Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express, as well as promoted trends and search products that appear alongside user's trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements for copyright content providers. Further, it provides back-end management, traffic support, and product solutions to MCNs, unions, and e-commerce partners; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation is a subsidiary of Sina Corporation.
IPO Year: 2014
Exchange: NASDAQ
Website: ir.weibo.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/17/2024 | $11.00 → $10.00 | Equal-Weight → Underweight | Morgan Stanley |
| 3/28/2024 | Buy → Neutral | Goldman | |
| 3/19/2024 | $11.50 | Neutral → Buy | UBS |
| 1/11/2024 | $19.50 → $10.00 | Buy → Underperform | BofA Securities |
| 8/25/2023 | Buy → Hold | The Benchmark Company | |
| 6/13/2023 | $33.00 → $15.50 | Buy → Neutral | UBS |
| 1/30/2023 | Neutral | JP Morgan | |
| 1/9/2023 | $25.00 | Neutral → Buy | Goldman |
| 4/11/2022 | $37.50 | Neutral | Goldman |
| 3/11/2022 | $64.00 → $27.80 | Buy → Neutral | UBS |
BEIJING, Nov. 19, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. "We had a solid quarter," said Gaofei Wang, CEO of Weibo. "On the user front, we continued to focus on the acquisition and engagement of high quality users. On the monetization front, our advertising business has exhibited a stabilized trend this quarter. We are pleased to see robust growth of ad revenues from certain key sectors, mainly driven by ad demand during the Summer Olympics. Our value-added services business also delivered strong momentum this quarter, benefi
BEIJING, Oct. 29, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ:WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the third quarter 2024 before the U.S. market opens on Tuesday, November 19, 2024. Following the announcement, Weibo's management team will host a conference call from 6 AM – 7 AM Eastern Time on November 19, 2024 (or 7 PM – 8 PM Beijing Time on November 19, 2024) 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 instruction will be in the con
BEIJING, Aug. 22, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. "Our user engagement and operating efficiency have further improved this quarter," said Gaofei Wang, CEO of Weibo. "On the user front, we emphasized on the acquisition and engagement of high quality users and saw improved user engagement this quarter. On the content front, we further optimized our content ecosystem through reinforcement of our core strength and solid execution of our vertical content strategy. On the monetization front, we are encouraged to see Weibo's str
BEIJING, July 31, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ:WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the second quarter 2024 before the U.S. market opens on Thursday, August 22, 2024. Following the announcement, Weibo's management team will host a conference call from 7 AM – 8 AM Eastern Time on August 22, 2024 (or 7 PM – 8 PM Beijing Time on August 22, 2024) 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 instruction will be in the confirm
BEIJING, May 23, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. "We had a solid start to the year," said Gaofei Wang, CEO of Weibo. "On the user front, we focused on the acquisition and engagement of high quality users and improving ROI of our channel investments. On the content front, we also made progress in optimizing traffic structure through continuous execution of vertical content strategy. On the monetization front, Weibo's business demonstrated stabilized trend, with enhanced operating efficiency this quarter. Looking forward, w
BEIJING, May 22, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced that the following proposed resolutions submitted for shareholder approval have been adopted at its 2024 annual general meeting of shareholders held today: 1. as an ordinary resolution, THAT Mr. Charles Chao shall be re-elected as a director of the Company at this annual general meeting and retain office until his retirement pursuant to the Company's memorandum and articles of association; 2. as an ordinary resolution, THAT Mr. Pochin Christopher Lu shall be re-elected as a director of the Company at this annual general meeting and retain office un
BEIJING, May 8, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ:WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the first quarter 2024 before the U.S. market opens on Thursday, May 23, 2024. Following the announcement, Weibo's management team will host a conference call from 7 AM – 8 AM Eastern Time on May 23, 2024 (or 7 PM – 8 PM Beijing Time on May 23, 2024) 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 instruction will be in the confirmation email
BEIJING, April 25, 2024 /PRNewswire/ -- Weibo Corporation (the "Weibo" or "Company") (NASDAQ:WB), 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, XiBeiWan
BEIJING, April 8, 2024 /PRNewswire/ -- Weibo Corporation (the "Weibo" or "Company") (Nasdaq: WB and HKEX: 9898), China's leading social media platform, today published a notice to announce that it will hold an annual general meeting (the "AGM") of shareholders (the "Notice of AGM") at 5809-5810, Two International Finance Centre, 8th Finance Street, Central, Hong Kong on Wednesday, May 22, 2024 at 2:00 p.m.(Hong Kong time), for the purposes of considering and, if thought fit, passing the Proposed Resolutions set forth in the Notice of AGM. The Notice of AGM and proxy card for the AGM are available on the Company's website at ir.weibo.com. The board of directors of Weibo fully supports the pro
BEIJING, March 14, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. "In 2023, we further improved our product's competitiveness and operating efficiency," said Gaofei Wang, CEO of Weibo. "Our user community expanded this year, as we have reinforced our content ecosystem and enhanced core competitiveness of our products. On monetization front, our advertising business exhibited solid performance this quarter and gradually recovered throughout the year. With our continued focus on operating efficiency and financial disci
Morgan Stanley downgraded Weibo from Equal-Weight to Underweight and set a new price target of $10.00 from $11.00 previously
Goldman downgraded Weibo from Buy to Neutral
UBS upgraded Weibo from Neutral to Buy and set a new price target of $11.50
BofA Securities downgraded Weibo from Buy to Underperform and set a new price target of $10.00 from $19.50 previously
The Benchmark Company downgraded Weibo from Buy to Hold
UBS downgraded Weibo from Buy to Neutral and set a new price target of $15.50 from $33.00 previously
JP Morgan initiated coverage of Weibo with a rating of Neutral
Goldman upgraded Weibo from Neutral to Buy and set a new price target of $25.00
Goldman resumed coverage of Weibo with a rating of Neutral and set a new price target of $37.50
UBS downgraded Weibo from Buy to Neutral and set a new price target of $27.80 from $64.00 previously
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6-K - WEIBO Corp (0001595761) (Filer)
6-K - WEIBO Corp (0001595761) (Filer)
6-K - WEIBO Corp (0001595761) (Filer)
6-K - WEIBO Corp (0001595761) (Filer)
6-K - WEIBO Corp (0001595761) (Filer)
6-K - WEIBO Corp (0001595761) (Filer)
6-K - WEIBO Corp (0001595761) (Filer)
6-K - WEIBO Corp (0001595761) (Filer)
20-F - WEIBO Corp (0001595761) (Filer)
BEIJING, May 10, 2021 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for first quarter ended March 31, 2021. "We started the year of 2021 with a strong quarter," said Gaofei Wang, CEO of Weibo. "Weibo's user base and engagement continued to grow from prior quarter, leveraging our effective channel investments, enriched video offerings and our strength in social distribution and hot trends. On the monetization front, we are glad to see broad-based year-over-year growth across industries and robust momentum with certain differentiated ad products, demonstrating our competitiveness in
BEIJING, March 18, 2021 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020. "We ended the year of 2020 on a solid note," said Gaofei Wang, CEO of Weibo. "During the unprecedented times in 2020, Weibo has demonstrated its indispensable value as China's leading social media platform to serve public conversations, and further enriched our video and community product offerings. On monetization, we are pleased to see our revenue and profit return to a solid growth trajectory in the fourth quarter. Entering into 2021, Weibo is well
BEIJING, Nov. 19, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. "We had a solid quarter," said Gaofei Wang, CEO of Weibo. "On the user front, we continued to focus on the acquisition and engagement of high quality users. On the monetization front, our advertising business has exhibited a stabilized trend this quarter. We are pleased to see robust growth of ad revenues from certain key sectors, mainly driven by ad demand during the Summer Olympics. Our value-added services business also delivered strong momentum this quarter, benefi
BEIJING, Oct. 29, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ:WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the third quarter 2024 before the U.S. market opens on Tuesday, November 19, 2024. Following the announcement, Weibo's management team will host a conference call from 6 AM – 7 AM Eastern Time on November 19, 2024 (or 7 PM – 8 PM Beijing Time on November 19, 2024) 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 instruction will be in the con
BEIJING, Aug. 22, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. "Our user engagement and operating efficiency have further improved this quarter," said Gaofei Wang, CEO of Weibo. "On the user front, we emphasized on the acquisition and engagement of high quality users and saw improved user engagement this quarter. On the content front, we further optimized our content ecosystem through reinforcement of our core strength and solid execution of our vertical content strategy. On the monetization front, we are encouraged to see Weibo's str
BEIJING, July 31, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ:WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the second quarter 2024 before the U.S. market opens on Thursday, August 22, 2024. Following the announcement, Weibo's management team will host a conference call from 7 AM – 8 AM Eastern Time on August 22, 2024 (or 7 PM – 8 PM Beijing Time on August 22, 2024) 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 instruction will be in the confirm
BEIJING, May 23, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. "We had a solid start to the year," said Gaofei Wang, CEO of Weibo. "On the user front, we focused on the acquisition and engagement of high quality users and improving ROI of our channel investments. On the content front, we also made progress in optimizing traffic structure through continuous execution of vertical content strategy. On the monetization front, Weibo's business demonstrated stabilized trend, with enhanced operating efficiency this quarter. Looking forward, w
BEIJING, May 8, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ:WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the first quarter 2024 before the U.S. market opens on Thursday, May 23, 2024. Following the announcement, Weibo's management team will host a conference call from 7 AM – 8 AM Eastern Time on May 23, 2024 (or 7 PM – 8 PM Beijing Time on May 23, 2024) 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 instruction will be in the confirmation email
BEIJING, March 14, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. "In 2023, we further improved our product's competitiveness and operating efficiency," said Gaofei Wang, CEO of Weibo. "Our user community expanded this year, as we have reinforced our content ecosystem and enhanced core competitiveness of our products. On monetization front, our advertising business exhibited solid performance this quarter and gradually recovered throughout the year. With our continued focus on operating efficiency and financial disci
BEIJING, Feb. 27, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ:WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the fourth quarter and fiscal year 2023 before the U.S. market opens on Thursday, March 14, 2024. Following the announcement, Weibo's management team will host a conference call from 7 AM – 8 AM Eastern Time on March 14, 2024 (or 7 PM – 8 PM Beijing Time on March 14, 2024) 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 instruction will be i
BEIJING, Aug. 24, 2023 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for the second quarter ended June 30, 2023. "We are pleased with the recovery of our business and improvement of our operating efficiency this quarter," said Gaofei Wang, CEO of Weibo. "During this quarter, our user community experienced continuous healthy growth, with ongoing execution of effective channel and operational strategies. For content ecosystem, on top of solid growth of traffic and content consumption around Weibo's advantageous areas, such as entertainment and hot trends, we also beefed up our investmen
BEIJING, Aug. 9, 2023 /PRNewswire/ -- Weibo Corporation (NASDAQ:WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the second quarter 2023 before the U.S. market opens on Thursday, August 24, 2023. Following the announcement, Weibo's management team will host a conference call from 7 AM – 8 AM Eastern Time on August 24, 2023 (or 7 PM – 8 PM Beijing Time on August 24, 2023) 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 instruction will be in the confirmat
Key Takeaways: Yalla’s revenue continues to grow, as it consolidates its place as a leading Middle Eastern social media and gaming company The company announced its entry to a major British gaming association, as it looks to bring established hardcore games to the Middle East to jumpstart its growth By Doug Young What do you do when you have a well-oiled high-performance car, but have no place to drive it immediately beyond your own backyard? That’s the question facing Yalla Group Ltd. (NYSE:YALA), which has consistently boasted very strong profit growth as it hones its core apps that have made it one of the Middle East and North Africa’s (MENA) top social media and gaming operators.
Weibo Corp (NASDAQ: WB) reported a fiscal first-quarter 2024 revenue decline of 4% year-on-year to $395.5 million, beating the analyst consensus estimate of $392.5 million. Revenue of the Chinese social network company was flat Y/Y on a CC basis. Adjusted EPS of $0.41 beat the analyst consensus estimate of $0.36. The stock price gained after the results. Weibo’s advertising and marketing revenues declined by 5% Y/Y at $339.0 million. Value-added service (VAS) revenues decreased 3% Y/Y to $56.5 million. Monthly active users (MAUs) were 588 million in March 2024 (vs 593 million Y/Y), while Average daily active users (DAUs) rose by 5 million Y/Y to 255 million (vs 255 million Y/Y).
Major U.S. index futures jumped early Thursday as Nvidia Corp.’s (NASDAQ:NVDA) earnings provided a shot in the arm for the market. A couple of market-moving economic data on the job market and the manufacturing sector and a Federal Reserve official’s speech could also affect the day’s trading. Given the confounding rate outlook, the focus is likely to be squarely on these numbers to understand their implications for the Fed funds rate. A market strategist pointed to historical seasonal strength around May-end through early July. FuturesPerformance (+/-)Nasdaq 100+0.95%S&P 500+0.59%Dow+0.14%R2K+0.18%In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) climbed 0.56% to $5
Weibo (NASDAQ:WB) reported quarterly earnings of $0.41 per share which beat the analyst consensus estimate of $0.36 by 13.89 percent. This is a 12.77 percent decrease over earnings of $0.47 per share from the same period last year. The company reported quarterly sales of $395.497 million which beat the analyst consensus estimate of $392.547 million by 0.75 percent. This is a 4.42 percent decrease over sales of $413.778 million the same period last year.
Ratings for Weibo (NASDAQ:WB) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 2 1 0 Last 30D 0 0 0 1 0 1M Ago 0 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 0 0 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $10.47, a high estimate of $11.50, and a low estimate of $9.80. This current average has decreased by 16.24% from the
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler cut the price target for Globant S.A. (NYSE:GLOB) from $290 to $238. Piper Sandler analyst Arvind Ramnani reiterated an Overweight rating. Globant shares fell 0.3% to close at $177.73 on Thursday. See how other analysts view this stock. Baird slashed the price target for BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) from $104 to $72. Baird analyst Joel Beatty downgraded the stock from Outperform to Neutral. BioMarin Pharmaceutical shares fell 4.3% to close at $76.97 on Thursday. See how
Morgan Stanley analyst Alex Poon downgrades Weibo (NASDAQ:WB) from Equal-Weight to Underweight and lowers the price target from $11 to $10.
Walt Disney Co. (NYSE:DIS) and Warner Bros. Discovery (NASDAQ:WBD) are joining forces to introduce a new streaming bundle that will include Disney+, Hulu, and Max. The bundle is set to be available in the U.S. this summer. What Happened: The new bundle will offer both ad-supported and ad-free options, but the pricing details are yet to be disclosed, reported The Verge on Thursday. The companies have promised to share more information about the bundle in the coming months. The bundle will be available for purchase from the respective websites of Disney+, Hulu, and Max. See Also: ‘Have You Used Siri Lately?’ Elon Musk Answers MKBHD After Tim Cook Teases ‘Exciting’ AI Developments Fro
https://asia.nikkei.com/Politics/China-enlists-Tencent-Weibo-and-Douyin-to-protect-state-secrets BEIJING -- China on Wednesday implemented a revised State Secrets Law, requiring internet companies such as Tencent and Weibo to delete leaked information and cooperate with government investigations, further underscoring President Xi Jinping's focus on national security.Protecting and curbing the spread of state secrets online, in an increasingly digitally focused society, is a central element of the extensive revisions to the law, which has been updated for the first time since 2010. The changes add "internet information" to the list of distribution channels that must follow secrecy requirement
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