微博：3Q24 results beat on Olympic event; 4Q24 outlook remains under pressure

20 Nov 2024 CMB International Global Markets | Equity Research | Company Update Weibo (WB US) 3Q24 results beat on Olympic event; 4Q24 outlook remains under pressure Weibo announced 3Q24 results on 19 Nov: net revenue was up by 5% YoY (+3% YoY on a constant currency basis) to US$465mn, 7% ahead of Bloomberg consensus estimates thanks to the stabilization of advertising revenue and better-than-expected growth of VAS revenue; non-GAAP net income grew by 2% YoY to US$139mn, beating consensus by 16% mainly due ...