WB

MKT CAP:$2B

Weibo Corporation

Market Cap

$2B

Communication Services·Internet Content & Information·🇨🇳 China·NASDAQ

Communication·Internet·🇨🇳·NASDAQ

Stock Price

$8.43-$2.11 (-20.05%)

Apr 24, 2026

Company Details

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and ...

CEO

Gaofei Wang

IPO Date

Apr 17, 2014

Website

weibo.com

Key Metrics TTM

Revenue

$1.8B

+0.3% YoY

Net Income

$449M

EPS (Diluted)

$1.67

Free Cash Flow

$0

Revenue / Share

$7.35

Gross Margin

76.0%

Operating Margin

26.4%

Net Margin

25.5%

FCF Margin

0.0%

P/S

1.1x

P/E

4.5x

Earnings Reports

FY 2025

Dec 30, 2025

$1.8B+0.4%EPS $1.70

Q4 2025

Mar 18, 2026

$475M+4.0%EPS -$0.02

Q3 2025

Nov 18, 2025

$443M-4.6%EPS $0.82

Q2 2025

Aug 14, 2025

$445M+1.6%EPS $0.47

Q1 2025

May 21, 2025

$397M+0.3%EPS $0.40

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$485M	$380M	$103M
Q2 22	$450M	$355M	$94M
Q3 22	$454M	$359M	$123M
Q4 22	$448M	$342M	$160M
Q1 23	$414M	$328M	$96M
Q2 23	$440M	$346M	$123M
Q3 23	$442M	$348M	$134M
Q4 23	$464M	$364M	$119M
Q1 24	$395M	$309M	$100M
Q2 24	$438M	$348M	$135M
Q3 24	$464M	$372M	$141M
Q4 24	$457M	$356M	$118M
Q1 25	$397M	$308M	$110M
Q2 25	$445M	$341M	$146M
Q3 25	$443M	$337M	$117M
Q4 25	$475M	$351M	$92M

Valuation

Quarter	P/S	P/E
Q1 22	2.6x	19.4x
Q2 22	2.5x	21.2x
Q3 22	1.9x	64.7x
Q4 22	2.6x	55.1x
Q1 23	2.5x	17.7x
Q2 23	1.8x	10.3x
Q3 23	1.7x	7.4x
Q4 23	1.3x	6.9x
Q1 24	1.3x	7.7x
Q2 24	1.1x	5.7x
Q3 24	1.4x	6.4x
Q4 24	1.3x	7.5x
Q1 25	1.3x	6.3x
Q2 25	1.3x	6.1x
Q3 25	1.7x	6.4x
Q4 25	1.4x	5.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$0	$0
Q4 21	$250M	$238M
Q1 22	$0	$0
Q2 22	$31M	$31M
Q3 22	$55M	$55M
Q4 22	-$185M	-$170M
Q1 23	$58M	$58M
Q2 23	$55M	$55M
Q3 23	$53M	$53M
Q4 23	$218M	$211M
Q1 24	$0	$0
Q2 24	$0	$0
Q3 24	$0	$0
Q4 24	$0	$0
Q1 25	$0	$0
Q2 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q3 21	$0
Q4 21	$11M
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$16M
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$8M
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+5.6%	+9.0%
Q2 22	-21.6%	-6.6%
Q3 22	-25.3%	-16.2%
Q4 22	-27.3%	-33.7%
Q1 23	-14.6%	-16.9%
Q2 23	-2.2%	-11.1%
Q3 23	-2.5%	-6.7%
Q4 23	+3.5%	+19.9%
Q1 24	-4.4%	-6.8%
Q2 24	-0.5%	-4.5%
Q3 24	+5.1%	+4.9%
Q4 24	-1.5%	-1.7%
Q1 25	+0.3%	-3.1%
Q2 25	+1.6%	-1.1%
Q3 25	-4.6%	+0.7%
Q4 25	+4.0%	+13.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$25M	4.1%
Q4 21	$27M	4.3%
Q1 22	$27M	5.6%
Q2 22	$31M	7.0%
Q3 22	$30M	6.6%
Q4 22	$23M	5.2%
Q1 23	$28M	6.7%
Q2 23	$26M	5.9%
Q3 23	$26M	5.8%
Q4 23	$22M	4.7%
Q1 24	$21M	5.3%
Q2 24	$17M	3.9%
Q3 24	$18M	3.9%
Q4 24	$13M	2.9%
Q1 25	$15M	3.8%
Q2 25	$12M	2.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$112M	$39M	$125M	—
Q2 22	$106M	$29M	$116M	—
Q3 22	$97M	$25M	$114M	—
Q4 22	$99M	—	$123M	—
Q1 23	$91M	$34M	$106M	—
Q2 23	$93M	$28M	$101M	—
Q3 23	$83M	$22M	$110M	—
Q4 23	$67M	$38M	$140M	—
Q1 24	$81M	$25M	$104M	—
Q2 24	$72M	$27M	$114M	—
Q3 24	$80M	$27M	$123M	—
Q4 24	$76M	$23M	$140M	—
Q1 25	$76M	$26M	$96M	—
Q2 25	$78M	$8M	$110M	—
Q3 25	$78M	$9M	$131M	—
Q4 25	$93M	—	—	$167M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2.5B	$793M	$3.3B
Q2 22	$2.3B	$681M	$3.0B
Q3 22	$2.8B	$201M	$3.0B
Q4 22	$2.7B	$480M	$3.2B
Q1 23	$2.3B	$493M	$2.8B
Q2 23	$2.4B	$469M	$2.8B
Q3 23	$2.5B	$315M	$2.8B
Q4 23	$2.6B	$641M	$3.2B
Q1 24	$2.1B	$1.1B	$3.3B
Q2 24	$1.9B	$916M	$2.8B
Q3 24	$1.2B	$994M	$2.2B
Q4 24	$1.9B	$460M	$2.4B
Q1 25	$1.2B	$878M	$2.1B
Q2 25	$1.2B	$953M	$2.1B
Q3 25	$1.1B	$963M	$2.0B
Q4 25	$2.3B	$106M	$2.4B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	235M	+1.6%	+2.6%
Q2 22	237M	+0.8%	+3.3%
Q3 22	236M	-0.5%	-0.5%
Q4 22	239M	+1.3%	+3.2%
Q1 23	237M	-0.8%	+0.7%
Q2 23	238M	+0.4%	+0.4%
Q3 23	239M	+0.3%	+1.2%
Q4 23	246M	+3.2%	+3.1%
Q1 24	264M	+7.0%	+11.3%
Q2 24	265M	+0.5%	+11.4%
Q3 24	266M	+0.3%	+11.4%
Q4 24	238M	-10.5%	-3.4%
Q1 25	266M	+12.0%	+1.1%
Q2 25	268M	+0.7%	+1.2%
Q3 25	269M	+0.4%	+1.3%
Q4 25	239M	-11.2%	+0.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$78.8K	6K
Q2 22	$73.2K	6K
Q3 22	$73.8K	6K
Q4 22	$75.5K	6K
Q1 23	$69.7K	6K
Q2 23	$74.2K	6K
Q3 23	$74.5K	6K
Q4 23	$88.0K	5K
Q1 24	$75.1K	5K
Q2 24	$83.1K	5K
Q3 24	$88.2K	5K
Q4 24	$91.7K	5K
Q1 25	$79.7K	5K
Q2 25	$89.3K	5K
Q3 25	$88.9K	5K
Q4 25	$95.4K	5K

Revenue / Employee