Core Viewpoint - Weibo's Q3 2025 financial report shows a decline in revenue, indicating potential challenges in its advertising and value-added services segments [1] Financial Performance - Total revenue for Q3 2025 is $442 million, representing a year-over-year decrease of 5% [1] - Advertising and marketing revenue amounts to $375 million, while value-added services (VAS) revenue is $66.9 million [1] - Non-GAAP net profit stands at $111 million [1] User Metrics - As of the end of Q3, Weibo has 578 million monthly active users and 257 million daily active users [1]

（文章来源：第一财经） 11月18日，微博发布2025年第三季度财报。三季度微博总营收4.423亿美元，约合人民币31.56亿元，其 中广告营收3.754亿美元，约合人民币26.77亿元，三季度调整后运营利润1.32亿美元，约合人民币9.37亿 元。 用户方面，截至三季度末，微博的月活跃用户达到5.78亿，日活跃用户达到2.57亿。 ...

Core Insights - Weibo reported a 6% year-over-year decline in advertising and marketing revenue for Q3 2025, amounting to $375.4 million, primarily due to reduced contributions from the food and beverage sector, which had benefited significantly from the Paris Olympics in the same period last year [1] - This decline was partially offset by robust growth in advertising revenue from the e-commerce and automotive sectors [1] - Excluding advertising revenue from Alibaba, Weibo's advertising and marketing revenue was $329.9 million, reflecting a 13% year-over-year decrease [1] - Advertising revenue from Alibaba reached $45.5 million, marking a 112% year-over-year increase, driven by higher advertising budgets in its local services business and strong marketing demand in its e-commerce operations during Q3 [1]

Core Insights - Weibo-SW reported a net income of approximately $442 million for Q3 2025, a year-on-year decrease of 4.77% [1] - The net profit attributable to Weibo shareholders was $221 million, reflecting a significant year-on-year increase of 69.33% [1] - Monthly active users reached 578 million in September 2025, with daily active users averaging 257 million [1] Financial Performance - For the first three quarters of 2025, Weibo achieved a net income of $1.284 billion, a slight decrease of 1.07% year-on-year [1] - The net profit attributable to Weibo shareholders for the same period was $454 million, marking a year-on-year increase of 55.43% [1] - Basic earnings per share for Q3 2025 were $0.93, while for the first three quarters, it was $1.90 [1] Advertising and Marketing Revenue - Q3 2025 advertising and marketing revenue was $375 million, down 6% from $399 million in the same period last year [1] - Excluding advertising revenue from Alibaba, the advertising and marketing revenue was approximately $330 million, a decline of 13% from $377 million year-on-year [1] User Engagement and Product Development - The CEO expressed satisfaction with the progress of Weibo's intelligent search, highlighting improvements in user product offerings and the transformation of the homepage information flow [2] - The application of artificial intelligence in search and advertising has led to strong growth in user engagement and search volume [2] - The company is focusing on enhancing content marketing advantages and improving the conversion rates of information flow advertisements [2]

Core Insights - Weibo's Q3 2025 financial performance shows a decline in net revenue but a significant increase in net profit compared to the previous year [1] - The company is focusing on enhancing user engagement and monetization through AI technology and improved advertising strategies [2] Financial Performance - Q3 2025 net revenue was approximately $442 million, a year-on-year decrease of 4.77% [1] - Net profit attributable to Weibo shareholders for Q3 2025 was $221 million, a year-on-year increase of 69.33% [1] - Basic earnings per share for Q3 2025 were $0.93 [1] - For the first three quarters of 2025, net revenue totaled $1.284 billion, a year-on-year decrease of 1.07% [1] - Net profit attributable to Weibo shareholders for the first three quarters was $454 million, a year-on-year increase of 55.43% [1] - Basic earnings per share for the first three quarters were $1.90 [1] User Engagement - As of September 2025, Weibo had 578 million monthly active users and 257 million daily active users [1] - The company has made improvements to its homepage information flow product to enhance user content consumption [2] Advertising and Monetization - Q3 2025 advertising and marketing revenue was $375 million, a decrease of 6% from $399 million in the same period last year [1] - Advertising and marketing revenue, excluding income from Alibaba, was approximately $330 million, down 13% from $377 million year-on-year [1] - Weibo is focusing on strengthening its content marketing advantages and improving the conversion rates of information flow advertisements [2] - The application of AI technology in advertising is being enhanced to improve monetization efficiency [2]

Core Insights - Weibo (WB.US) shares rose by 3% to $10.25 in pre-market trading, despite a year-over-year decline in net revenue for Q3 2025 [1] - The company reported a net income of $442 million, down 5% year-over-year, with advertising revenue at $375 million, a decrease of 6% [1] - Non-GAAP net profit was $111 million, reflecting a 20% decline compared to the previous year [1] - Notably, advertising revenue from Alibaba surged by 112% to $45.5 million, indicating strong growth in this segment [1] - Weibo also launched its first self-developed open-source large model, Vibe Thinker, showcasing its commitment to innovation [1] Financial Performance - Q3 2025 net revenue: $442 million, down 5% year-over-year [1] - Advertising revenue: $375 million, down 6% year-over-year [1] - Non-GAAP net profit: $111 million, down 20% year-over-year [1] - Alibaba advertising revenue: $45.5 million, up 112% year-over-year [1] Stock Performance - Pre-market price: $10.25, up 3% [2] - Closing price on November 17: $9.95, down 1.09% [2] - 52-week high: $12.96; 52-week low: $6.864 [2] - Total market capitalization: $2.436 billion [2] - Price-to-earnings ratio: 8.58 [2] - Dividend yield: 8.24% [2]

人民财讯11月18日电，11月18日，微博发布2025年第三季度财报显示，今年7月至9月，微博总营收 4.423亿美元，约合人民币31.56亿元，其中广告营收3.754亿美元，约合人民币26.77亿元，三季度调整后 运营利润1.32亿美元，约合人民币9.37亿元。用户方面，截至三季度末，微博的月活跃用户达到5.78 亿，日活跃用户达到2.57亿。 ...

Financial Performance - In Q3 2025, Weibo's net revenue was $442.3 million, a decrease of 5% year-over-year, or a 4% decrease when adjusted for fixed exchange rates [1] - Advertising and marketing revenue amounted to $375.4 million, down 6% year-over-year, or a 5% decrease when adjusted for fixed exchange rates [1] - Value-added services revenue reached $66.9 million, an increase of 2% year-over-year, with no change when adjusted for fixed exchange rates [1] - Operating profit was $117.3 million, with an operating margin of 27% [1] - Net profit attributable to Weibo shareholders was $221.1 million, with diluted earnings per share of $0.83 [1] - Non-GAAP operating profit was $132 million, with a non-GAAP operating margin of 30% [1] - Non-GAAP net profit attributable to Weibo shareholders was $110.7 million, with non-GAAP diluted earnings per share of $0.42 [1] Strategic Developments - The CEO expressed satisfaction with the progress of Weibo's intelligent search, indicating improvements in user product offerings and the transformation of the homepage information flow to enhance user content consumption [2] - There was strong growth in user scale and search volume for Weibo's intelligent search in Q3, which contributed to an overall increase in platform search volume [2] - The company reinforced its content marketing advantages and improved the conversion rates of information flow advertisements [2] - Weibo is enhancing the application of artificial intelligence technology throughout the advertising process to further improve monetization efficiency [2]

Core Insights - Weibo reported Q3 2025 total revenue of $442.3 million, approximately RMB 3.156 billion, with advertising revenue of $375.4 million, approximately RMB 2.677 billion, and adjusted operating profit of $132 million, approximately RMB 937 million [1] - As of the end of Q3, Weibo's monthly active users reached 578 million, with daily active users at 257 million [1] - The company's strategy for 2025 focuses on enhancing user value, maintaining leadership in trending and entertainment content, and investing in recommendation and search systems to boost user scale and engagement [1] Group 1: Content Ecosystem and User Engagement - In Q3, Weibo leveraged summer and trending events to enhance the supply and distribution of interest-based content, effectively stimulating the platform's content ecosystem [2] - Weibo generated 60,500 trending topics in Q3, with 29% in social issues, 38% in entertainment, and 33% in vertical interests [2] - The social topic of the 93rd National Day parade resonated deeply, with over 300 million users engaging with related trending topics, showcasing high user interaction [2] Group 2: AI Integration and Search Functionality - Weibo advanced AI technology applications across multiple business scenarios, achieving significant results in Q3 [3] - The search functionality, "Smart Search," improved user intent understanding and content matching, transitioning from traditional search to continuous, exploratory dialogue [3] - Smart Search's monthly active users surpassed 70 million, with daily active users and search volume increasing by over 50% quarter-on-quarter [3] Group 3: Advertising Performance and AI Utilization - Weibo enhanced AI technology across the entire advertising process, with AI-generated content accounting for 21% of effective ads by the end of September [4] - The upgraded AI advertising model showed significant performance improvements, with app download ad conversion efficiency up by 8% and form submission ad conversion efficiency up by 19% [4] - In Q4, Weibo plans to expand "brand + content" marketing in key industries and continue applying AI in creative generation and ad optimization [4]

可现实呢，2022年，马斯克以440亿美元买下推特，一进门就开始"大扫除"——7500名员工，只留1500人，大批人收到的裁员通知只是一封冷冰冰的电子邮 件。 曾几何时，那个在《意林》杂志和中学英语课本里被描绘得光鲜亮丽的"美国梦"，如今，看起来更像是一场醒不过来的噩梦。 那些我们从小听说的"美国梦"，也许根本就是一个精心包装的剧本？有钱、有房、有自由，听起来是不是熟得像是广告词？ 没有谈话，没有解释，甚至连"再见"都省了。这场被称为"硅谷最狠裁员"的行动，就像一块砸碎滤镜的石头，把美国一直小心遮掩的那块遮羞布，撕得粉 碎。 在美国，很多人不知道自己什么时候会失业，也不知道为什么就失业了。因为在美国不少州，公司的"开除权"几乎不受限制。 所谓"自由雇佣"，说白了就是：老板想让你走，你就得走，连理由都不需要给你一个。推特大裁员后，有前员工试图通过法律维权，但最终多数败诉。 原因很简单，美国的劳工制度本身就默认雇主处于优势地位。更讽刺的是，同样是被解雇，底层员工拿几个月工资打发走人，而高管们却凭"黄金降落伞"拿 走了数亿美元赔偿款。 这里不是讲平等，这里讲的是合同条款精不精。普通员工的命运靠公司一句话决定，而精英 ...