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WB - Weibo Corporation

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Weibo Corporation

WB

NASDAQ

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express, as well as promoted trends and search products that appear alongside user's trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product solutions to MCNs, unions, and e-commerce partners; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation is a subsidiary of Sina Corporation.

9.73 USD

0.36 (3.7%)

WB Financial Statements

Year

2023

2022

2021

2020

Total Revenue

1.76B

1.84B

2.26B

1.69B

Cost of Revenue

374.28M

400.58M

403.84M

302.18M

Gross Profit

1.39B

1.44B

1.85B

1.39B

Operating Expenses

912.62M

945.1M

1.16B

880.95M

Research and Development

333.63M

415.19M

430.67M

324.11M

Selling, General & Administrative Expenses

579M

529.91M

725.16M

556.84M

Selling & Marketing Expenses

461.42M

477.11M

591.68M

455.62M

General & Administrative Expenses

117.57M

52.81M

133.47M

101.22M

Other Expenses

0

-49.04M

9.16M

5M

Operating Income

472.93M

816.01M

697.41M

506.8M

Total Other Income/Expenses Net

29.85M

-352.38M

-146.69M

-130.88M

Income Before Tax

502.78M

128.09M

550.72M

375.91M

Income Tax

145.29M

30.28M

138.84M

61.32M

Net Income

342.6M

85.56M

428.32M

313.36M

Basic EPS

1.46

0.36

1.87

1.38

EPS Diluted

1.43

0.36

1.86

1.38

Basic Average Shares

235.56M

235.16M

228.81M

226.92M

Diluted Average Shares

239.97M

236.41M

230.21M

227.64M

EBITDA

714.45M

289.91M

668.74M

458.99M

Retained Earning Schedule

Year

2023

2022

2021

2020

Retained Earnings (Previous Year)

2.05B

1.96B

1.53B

1.22B

Net Income

342.6M

85.56M

428.32M

313.36M

Stock Repurchases

0

-66.1M

0

0

Dividend Paid

-200.13M

0

0

0

Retained Earnings

2.19B

2.05B

1.96B

1.53B

Other Distributions

-57.67M

19.46M

428.32M

313.36M

PPE Schedule

Year

2023

2022

2021

2020

Gross PPE

390.93M

249.55M

68.4M

60.63M

Annual Depreciation

91.6M

66.16M

61.23M

36.08M

Capital Expenditure

-36.77M

-196.71M

-167.63M

-34.83M

Net PPE

336.1M

380.11M

174.79M

59.38M

Intangible and Goodwill Schedule

Year

2023

2022

2021

2020

Acquisitions and Adjustments

46.28M

-10.25M

68.69M

32.72M

Goodwill (Previous Year)

120.15M

130.41M

61.71M

28.99M

Goodwill

166.44M

120.15M

130.41M

61.71M

All figures are in USD.

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