Weibo Corp WB

Communication ServicesSoftware & IT ServicesChina

Last close 6.35 USD on Nov 2, 2026, −33.6% year to date

Quant rating

Quant rating C Rank 88 of 152 in Communication Services

Growth C 66 of 152
Valuation B 47 of 152
Quality B 28 of 152
Revisions D 111 of 152
Momentum D 123 of 152

Wall Street consensus Hold (2.62)Average target 8.36 USD +31.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.5B
Enterprise value: 836M
52-week range: 6.09 – 11.28
3-year range: 6.09 – 12.83
Dividend yield: 9.82%
Beta (5 years): 0.13
Shares outstanding: 246M
Next earnings: Nov 17, 2026

About the company

Weibo Corp is a China-based company mainly engaged in social media advertising business. The Company operates two segments. Advertising and Marketing segment mainly provides a full range of advertising customization and marketing solutions. Value-added Services segment mainly provides services such as membership services on social platforms, online games, live broadcasts, social e-commerce and others. The Company also engages in internet and other related businesses, including the provision of internet content and online game operations. The Company's users can create, discover, consume and share various formats of content, including text, photo, video, live streaming and audio on the Weibo platform. The Company's main product is the social platform Weibo.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,757	1,755	1,760	1,836	2,257	–
Revenue growth	0.1%	−0.3%	−4.2%	−18.6%	33.6%	0.8%
EPS (basic, normalized)	1.65	1.82	1.88	2.27	3.08	–
EPS growth	−9.3%	−3.2%	−17.2%	−26.3%	–	–
Gross margin	76.0%	78.9%	78.7%	78.2%	82.1%	78.8%
Net margin	25.6%	17.1%	19.5%	4.7%	19.0%	17.2%
ROE	12.1%	8.7%	10.2%	2.5%	13.4%	9.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	2,637
Current ratio	3.59x
Long-term debt (mil)	1,867
Net debt (mil)	−695
Total equity (mil)	3,991
Net debt / equity	−0.17x
Net debt / EBITDA	−1.22x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	1,757	+0.1%	0.5x	569	−1.0%	1.5x	1.65	−9.3%	3.8x
2026	1,751	−0.4%	0.5x	439	−23.0%	1.9x	1.21	−26.7%	5.3x
2027	1,764	+0.7%	0.5x	445	+1.5%	1.9x	1.25	+3.2%	5.1x
2028	1,792	+1.6%	0.5x	473	+6.2%	1.8x	1.31	+4.8%	4.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,751	−0.4%	−2.8%	−6.5%	1.21	−1.8%	−14.1%	−25.6%
2027	1,764	−0.5%	−4.1%	−7.7%	1.25	−1.7%	−13.5%	−26.7%
2028	1,792	−0.9%	−4.5%	−8.1%	1.31	−2.2%	−13.4%	−26.2%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	395	438	464	457	397	445	442	473	421	454
Sales mean (mil)	393	437	447	452	393	437	440	444	417	439
Surprise	+0.8%	+0.2%	+3.8%	+1.0%	+1.0%	+1.8%	+0.6%	+6.7%	+1.0%	+3.3%
EPS reported	0.41	0.48	0.53	0.40	0.45	0.54	0.42	0.25	0.34	0.38
EPS mean	0.36	0.41	0.48	0.40	0.37	0.45	0.41	0.31	0.37	0.36
Surprise	+12.5%	+17.5%	+11.4%	−0.8%	+22.7%	+20.5%	+1.2%	−19.7%	−8.1%	+6.3%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
WB Weibo Corp	1.5B	−1.22x	25.6%	0.39x	5.3x	5.1x	1.9x	1.9x
0700 Tencent Holdings Limited	454.6B	0.29x	29.9%	2.66x	11.5x	11.0x	8.7x	8.0x
META Meta Platforms, Inc.	1.58T	0.01x	37.1%	5.69x	21.0x	18.0x	11.3x	8.8x
NFLX Netflix, Inc.	256.0B	0.49x	24.3%	8.74x	17.4x	16.5x	15.4x	13.3x
BABA Alibaba Group Holding Limited	252.5B	−0.48x	10.3%	1.50x	15.1x	10.7x	9.4x	6.8x
PDD PDD Holdings Inc.	116.3B	−4.50x	22.7%	1.73x	7.9x	6.6x	3.0x	2.6x
Mean		−0.90x	25.0%	3.45x	13.0x	11.3x	8.3x	6.9x
Median		−0.23x	24.9%	2.19x	13.3x	10.8x	9.1x	7.4x

Technical analysis

1M+0.3%
3M−22.1%
1Y−37.6%
3Y−22.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Weibo Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,757	1,755	1,760	1,836	2,257	1,690
Cost of revenue	422	370	374	401	404	302
Gross profit	1,335	1,385	1,386	1,436	1,853	1,388
Selling, general & administrative expenses	546	582	579	530	725	557
Research & development	324	309	334	415	431	324
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	6.0	93.4	23.6	81.3	107	212
Other operating expenses	0	0	0	0	0	0
Operating income	459	401	449	409	591	295
Net interest income (expense)	133	24.6	53.8	−232	−49.1	76.1
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	13.9	−4.9	−0.3	−49.0	9.2	5.0
Net income before taxes	606	421	503	128	551	376
Provision for taxes	145	111	145	30.3	139	61.3
Minority interest	−12.1	−9.3	−14.9	−12.3	16.4	−1.2
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	449	301	343	85.6	428	313
Extraordinary items	–	–	–	–	–	–
Net income	449	301	343	85.6	428	313
EBIT, normalized	465	494	473	491	697	507
EBITDA, normalized	524	552	531	545	752	539
Basic EPS, normalized	1.65	1.82	1.88	2.27	3.08	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Weibo Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	2,405	2,350	3,226	3,171	3,135	3,497
Receivables	1,086	1,018	927	990	1,217	1,041
Total inventory	–	–	–	–	–	–
Prepaid expenses	6.4	45.8	349	376	431	288
Other current assets	79.4	77.9	11.0	16.0	19.5	9.0
Total current assets	3,577	3,492	4,513	4,552	4,803	4,835
Property, plant & equipment	436	370	391	440	129	67.8
Goodwill	169	162	166	120	130	61.7
Intangibles	96.3	110	134	125	167	147
Long-term investments	1,663	1,389	1,320	994	1,208	1,179
Note receivable	438	358	–	–	–	–
Other long-term assets	711	623	756	898	1,083	44.6
Total assets	7,091	6,504	7,280	7,129	7,520	6,335
Liabilities
Accounts payable	249	158	161	161	198	150
Payable/accrued	–	–	–	–	–	–
Accrued expenses	648	652	667	924	829	562
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	0	799	0	897	–
Other current liabilities	158	157	170	135	236	247
Total current liabilities	1,056	968	1,797	1,220	2,159	958
Long-term debt	1,864	1,861	1,853	2,422	1,538	2,429
Minority interest	86.8	96.1	119	60.3	94.2	73.9
Other liabilities	164	96.7	112	97.4	134	61.9
Total liabilities	3,170	3,022	3,882	3,799	3,926	3,523
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.1	0.1	0.1	0.1	0.1	0.1
Additional paid-in capital	1,552	1,505	1,429	1,446	1,477	1,202
Retained earnings (accumulated deficit)	2,547	2,294	2,188	2,045	1,960	1,531
Treasury stock	–	–	–	−57.7	–	–
Other equity	−178	−316	−218	−103	157	79.5
Total equity	3,921	3,483	3,399	3,330	3,594	2,812
Total liabilities & shareholders' equity	7,091	6,504	7,280	7,129	7,520	6,335

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Weibo Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	461	310	357	97.8	412	315
Depreciation, depletion & amortization	59.1	58.1	58.5	54.7	55.0	32.1
Deferred taxes	55.9	17.7	24.0	−24.8	−12.5	−15.7
Non-cash items	−62.5	203	131	527	306	294
Changes in working capital	6.0	50.6	102	−90.9	54.0	116
Cash from operations	519	640	673	564	814	742
Investing activities
Capital expenditures	−42.4	−61.5	−36.8	−43.1	−35.1	−34.8
Other investing cash flows	109	−185	−700	10.1	−389	−1,179
Cash from investing	66.6	−247	−737	−33.0	−424	−1,214
Financing activities
Financing cash flow items	−27.5	−33.7	−4.9	−5.4	0	1.5
Cash dividends paid	−196	−194	−200	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−4.2	−801	227	−85.7	189	740
Cash from financing	−227	−1,029	21.7	−91.1	189	742
Foreign exchange effects	49.5	−57.6	−63.8	−173	29.4	92.6
Net change in cash	408	−694	−106	267	609	362
Free cash flow	477	578	636	521	779	707

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.