Business
Weibo Announces First Quarter 2026 Unaudited Financial Results
Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.
About this update from Weibo Corp Class A
[{"type":"text","content":"BEIJING, May 28, 2026 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.","length":256,"tagName":"p"},{"type":"text","content":""We are pleased with the first quarter results," said Gaofei Wang, CEO of Weibo. "On the user and product front, we optimized the homepage feed consumption experience and enhanced supply and distribution of quality video content, driving user retention and engagement on our platform. On the content ecosystem front, we enhanced user content consumption efficiency and engagement by improving the quality of trending content, deepening community interaction, and strengthening AI-powered search capabilities. On the monetization front, our advertising business exhibited stabilized trend in the first quarter. We continued to expand our unique content marketing approach across more industries and clients, while leveraging AI to systematically improve advertising conversion effectiveness."","length":811,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Highlights ","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net revenues were US$421.3 million, an increase of 6% year-over-year or an increase of 1% year-over-year on a constant currency basis [1].","length":143,"tagName":"p"}]},{"val":[{"type":"text","content":"Advertising and marketing revenues were US$369.8 million, an increase of 9% year-over-year or an increase of 3% year-over-year on a constant currency basis [1].","length":160,"tagName":"p"}]},{"val":[{"type":"text","content":"Value-added services ("VAS") revenues were US$51.6 million, a decrease of 11% year-over-year or a decrease of 15% year-over-year on a constant currency basis [1].","length":172,"tagName":"p"}]},{"val":[{"type":"text","content":"Income from operations was US$110.9 million, representing an operating margin of 26%.","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income attributable to Weibo's shareholders was US$34.7 million and diluted net income per share was US$0.14.","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"Non-GAAP income from operations was US$119.8 million, represent...