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
TC BioPharm develops safer, less expensive products to target more cancers: CEO Bryan Kobel
TC BioPharm (NASDAQ: TCBP) is a clinical-stage cell therapy company focused on the development of treatments for infectious diseases, including advanced allogeneic chimeric antigen receptor (CAR) T-cell therapy products for
Cintas Corp. (CTAS) Q3 2023 earnings and revenue increase
Uniform rental company Cintas Corporation (NASDAQ: CTAS) on Wednesday announced financial results for the third quarter of 2023, reporting higher earnings and revenues. At $2.19 billion, third-quarter revenues were up
Infographic: Micron (MU) reports net loss for Q2; revenue down 53%
Micron Technology Inc. (NASDAQ: MU) slipped to a loss in the second quarter of 2023 from a profit last year, hurt by a sharp fall in revenues. The chipmaker reported