner, and (ii) in understanding and evaluating the Company's current operating performance and future prospects in the same manner as management does. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gains/losses and other items (i) that are not expected to result in future cash payments or (ii) that are non-recurring in nature or may not be indicative of the Company's core operating results and business outlook.

Use of non-GAAP financial measures has limitations. The Company's non-GAAP financial measures do not include all income and expense items that affect the Company's operations. They may not be comparable to non-GAAP financial measures used by other companies. Accordingly, care should be exercised in understanding how the Company defines its non-GAAP financial measures. Reconciliations of the Company's non-GAAP financial measures to the nearest comparable GAAP measures are set forth in the section below titled "Unaudited Reconciliation of Non-GAAP to GAAP Results."

About Weibo

Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.

Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. Weibo generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Weibo displays content in a simple information feed format and offers native advertisement that conforms to the information feed on our platform. We are continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology, such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "confidence," "estimates" and similar statements. Among other things, Weibo's expected financial performance and strategic and operational plans, as described, without limitation, in quotations from management in this press release, contain forward-looking statements. Weibo may also make written or oral forward-looking statements in the Company's periodic reports to the U.S. Securities and Exchange Commission ("SEC"), in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, Weibo's limited operating history in certain new businesses; failure to sustain or grow active user base and the level of user engagement; the uncertain regulatory landscape in China; fluctuations in the Company's quarterly operating results; the Company's reliance on advertising and marketing sales for a majority of its revenues; failure to successfully develop, introduce, drive adoption of or monetize new features and products; failure to compete effectively for advertising and marketing spending; failure to successfully integrate acquired businesses; risks associated with the Company's investments, including equity pick-up and impairment; failure to compete successfully against new entrants and established industry competitors; changes in the macro-economic environment, including the depreciation of the Renminbi; and adverse changes in economic and political policies of the PRC government and its impact on the Chinese economy. Further information regarding these and other risks is included in Weibo's annual reports on Form 20-F and other filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is current as of the date hereof, and Weibo assumes no obligation to update such information, except as required under applicable law.

Contact:
Investor Relations
Weibo Corporation
Email: ir@staff.weibo.com 

WEIBO CORPORATION
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of U.S. dollars and in thousands for shares, except per share data)
		Three months ended				Six months ended
		June 30,		June 30,		June 30,		June 30,
		2025		2026		2025		2026
Net revenues:
Advertising and marketing		$      383,352		$      380,974		$   722,458		$   750,729
Value-added services		61,446		72,852		119,195		124,422
	Net revenues	444,798		453,826		841,653		875,151
Costs and expenses:
Cost of revenues (1)		103,451		129,804		192,253		247,547
Sales and marketing (1)		109,747		118,752		205,557		231,049
Product development (1)		78,068		75,425		154,089		148,922
General and administrative (1)		7,962		10,986		33,874		17,853
	Total costs and expenses	299,228		334,967		585,773		645,371
Income from operations		145,570		118,859		255,880		229,780
Non-operating income (loss):
Investment related income (loss), net		(3,112)		(22,755)		5,245		(57,786)
Interest and other income (loss), net		15,945		(5,088)		29,691		(29,972)
		12,833		(27,843)		34,936		(87,758)
Income before income tax expenses		158,403		91,016		290,816		142,022
Less: Income tax expenses		31,705		22,958		55,996		38,630
Net income		126,698		68,058		234,820		103,392
Less: Net income attributable to non-controlling interests		429		391		763		815
Accretion to redeemable non-controlling interests		584		290		1,408		485
Net income attributable to Weibo's shareholders		$      125,685		$         67,377		$   232,649		$   102,092
Basic net income per share attributable to Weibo's shareholders		$             0.53		$             0.28		$          0.98		$          0.43
Diluted net income per share attributable to Weibo's shareholders		$             0.48		$             0.26		$          0.88		$          0.39
Shares used in computing basic net income per share attributable
to Weibo's shareholders		238,632		239,462		238,459		239,414
Shares used in computing diluted net income per share attributable
to Weibo's shareholders		268,346		271,550		267,429		270,841
(1) Stock-based compensation in each category:
	Cost of revenues	$               980		$                184		$         2,219		$            630
	Sales and marketing	2,234		351		5,163		1,138
	Product development	5,340		792		12,180		2,712
	General and administrative	3,465		784		7,504		2,167

 

 

WEIBO CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands of U.S. dollars)
				As of
				December 31,		June 30,
				2025		2026
Assets
	Current assets:
			Cash and cash equivalents	$     2,298,941		$     1,639,148
			Restricted cash	-		2,413
			Short-term investments	106,139		997,443
			Accounts receivable, net	400,209		337,565
			Prepaid expenses and other current assets	330,356		338,480
			Amount due from SINA(1)	441,143		440,269
			Current assets subtotal	3,576,788		3,755,318
	Property and equipment, net			282,442		278,021
	Goodwill and intangible assets, net			265,573		264,019
	Long-term investments			1,663,346		1,602,826
	Other non-current assets			1,303,037		1,245,549
	Total assets			$     7,091,186		$     7,145,733
Liabilities, Redeemable Non-controlling Interests and Shareholders' Equity
	Liabilities:
		Current liabilities:
			Accounts payable	$        248,977		$        257,954
			Accrued expenses and other current liabilities	648,492		629,964
			Income taxes payable	80,049		58,565
			Deferred revenues	78,315		100,160
			Current liabilities subtotal	1,055,833		1,046,643
		Long-term liabilities:
			Convertible senior notes	323,944		325,515
			Unsecured senior notes	745,630		746,114
			Long-term loans	793,976		795,808
			Other long-term liabilities	164,240		166,215
			Total liabilities	3,083,623		3,080,295
	Redeemable non-controlling interests			32,828		17,791
	Shareholders' equity :
		Weibo shareholders' equity		3,920,729		3,991,172
		Non-controlling interests		54,006		56,475
			Total shareholders' equity	3,974,735		4,047,647
	Total liabilities, redeemable non-controlling interests and     shareholders' equity			$     7,091,186		$     7,145,733
	(1) Included short-term loans to and interest receivable from SINA of US$401.9 million as of December 31, 2025 and US$397.0 million as of June 30, 2026.

 

 

WEIBO CORPORATION
UNAUDITED RECONCILIATION OF NON-GAAP TO GAAP RESULTS
(In thousands of U.S. dollars and in thousands for shares, except per share data)
			Three months ended						Six months ended
			June 30,			June 30,			June 30,			June 30,
			2025			2026			2025			2026
Income from operations			$	145,570		$	118,859		$	255,880		$	229,780
Add:	Stock-based compensation			12,019			2,111			27,066			6,647
	Amortization of intangible assets resulting from business acquisitions			4,161			4,410			8,283			8,755
Non-GAAP income from operations			$	161,750		$	125,380		$	291,229		$	245,182
Net income attributable to Weibo's shareholders			$	125,685		$	67,377		$	232,649		$	102,092
Add:	Stock-based compensation			12,019			2,111			27,066			6,647
	Amortization of intangible assets resulting from business acquisitions			4,161			4,410			8,283			8,755
	Investment related gain/loss, net (1)			3,112			22,755			(5,245)			57,786
	Non-GAAP to GAAP reconciling items on the share of equity method investments			(2,642)			6,489			(1,603)			24,265
	Non-GAAP to GAAP reconciling items for the income/loss attributable to non-controlling interests			(578)			(530)			(1,070)			(1,054)
	Tax effects on non-GAAP adjustments (2)			(485)			(1,893)			(1,219)			(7,787)
	Amortization of  issuance cost of convertible senior notes, unsecured senior notes and long-term loans			1,943			1,943			3,886			3,886
Non-GAAP net income attributable to Weibo's shareholders			$	143,215		$	102,662		$	262,747		$	194,590
Non-GAAP diluted net income per share attributable to Weibo's shareholders			$	0.54	*	$	0.38	*	$	0.99	*	$	0.73	*
Shares used in computing GAAP diluted net income per share attributable to Weibo's shareholders				268,346			271,550			267,429			270,841
Shares used in computing non-GAAP diluted net income per share attributable to Weibo's shareholders				268,346			271,550			267,429			270,841
Adjusted EBITDA:
	Net income attributable to Weibo's shareholders		$	125,685		$	67,377		$	232,649		$	102,092
	Non-GAAP adjustments			17,530			35,285			30,098			92,498
	Non-GAAP net income attributable to Weibo's shareholders			143,215			102,662			262,747			194,590
		Interest income, net		(10,098)			(5,396)			(24,084)			(3,002)
		Income tax expenses		32,190			24,851			57,215			46,417
		Depreciation expenses		10,363			11,049			19,512			21,914
	Adjusted EBITDA		$	175,670		$	133,166		$	315,390		$	259,919
Net revenues			$	444,798		$	453,826		$	841,653		$	875,151
Non-GAAP operating margin				36 %			28 %			35 %			28 %
(1)	To adjust impairment and provision on investments, gain/loss on sale of investments and fair value change of investments.
(2)	To adjust the income tax effects of non-GAAP adjustments, which primarily related to amortization of intangible assets resulting from business acquisitions and fair value change of investments. Other non-GAAP adjustment items have no tax effect, because (i) they were recorded in entities established in tax free jurisdictions, or (ii) full valuation allowances were provided for related deferred tax assets as it is more-likely-than-not they will not be realized.
*	Net income attributable to Weibo's shareholders is adjusted for interest expense of convertible senior notes for calculating diluted EPS.

 

 

WEIBO CORPORATION
UNAUDITED ADDITIONAL INFORMATION
(In thousands of U.S. dollars)
			Three months ended				Six months ended
			June 30,		June 30,		June 30,		June 30,
			2025		2026		2025		2026
Net revenues
	Advertising and marketing
	Non-Ali advertisers		$      347,610		$      341,815		$      644,104		$      668,318
	Alibaba		35,742		39,159		78,354		82,411
	Subtotal		383,352		380,974		722,458		750,729
	Value-added services		61,446		72,852		119,195		124,422
			$      444,798		$      453,826		$      841,653		$      875,151

 

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SOURCE Weibo Corporation

FAQ

How did Weibo (NASDAQ: WB) perform financially in Q2 2026?

Weibo reported Q2 2026 net revenues of US$453.8 million, up 2% year-over-year. According to Weibo, income from operations was US$118.9 million, net income attributable to shareholders was US$67.4 million, and non-GAAP net income reached US$102.7 million, reflecting higher costs and non-operating losses.

What happened to Weibo (WB) advertising revenues in the second quarter of 2026?

Weibo’s Q2 2026 advertising and marketing revenues were US$381.0 million, a 1% year-over-year decline. According to Weibo, weakness in handset and online game sectors offset growth from internet service and automobile advertisers, while advertising revenues from Alibaba rose 10% to US$39.2 million.

How fast did Weibo’s value-added services grow in Q2 2026?

Weibo’s value-added services revenues grew 19% year-over-year to US$72.9 million in Q2 2026. According to Weibo, this increase was mainly driven by one-off ticket proceeds from offline activities, continued growth of membership services, and favorable foreign exchange effects on reported figures.

What were Weibo’s user metrics (MAUs and DAUs) in June 2026?

Weibo reported 561 million monthly active users and 254 million daily active users in June 2026. According to Weibo, user engagement benefited from ongoing information feed revamps, improved video consumption and efforts to enhance user quality and retention among core users on the platform.

How did Weibo’s profitability and margins change in Q2 2026?

Weibo’s Q2 2026 income from operations was US$118.9 million, down from US$145.6 million a year earlier. According to Weibo, operating margin fell to 26% from 33%, and non-GAAP operating margin declined to 28% from 36%, as costs and expenses increased 12% year-over-year.

What is Weibo’s cash and debt position as of June 30, 2026?

Weibo held US$2.64 billion in cash, cash equivalents and short-term investments as of June 30, 2026. According to Weibo, total liabilities were US$3.08 billion, including convertible senior notes, unsecured senior notes and long-term loans, while operating cash flow for Q2 2026 was US$50.5 million.

Did Weibo provide any non-GAAP earnings metrics for Q2 2026?

Yes. Weibo reported Q2 2026 non-GAAP income from operations of US$125.4 million and non-GAAP net income of US$102.7 million. According to Weibo, these measures exclude stock-based compensation, investment-related fair value changes and other specified items to reflect ongoing operating performance and aid comparability.