Weibo (NasdaqGS:WB) Q4 2025 Earnings call March 18, 2026 07:00 AM ET Speaker4 Good day, thank you for standing by. Welcome to the Weibo's Fourth Quarter and Fiscal Year 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one and one on your telephone. You will then hear an automated message advising your hand is raised. ...

EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 微博股份有限公司 | | 股份代號 | 09898 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 年度股息 | | 公告日期 | 2026年3月18日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年12月31日 | | 宣派股息 | 每 股 0.61 USD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.61 USD | | 匯率 | 1 USD : 1USD | | 除淨日 | 2026年4月1 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Weibo Corporation 微博股份有限公司 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：9898） 2025年第四季度及財年財務業績及年度股息公告 我們謹此宣佈本公司截至2025年12月31日止第四季度及財年的未經審計財務業績 （「2025年第四季度及2025財年財務業績」）及年度股息。 2025 年第四季度及 2025 財年財務業績可於香港聯合交易所有限公司網 站www.hkexnews.hk及本公司網站http://ir.weibo.com查閱。 承董事會命 微博股份有限公司 董事會主席 曹國偉先生 香港，2026年3月18日 於本公告日期，本公司董事會包括董事曹國偉先生、王高飛先生、杜紅女士及劉 博先生以及獨立董事盧伯卿先生、陳丕宏先生及汪延先生。 1 微博公佈2025年第四季度及財年未經審計財務業績及年度股息 中國北京，2026年3月18日 － 中國領先的社交媒體微 ...

机构认为，静待市场企稳后，有望破局。 【财经日历】 美国2月PPI 加拿大央行公布利率决议 财报发布：腾讯控股、微博 ►►3月17日，外交部发言人林剑主持例行记者会。有记者问：此前有媒体表示，特朗普称如果中国不在霍尔木兹海峡护航问题上提供协助，他将推迟访 华。请问中方有何回应？对此，林剑表示，我们注意到美方已就媒体的不实报道公开作出澄清，表示有关报道是完全错误的，强调访问与霍尔木兹海峡通航 问题无关。 ►►近日，国家发展改革委推出了新一批13个标志性重大外资项目，计划投资额134亿美元。新入选项目主要集中在制造业，包括电子制造、化工、汽车、 机械等，促进产业集群加速发展。今年，首次将物流项目纳入新一批标志性重大外资项目清单，继续支持生物医药等领域研发中心项目，释放出我国加大对 服务业支持，推动现代服务业和先进制造业深度融合的积极信号。此外，投资来源地更加多元，包括英国、德国、瑞士、瑞典、土耳其等国跨国企业。 ►►证监会3月17日消息，近日，证监会核准新一批硬科技主题基金产品，共计15只产品同日获批，产品主要为跟踪双创人工智能指数的被动基金，和以中 国战略新兴产业成份指数为基准的主动基金。本批产品聚焦核心科技、 ...

Core Insights - The report maintains a "Buy" rating for the internet media sector, highlighting strong growth potential in various sub-sectors such as e-commerce, social entertainment media, internet healthcare, short videos, and IP-driven markets [4][3] - The report emphasizes the positive impact of Apple's commission rate reduction on gaming companies, which is expected to enhance industry profitability [14][15] - The AI sector is anticipated to experience significant growth, with a focus on self-developed models and vertical integration in cloud and ecosystem services [22][4] E-commerce - The report notes that Alibaba's cloud services are expected to boost token usage and MaaS revenue due to the launch of lightweight cloud servers [4][17] - Meituan's management emphasizes a focus on core local business and AI as a major variable for future growth, while maintaining a significant market share in instant retail [14][15] Social Entertainment Media - Tencent's WeChat is projected to continue its strong monetization potential, while Bilibili's advertising growth is expected to lead the internet advertising market [4][18] - Bilibili's advertising revenue is forecasted to accelerate to a 27% growth rate in Q4 2025, benefiting from e-commerce and AI applications [18][4] Internet Healthcare - JD Health and Alibaba Health are leveraging their platform advantages to deepen collaborations with upstream pharmaceutical manufacturers, resulting in strong revenue and profit growth [4][18] Short Videos - Kuaishou is expected to benefit from technological advancements, with continued capital investment anticipated in 2026 [4][19] IP and Trendy Toys - Pop Mart is actively releasing and promoting new IPs, with plans to enhance collaboration with overseas designers to penetrate international markets [4][19] Long Videos - The report indicates that membership and advertising revenues in the long video sector are stabilizing, with companies exploring new business opportunities [4][19] Music Streaming - The music streaming sector is experiencing healthy membership growth, with strategies in place to optimize ARPU [4][19] Gaming - The report remains optimistic about the gaming sector's performance, with recommendations for companies like Century Huatong and Giant Network, which have strong product pipelines and sustainable growth [20][4] - The gaming industry is expected to maintain its favorable outlook into 2026, driven by fundamental performance [20][4] Advertising - The report highlights significant increases in internet advertising investments, particularly for companies like Focus Media, which is expected to benefit from upcoming major events [20][4] AI - The report anticipates a new wave of value reassessment in AI, with a focus on high customer unit prices and increased penetration rates [22][4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Weibo Corporation 微博股份有限公司 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：9898） 內幕消息 葛景棟先生職位變動 本公告由微博股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市 規則（「上市規則」）第13.09條及第13.10B條以及證券及期貨條例（香港法例第571 章）第XIVA部項下內幕消息條文（定義見上市規則）作出。 本公司宣佈，葛景棟先生已辭任本公司高級副總裁職務。彼將留任本公司，並繼 續於廣告業務部門任職。 本公告附錄一載有本公司於2026年3月13日就葛景棟先生職位變動向美國證券交 易委員會提交的表格6-K全文。 承董事會命 微博股份有限公司 董事會主席 曹國偉先生 香港，2026年3月13日 於本公告日期，本公司董事會包括董事曹國偉先生、王高飛先生、杜紅女士及劉 博先生以及獨立董事盧伯卿先生、陳丕宏先生及汪延先生。 1 委員會檔案編號 ...

Group 1 - The core viewpoint of the articles highlights Weibo's significant role as a marketing platform for AI models during the 2026 Spring Festival, with over 371 trending topics related to AI models and a total reading volume of 12.7 billion [1] - The interaction volume on Weibo reached nearly 26.9 million, with specific AI models like Qianwen, Doubao, and Yuanbao attracting users through red envelope activities, enhancing platform traffic and user engagement [1] - Doubao's collaboration with the Spring Festival Gala resulted in a total interaction of 1.9 billion on New Year's Eve, while the Qianwen app achieved the top position on the Apple free download chart [1] Group 2 - Recent stock performance of Weibo shows notable volatility, with a 4.13% increase on February 23, reaching 80.60 HKD, followed by a decline to 79.25 HKD by February 27, reflecting a cumulative fluctuation of 2.39% [2] - In the same period, Weibo's US stock price decreased by 1.67%, closing at 10.02 USD on February 27, with trading volumes of approximately 4.488 billion HKD in Hong Kong and about 35.4 million USD in the US [2] - The stock price movements are influenced by overall market sentiment, with the Hang Seng Index rising by 0.95% and the Nasdaq Index falling by 0.87% during the same timeframe [2]

Core Insights - The report highlights a significant shift in social media dynamics, emphasizing the emergence of "human touch" as a key theme for 2025, moving away from cold information and artificial spectacle towards authenticity, empathy, and personalized connections [1][5]. Group 1: User Empowerment and Content Creation - The relationship between content production and consumption has been restructured, with users becoming the true leaders and co-creators of trending topics, actively connecting content to their own lives [2]. - The evolution of trending events has shifted from isolated, explosive incidents to continuous, narrative-driven "theatrical storytelling," where public interest evolves into long-term discussions on fairness and transparency [2]. Group 2: Personalization in Communication - The trend of "human touch" signifies that personalized connections have become essential in communication, especially in corporate public relations, where cold official statements are losing effectiveness [3]. - Public preference is shifting towards engaging with real individuals who have decision-making power, making personal accounts of company leaders vital for brand communication [3]. Group 3: Practicality and Professional Standards - The past year has shown a trend towards practicality and standardization in the hot topic ecosystem, with discussions around AI moving from conceptual to practical applications that reshape workflows and information retrieval [4]. - The era of unregulated influencers is ending, as public expectations for social responsibility and professional standards rise, necessitating content creators to conduct "value audits" and align with societal norms [4]. Group 4: Summary and Implications - The "human touch" represents a deeper evolution in the digital discourse landscape, where content value returns to authenticity and empathy, and the public's role shifts from passive observers to active co-creators [5]. - Content producers must develop the ability to showcase genuine human stories and provide practical, socially responsible content to maintain sustainable influence in a competitive attention economy [5].

Market Performance - The U.S. stock market opened mixed with the Dow Jones up by 0.38%, while the Nasdaq and S&P 500 indices were down by 0.24% and 0.04% respectively. As of the report, the Dow Jones was up by 0.27%, the Nasdaq down by 0.84%, and the S&P 500 down by 0.36% [2] - A total of 2,712 stocks rose while 2,381 stocks fell [2] Company Specifics - Nvidia's earnings report exceeded expectations but received a lukewarm response, leading to a stock price drop of over 3.6% [2] - Major Chinese concept stocks mostly declined, with BeiGene down by 6.56%, Beike down by 5.85%, Baidu down by 4.83%, and Luckin Coffee down by 4.71% [3][4] - Baidu reported a year-over-year revenue decrease of 3% for the fiscal year 2025 [3] Commodity Market - International silver prices continued to decline, with COMEX silver futures dropping over 5% and spot silver down by over 3%. As of the report, COMEX silver futures were down by 4.6% and spot silver by 2.55% [7] - Gold prices also saw a slight drop, with COMEX gold futures falling by over 1% [7] Geopolitical Developments - The third round of indirect negotiations between Iran and the U.S. began in Geneva, focusing on nuclear issues. Iran expressed readiness to engage in discussions regarding sanctions and nuclear rights [9][10] - The outcome of these negotiations could significantly impact regional tensions, with potential for either a temporary agreement or a shift towards military options if core disagreements persist [10]

Core Viewpoint - Weibo's stock has shown active performance in both Hong Kong and US markets, with notable increases in share prices and trading volumes [1] Group 1: Stock Performance - Weibo-SW closed at 80.60 HKD in the Hong Kong market on February 23, 2026, marking a single-day increase of 4.13% and a weekly price change of 2.09% with a volatility of 5.00% [1] - In the US market, Weibo closed at 10.19 USD on February 20, 2026, with a single-day increase of 1.80% and a weekly price change of 1.80% with a volatility of 4.60% [1] Group 2: Trading Volume - The trading volume for Weibo-SW in the Hong Kong market on February 23 was 10.08 million HKD, while the trading volume for Weibo in the US market on February 20 was 797 million USD, indicating increased investor interest [1] Group 3: Market Context - The interactive media and services sector in the Hong Kong market rose by 2.86% over the past week, while the internet information services sector in the US market increased by 3.04%, providing a supportive environment for stock prices [1]