Weibo Corp-ADR · Q3 2025 earnings

Briefing

Weibo Q3 revenue dips 5% to $442M but equity gains lift GAAP net income to $221M

Weibo Corporation reported third-quarter 2025 net revenues of $442.3 million, down 5% year over year (4% on a constant-currency basis), with advertising and marketing revenue falling 6% to $375.4 million while value-added services revenue rose 2% to $66.9 million. Income from operations was $117.3 million (27% margin) versus $141.3 million (30%) a year ago; non-GAAP operating income was $132.0 million (30% margin). GAAP net income attributable to shareholders surged to $221.1 million ($0.83 diluted EPS), boosted by $163.4 million of non-operating income including equity method gains from a fund investment. Non-GAAP net income was $110.7 million ($0.42 diluted EPS). MAUs reached 578 million and average DAUs were 257 million in September 2025.

• Net revenues declined 5% YoY to $442.3M; ad revenue fell 6% to $375.4M while VAS grew 2% to $66.9M
• Operating income was $117.3M (27% margin); non-GAAP operating income $132.0M (30% margin)
• GAAP net income jumped to $221.1M ($0.83 EPS) on $163.4M non-operating gains; non-GAAP net income $110.7M ($0.42 EPS)
• Intelligent search and AI ad tech investments continued; homepage feed revamp completed
• 578M MAUs and 257M average DAUs in September 2025; cash and short-term investments totaled $2.04B

Headline financials

Revenue & EPS history