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微博-SW(09898) - 2023 Q3 - 季度业绩
09898WB(09898)2023-11-09 09:08

Financial Performance - For Q3 2023, Weibo reported net revenue of 442.2million,adecreaseof3442.2 million, a decrease of 3% year-over-year, but a 2% increase when adjusted for fixed exchange rates[3]. - Advertising and marketing revenue was 389.3 million, down 1% year-over-year, or up 3% when adjusted for fixed exchange rates[3]. - Value-added services revenue decreased by 12% year-over-year to 52.9million,primarilyduetoadeclineingamingrelatedrevenue[4].TotalnetrevenueforthethreemonthsendedSeptember30,2023,was52.9 million, primarily due to a decline in gaming-related revenue[4]. - Total net revenue for the three months ended September 30, 2023, was 442.151 million, a decrease of 2.5% compared to 453.560millionforthesameperiodin2022[11].AdvertisingandmarketingrevenuefortheninemonthsendedSeptember30,2023,was453.560 million for the same period in 2022[11]. - Advertising and marketing revenue for the nine months ended September 30, 2023, was 1,130.275 million, down 6.3% from 1,206.106millionforthesameperiodin2022[11].Thecompanyreportedanetprofitattributabletoshareholdersof1,206.106 million for the same period in 2022[11]. - The company reported a net profit attributable to shareholders of (17.137) million for the three months ended September 30, 2023, compared to a profit of 81.387millionforthesameperiodin2022[11].FortheninemonthsendedSeptember30,2023,totalnetrevenuewas81.387 million for the same period in 2022[11]. - For the nine months ended September 30, 2023, total net revenue was 1,296,169 thousand, a decrease of 6.6% compared to 1,388,334thousandforthesameperiodin2022[19].ProfitabilityMetricsOperatingprofitforQ32023was1,388,334 thousand for the same period in 2022[19]. Profitability Metrics - Operating profit for Q3 2023 was 134.0 million, with an operating margin of 30%, compared to 27% in the same quarter last year[4]. - Non-GAAP operating profit was 163.9million,withanonGAAPoperatingmarginof37163.9 million, with a non-GAAP operating margin of 37%[4]. - Weibo reported a basic net loss per share attributable to shareholders of (0.07) for the three months ended September 30, 2022, compared to a profit of 0.33forthesameperiodin2023,reflectingasignificantimprovement[12].ThedilutednetincomepershareattributabletoWeiboshareholderswas0.33 for the same period in 2023, reflecting a significant improvement[12]. - The diluted net income per share attributable to Weibo shareholders was 0.57 for the three months ended September 30, 2023, compared to 0.50forthesameperiodin2022,reflectingapositivetrendinearnings[16].UserEngagementMonthlyactiveusersreached605millioninSeptember2023,withanetincreaseofapproximately21millionusersyearoveryear[3].Dailyactiveusersaveraged260millioninSeptember2023,reflectinganetincreaseofabout8millionusersyearoveryear[3].FinancialHealthAsofSeptember30,2023,Weibohadcash,cashequivalents,andshortterminvestmentstotaling0.50 for the same period in 2022, reflecting a positive trend in earnings[16]. User Engagement - Monthly active users reached 605 million in September 2023, with a net increase of approximately 21 million users year-over-year[3]. - Daily active users averaged 260 million in September 2023, reflecting a net increase of about 8 million users year-over-year[3]. Financial Health - As of September 30, 2023, Weibo had cash, cash equivalents, and short-term investments totaling 2.8 billion[5]. - The company reported a total asset value of 6,710,537thousandasofSeptember30,2023,downfrom6,710,537 thousand as of September 30, 2023, down from 7,129,454 thousand at the end of 2022, indicating a decrease in total assets[13]. - The total liabilities decreased to 3,433,087thousandasofSeptember30,2023,from3,433,087 thousand as of September 30, 2023, from 3,738,914 thousand at the end of 2022, indicating improved financial health[15]. Strategic Initiatives - The company plans to enhance its content ecosystem by increasing investments in key verticals to drive user engagement and monetization potential[2]. - The company emphasized a "mobile-first" approach in its advertising and marketing solutions, aiming to enhance user engagement and marketing effectiveness[9]. - The company is continuously improving its social interest graph recommendation engine to better target audiences based on demographics and behavior[9]. - The company is likely to continue focusing on enhancing its advertising revenue streams and exploring new market opportunities[19]. Future Outlook - Future outlook includes potential risks related to user growth and engagement, regulatory uncertainties in China, and competition in advertising and marketing expenditures[10]. - The management believes that non-GAAP financial metrics provide useful information for evaluating the company's ongoing performance and future prospects[8].