Item 1. Identity of Directors, Senior Management and Advisers Not applicable. Item 2. Offer Statistics and Expected Timetable Not applicable. Item 3. Key Information Our Holding Company Structure and Contractual Arrangements with the VIEs and Their Respective Individual Shareholders Weibo Corporation is not an operating company in China, but a Cayman Islands holding company with no equity ownership in the VIEs. We conduct our operations in China through our PRC subsidiaries and the VIEs with which we have maintained contractual arrangements and their subsidiaries in China. PRC laws and regulations impose certain restrictions or prohibitions on foreign ownership of companies that engage in internet and other related businesses, including the provision of internet content and online game operations.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | % of Total |
|---|---|---|---|---|---|---|
Advertising and marketing revenues | $1.49B | $1.98B | $1.60B | $1.53B | $1.50B | 44% |
Revenues From Advertising Agencies | — | $1.50B | $1.24B | $1.10B | $1.01B | 30% |
Revenues from advertisers signing contracts with company directly | — | $479M | $357M | $437M | $487M | 14% |
Value-added services revenues | — | $276M | $240M | $226M | $256M | 8% |
Alibaba | — | $181M | $107M | $112M | $117M | 3% |
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.8B | 1.8B | 1.8B | 2.3B | 1.7B |
| Net Income | 301M | 301M | 343M | 86M | 428M | 313M |
| EPS | $1.16 | $1.16 | $1.43 | $0.36 | $1.86 | $1.38 |
| Free Cash Flow | 578M | 578M | 636M | 521M | 779M | 707M |
| ROIC | 15.5% | 25.9% | 36.2% | 20.9% | 26.4% | 49.8% |
| Gross Margin | 78.9% | 78.9% | 78.7% | 78.2% | 82.1% | 82.1% |
| Debt/Equity | 0.21 | 0.21 | 0.22 | 0.46 | 0.43 | 0.55 |
| Dividends/Share | $0.75 | $0.75 | $0.41 | - | - | - |
| Operating Income | 494M | 494M | 473M | 480M | 697M | 507M |
| Operating Margin | 28.2% | 28.2% | 26.9% | 26.2% | 30.9% | 30.0% |
| ROE | 8.6% | 8.7% | 10.1% | 2.6% | 11.9% | 11.1% |
| Shares Outstanding | 259M | 259M | 489M | 485M | 468M | 473M |
WEIBO Corp passes 5 of 9 quality checks, suggesting mixed fundamentals.
WEIBO Corp trades at 7.7x trailing earnings, compared to its 15-year median P/E of 19.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 4.0x vs a median of 20.9x. The company's 5-year average ROIC is 31.8% with a gross margin of 80.0%. Total shareholder yield (dividends) is 8.4%. At current prices, the estimated annualized return to fair value is +1.4%.
WEIBO Corp (WB) has a current P/E ratio of 7.7, compared to its historical median P/E of 19.5. The stock is currently considered Fair based on its historical valuation range.
WEIBO Corp (WB) has a 5-year average return on invested capital (ROIC) of 31.8%. This indicates strong capital allocation and a potential competitive advantage.
WEIBO Corp (WB) has a market capitalization of $2.3B. It is classified as a mid-cap stock.
Yes, WEIBO Corp (WB) pays a dividend with a trailing twelve-month yield of 8.42%.
Based on historical P/E analysis, WEIBO Corp (WB) appears fair. The current P/E of 7.7 is 61% below its historical median of 19.5. The estimated fair value CAGR (P/E method) is -10.3%.
WEIBO Corp (WB) operates in the Services-Computer Programming, Data Processing, Etc. industry, within the Technology sector.
WEIBO Corp (WB) reported annual revenue of $1.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
WEIBO Corp (WB) has a net profit margin of 17.1%. This is a healthy margin.
WEIBO Corp (WB) generated $578 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WEIBO Corp (WB) has a debt-to-equity ratio of 0.21. This indicates a conservatively financed balance sheet.
WEIBO Corp (WB) reported earnings per share (EPS) of $1.16 in its most recent fiscal year.
WEIBO Corp (WB) has a return on equity (ROE) of 8.7%. This indicates moderate shareholder returns.
WEIBO Corp (WB) has a 5-year average gross margin of 80.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 12 years of financial data for WEIBO Corp (WB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WEIBO Corp (WB) has a book value per share of $13.43, based on its most recent annual SEC filing.
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