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WB

Weibo Corporation

WB

Weibo Corporation • NASDAQ
$9.92 ▲ 0.61% (+0.06)
Market Cap $2.37 B
52w High $12.96
52w Low $7.10
Dividend Yield 0.82%
P/E 5.67
Volume 364.46K
Outstanding Shares 238.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $442.89M ▼ $218.775M ▲ $221.093M ▲ 49.921% ▲ $0.93 ▲ $117.342M ▼
Q2-2025 $444.798M ▲ $195.777M ▼ $125.685M ▲ 28.257% ▲ $0.53 ▲ $145.57M ▲
Q1-2025 $396.855M ▼ $197.743M ▼ $106.964M ▲ 26.953% ▲ $0.45 ▲ $110.31M ▼
Q4-2024 $456.827M ▼ $238.418M ▲ $8.865M ▼ 1.941% ▼ $0.037 ▼ $137.428M ▼
Q3-2024 $464.48M $230.777M $130.567M 28.11% $0.55 $141.322M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.044B ▼ $6.899B ▲ $2.962B ▲ $3.855B ▲
Q2-2025 $2.109B ▲ $6.539B ▼ $2.863B ▼ $3.597B ▲
Q1-2025 $2.084B ▼ $6.659B ▲ $3.151B ▲ $3.432B ▼
Q4-2024 $2.35B ▲ $6.504B ▼ $2.926B ▼ $3.483B ▼
Q3-2024 $2.198B $6.625B $2.947B $3.583B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $125.685M ▲ $0 $0 $0 $0 $0
Q1-2025 $106.964M ▲ $0 $0 $0 $0 $0
Q4-2024 $8.865M ▼ $0 $0 $0 $0 $0
Q3-2024 $130.567M ▲ $0 $0 $0 $0 $0
Q2-2024 $111.931M $0 $0 $0 $0 $0

Revenue by Products

Product Q3-2021Q4-2021
Advertising Marketing
Advertising Marketing
 $0 ▲$440.00M ▲
Valueadded services
Valueadded services
 $0 ▲$70.00M ▲
Advertising And Marketing
Advertising And Marketing
 $470.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has been basically flat to slightly down over the last few years, after peaking earlier in the period. Despite that, Weibo has kept a solid gross margin and stayed consistently profitable, which suggests decent cost control in a slower-growth environment. Profit dipped noticeably in 2022 but bounced back afterward, showing some resilience but also that earnings can be quite sensitive to market conditions and advertising demand. Overall, this is a mature, profitable business with limited topline growth and some volatility in bottom-line results.

Balance Sheet

Balance Sheet The balance sheet shows a business with a sizeable asset base and a meaningful mix of both cash and debt. Cash levels have come down from earlier highs, while debt has also been reduced from its peak, leaving the company with moderate leverage rather than an overly conservative position. Shareholders’ equity has trended upward over time, indicating value accumulation, but not at a dramatic pace. In simple terms, the balance sheet looks sound but not bulletproof, and the company still relies on debt as part of its capital structure.

Cash Flow

Cash Flow Cash generation from operations has been steady and comfortably positive, even in weaker profit years, which is a key strength. Capital spending is relatively light, so most operating cash flow turns into free cash flow, giving Weibo flexibility to handle debt, invest selectively, or return capital if desired. The brief soft patch in cash flow around 2022 appears to have been temporary, with recovery afterward. Overall, the cash flow profile looks reliable and supportive of ongoing operations without heavy reinvestment needs.

Competitive Edge

Competitive Edge Weibo holds a distinctive position as China’s primary open, public-facing social media and real-time discussion platform, which is different from private-messaging apps and purely short-video platforms. Its strength comes from strong network effects, deep user engagement around trending topics, and entrenched brand recognition among users, influencers, and advertisers. However, it operates in a fiercely competitive environment against giants like WeChat and Douyin, and must constantly fight for attention, ad budgets, and relevance with younger users. Regulatory uncertainty in China and shifting user preferences remain important competitive risks, even as its niche in news, entertainment, and public discourse gives it a durable role.

Innovation and R&D

Innovation and R&D Weibo is leaning heavily on artificial intelligence and data analytics to sharpen content recommendations, search, and advertising performance. Its social interest graph, AI-powered search, and recommendation engines are designed to keep users engaged and help advertisers target more effectively, which is central to its business model. The company is also investing in vertical content communities, e-commerce integrations, live streaming, and short-form video to stay current with user behavior and monetize specific interest groups. Strategically, management is focusing on deeper AI integration, richer content ecosystems, and more engaging social features to support long-term growth, though execution and competitive pressure will determine how much benefit it ultimately captures.

Summary

Weibo looks like a mature digital platform: revenue is stable rather than fast-growing, but profits and cash flows are solid and reasonably well managed. The balance sheet is generally healthy, with manageable debt and a history of equity growth, supported by strong and consistent free cash flow. Its main strengths lie in network effects, brand, and its role as a central hub for public conversation in China, while its main challenges are intense competition, regulatory risk, and the need to keep younger users engaged. Continued investment in AI, content verticals, and social features shows a company trying to evolve rather than stand still. Overall, Weibo appears financially stable with a clear strategic direction, but its future trajectory will depend heavily on how well it navigates competition and the fast-changing Chinese internet landscape.