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RichardChan
2021-05-10

Weibo EPS beats by $0.09, beats on revenue; provides outlook

Weibo Corporation (WB) ("Weibo" or the "Company") (NASDAQ: WB), a leading social media inChina, toda

Weibo EPS beats by $0.09, beats on revenue; provides outlook

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{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":190487376,"tweetId":"190487376","gmtCreate":1620644628695,"gmtModify":1634197468007,"author":{"id":3571374794365493,"idStr":"3571374794365493","authorId":3571374794365493,"authorIdStr":"3571374794365493","name":"RichardChan","avatar":"https://static.tigerbbs.com/64d5734e0b23f1d7188c4305c41dbc4b","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Like</body></html>","htmlText":"<html><head></head><body>Like</body></html>","text":"Like","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/190487376","repostId":1112709254,"repostType":4,"repost":{"id":"1112709254","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620640528,"share":"https://www.laohu8.com/m/news/1112709254?lang=&edition=full","pubTime":"2021-05-10 17:55","market":"us","language":"en","title":"Weibo EPS beats by $0.09, beats on revenue; provides outlook","url":"https://stock-news.laohu8.com/highlight/detail?id=1112709254","media":"Tiger Newspress","summary":"Weibo Corporation (WB) (\"Weibo\" or the \"Company\") (NASDAQ: WB), a leading social media inChina, toda","content":"Weibo Corporation (WB) (\"Weibo\" or the \"Company\") (NASDAQ: WB), a leading social media inChina, today announced its unaudited financial results for first quarter ended March 31, 2021.\"We started the year of 2021 with a strong quarter,\" saidGaofei Wang, CEO of Weibo. \"Weibo's user base and engagement continued to grow from prior quarter, leveraging our effective channel investments, enriched video offerings and our strength in social distribution and hot trends. On the monetization front, we are glad to see broad-based year-over-year growth across industries and robust momentum with certain differentiated ad products, demonstrating our competitiveness in fulfilling advertiser's increasing brand plus performance needs.\"Mr. Wangconcluded.<ul><li>Weibo Q1 Non-GAAP EPS of $0.57beats by $0.09; GAAP EPS of $0.22misses by $0.20.</li><li>Revenue of $458.9M (+41.9% Y/Y)beats by $25.06M.</li><li>Adjusted EBITDA of $256.73M vs. consensus of $$116.5M.</li><li>Advertising and marketing revenue of $390.0M (+42% Y/Y)&nbsp;&nbsp;vs. estimate $369.1M; VAS revenue of $68.9M (+44% Y/Y)&nbsp;&nbsp;vs.&nbsp;estimate $59.7M.</li><li>For thesecond quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis, reflecting Weibo's current and preliminary view, which is subject to change.</li></ul>Weibo&nbsp;rose&nbsp;more&nbsp;than&nbsp;3%&nbsp;in&nbsp;premarketing&nbsp;trading.<img src=\"https://static.tigerbbs.com/47b8e16c16e9a384ac2d300f7e9c1391\" tg-width=\"789\" tg-height=\"523\" referrerpolicy=\"no-referrer\">First Quarter 2021 Highlights<ul><li>Net revenues were $458.9 million, an increase of 42% year-over-year or an increase of 31% year-over-year on a constant currency basis[1].</li><li>Advertising and marketing revenues were $390.0 million, an increase of 42% year-over-year.</li><li>Value-added service (\"VAS\") revenues were $68.9 million, an increase of 44% year-over-year.</li><li>Income from operations was $108.6 million, representing an operating margin of 24%.</li><li>Non-GAAP income from operations was $137.5 million, representing a non-GAAP operating margin of 30%.</li><li>Net income attributable to Weibo was $49.8 million and diluted net income per share was $0.22.</li><li>Non-GAAP net income attributable to Weibo was $130.7 million and non-GAAP diluted net income per share was $0.57.</li><li>Monthly active users (\"MAUs\") were 530 million in March 2021, a decrease of 4% year-over-year and an increase of 2% quarter-over-quarter. Mobile MAUs represented 94% of MAUs.</li><li>Average daily active users (\"DAUs\") were 230 million in March 2021, a decrease of 5% year-over-year and an increase of 2% quarter-over-quarter.</li></ul>First Quarter 2021 Financial ResultsFor the first quarter of 2021, Weibo's total net revenues were $458.9 million, an increase of 42% compared to $323.4 million for the same period last year.Advertising and marketing revenues for the first quarter of 2021 were $390.0 million, an increase of 42% compared to $275.4 million for the same period last year. Advertising and marketing revenues excluding ad revenues from Alibaba were $356.7 million, an increase of 44% compared to $247.9 million for the same period last year, primarily attributable to broad-based robust growth of ad spend across industries from the trough for the same period last year.VAS revenues for the first quarter of 2021 were $68.9 million, an increase of 44% year-over-year compared to $48.0 million for the same period last year, mainly attributable to revenues derived from the interactive entertainment company acquired in November 2020.Costs and expenses for the first quarter of 2021 totaled $350.3 million, an increase of 32% compared to $265.4 million for the same period last year. The increase was primarily due to increased marketing expense and higher personal related cost.Income from operations for the first quarter of 2021 was $108.6 million, compared to $58.0 million for the same period last year. Operating margin was 24%, compared to 18% last year. Non-GAAP income from operations was $137.5 million, compared to $74.1 million for the same period last year. Non-GAAP operating margin was 30%, compared to 23% last year.Non-operating loss for the first quarter of 2021 was $44.7million, compared to an income of $10.0 million for the same period last year. Non-operating loss for the first quarter of 2021 mainly included (i) a $58.2 million net loss on sale of and fair value change of investments, which is excluded under non-GAAP measures; and (ii) a $13.5 million net interest and other income.Income tax expense were $14.9 million, compared to $15.9 million for the same period last year.Net income attributable to Weibo for the first quarter of 2021 was $49.8 million, compared to $52.1 million for the same period last year. Diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.22, at similar level for the same period last year. Non-GAAP net income attributable to Weibo for the first quarter of 2021 was $130.7 million, compared to $67.4 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.57, compared to $0.30 for the same period last year.As of March 31, 2021, Weibo's cash, cash equivalents and short-term investments totaled $3.41 billion. For the first quarter of 2021, cash provided by operating activities was $244.3 million, capital expenditures totaled $6.0 million, and depreciation and amortization expenses amounted to $12.4 million.Appointment of Independent DirectorThe Company announced that its board of directors has appointed Mr.Yan Wangas an independent director of the Company.Mr. Wangserved as a director of SINA Corporation, the parent of the Company from May 2003 to March 2021 and also held various executive roles in SINA since its inception. The appointment is effective immediately.Business OutlookFor the second quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis. This forecast reflects Weibo's current and preliminary view, which is subject to change.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Weibo EPS beats by $0.09, beats on revenue; provides outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeibo EPS beats by $0.09, beats on revenue; provides outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-05-10 17:55\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\nWeibo Corporation (WB) (\"Weibo\" or the \"Company\") (NASDAQ: WB), a leading social media inChina, today announced its unaudited financial results for first quarter ended March 31, 2021.\"We started the year of 2021 with a strong quarter,\" saidGaofei Wang, CEO of Weibo. \"Weibo's user base and engagement continued to grow from prior quarter, leveraging our effective channel investments, enriched video offerings and our strength in social distribution and hot trends. On the monetization front, we are glad to see broad-based year-over-year growth across industries and robust momentum with certain differentiated ad products, demonstrating our competitiveness in fulfilling advertiser's increasing brand plus performance needs.\"Mr. Wangconcluded.<ul><li>Weibo Q1 Non-GAAP EPS of $0.57beats by $0.09; GAAP EPS of $0.22misses by $0.20.</li><li>Revenue of $458.9M (+41.9% Y/Y)beats by $25.06M.</li><li>Adjusted EBITDA of $256.73M vs. consensus of $$116.5M.</li><li>Advertising and marketing revenue of $390.0M (+42% Y/Y)&nbsp;&nbsp;vs. estimate $369.1M; VAS revenue of $68.9M (+44% Y/Y)&nbsp;&nbsp;vs.&nbsp;estimate $59.7M.</li><li>For thesecond quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis, reflecting Weibo's current and preliminary view, which is subject to change.</li></ul>Weibo&nbsp;rose&nbsp;more&nbsp;than&nbsp;3%&nbsp;in&nbsp;premarketing&nbsp;trading.<img src=\"https://static.tigerbbs.com/47b8e16c16e9a384ac2d300f7e9c1391\" tg-width=\"789\" tg-height=\"523\" referrerpolicy=\"no-referrer\">First Quarter 2021 Highlights<ul><li>Net revenues were $458.9 million, an increase of 42% year-over-year or an increase of 31% year-over-year on a constant currency basis[1].</li><li>Advertising and marketing revenues were $390.0 million, an increase of 42% year-over-year.</li><li>Value-added service (\"VAS\") revenues were $68.9 million, an increase of 44% year-over-year.</li><li>Income from operations was $108.6 million, representing an operating margin of 24%.</li><li>Non-GAAP income from operations was $137.5 million, representing a non-GAAP operating margin of 30%.</li><li>Net income attributable to Weibo was $49.8 million and diluted net income per share was $0.22.</li><li>Non-GAAP net income attributable to Weibo was $130.7 million and non-GAAP diluted net income per share was $0.57.</li><li>Monthly active users (\"MAUs\") were 530 million in March 2021, a decrease of 4% year-over-year and an increase of 2% quarter-over-quarter. Mobile MAUs represented 94% of MAUs.</li><li>Average daily active users (\"DAUs\") were 230 million in March 2021, a decrease of 5% year-over-year and an increase of 2% quarter-over-quarter.</li></ul>First Quarter 2021 Financial ResultsFor the first quarter of 2021, Weibo's total net revenues were $458.9 million, an increase of 42% compared to $323.4 million for the same period last year.Advertising and marketing revenues for the first quarter of 2021 were $390.0 million, an increase of 42% compared to $275.4 million for the same period last year. Advertising and marketing revenues excluding ad revenues from Alibaba were $356.7 million, an increase of 44% compared to $247.9 million for the same period last year, primarily attributable to broad-based robust growth of ad spend across industries from the trough for the same period last year.VAS revenues for the first quarter of 2021 were $68.9 million, an increase of 44% year-over-year compared to $48.0 million for the same period last year, mainly attributable to revenues derived from the interactive entertainment company acquired in November 2020.Costs and expenses for the first quarter of 2021 totaled $350.3 million, an increase of 32% compared to $265.4 million for the same period last year. The increase was primarily due to increased marketing expense and higher personal related cost.Income from operations for the first quarter of 2021 was $108.6 million, compared to $58.0 million for the same period last year. Operating margin was 24%, compared to 18% last year. Non-GAAP income from operations was $137.5 million, compared to $74.1 million for the same period last year. Non-GAAP operating margin was 30%, compared to 23% last year.Non-operating loss for the first quarter of 2021 was $44.7million, compared to an income of $10.0 million for the same period last year. Non-operating loss for the first quarter of 2021 mainly included (i) a $58.2 million net loss on sale of and fair value change of investments, which is excluded under non-GAAP measures; and (ii) a $13.5 million net interest and other income.Income tax expense were $14.9 million, compared to $15.9 million for the same period last year.Net income attributable to Weibo for the first quarter of 2021 was $49.8 million, compared to $52.1 million for the same period last year. Diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.22, at similar level for the same period last year. Non-GAAP net income attributable to Weibo for the first quarter of 2021 was $130.7 million, compared to $67.4 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.57, compared to $0.30 for the same period last year.As of March 31, 2021, Weibo's cash, cash equivalents and short-term investments totaled $3.41 billion. For the first quarter of 2021, cash provided by operating activities was $244.3 million, capital expenditures totaled $6.0 million, and depreciation and amortization expenses amounted to $12.4 million.Appointment of Independent DirectorThe Company announced that its board of directors has appointed Mr.Yan Wangas an independent director of the Company.Mr. Wangserved as a director of SINA Corporation, the parent of the Company from May 2003 to March 2021 and also held various executive roles in SINA since its inception. The appointment is effective immediately.Business OutlookFor the second quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis. This forecast reflects Weibo's current and preliminary view, which is subject to change.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WB":"微博"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112709254","content_text":"Weibo Corporation (WB) (\"Weibo\" or the \"Company\") (NASDAQ: WB), a leading social media inChina, today announced its unaudited financial results for first quarter ended March 31, 2021.\"We started the year of 2021 with a strong quarter,\" saidGaofei Wang, CEO of Weibo. \"Weibo's user base and engagement continued to grow from prior quarter, leveraging our effective channel investments, enriched video offerings and our strength in social distribution and hot trends. On the monetization front, we are glad to see broad-based year-over-year growth across industries and robust momentum with certain differentiated ad products, demonstrating our competitiveness in fulfilling advertiser's increasing brand plus performance needs.\"Mr. Wangconcluded.Weibo Q1 Non-GAAP EPS of $0.57beats by $0.09; GAAP EPS of $0.22misses by $0.20.Revenue of $458.9M (+41.9% Y/Y)beats by $25.06M.Adjusted EBITDA of $256.73M vs. consensus of $$116.5M.Advertising and marketing revenue of $390.0M (+42% Y/Y)  vs. estimate $369.1M; VAS revenue of $68.9M (+44% Y/Y)  vs. estimate $59.7M.For thesecond quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis, reflecting Weibo's current and preliminary view, which is subject to change.Weibo rose more than 3% in premarketing trading.First Quarter 2021 HighlightsNet revenues were $458.9 million, an increase of 42% year-over-year or an increase of 31% year-over-year on a constant currency basis[1].Advertising and marketing revenues were $390.0 million, an increase of 42% year-over-year.Value-added service (\"VAS\") revenues were $68.9 million, an increase of 44% year-over-year.Income from operations was $108.6 million, representing an operating margin of 24%.Non-GAAP income from operations was $137.5 million, representing a non-GAAP operating margin of 30%.Net income attributable to Weibo was $49.8 million and diluted net income per share was $0.22.Non-GAAP net income attributable to Weibo was $130.7 million and non-GAAP diluted net income per share was $0.57.Monthly active users (\"MAUs\") were 530 million in March 2021, a decrease of 4% year-over-year and an increase of 2% quarter-over-quarter. Mobile MAUs represented 94% of MAUs.Average daily active users (\"DAUs\") were 230 million in March 2021, a decrease of 5% year-over-year and an increase of 2% quarter-over-quarter.First Quarter 2021 Financial ResultsFor the first quarter of 2021, Weibo's total net revenues were $458.9 million, an increase of 42% compared to $323.4 million for the same period last year.Advertising and marketing revenues for the first quarter of 2021 were $390.0 million, an increase of 42% compared to $275.4 million for the same period last year. Advertising and marketing revenues excluding ad revenues from Alibaba were $356.7 million, an increase of 44% compared to $247.9 million for the same period last year, primarily attributable to broad-based robust growth of ad spend across industries from the trough for the same period last year.VAS revenues for the first quarter of 2021 were $68.9 million, an increase of 44% year-over-year compared to $48.0 million for the same period last year, mainly attributable to revenues derived from the interactive entertainment company acquired in November 2020.Costs and expenses for the first quarter of 2021 totaled $350.3 million, an increase of 32% compared to $265.4 million for the same period last year. The increase was primarily due to increased marketing expense and higher personal related cost.Income from operations for the first quarter of 2021 was $108.6 million, compared to $58.0 million for the same period last year. Operating margin was 24%, compared to 18% last year. Non-GAAP income from operations was $137.5 million, compared to $74.1 million for the same period last year. Non-GAAP operating margin was 30%, compared to 23% last year.Non-operating loss for the first quarter of 2021 was $44.7million, compared to an income of $10.0 million for the same period last year. Non-operating loss for the first quarter of 2021 mainly included (i) a $58.2 million net loss on sale of and fair value change of investments, which is excluded under non-GAAP measures; and (ii) a $13.5 million net interest and other income.Income tax expense were $14.9 million, compared to $15.9 million for the same period last year.Net income attributable to Weibo for the first quarter of 2021 was $49.8 million, compared to $52.1 million for the same period last year. Diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.22, at similar level for the same period last year. Non-GAAP net income attributable to Weibo for the first quarter of 2021 was $130.7 million, compared to $67.4 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.57, compared to $0.30 for the same period last year.As of March 31, 2021, Weibo's cash, cash equivalents and short-term investments totaled $3.41 billion. For the first quarter of 2021, cash provided by operating activities was $244.3 million, capital expenditures totaled $6.0 million, and depreciation and amortization expenses amounted to $12.4 million.Appointment of Independent DirectorThe Company announced that its board of directors has appointed Mr.Yan Wangas an independent director of the Company.Mr. Wangserved as a director of SINA Corporation, the parent of the Company from May 2003 to March 2021 and also held various executive roles in SINA since its inception. The appointment is effective immediately.Business OutlookFor the second quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis. This forecast reflects Weibo's current and preliminary view, which is subject to change.","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}