Weibo Earnings Likely Weighed by Heightened Competition -- Market Talk

Dow Jones03-18

0856 GMT - Weibo will likely see earnings weaken this year due to heightened competition and weaker sentiment among advertisers, Nomura analysts write in a note. While the dividend remains attractive, its cautious outlook on the advertising segment will likely be reflected in its operating margin and earnings, they say. Weibo's 4Q earnings missed estimates on higher tax rates and lower nonoperating income, with competition from Chinese social media platform Xiaohongshu likely exacerbating its ad revenue decline, they say. Nomura maintains its neutral rating and cuts its target price to $10.80 from $13.60 to reflect a downward adjustment in forecasts for 2024 revenue and profit. Weibo ADRs last closed 4.2% higher at $9.91 on Friday. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

March 18, 2024 04:56 ET (08:56 GMT)

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Weibo's 4Q earnings missed estimates on higher tax rates and lower nonoperating income, with competition from Chinese social media platform Xiaohongshu likely exacerbating its ad revenue decline, they say. Nomura maintains its neutral rating and cuts its target price to $10.80 from $13.60 to reflect a downward adjustment in forecasts for 2024 revenue and profit. Weibo ADRs last closed 4.2% higher at $9.91 on Friday. 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While the dividend remains attractive,...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WB","symbol_name":"微博","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2420442531","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2420442531","pubTimestamp":1710752160,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0856 GMT - Weibo will likely see earnings weaken this year due to heightened competition and weaker sentiment among advertisers, Nomura analysts write in a note. While the dividend remains attractive, its cautious outlook on the advertising segment will likely be reflected in its operating margin and earnings, they say. Weibo's 4Q earnings missed estimates on higher tax rates and lower nonoperating income, with competition from Chinese social media platform Xiaohongshu likely exacerbating its ad revenue decline, they say. Nomura maintains its neutral rating and cuts its target price to $10.80 from $13.60 to reflect a downward adjustment in forecasts for 2024 revenue and profit. Weibo ADRs last closed 4.2% higher at $9.91 on Friday. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WB":"微博","09898":"微博-SW"},"translate_title":"微博收益可能受到竞争加剧的影响——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09898":1,"WB":1},"content_text":"0856 GMT - Weibo will likely see earnings weaken this year due to heightened competition and weaker sentiment among advertisers, Nomura analysts write in a note. While the dividend remains attractive, its cautious outlook on the advertising segment will likely be reflected in its operating margin and earnings, they say. Weibo's 4Q earnings missed estimates on higher tax rates and lower nonoperating income, with competition from Chinese social media platform Xiaohongshu likely exacerbating its ad revenue decline, they say. Nomura maintains its neutral rating and cuts its target price to $10.80 from $13.60 to reflect a downward adjustment in forecasts for 2024 revenue and profit. Weibo ADRs last closed 4.2% higher at $9.91 on Friday. 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