Weibo Corp Class A (HK:9898) has released an update.
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Weibo Corporation reported a solid performance in the third quarter of 2024, with net revenues reaching $464.5 million, marking a 5% year-over-year growth. The company’s advertising business showed stability, boosted by demand during the Summer Olympics, while their value-added services saw a 25% increase in revenue. Weibo’s user engagement remained strong, with 587 million monthly active users and 257 million daily active users.
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