Here's What's Concerning About Weibo's (NASDAQ:WB) Returns On Capital
HK stocks surged | Weibo-SW(09898) rose more than 4% and collaborated with Iqiyi to release popular drama and variety AI character accounts. The company may maintain a $0.2 billion annual dividend.
Weibo-SW(09898) is up over 4%, as of press time, up 4.25%, at HKD 67.45, with a turnover of 3.0098 million Hong Kong dollars.
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DBS: Weibo-SW (09898) may maintain an annual dividend of $200 million.
Weibo is currently shifting its marketing budget towards channels with higher ROI. According to Morgan Stanley, this should increase the ratio of DAU/MAU (daily/monthly active users).
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The Market Doesn't Like What It Sees From Weibo Corporation's (NASDAQ:WB) Earnings Yet
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The Weibo Corporation (NASDAQ:WB) First-Quarter Results Are Out And Analysts Have Published New Forecasts
Citi Maintains Weibo(WB.US) With Buy Rating, Cuts Target Price to $13
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BofA Securities Maintains Weibo(WB.US) With Sell Rating, Cuts Target Price to $8.6
UBS: Reiterates Weibo-SW (09898) “Buy” Rating Target Price of HK$90
The Zhitong Finance App learned that UBS released a research report stating that it reaffirmed the Weibo-SW (09898) “buy” rating. After the first quarter results were announced, the revenue forecast for the full year of this year remained unchanged, but the adjusted net profit forecast was raised by about 2%, and the target price was HK$90. The company's revenue for the first quarter fell 4.4% year on year, and the decline was narrower than forecast. Due to ideal sales and marketing savings, adjusted net profit exceeded the bank and market expectations by more than 20%. The bank pointed out that in terms of fixed exchange rates, Weibo's advertising revenue in the first quarter was flat year on year. Management believes that the advertising market will bottom out from the second quarter, while consumption performance in March and April seems to be weak, but note
Changes in Hong Kong stocks | Weibo-SW (09898) fell more than 5%. Net profit returned to mother in the first quarter was halved, advertising and marketing revenue fell 5% year on year
The Zhitong Finance App learned that Weibo-SW (09898) fell by more than 5%. As of press release, it was down 5.57% to HK$67.75, with a turnover of HK$5.9041 million. According to the news, Weibo announced financial results for the first quarter of 2024, with net revenue of US$395.5 million, down 4% year-on-year or flat based on fixed exchange rates. Net profit attributable to Weibo shareholders was US$494.38 million, down 50.8% year on year and 40.6% month on month. Advertising and marketing revenue for the first quarter was US$339 million, down 5% year over year. Advertising and marketing revenue (excluding Guang from Alibaba)