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Weibo | 6-K: Report of foreign private issuer (related to financial reporting)

SEC ·  Mar 13 10:04

Summary by Moomoo AI

Weibo reported Q4 2024 revenue of $456.8M, down 1% YoY, with advertising revenue declining 4% to $385.9M and VAS revenue growing 18% to $71.0M. Operating income reached $117.9M with a 26% margin. Monthly active users stood at 590M and daily active users at 260M in December 2024.For fiscal year 2024, total revenue was $1.75B, flat YoY, with operating income of $494.3M and operating margin of 28%. Net income attributable to shareholders was $300.8M, with non-GAAP net income at $478.6M. The company maintained solid operating efficiency with non-GAAP operating margin at 33%.The Board adopted a dividend policy and declared its first annual dividend of $0.82 per share for fiscal 2024, with total payout of approximately $200M. The dividend will be paid around May 8, 2025 for ordinary shareholders and May 15, 2025 for ADS holders, with April 9, 2025 as the record date.
Weibo reported Q4 2024 revenue of $456.8M, down 1% YoY, with advertising revenue declining 4% to $385.9M and VAS revenue growing 18% to $71.0M. Operating income reached $117.9M with a 26% margin. Monthly active users stood at 590M and daily active users at 260M in December 2024.For fiscal year 2024, total revenue was $1.75B, flat YoY, with operating income of $494.3M and operating margin of 28%. Net income attributable to shareholders was $300.8M, with non-GAAP net income at $478.6M. The company maintained solid operating efficiency with non-GAAP operating margin at 33%.The Board adopted a dividend policy and declared its first annual dividend of $0.82 per share for fiscal 2024, with total payout of approximately $200M. The dividend will be paid around May 8, 2025 for ordinary shareholders and May 15, 2025 for ADS holders, with April 9, 2025 as the record date.
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