Core Insights - The latest update of the Weibo app for HarmonyOS introduces the "HDR Vivid GIF" feature, enhancing the visual experience for users by allowing the creation and display of high-definition animated images [1][3] - The update also includes a new "Tap to Share" feature, enabling quick sharing of content between two HarmonyOS devices, thereby improving content dissemination [1][3] Feature Enhancements - The app now supports HDR Vivid GIFs, providing a full support chain for capturing, publishing, and displaying GIFs with improved color and detail [3] - Users can select video quality during playback, enhancing the viewing experience [3] - The image viewing experience has been improved with a pinch-to-zoom feature, allowing for smoother image enlargement [3] Group and Interaction Improvements - Group chat functionalities have been enhanced, allowing group admins to post and manage announcements, ensuring important information is highlighted [4] - The "Super Topic" feature has been upgraded to allow users to earn experience points and customize their topic cards, enhancing user engagement [5] - A new live streaming appointment feature has been introduced, enabling users to schedule and not miss any live events [5] Membership and User Experience - A new membership center has been added, providing users with a clear overview of their membership benefits and services [5] - Overall, the update aims to improve user interaction and content creation, making the Weibo app more user-friendly and engaging [1][5]

Core Viewpoint - Weibo Corporation will announce its unaudited financial results for Q3 2025 on November 18, 2025, before the U.S. market opens, followed by a conference call to discuss financial performance and business operations [1]. Company Overview - Weibo is a leading social media platform that allows users to create, share, and discover content online, combining real-time public self-expression with social interaction, content aggregation, and distribution [3]. - The platform enables users to create and post feeds with multimedia and long-form content, allowing for asymmetric user relationships where any user can follow others and engage with their content [3]. Advertising and Marketing - Weibo generates a substantial majority of its revenue from advertising and marketing services, including social display advertisements and promoted marketing offerings [4]. - The company employs a "mobile first" philosophy, displaying content in a simple information feed format and offering native advertisements that align with the platform's content [4]. - Weibo has developed a social interest graph recommendation engine to enhance marketing effectiveness by targeting audiences based on demographics, social relationships, interests, and behaviors [4].

Core Viewpoint - Weibo-SW (09898.HK) announced that its board of directors will hold a meeting on November 18, 2025, to approve the unaudited financial results for the three months ending September 30, 2025 [1] Financial Performance - The company will release its financial results for the third quarter of 2025 after the trading hours of the Hong Kong Stock Exchange and before the opening of the US stock market on November 18, 2025 [1]

本公司的管理團隊將於2025年11月18日（星期二）（香港時間）下午七時正舉行電 話會議，以討論2025年第三季度財務業績並回答提問。擬接入電話會議的與會者 須通過以下公共與會者鏈接進行註冊。於註冊後，接入及說明指引將載於確認的 電子郵件中。 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） 董事會會議日期及 2025年第三季度財務業績公告刊發日期 微博股份有限公司（「本公司」）董事會（「董事會」）將於2025年11月18日（星期二） （香港時間）舉行董事會會議，以（其中包括）批准本公司截至2025年9月30日止 三個月的未經審核財務業績及公告（「2025年第三季度財務業績」）。本公司將於 2025年11月18日（星期二）（香港時間）在香港聯合交易所有限公司交易時段後及 美國股市開市前，在香港聯合交易所有限公司網站www.h ...

Core Viewpoint - Weibo (WB.US) is experiencing a decline in pre-market trading due to weaker-than-expected advertising demand in specific verticals such as fast-moving consumer goods, mobile phones, and online gaming, leading to a downward revision of revenue forecasts for the upcoming years [1] Financial Performance - Weibo's total revenue for Q3 2025 is projected to decrease by 5% year-on-year to $442 million, slightly below previous estimates [1] - Non-GAAP net income is expected to decline by 20% year-on-year to $111 million, primarily due to revenue drop and increased investments in AI [1] Revenue Forecast Adjustments - The revenue forecasts for Weibo from FY 2025 to FY 2027 have been reduced by 1% to 2% due to pressures in specific verticals [1] - The valuation forecast has been extended to FY 2026, with the target price lowered from $14.50 to $14 while maintaining a "Buy" rating [1] Stock Performance - As of the latest data, Weibo's pre-market price is $11.41, reflecting a decrease of 0.95% [1] - The stock has a market capitalization of $2.82 billion and a price-to-earnings ratio of 8.17 [1]

Core Viewpoint - Weibo Corporation has shown significant recovery in its stock performance over the last six months after experiencing a nearly 40% decline in April [1] Company Summary - Weibo Corporation is a social media platform based in China [1] - The company faced a substantial drop in stock value, losing almost 40% during the turmoil in April [1] Industry Context - The performance of Weibo Corporation reflects broader trends in the social media industry in China, indicating potential volatility and recovery patterns [1]

Macro Commentary - The US September CPI year-on-year growth rate continues to rise slightly but is below market expectations, with core CPI showing a month-on-month slowdown [2] - The Federal Reserve is expected to focus more on employment risks, with a potential interest rate cut in October or December, targeting a year-end federal funds rate of 3.75%-4% [2] - The Chinese stock market saw gains, with sectors like materials, consumer discretionary, and information technology leading, while utilities, consumer staples, and real estate lagged [4] Industry Commentary - The MSCI China Healthcare Index has risen 58.6% since the beginning of 2025, outperforming the MSCI China Index by 24.2%, indicating a recovery in the pharmaceutical sector [5] - The CXO industry is expected to see performance recovery in the second half of 2025 due to a resurgence in demand for innovative drug development and a rebound in capital market financing [5] - The report highlights the importance of clinical progress for authorized innovative drug pipelines overseas as a catalyst for stock price increases [7] Company Commentary - Great Wall Motors reported a slight decline in gross margin in Q3 2025, with a 3.6% increase in average selling price, but net profit fell 50% to 2.3 billion yuan due to delays in tax refunds [9] - The company maintains a sales forecast of 1.35 million units for 2025, with expectations for Q4 sales to reach 430,000 units, reflecting an 11% year-on-year growth [9] - Xiaomi is expected to report a strong Q3 2025 performance, with a projected 60% year-on-year increase in adjusted net profit, driven by robust electric vehicle sales [14] - Weibo anticipates a 5% decline in total revenue for Q3 2025, primarily due to weaker advertising demand from certain industries [15]

Core Insights - The article discusses a recent event where a fake snow was created in a village in Xinjiang, highlighting the unique cultural and environmental aspects of the region [2] Group 1 - The event showcases the innovative use of technology to create artificial snow, which may attract tourism and enhance local experiences [2] - The initiative is part of a broader trend of leveraging social media platforms like Weibo to promote local culture and activities [2] - The use of hashtags related to the event indicates a strategic approach to engage audiences and increase visibility [2]

Core Viewpoint - The company anticipates a 6% year-over-year decline in revenue for Q3 2025, projecting total revenue of $437 million and a 23% decrease in Non-GAAP net profit to $107 million, with earnings report expected in mid to late November [1] Group 1: Revenue Performance - The decline in revenue is attributed to weak demand from advertisers in the fast-moving consumer goods (FMCG) and mobile phone sectors, with advertising revenue expected to decrease by 7% [1] - The FMCG sector, particularly food and beverage, is impacted by a high base from the previous year (Olympics) and overall weak demand this year [1] - The mobile phone sector is experiencing average performance in new model shipments, affecting advertising investments on the platform [1] - The gaming sector is also seeing weaker advertising due to the lifecycle of certain products [1] - Notably, e-commerce (instant retail) and new energy vehicles are identified as sectors performing relatively well in Q3 2025 [1] Group 2: Cost Management and Profitability - The company is expected to maintain a cautious approach to cost management, with some incremental spending on AI initiatives [1] - Projected Non-GAAP operating profit margin for Q3 2025 is 28.9%, while Non-GAAP net profit margin is expected to be 24.6% [1] Group 3: Product and AI Development - The company is focusing on changes in consumer scenarios for its Weibo product, having established a content consumption matrix consisting of four main areas: relationship flow, recommendation flow, hot topics, and video consumption [2] - A new homepage recommendation flow launched in July has led to a 30% year-over-year increase in daily active users for Q3 2025 [2] - Upgrades to hot topic scenarios are also noted, with expectations for improved commercialization as product operations advance [2] - The impact of AI, particularly through features like intelligent search and the Lingchuang platform, on user engagement and advertising effectiveness is being closely monitored [2] Group 4: Profit Forecast and Valuation - Due to weak advertiser demand, the company has revised down its Non-GAAP net profit forecasts for 2025 and 2026 by 3.0% and 3.5% to $468 million and $473 million, respectively [2] - Current trading multiples for Hong Kong and US stocks are at 6x for 2025 and 2026 Non-GAAP P/E [2] - The company maintains an outperform rating, with a target price of HKD 100.8 / USD 13, corresponding to 6.7x and 6.6x Non-GAAP P/E, indicating potential upside of 13% and 14% for Hong Kong and US stocks, respectively [2]

Market Performance - On October 24, U.S. stock markets opened higher, with all three major indices reaching historical highs. The Dow Jones increased by 0.77%, the S&P 500 rose by 0.73%, and the Nasdaq Composite gained 1.00% [1] - Major technology stocks mostly saw gains, with Google rising over 2%, Nvidia up more than 1%, and Amazon, Apple, Microsoft, and Meta experiencing slight increases. Tesla, however, fell over 2% [3] Technology Sector - Chip stocks in the U.S. experienced a strong rally, with AMD rising nearly 7% to reach a historical high, Intel increasing by nearly 6%, Micron Technology up over 4%, Broadcom gaining over 2%, and TSMC rising over 1% [5] - Specific stock performances included AMD at $251.337 (+6.96%), Intel at $38.644 (+1.27%), and Micron Technology at $216.165 (+4.57%) [5] Chinese Stocks - Chinese stocks listed in the U.S. showed mixed results, with Bilibili rising over 2%, Alibaba, Xpeng Motors, and iQIYI increasing by over 1%, while Weibo, Li Auto, and NIO saw declines [6] Economic Indicators - The U.S. Bureau of Labor Statistics reported that the core Consumer Price Index (CPI), excluding volatile food and energy prices, rose by 0.2% from August, which was below economists' expectations of 0.3%. This was primarily influenced by the smallest increase in housing costs since early 2021 [7] - The delayed CPI report, originally scheduled for October 15, was impacted by the federal government shutdown, but the BLS managed to release it to assist in calculating the annual cost-of-living adjustment for Social Security, which will increase by 2.8% next year [7]