微博 Weibo Corporation（WB）2025年第一季度财务业绩报告「NASDAQ」（英文版）（6页）.pdf

1、Weibo Announces First Quarter 2025 Unaudited Financial Results05/21/25BEIJING,May 21,2025/PRNewswire/-Weibo Corporation(Weibo or the Company)(Nasdaq:WB and HKEX:9898),a leading social media inChina,today announced its unaudited financial results for the first quarter ended March 31,2025.We are pleas

2、ed with our progresses made on the AI product front,said Gaofei Wang,CEO of Weibo.On the user front,we remain committed tocreating user value by focusing on the integration of Weibos social features and upgrade of the recommendation system.In the first quarter,we furthergrew our user community and d

3、eepened user engagement.On the AI application front,we have made Weibo Intelligent Search,our AI-poweredsearch function,available to all users.During the first quarter,both the user base and daily search queries of Weibo Intelligent Search achieved decentsequential growth.On the monetization front,w

4、e delivered solid performance of ad business,leveraging our strengths in content marketing andenhanced ad placement efficiency of our real-time-bidding information feed ad products.Benefiting from solid execution of disciplined spendingstrategy,our operating efficiency further improved,which laid fo

5、undation for us to invest for our product competitiveness,AI technology,as well asshareholder return.First Quarter 2025 Highlights Net revenues were US$396.9 million,flat year-over-year or an increase of 1%year-over-year on a constant currency basis1.Advertising and marketing revenues were US$339.1

6、million,flat year-over-year or an increase of 1%year-over-year on aconstant currency basis 1.Value-added services(VAS)revenues were US$57.7 million,an increase of 2%year-over-year or 3%year-over-year ona constant currency basis 1.Income from operations was US$110.3 million,representing an operating