NASDAQ$WB

Weibo Corp-ADR · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Weibo Q1 2025: revenue flat at $397M, non-GAAP operating margin 33%

Weibo Corporation reported first-quarter 2025 results for the period ended March 31, 2025, with net revenues of $396.9 million, flat year over year but up 1% on a constant-currency basis. Advertising and marketing revenue was $339.1 million, also flat, while value-added services revenue grew 2% to $57.7 million. Income from operations was $110.3 million with a 28% operating margin; non-GAAP income from operations was $129.5 million with a 33% margin. Net income attributable to Weibo shareholders was $107.0 million, or $0.41 per diluted share, compared with $49.4 million a year ago. Monthly active users reached 591 million and average DAUs were 261 million in March 2025.

  • Net revenues of $396.9M flat y/y (+1% constant currency); ad revenue $339.1M, VAS revenue $57.7M (+2%)
  • Operating income $110.3M (28% margin); non-GAAP operating income $129.5M (33% margin)
  • Net income attributable to shareholders $107.0M; diluted EPS $0.41 vs $0.19 prior year
  • MAUs reached 591M and average DAUs 261M in March 2025; Weibo Intelligent Search rolled out to all users
  • Alibaba-related ad revenue surged 89% to $42.6M; non-Alibaba ad revenue declined 6% on sector mix

Headline financials

Total Revenue

$397M

Previous: $395M+0.3%
EPS (adj)

$0.45

Previous: $0.41+9.8%
Non-GAAP operating margin

33.0%

No prior period
Monthly Active Users

591.0M

No prior period
Average Daily Active Users

261.0M

No prior period
Net Income

$107M

Previous: $49.4M+116.4%
Operating Income

$110M

Previous: $99.7M+10.6%
Cash & Equivalents

$1.21B

No prior period

Revenue & EPS history

Weibo · Revenue · Quarterly

$397M

Q1 2025+0.3%vs Q1 2024
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Weibo · $397M total across 2 segments · Q1 2025

  • Advertising and marketing
    $339M
  • Value-added services
    $57.7M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.4%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.7%

Avg return

30 days after

40%

20 / 50 earnings

Positive

+18.9%

Q1 2017

Best reaction

-17.5%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%-0.5%
Q4 2026-9.3%+0.3%-1.2%
Q3 2025+0.0%-3.1%+1.8%
Q2 2025+11.3%+9.0%+19.2%
Q1 2025+4.4%+11.3%+11.5%
Q4 2024-3.2%+0.8%-29.4%
Q3 2024+7.9%+4.8%+15.7%
Q2 2024-1.5%-3.9%-3.3%
Q1 2024-1.1%+0.2%-7.7%
Q4 2023+2.2%-4.0%-21.3%
Q3 2023-6.7%-3.7%-20.6%
Q2 2023-5.9%+0.4%-7.5%
Q1 2023-4.8%-11.8%-16.9%
Q4 2022-6.2%-11.4%-3.0%
Q3 2022-2.8%-7.5%+18.8%
Q2 2022-8.0%-12.3%-17.4%
Q1 2022-4.5%+6.2%+10.1%
Q4 2021-6.0%-8.4%-6.6%
Q3 2021+5.1%+0.2%-28.2%
Q2 2021+2.7%+10.3%+9.7%
Q1 2021-0.0%+2.1%+3.3%
Q4 2020+3.6%+4.1%-1.9%
Q3 2020-10.6%-7.5%+13.7%
Q2 2020+3.4%+18.5%+27.5%
Q1 2020-6.2%-18.4%-4.0%
Q4 2019-5.5%-1.8%-22.7%
Q3 2019-17.5%-21.0%-17.5%
Q2 2019+13.8%+6.9%+32.2%
Q1 2019-14.7%-16.0%-15.5%
Q4 2018-7.0%-15.0%-5.0%
Q3 2018+1.1%+12.9%-0.4%
Q2 2018-4.0%-7.9%-12.6%
Q1 2018-11.9%-15.8%-16.8%
Q4 2017+18.0%+13.9%+13.0%
Q3 2017+9.8%+6.0%+1.5%
Q2 2017-4.7%-0.5%+21.5%
Q1 2017+18.9%+24.5%+14.4%
Q4 2016-15.8%-11.4%-14.3%
Q3 2016+10.6%+10.8%-3.6%
Q2 2016+16.6%+19.1%+37.2%
Q1 2016-1.6%
Q4 2015+8.1%
Q3 2015+5.4%
Q2 2015+2.3%
Q1 2015-1.1%
Q4 2012-2.1%
Q4 2013-2.1%
Q4 2014+3.2%
Q3 2014-6.5%
Q2 2014+3.5%
Q1 2014
Q3 2013
Q2 2013
Q1 2013

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