NASDAQ$WB
Weibo Corp-ADR · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Weibo reported a slight decline in revenue but strong growth in value-added services in Q4 2024.
Weibo's Q4 2024 revenue declined by 1% year-over-year to $456.8 million, with a decrease in advertising revenue but strong growth in value-added services. Net income was significantly lower compared to the previous year, though non-GAAP earnings showed improvement. The company's operational efficiency remained strong, maintaining a 26% operating margin.
- Total revenue was $456.8 million, down 1% YoY.
- Net income fell to $8.9 million from $83.2 million in Q4 2023.
- Non-GAAP net income rose to $106.6 million, up from $76.4 million YoY.
- Value-added services revenue increased 18% YoY to $71.0 million.
Headline financials
Revenue & EPS history
Weibo · Revenue · Quarterly
$457M
Revenue by segment
Weibo · $421M total across 2 segments · Q1 2026
- Advertising and marketing$370M+9.1%87.8%
- Value-added services$51.6M-10.6%12.2%
Forward guidance
Weibo expects continued focus on high-quality user acquisition and expansion of value-added services to drive future growth.
Tailwinds
- Growth in value-added services, including memberships and gaming.
- Continued investment in AI-empowered content ecosystems.
- Stable advertising revenue trends despite market challenges.
- Operational efficiency improvements to sustain profitability.
- Commitment to shareholder returns, including a $200 million annual dividend.
Headwinds
- Decline in advertising revenue, especially from the gaming sector.
- Lower net income compared to the prior year.
- Potential regulatory challenges in China’s digital advertising space.
- Intensifying competition in the social media and content platform market.
- Macroeconomic conditions may impact future revenue growth.
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 Q4 2024
-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
| Quarter | Report date | Reaction (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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