Weibo Corp ( (WB) ) has released its Q4 earnings. Here is a breakdown of the information Weibo Corp presented to its investors.
Weibo Corporation is a prominent social media platform in China, providing a space for users to create, share, and discover content online, while offering advertising and marketing solutions to businesses of all sizes.
Weibo Corporation recently released its unaudited financial results for the fourth quarter and fiscal year 2024, showcasing a stable performance amidst a challenging market environment. The company also announced an annual dividend payout, reflecting its commitment to enhancing shareholder value.
In the fourth quarter of 2024, Weibo reported net revenues of $456.8 million, a slight decrease of 1% year-over-year. Advertising and marketing revenues saw a 4% decline, attributed to the underperformance in the online gaming sector. However, value-added services (VAS) revenues increased by 18%, driven by growth in membership services and game-related revenues. The company maintained a solid operating margin of 26% and a non-GAAP operating margin of 30%.
For the full fiscal year 2024, Weibo’s net revenues were $1.75 billion, remaining relatively flat compared to the previous year. The advertising and marketing segment experienced a 2% decline, while VAS revenues grew by 13%. The company achieved an operating margin of 28% and a non-GAAP operating margin of 33%. Weibo’s board declared a cash dividend of $0.82 per share, amounting to $200 million in total dividends for the year.
Looking ahead, Weibo’s management remains focused on optimizing its content ecosystem and enhancing user engagement. The company aims to leverage its strong cash flow and profitability to drive future growth and continue delivering value to its shareholders.