Categories AlphaGraphs, Earnings, Technology
Earnings Infographic: Highlights of Weibo’s Q4 2022 results
Weibo Corporation (NASDAQ: WB) has reported a decline in revenues and adjusted earnings for the fourth quarter of 2022, amid muted user growth.
The China-based social networking company reported an adjusted profit of $0.75 per share for the most recent quarter, down 10% from the year-ago period. On an unadjusted basis, net income was $141.9 million or $0.60 per share, compared to $115.7 million or $0.50 per share last year.
Adjusted profit was hurt by a 27% decrease in revenues to $448 million. At the end of the quarter, Weibo had around 586 million monthly active users and 252 million daily active users.
Check this space to read management/analysts’ comments on quarterly reports
“Our community remained healthy and engaged, mainly attributable to the optimization of social product and effective channel investment. On monetization, our advertising business has exhibited recovery trend in the second half of 2022, although macro challenges continuously weighed on the overall advertising demand,” said Weibo’s CEO Gaofei Wang.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%