Weibo Corp Class A (HK:9898) has released an update.
Weibo Corporation reported a decrease in net revenues by 4% year-over-year to $395.5 million in Q1 2024, with advertising and marketing revenues also falling by 5%. Despite the revenue downturn, the company maintains a solid operating margin with income from operations at $99.7 million. The social media giant also boasts 588 million monthly active users and 255 million daily active users as of March 2024.
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