Group 1 - Quark will launch a new AI browser that integrates with the Qianwen app, marking a strategic collaboration aimed at reshaping the internet access logic [1] - The new AI browser is expected to undergo a significant upgrade on the PC side, enhancing user experience and privacy considerations [1] Group 2 - Weibo has released its first self-developed open-source large model, VibeThinker, which focuses on enhancing capabilities in complex mathematics and competitive programming [2] - The current version of VibeThinker is experimental and not optimized for daily chat interactions, indicating its targeted application in high-intelligence scenarios [2] Group 3 - Several smartphone manufacturers, including Xiaomi, OPPO, and vivo, have paused their procurement of storage chips due to low inventory levels and rising prices from suppliers [3] - The inventory for some manufacturers is reported to be below two months, with certain DRAM stocks dropping to less than three weeks, prompting a reevaluation of procurement strategies [3]

Group 1 - Quark will launch a new AI browser that integrates with the Qianwen app, marking a strategic collaboration aimed at reshaping the internet access logic [1] - The new AI browser is positioned to enhance user experience and privacy considerations, moving beyond traditional browser functionalities [1] Group 2 - Weibo has released its first self-developed open-source large model, VibeThinker, which focuses on enhancing capabilities in complex mathematics and competitive programming [2] - The current version of VibeThinker is experimental and not yet optimized for daily chat interactions, indicating its targeted application in high-intelligence scenarios [2] Group 3 - Several smartphone manufacturers, including Xiaomi, OPPO, and vivo, have paused their storage chip procurement due to low inventory levels and rising prices from suppliers [3] - The inventory for some manufacturers is reported to be below two months, with certain DRAM stocks dropping to less than three weeks, prompting a reevaluation of procurement strategies [3]

Core Viewpoint - Weibo is conducting its Third Quarter 2025 Earnings Conference Call, indicating a focus on financial performance and strategic insights for investors [2]. Group 1: Financial Results - The conference call is aimed at discussing Weibo's financial results for the third quarter of 2025, highlighting the company's performance metrics and future outlook [2]. Group 2: Management Participation - The call features key executives, including CEO Gaofei Wang and CFO Fei Cao, who will provide insights into the company's operations and financial health [2]. Group 3: Forward-Looking Statements - The company will make forward-looking statements during the call, which may involve risks and uncertainties that could lead to actual results differing from expectations [3].

Core Insights - Weibo's advertising and marketing revenue from Alibaba increased by 112% year-on-year to $45.5 million in Q3 2025, driven by increased advertising budgets in Alibaba's local life business and strong marketing demand in its e-commerce sector [1][3] - Overall revenue for Weibo in Q3 2025 was $442.3 million, a decrease of 5% year-on-year, while net profit attributable to Weibo shareholders fell by 20.47% to $110 million [1][2] Revenue Breakdown - Advertising and marketing revenue (excluding Alibaba) was $375.4 million, a decline of 6% year-on-year, primarily due to reduced contributions from the food and beverage sector, which benefited significantly from the Paris Olympics last year [2] - Value-added services revenue reached $66.9 million, a slight increase of 2% year-on-year [4] User Metrics - As of the end of Q3 2025, Weibo had 578 million monthly active users and 257 million daily active users [5] - The search feature, Weibo Zhisu, saw its monthly active users exceed 70 million, with a 50% increase in daily active users and search volume [6] Strategic Focus - Weibo's strategy for 2025 emphasizes enhancing user value, maintaining leadership in trending and entertainment content, and improving user engagement through AI-driven recommendations and search systems [5] - The company plans to strengthen its content marketing advantages and improve the conversion rates of information flow advertisements, leveraging AI throughout the advertising process [6][7] Market Performance - As of the latest report, Weibo's stock price increased by 2.51% to $10.2 per share in pre-market trading [8]

Weibo (NasdaqGS:WB) Q3 2025 Earnings Call November 18, 2025 06:00 AM ET Company ParticipantsLiu Yu - Associate DirectorGaofei Wang - CEOFei Cao - CFOSandra Zhang - Head of Investor RelationsNone - TranslatorConference Call ParticipantsAlicia Yap - AnalystOperatorGood day, and thank you for standing by. Welcome to Weibo reports' third quarter 2025 financial results. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To as ...

Weibo (NasdaqGS:WB) Q3 2025 Earnings Call November 18, 2025 06:00 AM ET Company ParticipantsLiu Yu - Associate DirectorGaofei Wang - CEOFei Cao - CFOSandra Zhang - Head of Investor RelationsConference Call ParticipantsAlicia Yap - AnalystOperatorGood day, and thank you for standing by. Welcome to Weibo Reports' third quarter 2025 financial results. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question duri ...

Weibo (NasdaqGS:WB) Q3 2025 Earnings Call November 18, 2025 06:00 AM ET Speaker3Good day, and thank you for standing by. Welcome to Weibo Reports' third quarter 2025 financial results. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. Please be advised that today's conf ...

Core Viewpoint - Weibo's Q3 2025 financial report shows a decline in revenue, indicating potential challenges in its advertising and value-added services segments [1] Financial Performance - Total revenue for Q3 2025 is $442 million, representing a year-over-year decrease of 5% [1] - Advertising and marketing revenue amounts to $375 million, while value-added services (VAS) revenue is $66.9 million [1] - Non-GAAP net profit stands at $111 million [1] User Metrics - As of the end of Q3, Weibo has 578 million monthly active users and 257 million daily active users [1]

（文章来源：第一财经） 11月18日，微博发布2025年第三季度财报。三季度微博总营收4.423亿美元，约合人民币31.56亿元，其 中广告营收3.754亿美元，约合人民币26.77亿元，三季度调整后运营利润1.32亿美元，约合人民币9.37亿 元。 用户方面，截至三季度末，微博的月活跃用户达到5.78亿，日活跃用户达到2.57亿。 ...

Core Insights - Weibo reported a 6% year-over-year decline in advertising and marketing revenue for Q3 2025, amounting to $375.4 million, primarily due to reduced contributions from the food and beverage sector, which had benefited significantly from the Paris Olympics in the same period last year [1] - This decline was partially offset by robust growth in advertising revenue from the e-commerce and automotive sectors [1] - Excluding advertising revenue from Alibaba, Weibo's advertising and marketing revenue was $329.9 million, reflecting a 13% year-over-year decrease [1] - Advertising revenue from Alibaba reached $45.5 million, marking a 112% year-over-year increase, driven by higher advertising budgets in its local services business and strong marketing demand in its e-commerce operations during Q3 [1]