Weibo Corp (ADR) (OQ:WB)
Business Focus: Social Media & Networking
| Sector: Technology | Industry: Internet Services |
| Company Contact | |
| Address: | 7/F, Shuohuang Development Plaza No.6 Caihefang Road Haidian District BEIJING BEJ 100027 |
| Tel: | N/A |
| Website: | ir.weibo.com |
| IR: | See website |
| Key People | ||
| Guowei Chao Chairman of the Board | Gaofei Wang Chief Executive Officer, Director | Fei Cao Chief Financial Officer |
| Wei Wang Chief Operating Officer | Zenghui Cao Senior Vice President, Operation | Jingdong Ge Senior Vice President - Advertising Business |
| Business Overview |
| Weibo Corp is a China-based company mainly engaged in social media advertising business. The Company operates two segments. Advertising and Marketing segment mainly provides a full range of advertising customization and marketing solutions. Value-added Services segment mainly provides services such as membership services on social platforms, online games, live broadcasts, social e-commerce and others. The Company's main product is the social platform Weibo. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Weibo Corp (ADR) revenues decreased 4% to $1.76B. Net income increased from $85.6M to $342.6M. Revenues reflect Advertising & Marketing segment decrease of 4% to $1.53B, Value-added services segment decrease of 6% to $225.8M. Basic Earnings per Share excluding Extraordinary Items increased from $0.36 to $1.45. |
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