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Weibo Ad Revenue And MAUs Drop In Q4, Stock Slides
WBWB(WB) Benzinga·2025-03-13 18:32

Core Insights - Weibo Corp reported a fiscal fourth-quarter revenue decline of 1% year-on-year to 456.83million,surpassinganalystconsensusestimatesof456.83 million, surpassing analyst consensus estimates of 437.87 million [1] - The company's adjusted EPS of 40 cents exceeded the analyst consensus estimate of 39 cents [1] - Advertising and marketing revenues decreased by 4% year-on-year to 385.9million,primarilyduetotheunderperformanceoftheonlinegamesector[1]Valueaddedservice(VAS)revenuesincreasedby18385.9 million, primarily due to the underperformance of the online game sector [1] - Value-added service (VAS) revenues increased by 18% year-on-year to 71.0 million, driven by growth in membership services and game-related revenues [2] - Monthly active users (MAUs) were 590 million in December 2024, a slight decrease from 598 million year-on-year, while average daily active users (DAUs) increased to 260 million from 257 million year-on-year [2] - The adjusted operating margin declined by 100 basis points to 30%, with profits falling 6.7% year-on-year [2] - As of December 31, 2024, Weibo held 2.4billionincashandequivalents,generating2.4 billion in cash and equivalents, generating 244.0 million in operating cash flow during the quarter [3] - The board of directors declared a cash dividend of 0.82perADSandanannualdividendpayoutof0.82 per ADS and an annual dividend payout of 200 million for fiscal 2024 [3] - WB stock is down 2.60% at $10.48 as of the last check [3]