WEIBO CORPORATION ($NASDAQ:WB)’s total revenue for the second quarter of FY2023, ending on June 30th 2023, was USD 440.2 million, a 2.2% decline compared to the same quarter of the preceding year. However, its reported net income increased by 187.6%, reaching USD 81.4 million.
On Thursday, June 30th 2023, WEIBO CORPORATION reported their second quarter fiscal year 2023 earnings results. WEIBO CORPORATION stock opened at $13.8 and closed at $13.7, up by 3.2% from the previous closing price of 13.3. This significant change in stock prices is a reflection of the company’s strong performance in the second quarter. The positive financial results can be attributed to WEIBO CORPORATION’s strategic decision to focus on expanding their user base in the Chinese market and increasing their presence in the international market.
These business-savvy decisions allowed the company to grow their user base by 10% over the past year and increased their global market share by 4%. The strong second quarter earnings for WEIBO CORPORATION demonstrate the company’s commitment to delivering innovative products and services that are in line with customer needs and demands. As a result, shareholders can have confidence that their investment will continue to yield positive returns. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Weibo Corporation. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Weibo Corporation. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Weibo Corporation are shown below. More…
Income Statement Ratios
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As GoodWhale, we have conducted an analysis of WEIBO CORPORATION‘s financials. Through our Star Chart, we found that WEIBO CORPORATION has a high health score of 9/10, indicating that it is capable of paying off debt and funding future operations. Additionally, WEIBO CORPORATION is strong in terms of profitability, and has a medium rating in asset, dividend, and growth. Based on these factors, we have classified WEIBO CORPORATION as a ‘cow’, a company with a track record of paying out consistent and sustainable dividends. This makes WEIBO CORPORATION an attractive investment opportunity for investors who are looking for dependable dividend income. It is also likely to be of interest to those who are looking for reliable stocks with a history of stable and consistent returns. Furthermore, WEIBO CORPORATION’s strong profitability could make it an attractive choice for investors who are looking for capital growth potential. More…
Risk Rating Analysis
Star Chart Analysis
WEIBO CORPORATION reported its earnings results for the second quarter of FY2023, ending on June 30th 2023. The company’s total revenue decreased by 2.2%, to USD 440.2 million, while its reported net income rose by 187.6%, to USD 81.4 million. This positive news drove the stock price of WEIBO CORPORATION up on the same day. Investors are encouraged to take a closer look at the company’s financials and consider whether WEIBO CORPORATION is a good investment opportunity.
However, it is important to remember that past performance is not a guarantee of future returns.