Twitter's Chinese Peer Weibo Q3 Earnings: Beats Expectations, Advertising Stabilizes, VAS Growth Shines & More

Benzinga11-19

Weibo Corp reported a fiscal third-quarter revenue growth of 5% year-on-year to $464.48 million, beating the analyst consensus estimate of $435.98 million. The Chinese microblogging social network company’s revenue grew by 3% year-on-year on a constant basis.

Adjusted EPS of 53 cents beat the analyst consensus estimate of 44 cents.

The stock price gained 7% after the results.

Weibo’s advertising and marketing revenues increased by 2% Y/Y at $398.6 million. Value-added service (VAS) revenues increased 25% Y/Y to $65.9 million.

Monthly active users (MAUs) were 587 million in September 2024 (vs. 605 million Y/Y), while Average daily active users (DAUs) were 257 million (vs. 260 million Y/Y).

The adjusted operating margin declined by 200 bps to 35% as profits remained relatively flat Y/Y.

As of September 30, 2024, Weibo held $2.2 billion in cash and equivalents and generated $124.2 million in operating cash flow during the quarter.

Weibo CEO Gaofei Wang highlighted the company’s strong quarterly performance, emphasizing efforts to attract and engage high-quality users. The advertising business showed stabilization, with significant revenue growth in key sectors fueled by ad demand during the Summer Olympics.

The value-added services segment also performed well, driven by upgraded membership offerings that enhanced users’ social interactions on the platform.

Weibo stock plunged over 19% year-to-date.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2484916086?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-19 18:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484916086","market":"us","top_or_hot":-1,"title":"Twitter's Chinese Peer Weibo Q3 Earnings: Beats Expectations, Advertising Stabilizes, VAS Growth Shines & More","media":"Benzinga","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/WB\">Weibo Corp</a> reported a fiscal third-quarter revenue growth of 5% year-on-year to $464.48 million, beating the analyst consensus estimate of $435.98 million. The Chinese microblogging social network company’s revenue grew by 3% year-on-year on a constant basis.</p><p>Adjusted EPS of 53 cents beat the analyst consensus estimate of 44 cents.</p><p>The stock price gained 7% after the results.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0b04f865815c1901b4f1b58dd0f05233\" tg-width=\"714\" tg-height=\"622\"/></p><p>Weibo’s advertising and marketing revenues increased by 2% Y/Y at $398.6 million. Value-added service (VAS) revenues increased 25% Y/Y to $65.9 million.</p><p>Monthly active users (MAUs) were 587 million in September 2024 (vs. 605 million Y/Y), while Average daily active users (DAUs) were 257 million (vs. 260 million Y/Y). </p><p>The adjusted operating margin declined by 200 bps to 35% as profits remained relatively flat Y/Y. </p><p>As of September 30, 2024, Weibo held $2.2 billion in cash and equivalents and generated $124.2 million in operating cash flow during the quarter.</p><p>Weibo CEO Gaofei Wang highlighted the company’s strong quarterly performance, emphasizing efforts to attract and engage high-quality users. The advertising business showed stabilization, with significant revenue growth in key sectors fueled by ad demand during the Summer Olympics.</p><p>The value-added services segment also performed well, driven by upgraded membership offerings that enhanced users’ social interactions on the platform.</p><p>Weibo stock plunged over 19% year-to-date.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Twitter's Chinese Peer Weibo Q3 Earnings: Beats Expectations, Advertising Stabilizes, VAS Growth Shines & More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTwitter's Chinese Peer Weibo Q3 Earnings: Beats Expectations, Advertising Stabilizes, VAS Growth Shines & More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 18:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/24/11/42057142/twitters-chinese-peer-weibo-q3-earnings-beats-expectations-advertising-stabilizes-vas-growth-shines-more><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Weibo Corp reported a fiscal third-quarter revenue growth of 5% year-on-year to $464.48 million, beating the analyst consensus estimate of $435.98 million. The Chinese microblogging social network ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/24/11/42057142/twitters-chinese-peer-weibo-q3-earnings-beats-expectations-advertising-stabilizes-vas-growth-shines-more\">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":"09898","symbol_name":"微博-SW","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/24/11/42057142/twitters-chinese-peer-weibo-q3-earnings-beats-expectations-advertising-stabilizes-vas-growth-shines-more","article_id":"2484916086","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484916086","pubTimestamp":1732013235,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Weibo reported 5% YoY revenue growth to $464.48M, beating estimates. Adjusted EPS of $0.53 also beat estimates. Stock gained after results.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"09898":"微博-SW","WB":"微博"},"translate_title":"Twitter的中国同行微博第三季度盈利：超出预期、广告稳定、增值服务增长亮眼等","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09898":1,"WB":1},"content_text":"Weibo Corp reported a fiscal third-quarter revenue growth of 5% year-on-year to $464.48 million, beating the analyst consensus estimate of $435.98 million. The Chinese microblogging social network company’s revenue grew by 3% year-on-year on a constant basis.Adjusted EPS of 53 cents beat the analyst consensus estimate of 44 cents.The stock price gained 7% after the results.Weibo’s advertising and marketing revenues increased by 2% Y/Y at $398.6 million. Value-added service (VAS) revenues increased 25% Y/Y to $65.9 million.Monthly active users (MAUs) were 587 million in September 2024 (vs. 605 million Y/Y), while Average daily active users (DAUs) were 257 million (vs. 260 million Y/Y). The adjusted operating margin declined by 200 bps to 35% as profits remained relatively flat Y/Y. As of September 30, 2024, Weibo held $2.2 billion in cash and equivalents and generated $124.2 million in operating cash flow during the quarter.Weibo CEO Gaofei Wang highlighted the company’s strong quarterly performance, emphasizing efforts to attract and engage high-quality users. The advertising business showed stabilization, with significant revenue growth in key sectors fueled by ad demand during the Summer Olympics.The value-added services segment also performed well, driven by upgraded membership offerings that enhanced users’ social interactions on the platform.Weibo stock plunged over 19% year-to-date.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484916086"}