BEIJING,
“We had a solid quarter,” said
Third Quarter 2024 Highlights
- Net revenues were
US$464.5 million , an increase of 5% year-over-year or an increase of 3% year-over-year on a constant currency basis [1]. - Advertising and marketing revenues were
US$398.6 million , an increase of 2% year-over-year or flat year-over-year on a constant currency basis [1]. - Value-added services (“VAS”) revenues were
US$65.9 million , an increase of 25% year-over-year or an increase of 23% year-over-year on a constant currency basis [1]. - Income from operations was
US$141.3 million , representing an operating margin of 30%. - Net income attributable to Weibo’s shareholders was
US$130.6 million and diluted net income per share wasUS$0.50 . - Non-GAAP income from operations was
US$164.5 million , representing a non-GAAP operating margin of 35%. - Non-GAAP net income attributable to Weibo’s shareholders was
US$139.2 million and non-GAAP diluted net income per share wasUS$0.53 . - Monthly active users (“MAUs”) were 587 million in
September 2024 . - Average daily active users (“DAUs”) were 257 million in
September 2024 .
|
[1] We define constant currency (non-GAAP) by assuming that the average exchange rate in the third quarter of 2024 had been the same as it was in the third quarter of 2023, or |
Third Quarter 2024 Financial Results
For the third quarter of 2024, Weibo’s total net revenues were
Advertising and marketing revenues for the third quarter of 2024 were
Click Here to Read the Full Original Article at All News…
