Q2 revenue falls short of expectations, advertising revenue declines year-on-year, Weibo drops more than 3% | Financial Report News.
Weibo released its second quarter financial report for 2024 on August 22nd, which showed that the total revenue for the second quarter fell short of analysts' expectations. The adjusted net income was 0.1263 billion US dollars, exceeding analysts' expectations. Advertising revenue declined 3% year-on-year. Weibo's pre-market trading briefly rose more than 2%, but fell more than 3% after opening.
Guanglun Hui Bulletin Selection (Hong Kong stocks) | Baidu Group-SW (09888.HK) second quarter total revenue reached 33.9 billion yuan, non-online marketing revenue increased by 10% year-on-year.
【Today's Focus】Baidu Group-SW (09888.HK) reported total revenue of 33.9 billion yuan in the second quarter, with a 10% year-on-year increase in non-online marketing revenue. Baidu Group-SW (09888.HK) announced its second quarter performance for 2024, with total revenue of 33.9 billion yuan, roughly flat compared to last year; Baidu's core revenue was 26.7 billion yuan, a 1% year-on-year increase; online marketing revenue was 19.2 billion yuan, a 2% year-on-year decrease, and non-online marketing revenue was 7.5 billion yuan, a 10% year-on-year increase, mainly driven by the asia vets cloud business.
Hong Kong stock announcement: Netease-S second quarter gross profit was 16.042 billion yuan, a year-on-year increase of 11.6%. Multiple highly anticipated new Netease games made their debut on the leading game platform globally.
Netease-S (09999) released its second-quarter performance, with a gross profit of 16.042 billion yuan, an increase of 11.6% year-on-year. Multiple highly anticipated new games from NetEase made their debut on the global leading game platform; Bilibili-W (09626) achieved a gross profit of 1.833 billion yuan in the second quarter, a year-on-year increase of 49%, and achieved a continuous improvement in gross margin for the eighth consecutive quarter...
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Weibo announced its unaudited financial performance for the second quarter of 2024.
Beijing, China, August 22, 2024 - Weibo Limited (referred to as 'Weibo' or 'the Company') (NASDAQ: WB, Hong Kong Stock Exchange Code: 9898), China's leading social media company, today announced its unaudited financial performance for the second quarter ended June 30, 2024. 'In this quarter, our user activity and operational efficiency continued to improve,' said Wang Gaofei, CEO of Weibo. 'In terms of users, we focus on acquiring and engaging high-quality users, and there was an increase in user activity this quarter. In terms of content, we strengthened our core strengths and added'
Weibo's second quarter revenue was $0.438 billion with a monthly active user base of 0.583 billion.
Weibo-SW (09898.HK) released its financial results for the second quarter and midterm of 2024. In the second quarter of 2024, net income was $437.9 million, a decrease of 1% compared to the same period last year, or an increase of 1% based on fixed exchange rates. Advertising and marketing revenue was $375.3 million, a decrease of 3% compared to the same period last year, or a decrease of 1% based on fixed exchange rates. Value-added service revenue was $62.6 million, an increase of 15% compared to the same period last year, or an increase of 18% based on fixed exchange rates. Operating profit was $135.4 million, with an operating profit margin of 31%.
Express News | Weibo Corp - Q2 Non-Gaap Net Income Attributable US$126.3 Mln
Weibo Non-GAAP EPS of $0.48 Beats by $0.06, Revenue of $437.9M In-line
Weibo 2Q Rev $437.9M Vs. $440.2M >WB
Earnings Flash (WB) WEIBO CORPORATION Posts Q2 EPS $0.48, Vs. Street Est of $0.42
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Express News | Weibo Announces Second Quarter 2024 Unaudited Financial Results
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