微博(09898) - 2024 Q3 - 季度业绩

Financial Performance - For Q3 2024, Weibo reported net revenue of $464.5 million, a 5% increase year-over-year from $442.2 million[10]. - Advertising and marketing revenue reached $398.6 million, up 2% from $389.3 million in the same quarter last year[10]. - Value-added services revenue grew by 25% year-over-year to $65.9 million, driven by upgrades in membership services[10]. - Operating profit for Q3 2024 was $141.3 million, maintaining an operating margin of 30%[4]. - Net profit attributable to Weibo shareholders was $130.6 million, with diluted earnings per share of $0.50, compared to $77.5 million and $0.32 in the same quarter last year[5]. - Non-GAAP operating profit was $164.5 million, with a non-GAAP operating margin of 35%[5]. - The company experienced a non-operating profit of $23.6 million in Q3 2024, compared to a non-operating loss of $28.4 million in the same period last year[11]. - Total costs and expenses for Q3 2024 were $323.2 million, a 5% increase from $308.2 million in the previous year[10]. - Total net revenue for the three months ended September 30, 2023, was $442.151 million, a slight increase from $437.873 million in the previous quarter[22]. - Advertising and marketing revenue for the same period was $389.301 million, compared to $375.277 million in the previous quarter, reflecting a growth of approximately 3%[22]. - Net profit attributable to Weibo shareholders for the three months ended September 30, 2023, was $77.489 million, down from $111.931 million in the previous quarter, indicating a decrease of about 31%[22]. - Operating profit for the three months ended September 30, 2023, was $133.986 million, compared to $135.385 million in the previous quarter, showing a marginal decline[22]. - The total cost and expenses for the three months ended September 30, 2023, amounted to $308.165 million, an increase from $302.488 million in the previous quarter[22]. - The company reported a decrease in value-added services revenue to $52.850 million for the three months ended September 30, 2023, down from $62.596 million in the previous quarter[22]. User Engagement - Monthly active users reached 587 million in September 2024, while daily active users averaged 257 million[6][7]. - The company anticipates continued focus on enhancing its advertising and marketing solutions to improve user engagement and revenue generation[20]. - Weibo is actively working on refining its social interest graph recommendation engine to better target audiences based on demographics and interests[18]. - The company faces risks related to user engagement and competition in the advertising market, which may impact future financial performance[20]. Cash and Investments - Total cash, cash equivalents, and short-term investments amounted to $2.2 billion as of September 30, 2024[12]. - Cash and cash equivalents decreased from $2,584,635 thousand at the end of 2023 to $1,203,977 thousand by September 30, 2024[26]. - Total assets decreased from $7,280,358 thousand at the end of 2023 to $6,625,116 thousand by September 30, 2024[29]. - The total liabilities decreased from $3,762,742 thousand at the end of 2023 to $2,947,175 thousand by September 30, 2024[29]. - Long-term investments increased from $1,320,386 thousand at the end of 2023 to $1,445,467 thousand by September 30, 2024[26]. - The company’s total equity attributable to Weibo shareholders increased from $3,398,735 thousand at the end of 2023 to $3,583,469 thousand by September 30, 2024[29]. Future Outlook - The company expects future revenue growth driven by increased advertising and value-added services[38]. - The revenue from value-added services is projected to reach $185,007 thousand for the nine months ending September 30, 2024, indicating a positive growth trend[38]. - The company is focusing on expanding its advertising client base beyond Alibaba to enhance revenue streams[38]. - New product and technology developments are expected to support market expansion and improve service offerings in the upcoming quarters[38].