Weibo Corp SEC Filings

Weibo Corporation reported higher revenue but sharply lower earnings for the first quarter of 2026. Total net revenues were $421.3 million, up 6% from $396.9 million a year earlier, driven by 9% growth in advertising and marketing revenue to $369.8 million. Advertising from non-Ali advertisers rose 10% to $326.5 million, while value-added services revenue fell 11% to $51.6 million, mainly from weaker game-related business.

Income from operations was broadly stable at $110.9 million, with operating margin slipping to 26% from 28% as costs and expenses increased 8% to $310.4 million. However, a swing to non-operating loss of $59.9 million, including a $35.0 million loss from fair value changes in investments and equity pick-up losses within net interest and other loss, reduced income before tax to $51.0 million.

Net income attributable to shareholders dropped to $34.7 million from $107.0 million, with diluted EPS at $0.14 versus $0.41 a year earlier. On a non-GAAP basis, net income attributable to shareholders was $91.9 million, down from $119.5 million, and non-GAAP operating margin declined to 28% from 33%. Adjusted EBITDA was $126.8 million compared with $139.7 million in the prior year period.

Weibo Corporation filed a Form 6-K to report the results of its 2026 annual general meeting of shareholders. The company stated that shareholders approved three ordinary resolutions to re-elect Mr. Charles Guowei Chao, Mr. Gaofei Wang and Mr. Pochin Christopher Lu as directors in accordance with its memorandum and articles of association.

The filing also reiterates Weibo’s core business as a leading social media platform in China that generates most of its revenue from advertising and marketing services, including social display ads and promoted marketing offerings.

Weibo Corp director Pehong Chen reported routine equity award activity. He exercised vested restricted shares representing 6,250 ADS, converting them into Class A ordinary shares at an exercise price of $0.00 per share.

After the transaction, Chen holds 31,250 ADS directly and 141,376 ADS indirectly through the Chen Family Trust, which was established for the benefit of Chen and his family. The filing shows no open-market purchases or sales, only the vesting and conversion of previously granted restricted shares.

Weibo Corporation furnished a Form 6-K to provide investors with a reconciliation of its consolidated financial statements prepared under U.S. GAAP to International Financial Reporting Standards (IFRS), as required by its Hong Kong Stock Exchange listing.

The filing shows how different accounting treatments for convertible senior notes, leases, investments measured at fair value, share-based compensation and redeemable non-controlling interests affect reported results. For the year ended December 31, 2025, net income attributable to Weibo's shareholders was 449,020 thousand under U.S. GAAP and 536,151 thousand under IFRS. As of December 31, 2025, total assets were 7,091,186 thousand under U.S. GAAP versus 7,213,946 thousand under IFRS.

Weibo Corporation reports its annual results and details its China-based structure, regulatory risks and cash flows. Total revenues were $1,757.2M in 2025, with net income of $461.1M. Variable interest entities in mainland China contributed about 86% of revenues over 2023–2025, while investors hold shares in a Cayman holding company, not the PRC operating entities.

Weibo had 567 million MAUs and 252 million DAUs in December 2025, and emphasizes competition for user attention and advertising budgets. The company highlights extensive PRC risks, including VIE enforceability, data security, anti‑monopoly enforcement and potential U.S. trading bans under the HFCAA. It also discloses sizeable intra‑group loans and service-fee flows between the WFOE and VIEs, strong cash balances of $2.30B at year-end 2025, and a cash dividend policy, paying $0.82 per share for 2025 and approving $0.61 per share for 2026.

Weibo Corporation has scheduled its annual general meeting of shareholders for May 27, 2026 at 2:30 p.m. (Hong Kong time) at Two International Finance Centre in Hong Kong. Shareholders will vote on three ordinary resolutions to re-elect Charles Guowei Chao, Gaofei Wang and Pochin Christopher Lu as directors, each to continue in office under the company’s memorandum and articles of association.

Holders of Class A and Class B ordinary shares of record as of the close of business on April 27, 2026 (Hong Kong time) may attend and vote in person or by proxy. Holders of American Depositary Shares of record as of the close of business on April 27, 2026 (New York time) may instruct JPMorgan Chase Bank, N.A., the ADS depositary, how to vote the underlying Class A shares. The board fully supports the proposed resolutions and recommends that shareholders and ADS holders vote in favor.

WEIBO Corp director Du Hong filed an initial ownership report showing a mix of direct and indirect equity interests. Du Hong indirectly holds 827,986 ADS through Seawave Ventures Investments Limited and directly holds 104,725 ADS and 7,015 Class A ordinary shares. The filing also lists multiple restricted share awards, each convertible into Class A ordinary shares at an exercise price of 0.0000, with vesting dates ranging from August 16, 2026 through August 16, 2029. Each ADS represents one Class A ordinary share.

WEIBO Corp senior vice president Cao Zenghui has filed an initial Form 3 reporting his equity holdings in the company. The filing lists multiple stock option awards over Class A ordinary shares, including rights to buy 12,500 shares at 21.1500 per share expiring on 2029-03-17, and several additional tranches at exercise prices of 32.6800, 3.8700 and 2.9300 with expirations through 2032-11-01. He also reports direct ownership of 101,705 American depositary shares, and a footnote states that each American depositary share represents one Class A ordinary share.