Weibo (NASDAQ: WB) shows higher 6M 2026 profit under IFRS

Rhea-AI Filing Summary

Weibo Corporation (WB) provided a reconciliation of its unaudited 2026 interim results from U.S. GAAP to IFRS, supported by a limited assurance engagement from PricewaterhouseCoopers under ISAE 3000 (Revised). PwC reported that nothing came to its attention to indicate the reconciliation was not prepared in all material respects in line with the stated basis.

The main reconciling items are the fair value treatment of convertible senior notes, lease accounting presentation, fair value measurement of certain equity investments, share-based compensation attribution, and the treatment of redeemable non-controlling interests related to JM Tech. For the six months ended June 30, 2026, net income under U.S. GAAP was US$103,392 thousand, compared with US$159,445 thousand under IFRS, largely reflecting a US$54,160 thousand fair value gain on the convertible senior notes under IFRS. Total assets under IFRS were US$7,267,529 thousand and total shareholders’ equity was US$4,152,244 thousand as of June 30, 2026.

Filing Explained

The filing adds an IFRS view in which convertible notes and JM Tech redemption rights receive different accounting treatment.

As a foreign private issuer’s interim report, the Form 6-K furnishes Weibo’s unaudited results and balance-sheet information published on August 19, 2026. The filing’s structural effect is an additional IFRS presentation of the same interim information, with measurement and classification differing from U.S. GAAP.

Under U.S. GAAP, the convertible senior notes are measured at amortized cost, while IFRS measures them at fair value through profit or loss. IFRS also treats the JM Tech redemption right as a separate financial liability, whereas U.S. GAAP presents the related interest as redeemable non-controlling interests in mezzanine equity. The IFRS treatment therefore changes how the notes, redemption obligation, income effects, goodwill, and equity are presented.

PwC’s work was a limited-assurance engagement: its procedures were less extensive than those for reasonable assurance, and the resulting level of assurance was substantially lower.

Key Figures

Net income 6M 2026 (U.S. GAAP): US$103,392 thousand Net income 6M 2026 (IFRS): US$159,445 thousand Net income attributable to Weibo shareholders 6M 2026 (IFRS): US$158,145 thousand +5 more

8 metrics

Net income 6M 2026 (U.S. GAAP) US$103,392 thousand Net income for the six months ended June 30, 2026 under U.S. GAAP

Net income 6M 2026 (IFRS) US$159,445 thousand Net income for the six months ended June 30, 2026 after IFRS adjustments

Net income attributable to Weibo shareholders 6M 2026 (IFRS) US$158,145 thousand Net income attributable to Weibo’s shareholders under IFRS for six months ended June 30, 2026

Convertible notes fair value gain 6M 2026 US$50,320 thousand Fair value changes of convertible senior notes under IFRS for six months ended June 30, 2026

Total assets June 30, 2026 (IFRS) US$7,267,529 thousand Total assets as of June 30, 2026 after IFRS adjustments

Total shareholders’ equity June 30, 2026 (IFRS) US$4,152,244 thousand Total shareholders’ equity including non-controlling interests under IFRS as of June 30, 2026

Total assets December 31, 2025 (IFRS) US$7,213,946 thousand Total assets as of December 31, 2025 after IFRS adjustments

Total shareholders’ equity December 31, 2025 (IFRS) US$4,023,611 thousand Total shareholders’ equity including non-controlling interests under IFRS as of December 31, 2025

Key Terms

International Financial Reporting Standards, limited assurance engagement, fair value through profit or loss, redeemable non-controlling interests, +2 more

6 terms

International Financial Reporting Standards financial

"between U.S. GAAP and the International Financial Reporting Standards"

International Financial Reporting Standards are a common set of accounting rules used by companies in many countries to prepare and present their financial statements. They matter to investors because they make results easier to compare across borders — like using the same measuring tape — so investors can assess profitability, cash flow and risk more reliably and spot differences that come from business performance rather than differing accounting methods.

limited assurance engagement financial

"conduct limited assurance engagement in accordance with International Standard"

fair value through profit or loss financial

"designated as at fair value through profit or loss such that"

An accounting classification for certain financial assets where their current market price is used to update value on the books, and any increase or decrease is recorded immediately in the company’s profit & loss statement. Like checking the daily score of an investment and noting the gain or loss right away, this approach makes reported earnings reflect market swings more quickly, which can increase short-term volatility in reported profits and help investors see real-time value changes.

redeemable non-controlling interests financial

"classified as redeemable NCI and mezzanine classified on the balance sheet"

Redeemable non-controlling interests are ownership stakes in a company’s unit held by outside investors that can be forced to be bought back by the parent company for cash or a set value. Think of it like a part-owner who has the contractual right to ‘cash out’ their share; for investors this matters because it can create a future cash obligation, change reported equity versus debt, and affect earnings and ownership percentages.

effective interest method financial

"recognized as interest expenses using the effective interest method"

right-of-use assets financial

"amortization of the right-of-use assets and interest expense related"

Right-of-use assets are the rights a company gains to use a physical space or equipment under a lease agreement. They are recorded as assets on the company's balance sheet, reflecting the value of future benefits from the leased item. For investors, these assets provide a clearer picture of a company's obligations and resources related to leasing arrangements, helping to assess its financial health and operational commitments.

Offering Details

shelf/ATM

Offering

Offering Type shelf/ATM

FAQ

How does Weibo (WB) reconcile its 2026 interim net income between U.S. GAAP and IFRS?

For the six months ended June 30, 2026, Weibo reported US$103,392 thousand net income under U.S. GAAP and US$159,445 thousand under IFRS. The difference mainly reflects a US$54,160 thousand fair value gain on convertible senior notes recorded only under IFRS.

What role did PricewaterhouseCoopers play in Weibo’s (WB) GAAP–IFRS reconciliation?

PricewaterhouseCoopers performed a limited assurance engagement under ISAE 3000 on Weibo’s reconciliation statement. They concluded that nothing came to their attention suggesting the U.S. GAAP figures, IFRS adjustments, or IFRS calculations were not properly prepared in all material respects.

How do Weibo’s (WB) total assets differ under U.S. GAAP and IFRS at June 30, 2026?

As of June 30, 2026, Weibo reported total assets of US$7,145,733 thousand under U.S. GAAP and US$7,267,529 thousand under IFRS. The increase mainly reflects US$136,998 thousand fair value adjustments to long-term investments and related measurement differences.

What is the impact of convertible senior notes on Weibo’s (WB) 2026 IFRS profit?

Under IFRS, Weibo designates its convertible senior notes at fair value through profit or loss, generating a US$50,320 thousand fair value gain in 2026. Including related effects, this adds US$54,160 thousand to income before tax versus amortized-cost treatment under U.S. GAAP.

How are redeemable non-controlling interests treated differently under IFRS for Weibo (WB)?

For JM Tech, U.S. GAAP records certain interests as redeemable non-controlling interests in mezzanine equity with accretion. IFRS instead records a separate financial liability for the redemption right and recognizes non-controlling interests as permanent equity, reducing goodwill and adjusting shareholders’ equity.

How do Weibo’s (WB) shareholders’ equity figures compare under GAAP and IFRS at June 30, 2026?

At June 30, 2026, Weibo shareholders’ equity was US$3,991,172 thousand under U.S. GAAP and US$4,083,438 thousand under IFRS. Total shareholders’ equity including non-controlling interests was US$4,047,647 thousand under U.S. GAAP and US$4,152,244 thousand under IFRS.

What are the main accounting policy differences affecting Weibo’s (WB) GAAP–IFRS reconciliation?

Key differences include fair value vs. amortized cost for convertible notes, lease expense presentation, fair value through profit or loss for certain long-term investments, accelerated expense attribution for share-based compensation under IFRS, and liability recognition for JM Tech’s NCI redemption right.

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Available on EDGAR 08/19/2026 - 06:19 AM Accepted by SEC EDGAR 08/19/2026 - 06:19 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number: 001-36397

Weibo Corporation

(Registrant’s Name)

8/F, QIHAO Plaza, No. 8 Xinyuan S. Road

Chaoyang District, Beijing 100027

People’s Republic of China

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x      Form 40-F ¨

EXPLANATORY NOTE

On August 19, 2026, Hong Kong time, we published our unaudited financial results for the second quarter and six months ended June 30, 2026 as our interim report for the six months ended June 30, 2026 (the “HK Interim Report”) under Rule 13.48(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Hong Kong Listing Rules”) on the website of The Stock Exchange of Hong Kong Limited. Pursuant to the Hong Kong Listing Rules, our HK Interim Report contains supplemental disclosure of reconciliation of the material differences between our consolidated financial statements prepared under the U.S. GAAP and International Financial Reporting Standards, which is attached hereto as exhibit 99.1.

EXHIBIT INDEX

Exhibit No.		Description
99.1		Supplemental Disclosure—Reconciliation Between U.S. GAAP and International Financial Reporting Standards

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	WEIBO CORPORATION
Date: August 19, 2026	By:	/s/ Fei Cao
		Fei Cao
		Chief Financial Officer

Exhibit 99.1

Reconciliation between U.S. GAAP and International Financial Reporting Standards

PricewaterhouseCoopers was engaged by the Company to conduct limited assurance engagement in accordance with International Standard on Assurance Engagements 3000 (Revised) “Assurance Engagements Other Than Audits or Reviews of Historical Financial Information” (“ISAE 3000 (Revised)”) on the reconciliation statement of the unaudited financial information of the Company, its subsidiaries, VIEs and VIEs’ subsidiaries (collectively referred to as “the Group”) setting out the differences between the unaudited interim condensed consolidated financial information for the six months ended June 30, 2026 prepared under U.S. GAAP and the International Financial Reporting Standards (“IFRS”) (the “Reconciliation Statement”).

The extent of procedures selected depends on the PricewaterhouseCoopers’s judgment and their assessment of the risk. These procedures included:

(i) comparing the amounts in the columns “Amounts as reported under U.S. GAAP” as set out in the Reconciliation Statement with the corresponding amounts set out in the unaudited interim condensed consolidated financial information of the Group prepared under U.S. GAAP for the six months ended June 30, 2026;

(ii) assessing the appropriateness of the adjustments made in arriving at the “Amounts as reported under IFRS” as set out in the Reconciliation Statement, which included evaluating the differences between the Group’s accounting policies adopted under U.S. GAAP and IFRS for the six months ended June 30, 2026, and examining evidence supporting the adjustments made in arriving at the “Amounts as reported under IFRS”; and

(iii) checking the arithmetic accuracy of the calculation of the amounts in the columns “Amounts as reported under IFRS” as set out in the Reconciliation Statement.

The procedures performed by PricewaterhouseCoopers in this limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement. Consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. For the purposes of this engagement, PricewaterhouseCoopers is not responsible for updating or reissuing any reports or opinions on any historical financial information used in compiling the Reconciliation Statement. PricewaterhouseCoopers’s engagement was intended solely for the use of the Directors in connection with this Reconciliation Statement and may not be suitable for another purpose.

Based on the procedures performed and evidence obtained, PricewaterhouseCoopers have concluded that nothing has come to their attention that causes them to believe that:

(i) the amounts in the column “Amounts as reported under U.S. GAAP” as set out in the Reconciliation Statement are not in agreement with the corresponding amounts in the unaudited interim condensed consolidated financial information of the Group under U.S. GAAP for the six months ended June 30, 2026;

(ii) the Reconciliation Statement is not prepared, in all material respects, in accordance with the basis of preparation; and

(iii) the calculation of the amounts in the columns “Amounts as reported under IFRS” as set out in the Reconciliation Statement are not arithmetically accurate.

The unaudited condensed consolidated financial information are prepared in accordance with U.S. GAAP, which differ in certain respects from IFRS. The effects of material differences between the unaudited condensed consolidated financial information of the Group prepared under U.S. GAAP and IFRS are as follows:

Reconciliation of unaudited condensed consolidated statements of operations (in US$ thousands):

						For the Six Months Ended June 30, 2025 IFRS adjustments
		Amounts as reported under U.S. GAAP				Convertible senior notes (Note (i))				Leases (Note (ii))				Investments measured at fair value (Note (iii))				Share-based compensation (Note (iv))				Redeemable non-controlling interests (Note (v))				Amounts as reported under IFRS
Costs and expenses:
Cost of revenues			192,253				—				(29	)			—				(1,355	)			—				190,869
Sales and marketing			205,557				—				(114	)			—				(3,336	)			—				202,107
Product development			154,089				—				(62	)			—				(7,750	)			—				146,277
General and administrative			33,874				—				(357	)			—				(3,868	)			(877	)			28,772
Total costs and expenses			585,773				—				(562	)			—				(16,309	)			(877	)			568,025
Investment related income (loss), net			5,245				—				—				1,837				—				—				7,082
Interest and other income (loss), net			29,691				3,840				(1,028	)			—				—				(2,295	)			30,208
Fair value changes of convertible senior notes			—				(12,687	)			—				—				—				—				(12,687	)
Income before income tax expenses			290,816				(8,847	)			(466	)			1,837				16,309				(1,418	)			298,231
Less: Income tax expenses			55,996				—				—				(33	)			—				—				55,963
Net income			234,820				(8,847	)			(466	)			1,870				16,309				(1,418	)			242,268
Less: Net income attributable to non-controlling interests			763				—				—				—				—				1,073				1,836
Accretion to redeemable non-controlling interests			1,408				—				—				—				—				(1,408	)			—
Net income attributable to Weibo's shareholders			232,649				(8,847	)			(466	)			1,870				16,309				(1,083	)			240,432

						For the Six Months Ended June 30, 2026 IFRS adjustments
		Amounts as reported under U.S. GAAP				Convertible senior notes (Note (i))				Leases (Note (ii))				Investments measured at fair value (Note (iii))				Share-based compensation (Note (iv))				Redeemable non-controlling interests (Note (v))				Amounts as reported under IFRS
Costs and expenses:
Cost of revenues			247,547				—				(59	)			—				(190	)			—				247,298
Sales and marketing			231,049				—				(48	)			—				(312	)			—				230,689
Product development			148,922				—				(102	)			—				(747	)			—				148,073
General and administrative			17,853				—				(451	)			—				(215	)			(225	)			16,962
Total costs and expenses			645,371				—				(660	)			—				(1,464	)			(225	)			643,022
Investment related income (loss), net			(57,786	)			—				—				(1,805	)			—				—				(59,591	)
Interest and other income (loss), net			(29,972	)			3,840				(889	)			—				—				1,967				(25,054	)
Fair value changes of convertible senior notes			—				50,320				—				—				—				—				50,320
Income before income tax expenses			142,022				54,160				(229	)			(1,805	)			1,464				2,192				197,804
Less: Income tax expenses			38,630				—				—				(271	)			—				—				38,359
Net income			103,392				54,160				(229	)			(1,534	)			1,464				2,192				159,445
Less: Net income attributable to non-controlling interests			815				—				—				—				—				485				1,300
Accretion to redeemable non-controlling interests			485				—				—				—				—				(485	)			—
Net income attributable to Weibo's shareholders			102,092				54,160				(229	)			(1,534	)			1,464				2,192				158,145

Reconciliation of unaudited condensed consolidated balance sheets (in US$ thousands):

						As of December 31, 2025 IFRS adjustments
		Amounts as reported under U.S. GAAP				Convertible senior notes (Note (i))				Leases (Note (ii))				Investments measured at fair value (Note (iii))				Share-based compensation (Note (iv))				Redeemable non-controlling interests (Note (v))				Amounts as reported under IFRS
Goodwill and intangible assets, net			265,573				—				—				—				—				(11,293	)			254,280
Long-term investments			1,663,346				—				—				137,300				—				—				1,800,646
Other non-current assets			1,303,037				—				(3,247	)			—				—				—				1,299,790
Total assets			7,091,186				—				(3,247	)			137,300				—				(11,293	)			7,213,946
Accrued expenses and other current liabilities			648,492				(375	)			—				—				—				—				648,117
Convertible senior notes			323,944				59,100				—				—				—				—				383,044
Financial liability			—				—				—				—				—				35,657				35,657
Other long-term liabilities			164,240				—				—				12,330				—				—				176,570
Total liabilities			3,083,623				58,725				—				12,330				—				35,657				3,190,335
Redeemable non-controlling interest			32,828				—				—				—				—				(32,828	)			—
Weibo shareholders' equity			3,920,729				(58,725	)			(3,247	)			124,970				—				(33,801	)			3,949,926
Non-controlling interests			54,006				—				—				—				—				19,679				73,685
Total shareholders' equity			3,974,735				(58,725	)			(3,247	)			124,970				—				(14,122	)			4,023,611
Total liabilities, redeemable non-controlling interests and shareholders' equity			7,091,186				—				(3,247	)			137,300				—				(11,293	)			7,213,946

						As of June 30, 2026 IFRS adjustments
		Amounts as reported under U.S. GAAP				Convertible senior notes (Note (i))				Leases (Note (ii))				Investments measured at fair value (Note (iii))				Share-based compensation (Note (iv))				Redeemable non-controlling interests (Note (v))				Amounts as reported under IFRS
Goodwill and intangible assets, net			264,019				—				—				—				—				(11,627	)			252,392
Long-term investments			1,602,826				—				—				136,998				—				—				1,739,824
Other non-current assets			1,245,549				—				(3,575	)			—				—				—				1,241,974
Total assets			7,145,733				—				(3,575	)			136,998				—				(11,627	)			7,267,529
Accrued expenses and other current liabilities			629,964				(375	)			—				—				—				—				629,589
Convertible senior notes			325,515				4,940				—				—				—				—				330,455
Financial liability			—				—				—				—				—				18,001				18,001
Other long-term liabilities			166,215				—				—				12,424				—				—				178,639
Total liabilities			3,080,295				4,565				—				12,424				—				18,001				3,115,285
Redeemable non-controlling interest			17,791				—				—				—				—				(17,791	)			—
Weibo shareholders' equity			3,991,172				(4,565	)			(3,575	)			124,574				—				(24,168	)			4,083,438
Non-controlling interests			56,475				—				—				—				—				12,331				68,806
Total shareholders' equity			4,047,647				(4,565	)			(3,575	)			124,574				—				(11,837	)			4,152,244
Total liabilities, redeemable non-controlling interests and shareholders' equity			7,145,733				—				(3,575	)			136,998				—				(11,627	)			7,267,529

Notes:

Basis of Preparation

The Directors of the Company are responsible for preparation of the Reconciliation Statement in accordance with the relevant requirements of the Hong Kong Listing Rules and relevant guidance in HKEX-GL111-22. The Reconciliation Statement was prepared based on the Group’s unaudited interim condensed consolidated financial information for the six months ended June 30, 2026 prepared under U.S. GAAP, with adjustments made (if any) thereto in arriving at the unaudited financial information of the Group prepared under IFRS. The adjustments reflect the differences between the Group’s accounting policies under U.S. GAAP and IFRS.

(i) Convertible senior notes

Under U.S. GAAP, the convertible senior notes were measured at amortized cost, with any difference between the initial carrying value and the repayment amount recognized as interest expenses using the effective interest method over the period from the issuance date to the maturity date. Under IFRS, the Group’s convertible senior notes were designated as at fair value through profit or loss such that the convertible senior notes were initially recognized at fair values. Subsequent to initial recognition, the Group considered that the amounts of changes in fair value of the convertible senior notes which were attributed to changes in own credit risk of the convertible senior notes recognized in other comprehensive income were insignificant. Therefore, the amounts of changes in fair value of the convertible senior notes were recognized in the profit or loss.

(ii) Leases

Under U.S. GAAP, the amortization of the right-of-use assets and interest expense related to the lease liabilities are recorded together as lease cost to produce a straight-line recognition effect in the income statement. Under IFRS, the amortization of the right-of-use asset is on a straight-line basis while the interest expense related to the lease liabilities are the amount that produces a constant periodic rate of interest on the remaining balance of the lease liability. The amortization of the right-of-use assets is recorded as lease expense and the interest expense is required to be presented in separate line items.

(iii) Investments measured at fair value

Under U.S. GAAP, convertible redeemable preferred shares and ordinary shares with preferential rights issued by privately-held companies without readily determinable fair values could elect an accounting policy choice. The Group elects the measurement alternative to record these equity investments without readily determinable fair values at cost, less impairment, and plus or minus subsequent adjustments for observable price changes. Under IFRS, these investments were classified as financial assets at fair value through profit or loss and measured at fair value with changes in fair value recognized through profit or loss. Fair value changes of these long-term investments were recognized in the profit or loss.

(iv) Share-based compensation

Under U.S. GAAP, companies are permitted to make an accounting policy election regarding the attribution method for awards with service-only conditions and graded vesting features. The valuation method that the company uses (single award or multiple tranches of individual awards) is not required to align with the choice in attribution method used (straight-line or accelerated tranche by tranche). Under IFRS, companies are not permitted to choose how the valuation or attribution method is applied to awards with graded-vesting features. Companies should treat each installment of the award as a separate grant. This means that each installment would be separately measured and attributed to expense over the related vesting period, which would accelerate the expense recognition.

(v) Redeemable non-controlling interests

On October 31, 2020, the Group entered into a series of share purchase agreements with then existing shareholders of Shanghai Jiamian Information Technology Co., Ltd. or JM Tech, to acquire the majority of JM Tech’s equity interest. The Group agreed to redeem the non-controlling interests (“NCI”) held by founders and CEO of JM Tech under certain circumstances. Under US GAAP, the Group determined that the NCI with redemption rights should be bundled and classified as redeemable NCI and mezzanine classified on the balance sheet, since they are contingently redeemable upon the occurrence of certain conditional events, which are not solely within the control of the Group. The redeemable NCI is recognized at fair value on the acquisition date taking into account the probability of future redemption as well as estimated redemption amount, and such fair value includes the right of redemption, which is viewed as part of the accounting purchase price when applying acquisition accounting. Subsequently, the Group records accretion on the redeemable NCI as a whole to the redemption value over the period from the date of the acquisition to the date of earliest redemption. The accretion using the effective interest method, is recorded as deemed dividends to NCI holders. Under IFRS, as it is considered that the Group undertakes the obligation to purchase the remaining equity of JM Tech held by the founders and CEO at fair value, the risk and reward of the shares reside with non-controlling interests in the consolidated statements. Therefore, the Company recognized the NCI at fair value as permanent equity on acquisition date, and the fair value of such permanent equity NCI does not consider the redemption right. IFRS requires the fair value of NCI redemption right (present value of the estimated redemption amount) to be recognized as a separate financial liability on the balance sheet because the Group has an obligation to pay cash in the future to purchase the NCI shares. This separate financial liability is not viewed as part of accounting purchase price when applying acquisition accounting, which resulted in lower purchase price and therefore, a lower goodwill being recognized from the acquisition. The initial recognition of this financial liability is a reduction of the parent’s equity. Subsequent changes in the carrying amount of the financial liability are recognized as finance charges in the income statement.

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