微博 Weibo Corporation（WB）2024年第二季度财报「NASDAQ」（英文版）（5页）.pdf

1、Weibo Announces Second Quarter 2024 Unaudited Financial Results08/22/24BEIJING,Aug.22,2024/PRNewswire/-Weibo Corporation(Weibo or the Company)(Nasdaq:WB and HKEX:9898),a leading social media in China,today announced itsunaudited financial results for the second quarter ended June 30,2024.Our user en

2、gagement and operating efficiency have further improved this quarter,said Gaofei Wang,CEO of Weibo.On the user front,we emphasized on the acquisition andengagement of high quality users and saw improved user engagement this quarter.On the content front,we further optimized our content ecosystem thro

3、ugh reinforcement of ourcore strength and solid execution of our vertical content strategy.On the monetization front,we are encouraged to see Weibos strength in hot trends and vertical contentecosystem has become the key driver of topline recovery.Underpinned by our stabilized overall business and c

4、onsistent disciplined spending,our operating efficiency hasimproved this quarter.Second Quarter 2024 HighlightsNet revenues were US$437.9 million,a decrease of 1%year-over-year or an increase of 1%year-over-year on a constant currency basis 1.Advertising and marketing revenues were US$375.3 million,

5、a decrease of 3%year-over-year or a decrease of 1%year-over-year on a constantcurrency basis 1.Value-added services(VAS)revenues were US$62.6 million,an increase of 15%year-over-year or an increase of 18%year-over-year on aconstant currency basis 1.Income from operations was US$135.4 million,represe

6、nting an operating margin of 31%.Net income attributable to Weibos shareholders was US$111.9 million and diluted net income per share was US$0.43.Non-GAAP income from operations was US$157.6 million,representing a non-GAAP operating margin of 36%.Non-GAAP net income attributable to Weibos shareholde