Workflow
微博-SW(09898) - 2024 - 年度业绩
09898WB(09898)2025-03-13 09:00

Financial Performance - In Q4 2024, Weibo's net revenue was 456.8million,adecreaseof1456.8 million, a decrease of 1% year-over-year[5]. - Advertising and marketing revenue for Q4 2024 was 385.9 million, down 4% year-over-year, primarily due to a high comparison base from the previous year[7]. - Value-added services revenue increased by 18% year-over-year to 71.0millioninQ42024,drivenbygrowthinmembershipservicesandgaming−relatedincome[5].−OperatingprofitforQ42024was71.0 million in Q4 2024, driven by growth in membership services and gaming-related income[5]. - Operating profit for Q4 2024 was 117.9 million, with an operating margin of 26%[8]. - Net profit attributable to Weibo shareholders in Q4 2024 was 8.9million,withdilutedearningspershareof8.9 million, with diluted earnings per share of 0.04[9]. - For the fiscal year 2024, Weibo's total net revenue was 1.75billion,remainingstablecomparedto1.75 billion, remaining stable compared to 1.76 billion in 2023[11]. - The fiscal year 2024 advertising and marketing revenue was 1.50billion,adecreaseof21.50 billion, a decrease of 2% from 1.53 billion in 2023[11]. - Value-added services revenue for the fiscal year 2024 reached 256.0million,anincreaseof13256.0 million, an increase of 13% from 225.8 million in 2023[12]. - Operating profit for 2024 is 494.3million,upfrom494.3 million, up from 472.9 million in 2023, with an operating margin of 28% compared to 27% last year[14]. - Net profit attributable to Weibo shareholders for 2024 is 300.8million,downfrom300.8 million, down from 342.6 million in 2023, with diluted earnings per share of 1.16comparedto1.16 compared to 1.43 in 2023[15]. - Non-GAAP net profit attributable to Weibo shareholders for 2024 is 478.6million,anincreasefrom478.6 million, an increase from 450.6 million in 2023, with diluted earnings per share of 1.82comparedto1.82 compared to 1.88 in 2023[15]. - Cash generated from operating activities for 2024 is 639.9million,downfrom639.9 million, down from 672.8 million in 2023[15]. - The net profit attributable to Weibo shareholders for the twelve months ending December 31, 2024, was 478,637thousand,a5.9478,637 thousand, a 5.9% increase compared to 450,566 thousand for the previous year[33]. - The adjusted EBITDA for the twelve months ending December 31, 2024, was 606,164thousand,reflectingaslightdecreasefrom606,164 thousand, reflecting a slight decrease from 630,607 thousand in the previous year[35]. Cash and Dividends - As of December 31, 2024, Weibo had cash, cash equivalents, and short-term investments totaling 2.4billion[10].−Theboardapprovedadividendof2.4 billion[10]. - The board approved a dividend of 200 million for the fiscal year 2024, reflecting the company's commitment to enhancing shareholder returns[4]. - The board has adopted a cash dividend policy and declared a cash dividend of 0.82pershareforthe2024fiscalyear,totalingapproximately0.82 per share for the 2024 fiscal year, totaling approximately 200 million[17]. - The board will determine the dividend amount based on the company's operating performance, profitability, cash flow, and financial condition[16]. Costs and Expenses - Total costs and expenses for 2024 are 1.26billion,adecreaseof21.26 billion, a decrease of 2% from 1.29 billion in 2023[13]. Comparison with Previous Periods - Total net revenue for Q4 2023 was 463.7million,aslightincreasefrom463.7 million, a slight increase from 456.8 million in Q3 2023, and 1.76billionforthefullyear2023[27].−AdvertisingandmarketingrevenueforQ42023was1.76 billion for the full year 2023[27]. - Advertising and marketing revenue for Q4 2023 was 403.7 million, compared to 385.9millioninQ42022,whilefull−yearrevenuewas385.9 million in Q4 2022, while full-year revenue was 1.53 billion, down from 1.50billionin2022[27].−Value−addedservicesrevenueincreasedto1.50 billion in 2022[27]. - Value-added services revenue increased to 59.9 million in Q4 2023, up from 55.5millioninQ42022,withfull−yearrevenuerisingto55.5 million in Q4 2022, with full-year revenue rising to 225.8 million from 226.0million[27].−OperatingprofitforQ42023was226.0 million[27]. - Operating profit for Q4 2023 was 119.0 million, compared to 117.9millioninQ32023,and117.9 million in Q3 2023, and 472.9 million for the full year 2023, up from 494.3millionin2022[27].−NetprofitattributabletoWeiboshareholdersforQ42023was494.3 million in 2022[27]. - Net profit attributable to Weibo shareholders for Q4 2023 was 83.2 million, significantly higher than 8.9millioninQ32023,withfull−yearnetprofitat8.9 million in Q3 2023, with full-year net profit at 342.6 million, compared to 300.8millionin2022[27].−BasicearningspershareforQ42023was300.8 million in 2022[27]. - Basic earnings per share for Q4 2023 was 0.35, up from 0.04inQ32023,whilefull−yearbasicearningspershareincreasedto0.04 in Q3 2023, while full-year basic earnings per share increased to 1.45 from 1.27in2022[28].AssetsandLiabilities−Cashandcashequivalentsdecreasedto1.27 in 2022[28]. Assets and Liabilities - Cash and cash equivalents decreased to 2.58 billion as of December 31, 2023, from 1.89billionin2024[30].−Totalassetsdecreasedto1.89 billion in 2024[30]. - Total assets decreased to 7.28 billion as of December 31, 2023, compared to 6.50billionin2024[30].−Totalliabilitiesdecreasedto6.50 billion in 2024[30]. - Total liabilities decreased to 3.76 billion as of December 31, 2023, from 2.93billionin2024[31].−Shareholders′equityattributabletoWeiboshareholdersincreasedto2.93 billion in 2024[31]. - Shareholders' equity attributable to Weibo shareholders increased to 3.40 billion as of December 31, 2023, compared to 3.48billionin2024[31].Non−GAAPMetrics−Non−GAAPfinancialmetricsareusedtoreflectthecompany′songoingperformanceandprovidemeaningfulcomparisonsacrossperiods[20].−Thecompanyemphasizesthatnon−GAAPfinancialmetricsshouldbeviewedasasupplementtoGAAPmetricsandmaynotbecomparabletothoseusedbyothercompanies[22].−ForthethreemonthsendingDecember31,2023,thenon−GAAPoperatingprofitwas3.48 billion in 2024[31]. Non-GAAP Metrics - Non-GAAP financial metrics are used to reflect the company's ongoing performance and provide meaningful comparisons across periods[20]. - The company emphasizes that non-GAAP financial metrics should be viewed as a supplement to GAAP metrics and may not be comparable to those used by other companies[22]. - For the three months ending December 31, 2023, the non-GAAP operating profit was 145,856 thousand, representing a 10.7% increase from 131,700thousandinthepreviousquarter[33].−Thenon−GAAPoperatingprofitmarginforthethreemonthsendingDecember31,2023,was31131,700 thousand in the previous quarter[33]. - The non-GAAP operating profit margin for the three months ending December 31, 2023, was 31%, compared to 34% for the same period last year[35]. Conference Call - The company will hold a conference call on March 13, 2025, to discuss its financial performance and business operations[18]. Advertising Revenue - Advertising revenue from non-Alibaba advertisers for the three months ending December 31, 2023, was 358,848 thousand, showing a 5.5% increase from 345,528thousandinthepreviousquarter[37].OtherFinancialInformation−ThetotalnetincomeforthethreemonthsendingDecember31,2023,was345,528 thousand in the previous quarter[37]. Other Financial Information - The total net income for the three months ending December 31, 2023, was 463,667 thousand, a slight decrease from 464,480thousandinthepreviousquarter[37].−ThedilutedearningspershareattributabletoWeiboshareholdersforthethreemonthsendingDecember31,2023,was464,480 thousand in the previous quarter[37]. - The diluted earnings per share attributable to Weibo shareholders for the three months ending December 31, 2023, was 0.31, compared to 0.53inthepreviousquarter[33].−Thecompanyreportedatotalof246,382thousandsharesusedforcalculatingdilutedearningspershareforthethreemonthsendingDecember31,2023[35].−Therevenuefromvalue−addedservicesforthethreemonthsendingDecember31,2023,was0.53 in the previous quarter[33]. - The company reported a total of 246,382 thousand shares used for calculating diluted earnings per share for the three months ending December 31, 2023[35]. - The revenue from value-added services for the three months ending December 31, 2023, was 59,928 thousand, an increase from 55,000thousandinthepreviousquarter[37].−Thecompanyexperiencedanetinvestmentlossof55,000 thousand in the previous quarter[37]. - The company experienced a net investment loss of (25,544) thousand for the three months ending December 31, 2023, compared to a loss of $(16,905) thousand in the previous quarter[33].