The earnings call highlighted Weibo's growth in MAUs and revenue, with significant impacts from the Olympics and strong performance in VAS. However, challenges persist in the consumer market and specific sectors like luxury and real estate. Overall, the highlights slightly outweigh the lowlights.

Company Guidance

During the third quarter earnings call for Weibo (9898.HK), the company provided guidance on several key metrics. Weibo's Monthly Active Users (MAU) reached approximately 587 million with Daily Active Users (DAU) at about 257 million, showing an improved DAU to MAU ratio due to a focus on high-quality user acquisition. Total revenue for the quarter was USD 464.5 million, a 5% year-over-year increase, with advertising revenue at USD 398.6 million, up 2%, and Value-Added Services (VAS) revenue at USD 65.9 million, up 25%. The company's non-GAAP operating income was USD 164.5 million, reflecting a non-GAAP operating margin of 35%. The quarter's performance was bolstered by strategic marketing initiatives capitalizing on Olympic trends and product monetization efforts, with the Paris Olympics driving a significant increase in ad revenue compared to previous events.

Increase in Monthly Active Users (MAU)

In September, Weibo's MAU reached approximately 587 million, and the average daily user count reached approximately 257 million, showing improvement due to a revised user acquisition strategy.

Revenue Growth

Weibo's total revenue in the third quarter reached USD 464.5 million, up 5% year-over-year. Ad revenue was USD 398.6 million, up 2% year-over-year, and VAS revenue reached USD 65.9 million, up 25% year-over-year.

Olympics Impact

The Olympic-related topics on Weibo surpassed 400 billion views with over 400 million discussions. Ad revenue from the Paris Olympics set a historical high for Weibo's event-based sales, significantly surpassing that of the Tokyo Olympics.

Strong VAS Performance

VAS revenue increased by 25%, primarily driven by membership and game-related services, demonstrating robust user demand for value-added services.

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Weibo Corp (DE:2WBA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:2WBA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 08, 2018	2018 (Q2)	- / 0.66	0.369	78.95% (+0.29)	―	―
Nov 28, 2018	2018 (Q3)	- / 0.73	0.495	47.06% (+0.23)	―	―
Mar 05, 2019	2018 (Q4)	- / 0.78	0.621	25.00% (+0.16)	―	―
May 23, 2019	2019 (Q1)	- / 0.54	0.485	12.00% (+0.06)	―	―
Aug 19, 2019	2019 (Q2)	- / 0.66	0.66	0.00% (0.00)	―	―
Nov 14, 2019	2019 (Q3)	- / 0.75	0.728	2.67% (+0.02)	―	―
Feb 26, 2020	2019 (Q4)	- / 0.75	0.777	-3.75% (-0.03)	―	―
May 19, 2020	2020 (Q1)	- / 0.29	0.544	-46.43% (-0.25)	―	―
Sep 28, 2020	2020 (Q2)	- / 0.49	0.66	-26.47% (-0.17)	―	―
Dec 28, 2020	2020 (Q3)	- / 0.64	0.748	-14.29% (-0.11)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:2WBA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 19, 2024	€8.00	€8.45	+5.62%
Aug 22, 2024	€7.00	€6.90	-1.43%
May 23, 2024	€8.15	€8.05	-1.23%
Mar 14, 2024	€8.09	€7.91	-2.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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