1. Weibo's Q1 2025 revenues reached $396.9M, flat year-over-year. 2. Net income grew to $107.0M, up from $49.4M last year. 3. Monthly active users at 591 million, showing strong engagement. 4. Ad revenues from Alibaba surged 89% due to high demand. 5. Operating efficiency improved, leading to stronger profit margins.
The impressive increase in net income and user engagement reflect solid operational execution, reminiscent of past growth periods for similar tech firms.
A strong Q1 performance with growing revenues and margins signals potential for continued investor interest and stock price appreciation.
The positive financial results are likely to create favorable market sentiment in the upcoming quarter, similar to past instances after strong earnings releases.
Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the first quarter ended March 31, 2025.
"We are pleased with our progresses made on the AI product front," said Gaofei Wang, CEO of Weibo. "On the user front, we remain committed to creating user value by focusing on the integration of Weibo's social features and upgrade of the recommendation system. In the first quarter, we further grew our user community and deepened user engagement. On the AI application front, we have made Weibo Intelligent Search, our AI-powered search function, available to all users. During the first quarter, both the user base and daily search queries of Weibo Intelligent Search achieved decent sequential growth. On the monetization front, we delivered solid performance of ad business, leveraging our strengths in content marketing and enhanced ad placement efficiency of our real-time-bidding information feed ad products. Benefiting from solid execution of disciplined spending strategy, our operating efficiency further improved, which laid foundation for us to invest for our product competitiveness, AI technology, as well as shareholder return."
[1] We define constant currency (non-GAAP) by assuming that the average exchange rate in the first quarter of 2025 was the same as it was in the first quarter of 2024, or RMB7.15=US$1.00.
For the first quarter of 2025, Weibo's total net revenues were US$396.9 million, relatively flat compared to US$395.5 million for the same period last year.
Advertising and marketing revenues for the first quarter of 2025 were US$339.1 million, relatively flat compared to US$339.0 million for the same period last year. Advertising and marketing revenues excluding advertising revenues from Alibaba were US$296.5 million, a decrease of 6% compared to US$316.4 million for the same period last year. The decrease mainly resulted from less revenue contributions from the online gaming and handset manufacturing sectors on a year-over-year basis, primarily due to high base effect and difference of handset product launch schedule respectively. Advertising and marketing revenues from Alibaba were US$42.6 million, an increase of 89% compared to US$22.6 million, mainly attributable to its strong promotional demand related to Spring Festival Gala, as well as incremental ad spend in promoting its AI-related products.
VAS revenues for the first quarter of 2025 were US$57.7 million, an increase of 2% compared to US$56.5 million for the same period last year, primarily driven by the growth of membership services revenues.
| Description | Q1 2024 | Q1 2025 |
|---|---|---|
| Net Revenues: | $395,497 | $396,855 |
| Costs and Expenses: | $295,760 | $286,545 |
| Net Income: | $51,112 | $108,122 |
Weibo's management team will host a conference call from 7:00 AM to 8:00 AM Eastern Time on May 21, 2025 (or 7:00 PM to 8:00 PM Beijing Time on May 21, 2025) to present an overview of the Company's financial performance and business operations.
Investor Relations
Weibo Corporation
Phone: +86 10 5898-3336
Email: ir@weibo.com