2021-11-11-SEC-微博2021Q3财报_11页_675kb

Weibo Corporation announced its unaudited financial results for the third quarter of 2021, ending September 30, 2021. The company reported a solid quarter driven by user growth and revenue expansion.

Key financial highlights:

• Net revenues reached $607.4 million, a 30% year-over-year increase.
• Advertising and marketing revenues grew by 29% to $537.6 million.
• Value-added service revenues increased by 42% to $69.8 million.
• Income from operations rose by 32% to $213.0 million, with a 35% operating margin.
• Net income attributable to Weibo was $181.7 million.
• Monthly active users (MAUs) reached 573 million, with a net annual addition of 62 million.
• The CEO emphasized factors including core social media focus, Olympic effect, and adherence to new regulations.

Business outlook for Q4 indicates net revenues expected to grow 15-20% year-over-year on a constant currency basis.

Weibo faced increased costs and expenses, including higher personnel and marketing spending, and noted risks such as regulatory changes, user growth challenges, and competition.

Conference call details are available for further discussion.