Categories AlphaGraphs, Earnings, Technology

Earnings Infographic: Highlights of Weibo’s Q2 2022 results

Weibo Corporation (NASDAQ: WB) on Thursday reported lower revenues and net profit for the second quarter of 2022, despite an increase in the number of users.

Weibo Corporation Q2 2022 earnings infographic

The China-based social networking company reported adjusted profit of $0.46 per share for the most recent quarter, down 42% from the year-ago period. On an unadjusted basis, net profit decreased to $28.3 million or $0.12 per share from $81.03 million or $0.35 per share last year.

The bottom line was hurt by a 22% decrease in revenues to $450.2 million. At the end of the quarter, Weibo had around 582 million monthly active users and 252 million daily active users.

Read management/analysts’ comments on quarterly reports

“On monetization, although broad-based headwinds weighed on advertising demand in the near term, we are encouraged to see resilient performance of certain sectors and the gradual pick-up of the overall advertising business after the pandemic. Weibo also delivered a non-GAAP operating margin of 32% in the second quarter, which further improved from the first quarter of 2022, as we executed against our efficiency initiatives to optimize costs and expenses,” said Weibo’s CEO Gaofei Wang.


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Viewing Highlight