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Weibo Files its Annual Report on Form 20-F

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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.
Weibo, una piattaforma leader di social media in Cina, ha presentato il suo rapporto annuale sul Form 20-F per l'anno fiscale conclusosi il 31 dicembre 2023. Il rapporto è stato inviato alla U.S. Securities and Exchange Commission il 25 aprile 2024. Azionisti e detentori di ADS possono consultare il rapporto sul sito web delle relazioni con gli investitori di Weibo. Inoltre, la società fornirà gratuitamente una copia cartacea del rapporto, comprensiva di bilanci certificati, su richiesta.
Weibo, una plataforma líder de redes sociales en China, ha presentado su informe anual en el Formulario 20-F para el año fiscal que terminó el 31 de diciembre de 2023. El informe fue entregado a la Comisión de Bolsa y Valores de EE. UU. el 25 de abril de 2024. Los accionistas y titulares de ADS pueden acceder al informe en el sitio web de relaciones con inversores de Weibo. La compañía también proporcionará una copia impresa del informe, incluidos los estados financieros auditados, sin costo alguno a pedido.
중국 최고의 소셜 미디어 플랫폼인 Weibo는 2023년 12월 31일에 종료된 회계 연도에 대한 연차 보고서(Form 20-F)를 제출했습니다. 보고서는 2024년 4월 25일에 미국 증권 거래 위원회에 제출되었습니다. 주주 및 ADS 소유자는 Weibo의 투자자 관계 웹사이트에서 보고서를 열람할 수 있습니다. 회사는 요청 시 무료로 감사 된 재무 제표를 포함한 보고서의 하드 카피를 제공할 것입니다.
Weibo, une plateforme de médias sociaux leader en Chine, a déposé son rapport annuel sur le formulaire 20-F pour l'exercice clôturé le 31 décembre 2023. Le rapport a été soumis à la Commission des opérations de bourse des États-Unis le 25 avril 2024. Les actionnaires et les détenteurs d'ADS peuvent consulter le rapport sur le site web des relations investisseurs de Weibo. L'entreprise fournira également un exemplaire papier du rapport, y compris les états financiers audités, gratuitement sur demande.
Weibo, eine führende Social-Media-Plattform in China, hat seinen Jahresbericht auf Form 20-F für das am 31. Dezember 2023 beendete Geschäftsjahr eingereicht. Der Bericht wurde am 25. April 2024 bei der U.S. Securities and Exchange Commission eingereicht. Aktionäre und Inhaber von ADS können den Bericht auf der Investor-Relations-Website von Weibo einsehen. Das Unternehmen wird auch auf Anfrage kostenlos eine gedruckte Kopie des Berichts, einschließlich geprüfter Finanzberichte, zur Verfügung stellen.
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Assessing Weibo Corporation’s filing of the annual report on Form 20-F, one notes it encompasses critical audited financial data and disclosures for the year ending December 31, 2023. The report serves as a barometer for the company's financial health and strategic direction. By dissecting the reported revenue streams, profit margins and expense structures, investors can discern trends that may influence Weibo's market valuation.

One key factor to evaluate is the effectiveness of Weibo’s monetization strategies amid the evolving digital advertising landscape. Advertising revenues often constitute a significant portion of social media platforms’ top lines, thus shifts in ad spending patterns have material implications for future earnings potential. Additionally, investors should scrutinize user engagement metrics, which are pivotal for social platforms, as they drive the network effect and consequently, advertising value.

The competitive positioning of Weibo within China's social media ecosystem is essential to understand for stakeholders. Comparisons with key rivals offer insight into Weibo’s market share dynamics. With China's regulatory environment around internet companies being particularly stringent, the annual report provides subtle cues about Weibo’s regulatory compliance and any associated risks. Notably, shifts in regulatory policies can affect the platform's operational freedoms and thereby, its ability to grow or maintain its user base and revenue streams.

Long-term investors might be interested in Weibo's capital allocation decisions such as investments in technology and content, which are important for user retention and platform differentiation. These strategic initiatives are vital signs of the company's commitment to innovation and adaptation in a fast-paced digital market.

BEIJING, April 25, 2024 /PRNewswire/ -- Weibo Corporation (the "Weibo" or "Company") (Nasdaq: WB and HKEX: 9898), a leading social media platform in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission on April 25, 2024. The annual report can be accessed on Weibo's investor relations website at http://ir.weibo.com. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations, Weibo Corporation, No.8 SINA Plaza, Courtyard 10, XiBeiWang, Haidian District, Beijing 100193, China.

About Weibo

Weibo is a leading social media for people to create, discover and distribute content. 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. The Company 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. Designed with a "mobile first" philosophy, Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. To support the mobile format, we have developed and 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.

Contacts

Investors Relations
Weibo Corporation
Tel: +86-10-5898-3336
Email: ir@staff.weibo.com

 

Cision View original content:https://www.prnewswire.com/news-releases/weibo-files-its-annual-report-on-form-20-f-302127391.html

SOURCE Weibo Corporation

FAQ

When did Weibo file its annual report on Form 20-F?

Weibo filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 on April 25, 2024.

Where can shareholders access Weibo's annual report?

Shareholders can access Weibo's annual report on the investor relations website at http://ir.weibo.com.

How can shareholders request a hard copy of Weibo's annual report?

Shareholders can request a hard copy of Weibo's annual report, including audited financial statements, free of charge by contacting Investor Relations at Weibo , No.8 SINA Plaza, Courtyard 10, XiBeiWang, Haidian District, Beijing 100193, China.

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