Weibo Reports Strong 2024 Financial Results and Declares $200 Million Dividend

An update from Weibo Corp Class A ( (HK:9898) ) is now available.

Weibo Corporation announced its unaudited financial results for Q4 and fiscal year 2024, highlighting a solid performance with an operating margin of 28% and a non-GAAP operating margin of 33%. The company reported net revenues of $456.8 million, with advertising and marketing revenues at $385.9 million and value-added services revenues increasing by 18% year-over-year. Weibo’s board approved an annual dividend payout of $200 million, reflecting its commitment to enhancing shareholder returns.

More about Weibo Corp Class A

Weibo Corporation is a leading social media platform in China, known for its focus on user acquisition and engagement, as well as its robust content ecosystem. The company has invested in vertical content and AI-empowered content systems, with a strong emphasis on advertising and value-added services.

YTD Price Performance: 13.71%

Average Trading Volume: 84,598

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$21.46B

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