Hong Kong · Delayed Price · Currency is HKD Weibo Earnings Call Transcripts
Fiscal Year 2025
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Q3 2025 revenue fell 5% year-over-year to $442.3M, with ad revenue down 6% due to a high prior-year base, but e-commerce and auto sectors showed strong growth. AI-driven product and ad upgrades boosted engagement and efficiency, while outlook remains cautious amid sector headwinds.
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Q2 2025 saw 2% revenue growth to $444.8M and 13% net income growth, with strong user metrics and robust e-commerce and auto ad sectors. AI-powered upgrades boosted engagement and ad performance, while FMCG and luxury sectors faced pressure.
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MAUs and DAUs returned to growth in Q1 2025, with stable revenues and improved margins. AI-driven product upgrades boosted engagement, while ad revenues were flat overall but strong in e-commerce and auto. Cash flow remained healthy, and a $200M dividend was distributed.
Fiscal Year 2024
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Q4 2024 revenue was $456.8M, down 1% year-over-year, with stable profitability and strong cash flow. Growth in value-added services and select ad sectors offset declines in others, while AI investment and a $200M annual dividend remain strategic priorities.
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Q3 2024 saw 5% revenue growth to $464.5M, with strong gains in VAS and ad revenue driven by Olympic events and strategic partnerships. Management expects gradual recovery, with stimulus policies supporting select verticals in Q4.
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Q2 2024 saw stable user growth and engagement, with net revenue of $437.9M and a 36% operating margin. Advertising remained resilient in key verticals, but macro headwinds and weak cosmetics demand weighed on results. Management remains cautious for H2 2024.