WB Q4 2021 Earnings Report — Weibo Corporation Revenue & Financial Results | Market Cap Arena

Weibo CorporationWB

Q4 2021 Earnings

Reported March 10, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$616M	$607M	$513M	1.5%	20.0%
Op. Income	$183M	$213M	$182M	-14.3%	0.5%
Gross Margin	79.1%	83.0%	83.0%	-3.9pp	-3.9pp
Net Margin	18.8%	29.9%	5.7%	-11.1pp	13.1pp
EPS (Diluted)	$0.50	$0.78	$0.13	-35.9%	284.6%
Free Cash Flow	$238M	$0	$313M	—	-23.8%

Revenue Flow

Item	Amount
REVENUE	$616M
Cost of Revenue	$129M
GROSS PROFIT	$488M
R&D Expenses	$114M
Selling & Marketing	$152M
General & Administrative	$39M
SG&A Expenses	$191M
Other Expenses	$0
Operating Expenses	$305M
Cost & Expenses	$434M
OPERATING INCOME	$183M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$146M
Income Tax Expense	$46M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$0
EBIT	$183M
EBITDA	$183M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$616M
Cost of Revenue	$129M
GROSS PROFIT	$488M
R&D Expenses	$114M
Selling & Marketing	$152M
General & Administrative	$39M
SG&A Expenses	$191M
Other Expenses	$0
Operating Expenses	$305M
Cost & Expenses	$434M
OPERATING INCOME	$183M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$146M
Income Tax Expense	$46M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$0
EBIT	$183M
EBITDA	$183M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$116M
Depreciation & Amortization	$17M
Stock-Based Compensation	$27M
Deferred Income Tax	$4M
Other Non-Cash Items	$44M
Change in Working Capital	$46M
OPERATING CASH FLOW	$250M
Capital Expenditure	-$11M
Acquisitions (Net)	$0
Purchases of Investments	$1.1B
Sales/Maturities of Investments	-$954M
Other Investing Activities	$155M
NET CASH FROM INVESTING	$144M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$790M
NET CASH FROM FINANCING	$188M
FREE CASH FLOW	$238M
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$711M
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$73M
TOTAL CURRENT ASSETS	$4.8B
PP&E (Net)	$68M
Goodwill	$130M
Intangible Assets	$167M
Long-Term Investments	$1.2B
Tax Assets	$41M
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$7.5B
Account Payables	$198M
Short-Term Debt	$897M
Deferred Revenue	$91M
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$67M
Other Non-Current Liabilities	$15M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$3.8B
Common Stock	$59.0K
Additional Paid-In Capital	$1.5B
Retained Earnings	$2.0B
Treasury Stock	$0
Accum. Other Comp. Income	$157M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.6B
Minority Interest	$94M
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$7.5B
Total Debt	$2.4B
Net Debt	$11M