Weibo Corporation (WB) research, news, and more from GeoInvesting

Company description

Wed, 17 Jun 2015 12:53:28 GMT

Weibo Corporation operates as a social media platform for people to create, distribute, and discover Chinese-language content. The company operates through two segments, Advertising and Marketing Services, and Other Services. It offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform; and notifications to notify users on Weibo account activities through SMS or push notification on their device. The company also provides third-party online games, including role playing, card, strategy, and real life simulation games, as well as various services and functions to VIP members; and develops mobile apps comprising Weibo Headlines that aggregates news and information from Weibo and other online sources, as well as Weibo Weather, a weather app. In addition, it offers advertising and marketing solutions, such as social display ads; and promoted marketing, accounts, and trends to enable its customers to promote their brands and conduct marketing activities. Further, the company provides products that allow its platform partners to link their Websites and mobile apps to its platform, enabling their users to share content to Weibo; and application programming interfaces, which allow third-party developers to build apps to serve individual and organization users. Additionally, it offers Weibo Credit that allows its users to purchase in-game virtual items and other types of fee-based services on Weibo, and for platform partners to receive payment; and Weibo wallet, which enables individuals and businesses to hand out ‘red envelops’ to build fan base. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation is a subsidiary of SINA Corporation.

Comments & Business Outlook

Thu, 03 Mar 2016 13:45:18 GMT

Fourth Quarter 2015 Financial Results

For the fourth quarter of 2015, Weibo reported net revenues of $149.0 million, compared to $105.2 million for the same period last year. Advertising and marketing revenue totaled $129.5 million, compared to $88.0 million for the same period last year. Weibo VAS revenue totaled $19.5 million, compared to $17.2 million for the same period last year.
Non-GAAP net income attributable to Weibo’s ordinary shareholders was $68.8 million, or non-GAAP diluted net income per share of $0.32, compared to a non-GAAP net loss of $2.3 million for 2014, or non-GAAP diluted net loss per share of $0.01.
Adjusted EBITDA increased 454% year over year to $85.7 million.

“Weibo ended 2015 on a high note with non-Alibaba advertising and marketing revenues growing 69% year over year on a constant currency basis and adjusted EBITDA margin reaching 25% in the fourth quarter,” said Gaofei Wang, Weibo’s CEO. “On the user side, Weibo’s traffic growth continues to be robust, as we are positioned at the conjuncture of social, mobile and video. For example, in December 2015, mobile DAUs grew 46% year over year to 94 million and average daily video views grew 53% sequentially.”

Business Outlook

For the first quarter of 2016, Weibo estimates that its net revenues to be between $111 million and $116 million. This forecast reflects Weibo’s current and preliminary view, which is subject to change.

Comments & Business Outlook

Thu, 19 Nov 2015 13:23:27 GMT

Third Quarter 2015 Financial Results

Net revenues increased 48% year over year to $124.7 million, exceeding the Company's guidance between $120 million and $123 million.
Non-GAAP net income attributable to Weibo's ordinary shareholders was $22.1 million, or non-GAAP diluted net income per share of $0.10, compared to a non-GAAP net loss of $1.5 million for the same period last year, or non-GAAP diluted net loss per share of $0.01.

"We continue to see strong momentum in Weibo's advertising and marketing business, with non-Alibaba ad revenues growing 100% year over year in RMB and ad customers in the quarter reaching close to half a million," said Gaofei Wang, Weibo's CEO. "On the user side, strong consumption of video, photo and key opinion leader content are contributing to the robust growth of Weibo traffic. For example, daily video views on Weibo in September 2015 grew 9.7 times from the same period last year."

Business Outlook

For the fourth quarter of 2015, Weibo estimates that its net revenues to be between $146 million and $149 million. This forecast reflects Weibo's current and preliminary view, which is subject to change.

Comments & Business Outlook

Wed, 19 Aug 2015 04:32:44 GMT

Second Quarter 2015 Financial Results

Net revenues increased 39% year over year to $107.8 million, exceeding the Company's guidance between $102 million and $105 million.

Non-GAAP net income attributable to Weibo's ordinary shareholders was $10.9 million, or non-GAAP diluted net income per share of $0.05, compared to a non-GAAP net loss of $5.1 million for the same period last year, or non-GAAP diluted net loss per share of $0.03.

"Weibo's MAU growth continues to be robust, reaching 212 million in June, as we sought to improve user experience, increase penetration into lower tiered cities and expand our partnerships with the television and movie industries," stated Gaofei Wang, Weibo's CEO. "We are also seeing strong momentum in the adoption of Weibo social advertising, especially in the SME segment, where our revenues grew 163% year over year and the number of customers reached 443,000 in the second quarter of 2015."

Business Outlook

For the third quarter of 2015, Weibo estimates that its net revenues to be between $120 million and $123 million. This forecast reflects Weibo's current and preliminary view, which is subject to change.

Comments & Business Outlook

Fri, 15 May 2015 04:00:00 GMT

First Quarter 2015 Financial Results

Net revenues increased 43% year over year to $96.3 million, exceeding the Company's guidance between $93 million and $96 million.
Non-GAAP diluted net income per share of $0.01, compared to a non-GAAP net loss of $4.8 million for the same period last year.

"Weibo's MAU grew at its fastest pace since our IPO in March with mobile MAU up 57% year over year," stated Gaofei Wang, Weibo's CEO. "On the monetization front, Weibo's advertising and marketing revenues also saw strong growth in the first quarter, particularly in the small and medium-sized enterprise segment where revenues grew 125% year over year, boosted by the momentum generated from Weibo's self-service platform."

Business Outlook

For the second quarter of 2015, Weibo estimates that its net revenues to be between $102 million and $105 million, which assumes that certain planned initiatives with Alibaba are still expected to begin in the second quarter, but revenue for which may need to be deferred to the second half of 2015 for revenue recognition purposes. This forecast reflects Weibo's current and preliminary view, which is subject to change.

Comments & Business Outlook

Wed, 11 Mar 2015 04:00:00 GMT

Fourth Quarter 2014 Financial Results

Net revenues increased 47% year over year to $105.2 million, exceeding the Company's guidance between $102 million and $105 million.
Non-GAAP diluted net income per share attributable to Weibo's ordinary shareholders for the fourth quarter of 2014 was $0.04, compared to $0.02 per share for the same period last year.

"Our execution has been solid since our IPO last April. In 2014, Weibo experienced the largest user increase since our inception, as we continued to focus on building the leading social media in China for internet users to create, share and discover multi-media content," stated Gaofei Wang, CEO of Weibo. "On the monetization front, mobile ad revenues now make up more than half of Weibo's total ad revenues, and we are seeing significant interest from customers to learn more about Weibo marketing. 2015 will be another high growth year for mobile and social marketing in China, and we are well positioned to take advantage of this trend."

Business Outlook

For the first quarter of 2015, Weibo estimates that its net revenues to be between $93 million and $96 million. This forecast reflects Weibo's current and preliminary view, which is subject to change.

Comments & Business Outlook

Fri, 14 Nov 2014 05:00:00 GMT

Third Quarter 2014 Financial Results

Net revenues increased 58% year over year to $84.1 million, exceeding the Company's guidance between $79 million and $82 million.
Non-GAAP diluted net loss per share attributable to Weibo's ordinary shareholders for the third quarter of 2014 was $0.01, compared to a non-GAAP diluted net loss of $0.03 per share for the same period last year.

"I'm delighted that Weibo reported another quarter of strong financial performance," stated Gaofei Wang, Weibo's CEO. "On the operational front, we are taking meaningful steps in growing Weibo's user base and engagements, as well as refining formats and improving relevance of our advertising products. In addition, we have made significant progress in expanding the scale of our payment system, building a solid foundation for long term growth of the social commerce eco-system on Weibo."

Business Outlook

For the fourth quarter of 2014, Weibo estimates that its net revenues to be between $102 million and $105 million. This forecast reflects Weibo's current and preliminary view, which is subject to change.

Comments & Business Outlook

Fri, 15 Aug 2014 04:00:00 GMT

Second Quarter 2014 Financial Results

Net revenues increased 105% year over year to $77.3 million.
Non-GAAP net loss attributable to Weibo's ordinary shareholders decreased 56% year over year to $4.9 million, or $0.03 non-GAAP diluted net loss per share attributable to Weibo's ordinary shareholders $0.08 from last years same Quarter.

"I'm happy that we were able to deliver strong financial results for the first quarter after Weibo's IPO. In May 2014, we launched our native ad products to brand advertising customers and began to implement our payment solutions to drive social commerce on Weibo. With these initiatives we are laying solid groundwork for our future growth," stated Gaofei Wang, Weibo's CEO. "At the same time growing user scale and activities remains our top priority. During the second quarter, we built new product experiences that integrate Weibo with TV shows and other live events. We believe the innovation will ultimately create great value for TV stations, brand advertisers as well as Weibo through greater engagements and live reach among TV audience. Going forward, we will continue to focus on enhancing user experience through product innovation."

Business Outlook

For the third quarter of 2014, Weibo estimates that its net revenues to be between $79 million and $82 million. This forecast reflects Weibo's current and preliminary view, which is subject to change.

Comments & Business Outlook

Thu, 22 May 2014 04:00:00 GMT

First Quarter 2014 Financial Results

Net revenues increased 161% year over year to $67.5 million.
Non-GAAP diluted net loss per share for the first quarter of 2014 was $0.03, compared to a non-GAAP diluted net loss of $0.13 per share for the same period last year.

"Weibo's IPO in five years from inception exemplifies the strong technology and media know how of our team. We are delighted to report robust traffic and revenue growth in the first quarter of 2014," stated Gaofei Wang, Weibo CEO. "During the first quarter, we leveraged the chains of media events and fine-tuned our operations and products to improve social information distribution and discovery, resulting in Weibo's MAU growing 11% sequentially and further solidifying Weibo as a leading social media in China. On top of Weibo's traffic acceleration, Weibo's net revenues grew 161% year over year. In May, we rolled out promoted feeds for brand advertisers, further diversifying Weibo's revenue stream." -

Business Outlook

For the second quarter of 2014, Weibo estimates that its net revenues to be between $74 million and $76 million. This forecast reflects Weibo's current and preliminary view, which is subject to change.