Categories AlphaGraphs, Earnings, Technology

WB Earnings: Highlights of Weibo’s Q1 2022 financial results

Weibo Corporation (NASDAQ: WB) has reported a decline in adjusted earnings for the first quarter of 2022, despite an increase in revenues, even as operating costs increased sharply.


The China-based social networking company reported an adjusted profit of $0.56 per share for the most recent quarter, down 2% from the year-ago period. On an unadjusted basis, it incurred a loss of $67.5 million or $0.29 per share, compared to earnings of $49.8 million or $0.22 per share last year.

Meanwhile, revenues increased by 6% year-over-year to $484.6 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

Shares of Weibo traded lower early Friday after closing the previous session down 4.5%. The stock has lost about 34% since the beginning of the year.


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Cost reduction has become a priority for FedEx (FDX) after a challenging quarter

Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for

Prime Medicine is the next big biotech to pursue IPO. Here’s all you need to know

After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG

Stock Watch: Is Darden Restaurants a good buy after earnings?

After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many

Add Comment
Viewing Highlight