WEIBO CORPORATION Reports Third Quarter Financial Results for 2023
November 21, 2023
🌥️Earnings Overview
On September 30th 2023, WEIBO CORPORATION ($NASDAQ:WB) released their financial results for the third quarter of fiscal year 2023. Total revenue was USD 442.1 million, a 2.5% decrease compared to the same quarter of the previous year. Net income was significantly better than last year’s loss of -17.1 million, amounting to USD 77.5 million.
Share Price
The company’s stock opened at $12.0, but closed at $11.4, representing a drop of 5.7% from its last closing price of 12.1. The company is focusing on improving user experience and developing new products to continue its growth trajectory in the years to come. 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 |
| 1.74k | 401.28 | 23.5% |
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 |
| 6.71k | 3.43k | 13.63 |
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 |
| 2.0% | 2.6% | 12.8% |
| FCF Margin | ROE | ROA |
| 21.1% | 4.4% | 2.1% |
Analysis
At GoodWhale, we have conducted an analysis on WEIBO CORPORATION‘s fundamentals and found that the company has a strong health score of 9/10 with regards to its cashflows and debt. This means that the company is capable to pay off debt and fund future operations. We have classified WEIBO CORPORATION as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This makes WEIBO CORPORATION an attractive investment opportunity for investors who are looking for a reliable source of dividend income. Furthermore, the company is strong in terms of profitability and medium in terms of asset, dividend and growth. This indicates that there is potential for long-term capital appreciation for investors who choose to invest in WEIBO CORPORATION. More…
Summary
WEIBO CORPORATION reported their financial results for the third quarter of 2023, with total revenue of USD 442.1 million, a 2.5% decrease from the same period in the previous year. Net income was USD 77.5 million, which is an improvement compared to the previous year’s net loss of -17.1 million. Despite this improved performance, the stock price moved down on the same day.
Overall, this indicates that investors are expecting more growth from WEIBO CORPORATION in the future and may be disappointed with the current performance. Therefore, investors should be cautious when considering any investments in WEIBO CORPORATION.
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