Weibo Third Quarter 2024 Earnings: Revenues Beat Expectations

Simply Wall St.11-22 18:38

Weibo (NASDAQ:WB) Third Quarter 2024 Results Key Financial Results Revenue: US$464.5m (up 5.1% from 3Q 2023). Net income: US$130.6m (up 69% from 3Q 2023). Profit margin: 28% (up from 18% in 3Q 2023)....

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The increase in margin was primarily driven by lower expenses.NasdaqGS:WB Earnings and Revenue Growth November 22nd 2024. All figures shown in the chart above are for the trailing 12 month  period. Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US.Performance of the American Interactive Media and Services industry.The company's shares are up 9.4% from a week ago.Before you take the next step you should know about the 1 warning sign for Weibo that we have uncovered.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WB":"微博"},"translate_title":"微博2024年第三季度财报：收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WB":1},"content_text":"Weibo (NASDAQ:WB) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$464.5m (up 5.1% from 3Q 2023).\nNet income: US$130.6m (up 69% from 3Q 2023).\nProfit margin: 28% (up from 18% in 3Q 2023). The increase in margin was primarily driven by lower expenses.\n\n\n\n\n  NasdaqGS:WB Earnings and Revenue Growth November 22nd 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nWeibo Revenues Beat Expectations\n Revenue exceeded analyst estimates by 6.5%. \n Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US. \nPerformance of the American Interactive Media and Services industry.\n The company's shares are up 9.4% from a week ago. \nRisk Analysis\n Before you take the next step you should know about the 1 warning sign for Weibo that we have uncovered. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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