Weibo Corp Class A (HK:9898)
:9898
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Weibo Corp Class A
(9898)
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Rating:68Neutral
Price Target:
HK$65.00
▼(-15.03% Downside)
Action:Reiterated
Date:06/12/26
The score is driven by solid financial performance (strong margins and cash flow, improving leverage) and very attractive valuation (low P/E, high dividend). Offsetting these are weak technicals (downtrend across key moving averages) and a mixed earnings outlook with user softness and margin pressure despite improving ad performance and video/AI momentum.
Positive Factors
Cash generation
Consistent positive operating and free cash flow gives Weibo durable internal funding to support product investment, dividends (~$150M annual payout), and balance‑sheet flexibility. That cash buffer strengthens resilience through ad cycles and funds long‑term AI/video initiatives without heavy external financing.
Negative Factors
Revenue decline
A sustained multi‑year revenue decline, including a sharp 2025 drop, undermines the durability of monetization. Shrinking top‑line limits the payoff from fixed‑cost leverage, constrains reinvestment returns, and raises risk that margin and cash strengths cannot fully offset weakening advertiser demand over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating and free cash flow gives Weibo durable internal funding to support product investment, dividends (~$150M annual payout), and balance‑sheet flexibility. That cash buffer strengthens resilience through ad cycles and funds long‑term AI/video initiatives without heavy external financing.
Read all positive factors
Weibo Corp Class A (9898) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$13.91B
Dividend Yield8.13%
Average Volume (3M)270.08K
Price to Earnings (P/E)4.5
Beta (1Y)1.50
Revenue Growth1.60%
EPS Growth4.87%
CountryHK
Employees4,982
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)1.57
Shares Outstanding157,850,560
10 Day Avg. Volume312,234
30 Day Avg. Volume270,085
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.68
Price to Sales (P/S)1.53
P/FCF Ratio5.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$72.93Price Target Upside-4.67% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)11.05
Revenue Forecast (FY)HK$14.15B
Weibo Corp Class A Business Overview & Revenue Model
Company Description
Weibo Corporation operates a prominent social media platform in the People's Republic of China, offering users a dynamic online environment for generating, sharing, and discovering content. Its operations are bifurcated into two main segments: Adv...
How the Company Makes Money
Weibo primarily generates revenue by monetizing traffic and engagement on its platform through advertising and marketing services, and through value-added services. Advertising and marketing services typically include the sale of ad inventory and ...
Weibo Corp Class A Earnings Call Summary
Earnings Call Date:May 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 13, 2026
Earnings Call Sentiment Neutral
The call presented a mix of positive execution and emerging momentum (revenue and ad growth, video and AI traction, strong cash) while acknowledging notable near‑term challenges (modest MAU decline, VAS/gaming revenue drop, cost increases and margin compression, and sector‑specific advertiser pressure). Management emphasizes product optimizations and AI investments to drive retention and monetization, but near‑term uncertainties and investment‑driven margin pressure balance the positives.Positive Updates
Revenue and Advertising Growth
Total net revenues of $421.3M, up 6% year‑over‑year (1% constant currency); advertising revenues $369.8M, up 9% year‑over‑year (3% constant currency).
Negative Updates
MAU Decline and User Base Transition
Monthly active users were 562M in March 2026 and are described as in modest decline year‑over‑year and quarter‑over‑quarter, attributed to strategic channel rationalization and product transition; MAU headwinds remain a near‑term concern despite modest DAU improvement quarter‑over‑quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and Advertising Growth
Total net revenues of $421.3M, up 6% year‑over‑year (1% constant currency); advertising revenues $369.8M, up 9% year‑over‑year (3% constant currency).
Read all positive updates
Company Guidance
Management guided that 2026 priorities are improving user retention and building a higher‑quality, sustainable growth framework: March MAUs were 562 million and average DAUs 254 million (MAUs modestly down YoY and QoQ; DAUs slightly up QoQ). Financially Q1 net revenues were $421.3M (+6% YoY; +1% cc), ad revenues $369.8M (+9% YoY; +3% cc), non‑GAAP operating income $119.8M (non‑GAAP operating margin 28% vs. 33% a year ago), net income $91.9M (net margin 22%), diluted EPS $0.34, total costs $301.5M (+13%), VAS $51.6M (-11% YoY; -15% cc), cash & short‑term investments $2.59B (vs. $2.41B at 12/31/25), operating cash flow $164M, capex $11.9M, D&A $15.5M, and an annual cash dividend totaling ~ $150M (≈ $0.61 per ADS). Product and monetization guidance emphasizes video as a key 2026 time‑spent and retention driver after double‑digit YoY growth in total and per‑capita video playback time, double‑digit YoY growth in top‑tier accounts posting original videos and in original video counts, YoY gains in Super Topics DAUs and engaged users, expanded AI integration (AI creators ~3,000 producing ~8,000 AI pieces; AI content/creative boosting ad material consumption to ~40% and driving double‑digit eCPM gains in information feeds), while near‑term ad demand is mixed by vertical and investments will be paced with ROI discipline.Weibo Corp Class A Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
70
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.76B | 1.76B | 1.75B | 1.76B | 1.84B | 2.26B |
| Gross Profit | 1.38B | 1.34B | 1.39B | 1.39B | 1.44B | 1.85B |
| EBITDA | 544.34M | 523.91M | 552.83M | 695.15M | 545.34M | 676.73M |
| Net Income | 372.08M | 449.02M | 300.80M | 342.60M | 85.56M | 428.32M |
Balance Sheet | ||||||
| Total Assets | 6.54B | 7.09B | 6.50B | 7.28B | 7.13B | 7.52B |
| Cash, Cash Equivalents and Short-Term Investments | 2.11B | 2.40B | 2.35B | 3.23B | 3.17B | 3.13B |
| Total Debt | 1.86B | 1.91B | 1.91B | 2.71B | 2.48B | 2.49B |
| Total Liabilities | 2.86B | 3.08B | 2.93B | 3.76B | 3.74B | 3.83B |
| Stockholders Equity | 3.60B | 3.92B | 3.48B | 3.40B | 3.33B | 3.59B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 477.11M | 578.43M | 636.05M | 367.40M | 646.39M |
| Operating Cash Flow | 0.00 | 519.48M | 639.90M | 672.82M | 564.10M | 814.02M |
| Investing Cash Flow | 0.00 | 66.62M | -246.90M | -736.85M | -33.01M | -423.96M |
| Financing Cash Flow | 0.00 | -227.29M | -1.03B | 21.69M | -91.14M | 189.44M |
Weibo Corp Class A Technical Analysis
Negative
76.50
Price Trends
63.34
Negative
67.32
Negative
74.02
Negative
Market Momentum
-1.80
Positive
32.91
Neutral
16.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9898, the sentiment is Negative. The current price of 76.5 is above the 20-day moving average (MA) of 59.84, above the 50-day MA of 63.34, and above the 200-day MA of 74.02, indicating a bearish trend. The MACD of -1.80 indicates Positive momentum. The RSI at 32.91 is Neutral, neither overbought nor oversold. The STOCH value of 16.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9898.
Weibo Corp Class A Risk Analysis
Weibo Corp Class A disclosed 113 risk factors in its most recent earnings report. Weibo Corp Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Weibo Corp Class A Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$3.80T | 14.17 | 19.90% | 0.75% | 14.96% | 21.57% | |
68 Neutral | HK$13.91B | 4.54 | 9.89% | 8.13% | 1.60% | 4.87% | |
68 Neutral | HK$184.00B | 9.03 | 22.83% | ― | 12.58% | 17.25% | |
62 Neutral | HK$2.39B | 8.92 | 6.72% | 4.08% | -25.20% | 33.72% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | HK$1.59B | -2.67 | -4.79% | ― | -19.31% | -2719.11% | |
46 Neutral | HK$19.44B | -22.30 | -4.23% | ― | -9.16% | -273.98% |
* Communication Services Sector Average
HK:9898
Weibo Corp Class A
56.60
-15.54
-21.54%
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421.40
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-16.90%
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Kuaishou Technology Class B
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Zhihu, Inc. Class A
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Weibo Corp Class A Corporate Events
Weibo Posts Revenue Growth and Strong Margins on Stabilizing Ads in Q1 2026
May 28, 2026
Weibo reported unaudited first-quarter 2026 results showing net revenues of US$421.3 million, up 6% year over year, driven primarily by a 9% rise in advertising and marketing revenues to US$369.8 million, while value-added services declined 11% to...
Weibo Shareholders Approve All Resolutions at 2026 Annual General Meeting
May 27, 2026
Weibo Corporation announced that all resolutions proposed in its notice of the 2026 Annual General Meeting of Shareholders were duly approved at the meeting held on May 27, 2026. The passage of all resolutions signals shareholder support for the c...
Weibo Sets May 28 Date to Release and Discuss Q1 2026 Results
Apr 27, 2026
Weibo Corporation has scheduled a board meeting for May 27, 2026, in Hong Kong to review and approve its unaudited financial results for the first quarter ended March 31, 2026. The company plans to publish the Q1 2026 figures on May 28, 2026, afte...
Weibo Sets April 27, 2026 Record Date for AGM Shareholder Voting
Apr 13, 2026
Weibo Corporation has set April 27, 2026, as the record date in Hong Kong for determining which holders of its Class A and Class B ordinary shares may attend and vote at its forthcoming annual general meeting. Share transfers and related documents...
Weibo Sets May 27 AGM to Reaffirm Key Board Appointments
Apr 13, 2026
Weibo Corporation has called its annual general meeting for May 27, 2026, in Hong Kong, inviting holders of its dual-class ordinary shares and American Depositary Shares as of the April 27 record dates to attend and vote. The agenda focuses on the...
Weibo Posts Modest Growth for Q4 2025 and Declares US$150 Million Dividend
Mar 18, 2026
Weibo Corporation reported unaudited financial results for the fourth quarter and full year 2025, highlighting modest revenue growth and stable user metrics. The platform reached 567 million monthly active users and 252 million daily active users ...
Weibo Declares Final Cash Dividend of USD 0.61 Per Share for 2025
Mar 18, 2026
Weibo Corporation has declared a final ordinary cash dividend of USD 0.61 per share for the financial year ended 31 December 2025, payable in U.S. dollars to shareholders on its Hong Kong register. The ex-dividend date is set for 16 April 2026, wi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.