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    Weibo Reports First Quarter 2022 Unaudited Financial Results

    6/1/22 5:00:00 AM ET
    $DIDI
    $WB
    Computer Software: Programming Data Processing
    Technology
    Get the next $DIDI alert in real time by email

    BEIJING, June 1, 2022 /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, 2022.

    "We delivered a solid start to 2022," said Gaofei Wang, CEO of Weibo. "In the first quarter, our user base and traffic continued to grow nicely with disciplined marketing spending, which demonstrated our core value in public conversation and enriched content ecosystem. On monetization, Weibo has delivered a relatively resilient performance of advertising business in the first quarter, despite disruptions from COVID-19 resurgence in China."

    First Quarter 2022 Highlights

    • Net revenues were $484.6 million, an increase of 6% year-over-year or an increase of 3% year-over-year on a constant currency basis[1].
    • Advertising and marketing revenues were $427.1 million, an increase of 10% year-over-year.
    • Value-added service ("VAS") revenues were $57.5 million, a decrease of 17% year-over-year.
    • Income from operations was $102.8 million, representing an operating margin of 21%.
    • Net loss attributable to Weibo was $67.5 million and diluted net loss per share was $0.29.
    • Non-GAAP income from operations was $141.7 million, representing a non-GAAP operating margin of 29%.
    • Non-GAAP net income attributable to Weibo was $132.9 million and non-GAAP diluted net income per share was $0.56.
    • Monthly active users ("MAUs") were 582 million in March 2022, a net addition of approximately 51 million users on a year-over-year basis. Mobile MAUs represented 95% of MAUs.
    • Average daily active users ("DAUs") were 252 million in March 2022, a net addition of approximately 22 million users on a year-over-year basis.

    [1] On a constant currency (non-GAAP) basis, we assume that the exchange rate in the first quarter of 2022 had been the same as it was in the first quarter of 2021, or RMB 6.48=US$1.00.

    First Quarter 2022 Financial Results

    For the first quarter of 2022, Weibo's total net revenues were $484.6 million, an increase of 6% compared to $458.9 million for the same period last year.

    Advertising and marketing revenues for the first quarter of 2022 were $427.1 million, an increase of 10% compared to $390.0 million for the same period last year. Advertising and marketing revenues excluding ad revenues from Alibaba were $401.2 million, an increase of 12% compared to $356.7 million for the same period last year, which represented a relatively resilient performance of our advertising business this quarter, despite macro uncertainties, and disruption from COVID-19 resurgence and subsequent restrictions and lockdowns in major areas of China since mid-March.

    VAS revenues for the first quarter of 2022 were $57.5 million, a decrease of 17% year-over-year compared to $68.9 million for the same period last year. The decrease of VAS revenues was mainly due to less revenue contribution from membership service and decrease of live streaming revenues.

    Costs and expenses for the first quarter of 2022 totaled $381.8 million, an increase of 9% compared to $350.3 million for the same period last year. The increase was primarily attributable to (i) higher personnel related costs; (ii) increases in content costs primarily associated with the Winter Olympic Games; and (iii) recognition of cultural business construction fee with the lapse of exemption policy in 2022. The increase was primarily offset by a decrease of sales and marketing expenses, with disciplined channel investments and reduced offline events.

    Income from operations for the first quarter of 2022 was $102.8 million, compared to $108.6 million for the same period last year. Operating margin was 21%, compared to 24% last year. Non-GAAP income from operations was $141.7 million, compared to $137.5 million for the same period last year. Non-GAAP operating margin was 29%, compared to 30% last year.

    Non-operating loss for the first quarter of 2022 was $163.5 million, compared to a loss of $44.7 million for the same period last year. Non-operating loss for the first quarter of 2022 mainly included (i) a $163.7 million net loss from fair value change of investments, primarily resulted from net loss from fair value change of investments in Didi Global Inc. (NYSE:DIDI) and INMYSHOW Digital Technology (Group) Co., Ltd. (SHH: 600556), which was excluded under non-GAAP measures; (ii) a $14.2 million investment related impairment, which was excluded under non-GAAP measures; and (iii) a $14.4 million net interest and other income. 

    Income tax expense were $11.7 million, compared to $14.9 million for the same period last year.

    Net loss attributable to Weibo for the first quarter of 2022 was $67.5 million, compared to an income of $49.8 million for the same period last year. Diluted net loss per share attributable to Weibo for the first quarter of 2022 was $0.29, compared to a diluted net income per share attributable to Weibo of $0.22 for the same period last year. Non-GAAP net income attributable to Weibo for the first quarter of 2022 was $132.9 million, compared to $130.7 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo for the first quarter of 2022 was $0.56, compared to $0.57 for the same period last year.

    As of March 31, 2022, Weibo's cash, cash equivalents and short-term investments totaled $3.3 billion. For the first quarter of 2022, cash provided by operating activities was $248.6 million, capital expenditures totaled $8.5 million, and depreciation and amortization expenses amounted to $15.0 million.

    Conference Call

    Weibo's management team will host a conference call from 7:00 AM to 8:00 AM Eastern Time on June 1, 2022 (or 7:00 PM – 8:00 PM Beijing Time on June 1, 2022) to present an overview of the Company's financial performance and business operations.

    Please register in advance of the conference call using the link provided below. Upon registering, you will be provided with dial-in numbers, passcode and unique registrant ID by email. To join the conference, please use the conference access information provided in the email received at the point of registering.

    PRE-REGISTER LINK: http://apac.directeventreg.com/registration/event/3399110

    Additionally, a live webcast of the call will be available through the Company's corporate website at http://ir.weibo.com.

    A telephone replay will be available from 22:00 China Standard Time on June 1, 2022 to 21:59 China Standard Time on June 9, 2022. To access the recording, please use the following dial-in information listed below:

    United States:      +1 855 452 5696

    Hong Kong:         800 963 117

    Mainland China:  400 820 9035

    International:       +61 2 8199 0299

    Replay PIN:         3399110

    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, non-cash compensation cost to non-controlling interest shareholders, net results of impairment on, gain/loss on sale of 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 expense 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 convertible debt and senior notes issuance cost. Adjusted EBITDA excludes interest income, net, income tax expenses, 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, if they so choose. 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. 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.

    Safe Harbor Statement

    This press release contains forward-looking statements that relate to, among other things, Weibo's expected financial performance and strategic and operational plans (as described, without limitation, in the "Business Outlook" section and in quotations from management in this press release. Weibo may also make 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. These forward-looking statements can be identified by terminology, such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "confidence," "estimates" and similar 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 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 report on Form 20-Fs 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

    Phone: +86 10 5898-3336

    Email: [email protected]

     

    WEIBO CORPORATION

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (In thousands of U.S. dollars, except per share data)

































    Three months ended





    March 31,



    December 31,





    2022



    2021



    2021

    Net revenues:











         Advertising and marketing

    $     427,121



    $     390,011



    $     550,826

         Value-added service

    57,501



    68,885



    65,461



          Net revenues

    484,622



    458,896



    616,287















    Costs and expenses:











         Cost of revenues (1)

    104,801



    79,770



    128,545

         Sales and marketing (1)

    125,311



    143,975



    152,475

         Product development (1)

    112,434



    96,566



    113,867

         General and administrative (1)

    39,227



    29,981



    38,878



          Total costs and expenses

    381,773



    350,292



    433,765

    Income from operations

    102,849



    108,604



    182,522















    Non-operating loss:











        Impairment on, gain/loss on sale of and fair value

            change of investments, net 

    (177,950)



    (58,200)



    (41,976)

        Interest and other income, net

    14,416



    13,504



    5,161





    (163,534)



    (44,696)



    (36,815)















    Income (loss) before income tax expenses

    (60,685)



    63,908



    145,707

         Income tax expenses

    (11,716)



    (14,945)



    (45,581)















    Net income (loss)

    (72,401)



    48,963



    100,126

        Less: Net loss attributable to non-controlling interests

    (4,877)



    (857)



    (15,607)

    Net income (loss) attributable to Weibo's shareholders

    $      (67,524)



    $       49,820



    $     115,733





























    Basic net income (loss) per share attributable to Weibo's

      shareholders

    $          (0.29)



    $            0.22



    $            0.50

    Diluted net income (loss) per share attributable to Weibo's

      shareholders

    $          (0.29)



    $            0.22



    $            0.50















    Shares used in computing basic net income (loss) per share











        attributable to Weibo's shareholders

    235,206



    227,771



    230,679

    Shares used in computing diluted net income (loss) per share











        attributable to Weibo's shareholders

    235,206



    229,302



    231,506















    (1) Stock-based compensation in each category:













          Cost of revenues

    $           2,337



    $           1,413



    $           2,422



          Sales and marketing

    4,615



    2,251



    5,043



          Product development

    13,336



    8,076



    14,362



          General and administrative

    6,763



    4,013



    4,911

     

     

    WEIBO CORPORATION

    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

    (In thousands of U.S. dollars)



























    March 31,



    December 31,











    2022



    2021

















    Assets



    Current assets:















         Cash and cash equivalents



    $           2,501,799



    $           2,423,703







         Short-term investments



    792,725



    711,062







         Accounts receivable, net



    604,469



    723,089







         Prepaid expenses and other current assets



    466,018



    450,726







         Amount due from SINA(1)



    494,120



    494,200







               Current assets subtotal



    4,859,131



    4,802,780



















    Property and equipment, net



    65,850



    68,396



    Goodwill and intangible assets, net



    291,811



    297,335



    Long-term investments



    1,112,439



    1,207,651



    Other non-current assets



    1,139,677



    1,143,360



    Total assets



    $           7,468,908



    $           7,519,522

















    Liabilities, Redeemable Non-controlling Interests and Shareholders' Equity 



    Liabilities:













    Current liabilities:















         Accounts payable



    $               197,324



    $               197,643







         Accrued expenses and other current liabilities



    799,877



    828,952







         Deferred revenues



    94,739



    91,136







         Income tax payable



    155,104



    144,747







         Convertible debt



    897,576



    896,541







              Current liabilities subtotal



    2,144,620



    2,159,019





















    Long-term liabilities:















         Unsecured senior notes



    1,538,991



    1,538,415







         Other long-term liabilities



    125,175



    134,068







              Total liabilities



    3,808,786



    3,831,502



















    Redeemable non-controlling interests



    68,796



    66,622



















    Shareholders' equity:













     Weibo shareholders' equity 



    3,564,488



    3,593,821





     Non-controlling interests



    26,838



    27,577







          Total shareholders' equity 



    3,591,326



    3,621,398



    Total liabilities, redeemable non-controlling interests and

        shareholders' equity



    $           7,468,908



    $           7,519,522



















    (1) Included short-term loans to and interest receivable from SINA of $474.3 million as of  March 31, 2022

    and $479.6 million as of December 31, 2021.

     

     

    WEIBO CORPORATION



    UNAUDITED RECONCILIATION OF NON-GAAP TO GAAP RESULTS



    (In thousands of U.S. dollars, except per share data)

































    Three months ended









    March 31,





    December 31,









    2022



    2021



    2021



























    Income from operations

    $

    102,849



    $

    108,604



    $

    182,522



      Add:

    Stock-based compensation



    27,051





    15,753





    26,738





    Amortization of intangible assets resulting from business

      acquisitions



    5,751





    4,519





    5,716





    Non-cash compensation cost to non-controlling interest

      shareholders



    6,074





    8,631





    4,826



    Non-GAAP income from operations

    $

    141,725



    $

    137,507



    $

    219,802



























    Net income (loss) attributable to Weibo's shareholders

    $

    (67,524)



    $

    49,820



    $

    115,733



      Add:

    Stock-based compensation



    27,051





    15,753





    26,738





    Amortization of intangible assets resulting from business

      acquisitions



    5,751





    4,519





    5,716





    Non-cash compensation cost to non-controlling interest

      shareholders



    6,074





    8,631





    4,826





    Net results of impairment on, gain/loss on sale of and fair value

      change of investments



    177,950





    58,200





    41,976





    Non-GAAP to GAAP reconciling items on the share of equity

      method investments 



    (2,654)





    (1,075)





    4,343





    Non-GAAP to GAAP reconciling items for the income/loss

      attributable to non-controlling interests



    (4,631)





    359





    (16,844)





    Tax effects on non-GAAP adjustments(1)



    (10,771)





    (7,148)





    11,405





    Amortization of convertible debt and unsecured senior notes

      issuance cost



    1,611





    1,612





    1,611



    Non-GAAP net income attributable to Weibo's shareholders

    $

    132,857



    $

    130,671



    $

    195,504



























    Non-GAAP diluted net income per share attributable to Weibo's

      shareholders

    $

    0.56

    *

    $

    0.57

    *

    $

    0.83

    *

























    Shares used in computing GAAP diluted net income (loss) per share

      attributable to Weibo's shareholders



    235,206





    229,302





    231,506



      Add:

    The number of shares for dilution resulted from convertible

    debt(2)



    6,753





    6,753





    6,753





    The number of shares for dilution resulted from unvested

    restricted share units(2)



    447





    -





    -



    Shares used in computing non-GAAP diluted net income per share

      attributable to Weibo's shareholders



    242,406





    236,055





    238,259



























    Adjusted EBITDA:





















    Net income (loss) attributable to Weibo's shareholders

    $

    (67,524)



    $

    49,820



    $

    115,733





    Non-GAAP adjustments



    200,381





    80,851





    79,771





    Non-GAAP net income attributable to Weibo's shareholders



    132,857





    130,671





    195,504







    Interest income,net



    (10,986)





    (3,939)





    (4,231)







    Income tax expenses



    22,487





    22,093





    34,176







    Depreciation expenses



    8,730





    7,909





    8,593





    Adjusted EBITDA

    $

    153,088



    $

    156,734



    $

    234,042



















































    (1)

    To exclude the income tax expenses primarily related to amortization of intangible assets resulting from business

    acquisitions and fair value change of investments. The Company considered the tax implication arising from the

    reconciliation items. Part of these items were recorded in entities established in tax free jurisdictions and there were no

    relevant tax implications. For impairment on investments, valuation allowances were made for those differences as the

    Company does not expect they can be realized in the foreseeable future.



























    (2)

    To adjust the number of shares for dilution resulted from convertible debt and unvested restricted share units which were

    anti-dilutive under GAAP measures.



























    * 

    Net income attributable to Weibo's shareholders is adjusted for interest expense of convertible debt for calculating diluted EPS.

     

     

    WEIBO CORPORATION

    UNAUDITED ADDITIONAL INFORMATION

    (In thousands of U.S. dollars)



















    Three months ended





    March 31,



    December 31,





    2022



    2021



    2021















    Net revenues













    Advertising and marketing













         Non-Ali advertisers

    $ 401,196



    $ 356,711



    $  505,333



         Alibaba - as an advertiser

    25,925



    33,300



    45,493



             Subtotal

    427,121



    390,011



    550,826

















    Value-added service

    57,501



    68,885



    65,461





    $ 484,622



    $ 458,896



    $  616,287

     

     

    Cision View original content:https://www.prnewswire.com/news-releases/weibo-reports-first-quarter-2022-unaudited-financial-results-301558699.html

    SOURCE Weibo Corporation

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    BEIJING, July 24, 2025 /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 2025 before the U.S. market opens on Thursday, August 14, 2025. Following the announcement, Weibo's management team will host a conference call from 7 AM – 8 AM Eastern Time on August 14, 2025 (or 7 PM – 8 PM Beijing Time on August 14, 2025) 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

    7/24/25 5:00:00 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    $DIDI
    $WB
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    SEC Filings

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    Weibo downgraded by Morgan Stanley with a new price target

    Morgan Stanley downgraded Weibo from Equal-Weight to Underweight and set a new price target of $10.00 from $11.00 previously

    5/17/24 7:40:42 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    Weibo downgraded by Goldman

    Goldman downgraded Weibo from Buy to Neutral

    3/28/24 7:51:42 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    Weibo upgraded by UBS with a new price target

    UBS upgraded Weibo from Neutral to Buy and set a new price target of $11.50

    3/19/24 9:02:04 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    SEC Form 6-K filed by Weibo Corporation

    6-K - WEIBO Corp (0001595761) (Filer)

    8/14/25 6:06:20 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    SEC Form 6-K filed by Weibo Corporation

    6-K - WEIBO Corp (0001595761) (Filer)

    8/14/25 6:03:54 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    SEC Form 6-K filed by Weibo Corporation

    6-K - WEIBO Corp (0001595761) (Filer)

    7/24/25 6:04:39 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    $DIDI
    $WB
    Large Ownership Changes

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    SEC Form SC 13G filed by Weibo Corporation

    SC 13G - WEIBO Corp (0001595761) (Subject)

    2/7/24 7:58:24 PM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    SEC Form SC 13G/A filed by Weibo Corporation (Amendment)

    SC 13G/A - WEIBO Corp (0001595761) (Subject)

    2/7/24 6:01:44 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    SEC Form SC 13G/A filed by Weibo Corporation (Amendment)

    SC 13G/A - WEIBO Corp (0001595761) (Subject)

    2/14/23 10:01:18 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    $DIDI
    $WB
    Financials

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    Weibo Announces Second Quarter 2025 Unaudited Financial Results

    BEIJING, Aug. 14, 2025 /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, 2025. "We delivered solid performance this quarter," said Gaofei Wang, CEO of Weibo. "On the user product front, we focused on the integration of social products and upgrade of recommendation system, which are aimed at improving user engagement and content consumption on the platform. On the AI technology application front, our user community of AI-powered intelligent search grew robustly, which further drove the increase of the overall search needs of users. On the monetization

    8/14/25 5:00:00 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    Weibo Corporation to Report Second Quarter 2025 Financial Results on August 14, 2025

    BEIJING, July 24, 2025 /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 2025 before the U.S. market opens on Thursday, August 14, 2025. Following the announcement, Weibo's management team will host a conference call from 7 AM – 8 AM Eastern Time on August 14, 2025 (or 7 PM – 8 PM Beijing Time on August 14, 2025) 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

    7/24/25 5:00:00 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    Weibo Announces First Quarter 2025 Unaudited Financial Results

    BEIJING, May 21, 2025 /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, 2025. "We are pleased with our progresses made on the AI product front," said Gaofei Wang, CEO of Weibo. "On the user front, we remain committed to creating user value by focusing on the integration of Weibo's social features and upgrade of the recommendation system. In the first quarter, we further grew our user community and deepened user engagement. On the AI application front, we have made Weibo Intelligent Search, our AI-powered search function, available to all users. Durin

    5/21/25 5:00:00 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    $DIDI
    $WB
    Leadership Updates

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    H World Group Limited Announces Change of Board Composition

    SINGAPORE and SHANGHAI, Aug. 15, 2025 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that the board of directors of the Company (the "Board") appointed, effective from August 15, 2025, (i) Mr. Justin Martin Leverenz ("Mr. Leverenz") as a director of the Board; (ii) Ms. Yi Zhang (alias Bonnie Yi Zhang) ("Ms. Zhang") as an independent director of the Board and the chairwoman of the audit committee of the Company (the "Audit Committee"); and (iii) Ms. Lei Cao, an existing independent director of the Company, as a member of the compensation committee of the Company (the "Compensation Committee").

    8/15/25 6:15:27 AM ET
    $HSAI
    $HTHT
    $WB
    Industrial Machinery/Components
    Industrials
    Hotels/Resorts
    Consumer Discretionary

    Weibo Reports First Quarter 2021 Unaudited Financial Results

    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

    5/10/21 5:45:00 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology

    Weibo Reports Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results

    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

    3/18/21 5:30:00 AM ET
    $WB
    Computer Software: Programming Data Processing
    Technology