Weibo (NASDAQ:WB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$464.5m (up 5.1% from 3Q 2023).

• Net income: US$130.6m (up 69% from 3Q 2023).

• Profit margin: 28% (up from 18% in 3Q 2023). The increase in margin was primarily driven by lower expenses.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Weibo Revenues Beat Expectations

Revenue exceeded analyst estimates by 6.5%.

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are up 9.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Weibo that we have uncovered.

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