Weibo Corporation Intrinsic Value – WEIBO CORPORATION Reports Second Quarter FY2023 Earnings Results on June 30 2023
August 31, 2023
🌥️Earnings Overview
On June 30th 2023, WEIBO CORPORATION ($NASDAQ:WB) reported second-quarter earnings for FY2023 with total revenue of USD 440.2 million, a 2.2% drop from the same period the previous year. Net income, however, had risen 187.6%, amounting to USD 81.4 million, compared to the same period in the prior year.
Share Price
WEIBO CORPORATION, a leading technology company specializing in online media, reported second quarter FY2023 earnings results on June 30 2023. The company saw its stock price increase by 3.2%, from a prior closing price of 13.3, opening at $13.8 and closing at $13.7. Overall, WEIBO CORPORATION reported strong second quarter FY2023 earnings results, which saw the stock price increase by 3.2% from the prior closing price. The company’s revenue and net income saw significant growth year-over-year and the company’s total assets also increased from the prior year quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Weibo Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.76k | 306.66 | 22.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Weibo Corporation. More…
| Operations | Investing | Financing |
| 564.1 | -33.01 | -91.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Weibo Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.88k | 3.69k | 13.28 |
Key Ratios Snapshot
Some of the financial key ratios for Weibo Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.2% | 1.1% | 24.3% |
| FCF Margin | ROE | ROA |
| 20.9% | 8.2% | 3.9% |
Analysis – Weibo Corporation Intrinsic Value
After analyzing the fundamentals of WEIBO CORPORATION, our proprietary Valuation Line suggests that the intrinsic value of the share is around $26.1. This indicates that the stock is currently trading at $13.7, making it undervalued by 47.6%. At GoodWhale, we believe that this discrepancy presents a good opportunity for investors who are looking to buy the stock for a relatively low price. Our analysis suggests that if the stock is bought at current prices and held long-term, it could yield a healthy return on investment. We advise investors to consider WEIBO CORPORATION as a potential investment option and to do their own research before investing. More…
Summary
WEIBO Corporation released their second quarter earnings for FY2023, reporting total revenue of USD 440.2 million, a slight decline from the same period last year.
However, net income saw a strong increase of 187.6%, rising to USD 81.4 million. On the news, the stock price of WEIBO Corporation rose significantly. Investors may be interested in this stock, as it has potential for strong growth in the coming quarters. The company must find ways to increase their revenue while maintaining their impressive profitability.
In addition, investors should keep an eye on any potential developments in the company’s industry that could affect their performance.
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