Weibo Corporation(NASDAQ:WB)

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products ...
Website: http://www.weibo.com
Founded: 2010
IPO Price: $17 (Apr 17, 2014)
Full Time Employees: 4,126
CEO: Gaofei Wang
Sector: Communication Services
Industry: Internet Content & Information
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| Unit: USD | 2025-11-18 | 2025-08-14 | 2025-05-21 | 2025-03-13 | 2024-12-31 | 2024-11-19 | 2024-08-22 | 2024-05-23 | 2024-03-14 | 2023-12-31 | 2023-11-09 | 2023-09-30 | 2023-08-24 | 2023-05-25 | 2023-03-01 | 2022-12-31 | 2022-11-17 | 2022-09-01 | 2022-06-01 | 2022-03-04 | 2021-12-31 | 2021-11-12 | 2021-09-30 | 2021-08-19 | 2021-05-11 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-05-31 | 2020-02-29 | 2019-12-31 | 2019-11-30 | 2019-08-31 | 2019-05-31 | 2019-03-31 | 2018-12-31 | 2018-11-30 | 2018-08-31 | 2018-05-31 | 2018-02-28 | 2017-12-31 | 2017-11-30 | 2017-08-31 | 2017-05-31 | 2017-02-28 | 2016-12-31 | 2016-11-30 | 2016-08-31 | 2016-05-31 | 2016-03-31 | 2015-12-31 | 2015-11-30 | 2015-08-31 | 2015-05-31 | 2015-03-31 | 2014-12-31 | 2014-11-17 | 2014-08-19 | 2014-05-23 |
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net revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising and marketing | 375,373,000 | 383,352,000 | 339,106,000 | 398,615,000 | 278,210,750 | 375,277,000 | 338,951,000 | 338,951,000 | 389,301,000 | 282,568,750 | 385,674,000 | 355,300,000 | 355,300,000 | 390,544,000 | 301,526,500 | 393,426,000 | 385,559,000 | 427,121,000 | 550,826,000 | 357,492,250 | 537,620,000 | 502,338,000 | 390,011,000 | 453,477,000 | 340,584,000 | 275,422,000 | 405,921,000 | 281,072,500 | 412,489,000 | 370,660,000 | 341,141,000 | 417,016,000 | 270,541,000 | 409,273,000 | 369,942,000 | 302,949,000 | 332,305,000 | 187,870,000 | 95,778,000 | 156,693,000 | 127,173,000 | 99,246,000 | 129,527,000 | 68,222,000 | 105,861,000 | 87,867,000 | 79,160,000 | 87,973,000 | 44,202,250 | 65,373,000 | 59,583,000 | 51,853,000 | ||||||||
value-added services | 66,932,000 | 61,446,000 | 57,749,000 | 65,865,000 | 46,251,750 | 62,596,000 | 56,546,000 | 56,546,000 | 52,850,000 | 41,473,500 | 54,566,000 | 58,478,000 | 58,478,000 | 57,454,000 | 45,557,000 | 60,134,000 | 64,593,000 | |||||||||||||||||||||||||||||||||||||||||||
net revenues | 442,305,000 | 444,798,000 | 396,855,000 | 464,480,000 | 324,462,500 | 437,873,000 | 395,497,000 | 395,497,000 | 442,151,000 | 324,042,250 | 440,240,000 | 413,778,000 | 413,778,000 | 447,998,000 | 347,083,500 | 453,560,000 | 450,152,000 | 484,622,000 | 616,287,000 | 410,199,000 | 607,434,000 | 574,466,000 | 458,896,000 | 513,410,000 | 387,393,000 | 323,389,000 | 468,148,000 | 324,691,500 | 467,753,000 | 431,836,000 | 399,177,000 | 481,875,000 | 309,160,750 | 460,171,000 | 426,589,000 | 349,883,000 | ||||||||||||||||||||||||
costs and expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues | 106,188,000 | 103,451,000 | 88,802,000 | 92,381,000 | 100,529,000 | 89,790,000 | 86,821,000 | 86,821,000 | 93,998,000 | 100,156,000 | 94,272,000 | 274,123,000 | 85,853,000 | 85,853,000 | 106,087,000 | 106,087,000 | 94,383,000 | 95,314,000 | 104,801,000 | 128,545,000 | 128,545,000 | 102,978,000 | 172,318,000 | 92,548,000 | 79,770,000 | 87,288,000 | 63,584,000 | 74,110,000 | 74,110,000 | 90,566,000 | 90,566,000 | 73,471,000 | 81,972,000 | 82,817,000 | 82,940,000 | 82,940,000 | 70,016,000 | 61,790,000 | 62,902,000 | 72,005,000 | 72,005,000 | 62,428,000 | 50,372,000 | 46,450,000 | 49,454,000 | 49,454,000 | 44,494,000 | 40,657,000 | 36,626,000 | 42,105,000 | 42,105,000 | 37,241,000 | 33,689,000 | 28,925,000 | 25,786,000 | 25,786,000 | 20,670,000 | 19,700,000 | 17,443,000 | |
sales and marketing | 131,399,000 | 109,747,000 | 95,810,000 | 123,069,000 | 139,863,000 | 114,232,000 | 103,627,000 | 103,627,000 | 109,776,000 | 139,726,000 | 105,425,000 | 321,695,000 | 106,494,000 | 106,494,000 | 122,665,000 | 122,665,000 | 113,619,000 | 115,512,000 | 125,311,000 | 152,475,000 | 152,475,000 | 140,839,000 | 298,368,000 | 154,393,000 | 143,975,000 | 139,136,000 | 112,118,000 | 99,102,000 | 99,102,000 | 123,372,000 | 123,372,000 | 129,411,000 | 106,405,000 | 106,151,000 | 140,525,000 | 140,525,000 | 141,059,000 | 139,977,000 | 105,863,000 | 92,665,000 | 92,665,000 | 76,346,000 | 59,363,000 | 47,163,000 | 48,006,000 | 48,006,000 | 38,070,000 | 32,166,000 | 30,041,000 | 36,253,000 | 36,253,000 | 30,106,000 | 28,514,000 | 31,177,000 | 34,045,000 | 34,045,000 | 32,414,000 | 30,006,000 | 23,849,000 | |
product development | 77,909,000 | 78,068,000 | 76,021,000 | 80,411,000 | 75,921,000 | 71,689,000 | 80,726,000 | 80,726,000 | 82,764,000 | 67,243,000 | 92,945,000 | 266,385,000 | 90,676,000 | 90,676,000 | 99,328,000 | 99,328,000 | 97,025,000 | 106,403,000 | 112,434,000 | 113,867,000 | 113,867,000 | 118,821,000 | 197,985,000 | 101,419,000 | 96,566,000 | 90,229,000 | 75,961,000 | 74,409,000 | 74,409,000 | 75,187,000 | 75,187,000 | 69,036,000 | 70,368,000 | 69,853,000 | 62,515,000 | 62,515,000 | 66,222,000 | 60,613,000 | 60,523,000 | 57,904,000 | 57,904,000 | 50,770,000 | 45,528,000 | 39,191,000 | 39,869,000 | 39,869,000 | 39,674,000 | 37,611,000 | 36,934,000 | 36,614,000 | 36,614,000 | 37,493,000 | 35,009,000 | 34,328,000 | 33,112,000 | 33,112,000 | 31,757,000 | 32,155,000 | 28,808,000 | |
general and administrative | 9,467,000 | 7,962,000 | 25,912,000 | 27,297,000 | 22,634,000 | 26,777,000 | 24,586,000 | 24,586,000 | 21,627,000 | 37,537,000 | 24,145,000 | 80,037,000 | 34,265,000 | 34,265,000 | -40,552,000 | -40,552,000 | 25,322,000 | 28,809,000 | 39,227,000 | 38,878,000 | 38,878,000 | 31,747,000 | 62,850,000 | 32,869,000 | 29,981,000 | 15,113,000 | 29,545,000 | 17,753,000 | 17,753,000 | 28,286,000 | 28,286,000 | 23,323,000 | 21,825,000 | 17,287,000 | 12,865,000 | 12,865,000 | 10,361,000 | 9,313,000 | 11,216,000 | 9,592,000 | 9,592,000 | 12,037,000 | 10,140,000 | 10,546,000 | 11,762,000 | 11,762,000 | 11,718,000 | 9,200,000 | 8,538,000 | 8,265,000 | 8,265,000 | 5,996,000 | 8,292,000 | 6,169,000 | 7,397,000 | 7,397,000 | 6,919,000 | 5,931,000 | 5,472,000 | |
total costs and expenses | 324,963,000 | 299,228,000 | 286,545,000 | 323,158,000 | 338,947,000 | 302,488,000 | 295,760,000 | 295,760,000 | 308,165,000 | 344,662,000 | 316,787,000 | 942,240,000 | 317,288,000 | 317,288,000 | 287,528,000 | 287,528,000 | 330,349,000 | 356,214,000 | 381,773,000 | 433,765,000 | 433,765,000 | 394,385,000 | 731,521,000 | 381,229,000 | 350,292,000 | 331,766,000 | 281,208,000 | 265,374,000 | 265,374,000 | 317,411,000 | 317,411,000 | 295,241,000 | 280,570,000 | 276,108,000 | 298,845,000 | 298,845,000 | 298,212,000 | 271,693,000 | 240,504,000 | 232,166,000 | 232,166,000 | 201,581,000 | 165,403,000 | 143,350,000 | 149,091,000 | 149,091,000 | 133,956,000 | 119,634,000 | 112,139,000 | 123,237,000 | 123,237,000 | 110,836,000 | 105,504,000 | 100,599,000 | 100,340,000 | 100,340,000 | 91,760,000 | 87,792,000 | 75,572,000 | |
income from operations | 117,342,000 | 145,570,000 | 110,310,000 | 141,322,000 | 117,880,000 | 135,385,000 | 99,737,000 | 99,737,000 | 133,986,000 | 119,005,000 | 123,453,000 | 353,929,000 | 96,490,000 | 96,490,000 | 160,470,000 | 160,470,000 | 123,211,000 | 93,938,000 | 102,849,000 | 182,522,000 | 182,522,000 | 213,049,000 | 301,841,000 | 193,237,000 | 108,604,000 | 181,644,000 | 106,185,000 | 58,015,000 | 58,015,000 | 150,737,000 | 150,737,000 | 172,512,000 | 151,266,000 | 123,069,000 | 183,030,000 | 183,030,000 | 161,959,000 | 154,896,000 | 109,379,000 | 145,279,000 | 145,279,000 | 118,454,000 | 87,970,000 | 55,851,000 | 63,657,000 | 19,330,750 | 42,921,000 | 27,251,000 | 4,872,000 | -6,541,000 | -7,630,000 | -10,472,000 | -8,062,000 | |||||||
yoy | -0.46% | 7.52% | 10.60% | 41.69% | -12.02% | 13.76% | -19.21% | -71.82% | 38.86% | 23.33% | -23.07% | 120.56% | -21.69% | 2.72% | 56.02% | -12.08% | -32.50% | -55.91% | -65.93% | -5.55% | 68.06% | 17.29% | 81.98% | 87.20% | 213.10% | -29.56% | -66.37% | -61.65% | 22.48% | -17.64% | -5.75% | -6.60% | -20.55% | 67.34% | 25.99% | 11.48% | 30.76% | 24.34% | 160.12% | 128.22% | 512.77% | 104.96% | 104.95% | -160.43% | ||||||||||||||||
qoq | -19.39% | 31.96% | -21.94% | 19.89% | -12.93% | 35.74% | 0.00% | -25.56% | 12.59% | -3.60% | -65.12% | 266.80% | 0.00% | -39.87% | 0.00% | 30.24% | 31.16% | -8.66% | -43.65% | 0.00% | -14.33% | -29.42% | 56.20% | 77.93% | -40.21% | 83.03% | 0.00% | -61.51% | 0.00% | -12.62% | 14.05% | 22.91% | -32.76% | 0.00% | 13.01% | 4.56% | 41.61% | -24.71% | 0.00% | 22.65% | 34.65% | 57.51% | -12.26% | 229.30% | -54.96% | 57.50% | -174.48% | -14.27% | -27.14% | 29.89% | ||||||||||
operating margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | 27.31% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | 29.21% | Infinity% | Infinity% | Infinity% | NaN% | Infinity% | 17.94% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% |
non-operating income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment related income | 39,733,000 | -3,112,000 | 8,357,000 | 16,905,000 | 3,045,000 | 245,000 | -4,970,000 | -4,970,000 | -8,915,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 123,690,000 | 15,945,000 | 13,746,000 | 6,699,000 | -182,500 | 11,182,000 | -18,611,000 | -18,611,000 | -19,498,000 | -1,364,750 | 11,357,000 | 2,682,000 | 2,682,000 | -17,508,000 | -5,441,250 | -14,460,000 | -21,721,000 | 14,416,000 | 13,504,000 | 15,085,000 | 7,515,000 | 2,885,000 | ||||||||||||||||||||||||||||||||||||||
income before income tax expenses | 280,765,000 | 158,403,000 | 132,413,000 | 164,926,000 | 32,761,000 | 146,812,000 | 76,156,000 | 76,156,000 | 105,573,000 | 161,262,000 | 109,620,000 | 341,520,000 | 126,327,000 | 126,327,000 | 139,380,000 | 139,380,000 | 2,850,000 | 46,541,000 | -60,685,000 | 145,707,000 | 145,707,000 | 213,206,000 | 191,805,000 | 127,897,000 | 63,908,000 | 5,804,000 | 238,649,000 | 67,982,000 | 67,982,000 | 125,618,000 | 125,618,000 | 177,821,000 | 127,311,000 | 171,647,000 | 181,132,000 | 181,132,000 | 204,860,000 | 165,842,000 | 117,008,000 | 146,959,000 | 146,959,000 | 122,711,000 | 89,490,000 | 57,951,000 | 42,310,000 | 42,310,000 | 33,745,000 | 26,222,000 | 7,889,000 | -47,953,000 | ||||||||||
less: income tax expenses | 57,242,000 | 31,705,000 | 24,291,000 | 32,197,000 | 20,034,000 | 33,275,000 | 25,044,000 | 25,044,000 | 25,407,000 | 72,578,000 | 25,450,000 | 72,709,000 | 21,852,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income | 223,523,000 | 126,698,000 | 108,122,000 | 132,729,000 | 12,727,000 | 113,537,000 | 51,112,000 | 51,112,000 | 80,166,000 | 88,684,000 | 84,170,000 | 268,811,000 | 104,475,000 | 104,475,000 | 158,081,000 | 158,081,000 | -16,910,000 | 29,039,000 | -72,401,000 | 100,126,000 | 100,126,000 | 181,801,000 | 129,950,000 | 80,987,000 | 48,963,000 | 31,118,000 | 197,905,000 | 52,099,000 | 52,099,000 | 94,562,000 | 94,562,000 | 146,459,000 | 101,238,000 | 150,574,000 | 166,237,000 | 166,237,000 | 166,978,000 | 140,694,000 | 98,711,000 | 129,914,000 | 129,914,000 | 100,689,000 | 73,127,000 | 46,635,000 | 42,255,000 | 42,255,000 | 31,828,000 | 24,426,000 | 7,155,000 | 18,872,000 | 18,872,000 | 14,224,000 | 4,153,000 | 5,012,000 | -16,911,500 | -5,246,000 | -15,023,000 | -47,377,000 | ||
yoy | 1656.29% | 11.59% | 111.54% | 159.68% | -84.12% | 28.02% | -39.28% | -80.99% | -23.27% | -15.11% | -46.76% | 70.05% | -717.83% | 259.77% | -318.34% | 57.88% | -116.89% | -84.03% | -155.71% | 23.63% | 104.49% | 484.23% | -59.08% | -6.02% | -40.27% | 109.29% | -64.43% | -48.54% | -37.20% | -43.12% | -11.90% | -39.37% | 7.02% | 68.41% | 27.96% | 28.53% | 39.73% | 34.99% | 178.58% | 207.45% | 138.29% | 129.76% | 90.92% | 490.57% | 123.90% | 68.65% | 71.72% | 72.29% | 276.54% | -184.11% | -179.17% | -110.58% | ||||||||
qoq | 76.42% | 17.18% | -18.54% | 942.89% | -88.79% | 122.13% | 0.00% | -36.24% | -9.60% | 5.36% | -68.69% | 157.30% | 0.00% | -33.91% | 0.00% | -1034.84% | -158.23% | -140.11% | -172.31% | 0.00% | -44.93% | 39.90% | 60.46% | 65.40% | 57.35% | 279.86% | 0.00% | -44.90% | 0.00% | -35.43% | 44.67% | -32.77% | -9.42% | 0.00% | -0.44% | 18.68% | 42.53% | -24.02% | 0.00% | 29.03% | 37.69% | 56.81% | 10.37% | 0.00% | 32.76% | 30.30% | 241.38% | -62.09% | 0.00% | 32.68% | 242.50% | -129.64% | 222.37% | -65.08% | -68.29% | |||||
net income margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | 20.74% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | 12.58% | Infinity% | Infinity% | Infinity% | NaN% | Infinity% | 16.11% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% |
less: net income attributable to non-controlling interests | 870,000 | 429,000 | 334,000 | 545,000 | 391,000 | 471,000 | 548,000 | 548,000 | 474,000 | 321,750 | 257,000 | 1,287,000 | 556,000 | 556,000 | 16,165,000 | -977,750 | 227,000 | 739,000 | -15,607,000 | -208,750 | 63,000 | -41,000 | -857,000 | 2,076,000 | 290,000 | 132,000 | ||||||||||||||||||||||||||||||||||
accretion to redeemable non-controlling interests | 1,560,000 | 584,000 | 824,000 | 1,617,000 | 2,870,000 | 1,135,000 | 1,126,000 | 1,126,000 | 2,203,000 | 4,646,000 | 2,526,000 | 8,156,000 | 3,427,000 | 3,427,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to weibo’s shareholders | 221,093,000 | 125,685,000 | 106,964,000 | 130,567,000 | 8,865,000 | 111,931,000 | 49,438,000 | 49,438,000 | 77,489,000 | 83,230,000 | 81,387,000 | 259,368,000 | 100,492,000 | 100,492,000 | 130,848,000 | |||||||||||||||||||||||||||||||||||||||||||||
basic net income per share attributable to weibo’s shareholders | 0.93 | 0.53 | 0.45 | 0.55 | 0.308 | 0.47 | 0.21 | 0.21 | 0.33 | 0.275 | 0.35 | 0.43 | 0.43 | |||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share attributable to weibo’s shareholders | 0.83 | 0.48 | 0.41 | 0.5 | 0.28 | 0.43 | 0.19 | 0.19 | 0.32 | 0.273 | 0.34 | 0.42 | 0.42 | |||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing basic net income per share attributable to weibo’s shareholders | 238,938 | 238,632 | 238,284 | 237,499 | 59,276.75 | 237,124 | 236,694 | 235,842 | 58,826.75 | 235,361 | 234,705 | 234,705 | ||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing diluted net income per share attributable to weibo’s shareholders | 269,382 | 268,346 | 266,494 | 265,824 | 263,644 | 238,655 | 59,454.25 | 237,886 | 236,895 | 236,895 | ||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation in each category: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing diluted net income per share attributable to weibo’s shareholders | 66,214 | 265,086 | 263,644 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing basic net income per share attributable to weibo’s shareholders | 236,694 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of intangible assets | 10,176,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-operating loss: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment related loss | -1,737,500 | -25,190,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising and marketing revenues | 166,110,000 | 276,803,000 | 218,340,000 | 169,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
third parties | 1,006,122,000 | 728,818,000 | 219,125,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
alibaba | 66,717,000 | 109,918,000 | 27,567,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sina | 33,051,000 | 30,931,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other related parties | 24,385,000 | 22,682,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1,130,275,000 | 892,349,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value-added services revenues | 165,894,000 | 141,013,000 | 47,967,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 1,296,169,000 | 1,033,362,000 | 323,389,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from equity method investments | -5,716,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized gain from investments | -1,184,000 | 1,106,000 | 562,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value changes through earnings on investments | 17,594,000 | -69,495,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment related impairment and provision | -23,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 88,745,000 | 40,068,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -88,010,000 | -35,503,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other loss | -478,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
currency translation adjustments | -199,507,000 | 29,222,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income | 69,304,000 | 159,172,000 | 14,248,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: comprehensive income attributable to non-controlling interests and redeemable non-controlling interests | 8,560,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to weibo’s shareholders | 60,744,000 | 159,774,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing net income per share attributable to weibo’s shareholders: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 235,307 | 227,936 | 226,392 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 237,817 | 229,429 | 227,029 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1.1 | 0.57 | 0.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 1.09 | 0.57 | 0.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment related gain | 27,155,000 | 27,155,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefits | -21,852,000 | 18,701,000 | 25,314,000 | 437,250 | 441,000 | 732,000 | 576,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investment related losses | -3,582,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to weibo's shareholders | 141,916,000 | -14,090,250 | -17,137,000 | 28,300,000 | -67,524,000 | 115,733,000 | 78,146,500 | 181,738,000 | 81,028,000 | 49,820,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share attributable to weibo's shareholders | 0.61 | -0.06 | -0.07 | 0.12 | -0.29 | 0.5 | 0.343 | 0.79 | 0.36 | 0.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share attributable to weibo's shareholders | 0.6 | -0.06 | -0.07 | 0.12 | -0.29 | 0.5 | 0.34 | 0.78 | 0.35 | 0.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing basic net income per share attributable to weibo's shareholders | 234,040 | 235,521 | 235,206 | 230,679 | 57,046.25 | 228,675 | 228,099 | 227,771 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing diluted net income per share attributable to weibo's shareholders | 238,887 | 237,025 | 235,206 | 231,506 | 57,441.25 | 237,183 | 229,555 | 229,302 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment on, gain/loss on sale of and fair value change of investments | -77,381,750 | -105,901,000 | -25,676,000 | -177,950,000 | -41,976,000 | -33,592,000 | 646,000 | -76,814,000 | -58,200,000 | 117,379,000 | 644,000 | 7,162,250 | 31,683,000 | |||||||||||||||||||||||||||||||||||||||||||||||
income tax expenses | -12,244,500 | -19,760,000 | -17,502,000 | -11,716,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing basic net income (loss) per share attributable to weibo's shareholders | 58,885.75 | 235,894 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing diluted net income (loss) per share attributable to weibo's shareholders | 58,885.75 | 235,894 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value-added service | 57,501,000 | 65,461,000 | 52,706,750 | 69,814,000 | 72,128,000 | 68,885,000 | 59,933,000 | 46,809,000 | 47,967,000 | 62,227,000 | 43,619,000 | 55,264,000 | 61,176,000 | 58,036,000 | 64,859,000 | 38,619,750 | 50,898,000 | 56,647,000 | 46,934,000 | 45,140,000 | ||||||||||||||||||||||||||||||||||||||||
less: net loss attributable to non-controlling interests | -4,877,000 | -898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 5,161,000 | 6,122,250 | -489,000 | 11,474,000 | 9,531,000 | 12,905,000 | 13,253,000 | 8,361,250 | 4,665,000 | 17,999,000 | 10,781,000 | 11,038,000 | 8,206,750 | 11,218,000 | 12,481,000 | 9,128,000 | 4,363,000 | 2,481,750 | 4,937,000 | 2,768,000 | 2,222,000 | 1,435,500 | 1,911,000 | 2,411,000 | 1,420,000 | 1,443,000 | 1,223,750 | 1,818,000 | 1,621,000 | |||||||||||||||||||||||||||||||
income taxe benefits | -45,581,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision of income taxes | -23,315,000 | -31,405,000 | -46,910,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from equity method investments | 13,605,000 | 5,390,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment related impairment | -66,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 6,808,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: provision of income taxes | 61,855,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: comprehensive loss attributable to non-controlling interests | -602,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit of income taxes | -14,945,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to weibo | 29,042,000 | 198,416,000 | 52,108,000 | 52,108,000 | 95,068,000 | 95,068,000 | 146,169,000 | 102,996,000 | 150,442,000 | 166,507,000 | 166,507,000 | 165,317,000 | 140,914,000 | 99,085,000 | 130,982,000 | 130,982,000 | 101,129,000 | 73,548,000 | 46,931,000 | 42,970,000 | 16,264,250 | 32,102,000 | 25,857,000 | 7,098,000 | ||||||||||||||||||||||||||||||||||||
basic net income per share attributable to weibo | 0.13 | 0.88 | 0.23 | 0.42 | 0.443 | 0.65 | 0.46 | 0.67 | 0.74 | 0.453 | 0.74 | 0.63 | 0.44 | 0.59 | 0.253 | 0.46 | 0.33 | 0.21 | 0.2 | 0.075 | 0.15 | 0.12 | 0.03 | |||||||||||||||||||||||||||||||||||||
diluted net income per share attributable to weibo | 0.13 | 0.86 | 0.23 | 0.42 | 0.44 | 0.64 | 0.46 | 0.66 | 0.73 | 0.448 | 0.73 | 0.62 | 0.44 | 0.58 | 0.245 | 0.45 | 0.33 | 0.21 | 0.19 | 0.073 | 0.14 | 0.12 | 0.03 | |||||||||||||||||||||||||||||||||||||
shares used in computing basic net income per share attributable to weibo | 227,495 | 226,392 | 226,000 | 56,317 | 225,610 | 225,262 | 224,924 | 224,479 | 55,876.5 | 224,060 | 223,542 | 222,902 | 222,189 | 55,001.25 | 221,428 | 220,256 | 218,296 | 217,464 | 53,458 | 215,671 | 213,537 | 212,269 | ||||||||||||||||||||||||||||||||||||||
shares used in computing diluted net income per share attributable to weibo | 228,489 | 227,029 | 226,844 | 58,254.75 | 233,126 | 226,277 | 232,894 | 232,558 | 58,179.75 | 232,660 | 232,768 | 225,971 | 230,465 | 56,290.5 | 225,683 | 225,245 | 224,632 | 224,359 | 55,527.5 | 223,861 | 221,611 | 219,626 | ||||||||||||||||||||||||||||||||||||||
shares used in computing basic | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | 226,678 | 204,985 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sina and other related parties | 28,730,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income (loss) attributable to non-controlling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: comprehensive income attributable to non-controlling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to weibo | 14,262,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing net income per share attributable to weibo: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 235,307 | 227,936 | 226,392 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 237,817 | 229,429 | 227,029 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and acquired intangibles impairment | 10,554,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment on, gain on sale of and fair value change of investments | 37,797,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net revenues : | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income (loss) attributable to noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interests | 266,750 | 1,661,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment on, loss on sale of and fair value change of investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net loss attributable to noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total net revenues | 377,445,000 | 193,152,250 | 320,035,000 | 253,373,000 | 199,201,000 | 212,748,000 | 110,763,000 | 176,877,000 | 146,885,000 | 119,290,000 | 149,025,000 | 82,216,500 | 124,734,000 | 107,842,000 | 96,290,000 | 105,212,000 | 57,240,000 | 84,130,000 | 77,320,000 | 67,510,000 | ||||||||||||||||||||||||||||||||||||||||
impairment on and gain on sale of investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other revenues | 27,042,250 | 43,232,000 | 35,033,000 | 29,904,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of and impairment on investments | 36,500 | 608,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) stock-based compensation in each category: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net loss attributable to noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income (loss) attributable to noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weibo vas | 24,878,000 | 14,985,000 | 20,184,000 | 19,712,000 | 20,044,000 | 19,498,000 | 13,994,500 | 18,873,000 | 19,975,000 | 17,130,000 | 17,239,000 | 13,037,750 | 18,757,000 | 17,737,000 | 15,657,000 | |||||||||||||||||||||||||||||||||||||||||||||
income (loss) from operations | 7,151,000 | 25,788,000 | 25,788,000 | 13,898,000 | 2,338,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) before income tax expenses | 7,703,000 | 20,024,000 | 4,189,000 | 15,254,000 | 4,567,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interest | 57,000 | 49,000 | 421,000 | 349,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of investor option liability | -11,743,000 | -6,784,000 | -40,188,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to weibo’ ordinary shareholders | 19,122,000 | 3,905,750 | 14,477,000 | 4,196,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share attributable to weibo’s ordinary shareholders | 0.09 | 0.02 | 0.07 | 0.02 | -0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share attributable to weibo’s ordinary shareholders | 0.09 | 0.09 | 0.07 | 0.02 | -0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing basic net income per share attributable to weibo’s ordinary shareholders | 210,764 | 876 | 209,356 | 207,512 | 202,844 | 150,596 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing diluted net income per share attributable to weibo’s ordinary shareholders | 219,464 | 492 | 217,681 | 218,125 | 216,845 | 150,596 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income (expenses) | 1,459,000 | 3,017,000 | 3,017,000 | 1,943,000 | 1,501,000 | 297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (expenses) benefits | 5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to weibo’s ordinary shareholders | -2,894,000 | 4,591,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from equity method investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
remeasurement gain upon obtaining control | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share attributable to weibo’s ordinary shareholders * | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share attributable to weibo’s ordinary shareholders * | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -17,348,750 | -5,687,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interest | 80,750 | -26,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to weibo’ ordinary shareholders | -16,992,250 | -5,220,000 | -15,372,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net loss per share attributable to weibo’s ordinary shareholders | -0.093 | -0.03 | -0.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net loss per share attributable to weibo’s ordinary shareholders | -0.093 | -0.03 | -0.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing basic net loss per share attributable to weibo’s ordinary shareholders | 45,387 | 201,302 | 192,190 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing diluted net loss per share attributable to weibo’s ordinary shareholders | 45,387 | 201,302 | 192,190 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before income tax expenses | -15,755,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share attributable to weibo’s ordinary shareholders* | -0.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share attributable to weibo’s ordinary shareholders* | -0.31 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-08-14 | 2025-06-30 | 2025-04-15 | 2025-03-31 | 2024-12-31 | 2024-08-22 | 2024-06-30 | 2024-04-25 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-04-27 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-05-31 | 2020-03-31 | 2020-02-29 | 2019-12-31 | 2019-11-30 | 2019-09-30 | 2019-08-31 | 2019-06-30 | 2019-05-31 | 2019-03-31 | 2018-12-31 | 2018-11-30 | 2018-09-30 | 2018-08-31 | 2018-06-30 | 2018-05-31 | 2018-03-31 | 2018-02-28 | 2017-12-31 | 2017-11-30 | 2017-09-30 | 2017-08-31 | 2017-06-30 | 2017-05-31 | 2017-03-31 | 2017-02-28 | 2016-12-31 | 2016-11-30 | 2016-09-30 | 2016-08-31 | 2016-06-30 | 2016-05-31 | 2016-03-31 | 2015-12-31 | 2015-11-30 | 2015-09-30 | 2015-08-31 | 2015-06-30 | 2015-05-31 | 2015-03-31 | 2014-12-31 | 2014-11-17 | 2014-09-30 | 2014-08-19 | 2014-06-30 | 2014-05-23 | 2014-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,081,382,000 | 1,156,292,000 | 1,205,765,000 | 1,890,632,000 | 1,922,371,000 | 2,144,546,000 | 2,584,635,000 | 2,455,007,000 | 2,360,744,000 | 2,284,216,000 | 2,690,768,000 | 2,758,901,000 | 2,336,454,000 | 2,501,799,000 | 2,423,703,000 | 2,005,106,000 | 2,005,106,000 | 1,814,844,000 | 1,814,844,000 | 1,472,251,000 | 1,131,229,000 | 1,131,229,000 | 1,131,229,000 | 1,452,985,000 | 1,452,985,000 | 1,776,634,000 | 1,776,634,000 | 961,340,000 | 961,340,000 | 826,990,000 | 1,234,596,000 | 1,234,596,000 | 792,533,000 | 792,533,000 | 314,829,000 | 314,829,000 | 282,809,000 | 282,809,000 | 1,000,953,000 | 1,000,953,000 | 186,651,000 | 186,651,000 | 224,080,000 | 224,080,000 | 225,734,000 | 225,734,000 | 364,766,000 | 364,766,000 | 181,841,000 | 181,841,000 | 129,942,000 | 129,942,000 | 243,298,000 | 237,440,000 | 237,440,000 | 203,776,000 | 203,776,000 | 218,633,000 | 218,633,000 | 284,372,000 | 283,462,000 | 283,462,000 | 358,744,000 | 358,744,000 | 243,580,000 | 243,580,000 | 206,201,000 | 206,201,000 | |||||
short-term investments | 963,067,000 | 952,876,000 | 878,054,000 | 459,852,000 | 915,637,000 | 1,107,904,000 | 641,035,000 | 314,629,000 | 468,735,000 | 492,640,000 | 480,428,000 | 201,356,000 | 680,675,000 | 792,725,000 | 711,062,000 | 930,822,000 | 930,822,000 | 1,682,048,000 | 1,682,048,000 | 857,677,000 | 1,215,361,000 | 1,215,361,000 | 1,215,361,000 | 951,235,000 | 951,235,000 | 593,272,000 | 593,272,000 | 598,466,000 | 598,466,000 | 666,244,000 | 591,269,000 | 591,269,000 | 807,032,000 | 807,032,000 | 1,255,353,000 | 1,255,353,000 | 1,632,629,000 | 1,632,629,000 | 791,730,000 | 791,730,000 | 550,305,000 | 550,305,000 | 385,105,000 | 385,105,000 | 218,469,000 | 218,469,000 | 31,188,000 | 31,188,000 | 297,588,000 | 297,588,000 | 266,575,000 | 266,575,000 | 130,134,000 | 98,439,000 | 98,439,000 | 149,521,000 | 149,521,000 | 118,471,000 | 118,471,000 | 168,169,000 | 166,414,000 | 166,414,000 | 165,292,000 | 165,292,000 | 255,077,000 | 255,077,000 | 260,011,000 | 260,011,000 | |||||
accounts receivable | 379,434,000 | 376,540,000 | 357,201,000 | 371,291,000 | 431,515,000 | 446,654,000 | 477,490,000 | 488,837,000 | 519,029,000 | 604,469,000 | 631,209,000 | 492,010,000 | 387,046,000 | 386,969,000 | 386,969,000 | 422,225,000 | 476,484,000 | 476,484,000 | 465,635,000 | 465,635,000 | 456,216,000 | 369,093,000 | 304,182,000 | 304,182,000 | 261,456,000 | 261,456,000 | 204,420,000 | 204,420,000 | 170,100,000 | 158,215,000 | 158,215,000 | 134,673,000 | 134,673,000 | 129,914,000 | 129,914,000 | 116,075,000 | 116,341,000 | 116,341,000 | 114,585,000 | 114,585,000 | 90,147,000 | 120,230,000 | 102,543,000 | 102,543,000 | 127,548,000 | 127,548,000 | 133,262,000 | 120,210,000 | 69,825,000 | 69,825,000 | 95,880,000 | 95,880,000 | 60,071,000 | 60,071,000 | |||||||||||||||||||
prepaid expenses and other current assets | 313,994,000 | 339,402,000 | 341,241,000 | 348,774,000 | 348,135,000 | 356,720,000 | 359,881,000 | 374,940,000 | 406,257,000 | 424,184,000 | 391,502,000 | 409,639,000 | 481,738,000 | 466,018,000 | 450,726,000 | 587,293,000 | 587,293,000 | 296,757,000 | 296,757,000 | 523,077,000 | 455,577,000 | 455,577,000 | 455,577,000 | 424,905,000 | 424,905,000 | 314,589,000 | 314,589,000 | 285,937,000 | 285,937,000 | 269,863,000 | 212,435,000 | 168,821,000 | 319,470,000 | 319,470,000 | 334,929,000 | 334,929,000 | 74,555,000 | 74,555,000 | 69,233,000 | 69,233,000 | 108,583,000 | 108,583,000 | 131,845,000 | 131,845,000 | 127,813,000 | 127,813,000 | 66,664,000 | 66,664,000 | 51,970,000 | 51,970,000 | 48,191,000 | 48,191,000 | 58,329,000 | 42,295,000 | 42,295,000 | 37,902,000 | 37,902,000 | 37,326,000 | 37,326,000 | 22,154,000 | 16,104,000 | 16,104,000 | 20,055,000 | 20,055,000 | 11,086,000 | 11,086,000 | 7,647,000 | 7,647,000 | |||||
amount due from sina | 439,993,000 | 452,953,000 | 452,988,000 | 452,769,000 | 466,915,000 | 476,007,000 | 486,397,000 | 497,108,000 | 492,530,000 | 491,644,000 | 487,117,000 | 485,845,000 | 492,330,000 | 494,120,000 | 494,200,000 | 498,618,000 | 498,618,000 | 548,900,000 | 548,900,000 | 410,762,000 | 389,109,000 | 389,109,000 | 389,109,000 | 384,828,000 | 384,828,000 | 350,966,000 | 350,966,000 | 328,692,000 | 328,692,000 | 310,237,000 | 61,705,000 | 105,319,000 | 68,266,000 | 68,266,000 | 45,504,000 | 45,504,000 | 67,635,000 | 67,635,000 | 16,356,000 | 16,356,000 | 15,068,000 | 15,068,000 | 4,962,000 | 4,962,000 | 18,544,000 | 18,565,000 | 3,878,000 | 3,878,000 | 2,380,000 | ||||||||||||||||||||||||
current assets subtotal | 3,177,870,000 | 3,278,063,000 | 3,235,249,000 | 4,024,349,000 | 4,516,692,000 | 4,174,920,000 | 4,170,174,000 | 4,344,578,000 | 4,510,226,000 | 4,859,131,000 | 4,653,048,000 | 4,834,559,000 | 3,650,813,000 | 3,578,245,000 | 3,578,245,000 | 3,636,178,000 | 3,511,945,000 | 3,511,945,000 | 2,640,070,000 | 2,640,070,000 | 2,529,550,000 | 2,469,098,000 | 2,291,483,000 | 2,291,483,000 | 2,212,071,000 | 2,212,071,000 | 2,262,048,000 | 2,262,048,000 | 2,048,372,000 | 1,018,822,000 | 1,018,822,000 | 875,703,000 | 875,703,000 | 706,892,000 | 706,892,000 | 597,237,000 | 647,740,000 | 647,740,000 | 559,293,000 | 559,293,000 | 521,908,000 | 498,404,000 | 497,620,000 | 497,620,000 | 501,978,000 | 501,978,000 | 610,337,000 | 586,190,000 | 613,916,000 | 613,916,000 | 605,623,000 | 605,623,000 | 533,930,000 | 533,930,000 | |||||||||||||||||||
property and equipment | 280,940,000 | 280,622,000 | 226,867,000 | 215,034,000 | 212,451,000 | 216,684,000 | 220,663,000 | 216,765,000 | 222,612,000 | 241,383,000 | 249,553,000 | 57,922,000 | 61,185,000 | 65,850,000 | 68,396,000 | 61,033,000 | 61,033,000 | 60,632,000 | 60,632,000 | 54,011,000 | 47,026,000 | 47,026,000 | 47,026,000 | 46,729,000 | 46,729,000 | 43,135,000 | 43,135,000 | 43,672,000 | 43,672,000 | 47,114,000 | 45,623,000 | 45,623,000 | 41,155,000 | 41,155,000 | 36,346,000 | 36,346,000 | 38,272,000 | 38,272,000 | 33,793,000 | 33,793,000 | 28,448,000 | 28,448,000 | 25,924,000 | 25,924,000 | 23,935,000 | 23,935,000 | 22,816,000 | 22,816,000 | 19,947,000 | 19,947,000 | 20,312,000 | 20,312,000 | 22,570,000 | 22,850,000 | 22,850,000 | 24,051,000 | 24,051,000 | 26,201,000 | 26,201,000 | 29,291,000 | 30,874,000 | 30,874,000 | 32,741,000 | 32,741,000 | 34,953,000 | 34,953,000 | 34,547,000 | 34,547,000 | |||||
goodwill and intangible assets | 265,360,000 | 268,159,000 | 269,088,000 | 283,646,000 | 290,731,000 | 224,202,000 | 241,529,000 | 242,223,000 | 260,975,000 | 291,811,000 | 270,781,000 | 208,688,000 | 44,202,000 | 44,913,000 | 44,913,000 | 46,513,000 | 46,117,000 | 46,117,000 | 48,851,000 | 48,851,000 | 50,838,000 | 50,449,000 | 2,284,000 | 2,284,000 | 13,369,000 | 13,369,000 | 14,227,000 | 14,227,000 | 13,937,000 | 11,552,000 | 11,552,000 | 11,473,000 | 11,473,000 | 11,453,000 | 11,453,000 | 11,366,000 | 11,986,000 | 11,986,000 | 12,199,000 | 12,199,000 | 12,724,000 | 13,083,000 | 14,020,000 | 14,020,000 | 14,430,000 | 14,430,000 | 14,812,000 | 15,191,000 | 10,043,000 | 10,043,000 | 10,323,000 | 10,323,000 | 10,308,000 | 10,308,000 | |||||||||||||||||||
long-term investments | 1,721,691,000 | 1,419,411,000 | 1,408,323,000 | 1,389,199,000 | 1,281,402,000 | 1,251,032,000 | 1,320,386,000 | 1,283,578,000 | 1,309,217,000 | 1,235,797,000 | 993,630,000 | 988,532,000 | 1,102,548,000 | 1,112,439,000 | 1,207,651,000 | 1,123,258,000 | 1,123,258,000 | 1,179,466,000 | 1,179,466,000 | 1,235,475,000 | 1,070,391,000 | 1,070,391,000 | 1,070,391,000 | 1,027,459,000 | 1,027,459,000 | 944,815,000 | 944,815,000 | 907,181,000 | 907,181,000 | 872,114,000 | 694,586,000 | 694,586,000 | 700,341,000 | 700,341,000 | 567,906,000 | 567,906,000 | 453,953,000 | 453,953,000 | 452,337,000 | 399,933,000 | 294,679,000 | 45,199,000 | 21,784,000 | 21,784,000 | 13,561,000 | 13,561,000 | 13,538,000 | 13,538,000 | |||||||||||||||||||||||||
other non-current assets | 1,452,922,000 | 1,292,890,000 | 1,519,352,000 | 981,764,000 | 1,300,437,000 | 1,000,723,000 | 755,762,000 | 746,790,000 | 947,982,000 | 1,125,354,000 | 898,422,000 | 1,194,375,000 | 1,268,566,000 | 1,139,677,000 | 1,082,841,000 | 582,345,000 | 594,605,000 | 44,596,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 6,898,783,000 | 6,539,145,000 | 6,658,879,000 | 6,504,499,000 | 7,102,285,000 | 7,275,862,000 | 7,280,358,000 | 6,710,537,000 | 6,878,933,000 | 7,014,237,000 | 7,129,454,000 | 6,827,630,000 | 7,203,500,000 | 7,468,908,000 | 7,519,522,000 | 6,702,725,000 | 6,702,725,000 | 6,335,117,000 | 6,335,117,000 | 5,016,685,000 | 4,795,182,000 | 4,795,182,000 | 4,795,182,000 | 4,804,186,000 | 4,804,186,000 | 4,601,799,000 | 4,601,799,000 | 3,668,136,000 | 3,668,136,000 | 3,588,424,000 | 3,274,682,000 | 3,274,682,000 | 3,047,023,000 | 3,047,023,000 | 2,876,402,000 | 2,876,402,000 | 2,782,814,000 | 2,782,814,000 | 2,561,819,000 | 2,561,819,000 | 1,496,791,000 | 1,496,791,000 | 1,343,364,000 | 1,343,364,000 | 1,170,542,000 | 1,170,542,000 | 1,036,944,000 | 1,036,944,000 | 971,845,000 | 971,845,000 | 890,759,000 | 890,759,000 | 862,590,000 | 839,189,000 | 839,189,000 | 785,879,000 | 785,879,000 | 776,655,000 | 776,655,000 | 703,917,000 | 677,781,000 | 677,781,000 | 692,796,000 | 692,796,000 | 668,001,000 | 668,001,000 | 592,802,000 | 592,802,000 | |||||
liabilities, redeemable non-controlling interests and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 217,660,000 | 186,790,000 | 164,823,000 | 158,435,000 | 150,456,000 | 149,456,000 | 161,493,000 | 156,243,000 | 156,383,000 | 155,257,000 | 161,029,000 | 158,871,000 | 175,754,000 | 197,324,000 | 197,643,000 | 159,497,000 | 159,497,000 | 149,509,000 | 149,509,000 | 107,394,000 | 105,993,000 | 105,993,000 | 105,993,000 | 126,247,000 | 126,247,000 | 131,969,000 | 131,969,000 | 133,251,000 | 133,251,000 | 153,337,000 | 123,730,000 | 123,730,000 | 102,300,000 | 102,300,000 | 99,245,000 | 99,245,000 | 93,846,000 | 93,846,000 | 134,950,000 | 134,950,000 | 114,766,000 | 114,766,000 | 86,565,000 | 86,565,000 | 60,323,000 | 60,323,000 | 48,997,000 | 2,532,000 | 2,532,000 | 2,276,000 | 2,276,000 | 308,000 | 308,000 | 2,261,000 | 2,420,000 | 2,420,000 | 2,233,000 | 2,233,000 | 2,925,000 | 2,925,000 | 740,000 | 740,000 | |||||||||||
accrued expenses and other current liabilities | 578,680,000 | -374,000 | 582,521,000 | 649,888,000 | -336,000 | 625,542,000 | 662,803,000 | 675,959,000 | 705,885,000 | 632,779,000 | 756,960,000 | 799,877,000 | 697,984,000 | 562,333,000 | 409,100,000 | 402,306,000 | 402,306,000 | 465,580,000 | 411,955,000 | 411,955,000 | 412,979,000 | 412,979,000 | 378,133,000 | 317,437,000 | 284,859,000 | 284,859,000 | 302,748,000 | 302,748,000 | |||||||||||||||||||||||||||||||||||||||||||||
income tax payable | 71,412,000 | 50,295,000 | 89,589,000 | 54,688,000 | 112,388,000 | 53,254,000 | 70,189,000 | 84,912,000 | 78,052,000 | 155,104,000 | 89,100,000 | 102,844,000 | 76,161,000 | 99,841,000 | 99,841,000 | 100,245,000 | 98,139,000 | 98,139,000 | 69,418,000 | 69,418,000 | 58,399,000 | 88,683,000 | 80,347,000 | 80,347,000 | 54,039,000 | 54,039,000 | 91,661,000 | 91,661,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred revenues | 81,900,000 | 77,272,000 | 86,537,000 | 72,642,000 | 88,596,000 | 92,726,000 | 75,187,000 | 79,028,000 | 85,571,000 | 88,788,000 | 79,949,000 | 86,940,000 | 91,397,000 | 94,739,000 | 91,136,000 | 146,085,000 | 146,085,000 | 143,684,000 | 143,684,000 | 157,637,000 | 154,464,000 | 154,464,000 | 154,464,000 | 108,783,000 | 108,783,000 | 136,609,000 | 136,609,000 | 121,438,000 | 121,438,000 | 145,483,000 | 99,994,000 | 99,994,000 | 106,327,000 | 106,327,000 | 101,183,000 | 101,183,000 | 100,239,000 | 100,239,000 | 81,311,000 | 81,311,000 | 90,773,000 | 90,773,000 | 58,971,000 | 58,971,000 | 57,056,000 | 57,056,000 | 48,964,000 | 48,964,000 | 48,940,000 | 48,940,000 | 35,743,000 | 35,743,000 | 37,357,000 | 39,091,000 | 39,091,000 | 31,933,000 | 31,933,000 | 23,915,000 | 23,915,000 | 21,162,000 | 20,957,000 | 20,957,000 | 19,832,000 | 19,832,000 | 15,659,000 | 15,659,000 | 14,571,000 | 14,571,000 | |||||
current liabilities subtotal | 949,652,000 | 896,878,000 | 1,191,480,000 | 1,719,275,000 | 2,016,431,000 | 1,171,303,000 | 1,020,119,000 | 1,863,149,000 | 2,000,775,000 | 2,144,620,000 | 1,092,666,000 | 958,370,000 | 750,292,000 | 762,604,000 | 762,604,000 | 800,855,000 | 778,672,000 | 778,672,000 | 737,086,000 | 737,086,000 | 735,352,000 | 629,844,000 | 573,833,000 | 573,833,000 | 557,215,000 | 557,215,000 | 566,978,000 | 566,978,000 | 484,876,000 | 456,556,000 | 456,556,000 | 430,232,000 | 430,232,000 | 350,372,000 | 350,372,000 | 278,103,000 | 258,881,000 | 258,881,000 | 218,250,000 | 218,250,000 | 212,522,000 | 208,775,000 | 181,176,000 | 181,176,000 | 180,013,000 | 180,013,000 | 132,138,000 | 112,572,000 | 134,865,000 | 134,865,000 | 109,143,000 | 109,143,000 | |||||||||||||||||||||
long-term liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible senior notes | 323,159,000 | 41,956,000 | 322,374,000 | 38,920,000 | 321,588,000 | 320,803,000 | 38,920,000 | 319,232,000 | 318,446,000 | 317,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured senior notes | 745,388,000 | 745,146,000 | 744,904,000 | 799,993,000 | 799,659,000 | 799,325,000 | 798,991,000 | 1,541,868,000 | 1,541,293,000 | 1,540,717,000 | 1,540,142,000 | 1,539,566,000 | 1,538,991,000 | 1,538,415,000 | 1,537,264,000 | 1,537,264,000 | 1,536,112,000 | 794,319,000 | 793,985,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term loans | 793,060,000 | 797,144,000 | 796,228,000 | 795,311,000 | 793,479,000 | 792,563,000 | 791,647,000 | 888,947,000 | 882,916,000 | 881,886,000 | 880,855,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 150,394,000 | 101,895,000 | 96,461,000 | 112,553,000 | 109,743,000 | 89,212,000 | 96,324,000 | 119,151,000 | 130,561,000 | 125,175,000 | 70,707,000 | 61,906,000 | 49,165,000 | 37,568,000 | 37,568,000 | 39,261,000 | 18,245,000 | 18,245,000 | 20,672,000 | 20,672,000 | 22,306,000 | 12,577,000 | 11,258,000 | 11,258,000 | 1,861,000 | 1,861,000 | 2,092,000 | 2,092,000 | 2,166,000 | 817,000 | 1,338,000 | ||||||||||||||||||||||||||||||||||||||||||
total liabilities | 2,961,653,000 | 41,582,000 | 2,863,437,000 | 38,584,000 | 3,150,661,000 | 2,925,613,000 | 38,584,000 | 3,688,718,000 | 3,981,120,000 | 3,762,742,000 | 3,433,087,000 | 3,685,299,000 | -23,549,000 | 3,539,622,000 | 3,738,914,000 | 3,522,442,000 | 3,670,902,000 | 3,808,786,000 | 3,831,502,000 | 3,595,107,000 | 3,595,107,000 | 3,448,787,000 | 3,448,787,000 | 2,484,447,000 | 2,483,792,000 | 2,483,792,000 | 2,483,792,000 | 2,522,367,000 | 2,522,367,000 | 2,477,829,000 | 2,477,829,000 | 1,643,953,000 | 1,643,953,000 | 1,642,816,000 | 1,526,544,000 | 1,526,544,000 | 1,468,180,000 | 1,468,180,000 | 1,441,130,000 | 1,441,130,000 | 1,450,088,000 | 1,450,088,000 | 1,367,025,000 | 1,367,025,000 | 457,671,000 | 457,671,000 | 431,466,000 | 431,466,000 | 351,728,000 | 351,728,000 | 279,586,000 | 279,586,000 | 260,806,000 | 260,806,000 | 220,315,000 | 220,315,000 | 214,760,000 | 211,160,000 | 211,160,000 | 181,755,000 | 181,755,000 | 180,699,000 | 180,699,000 | 132,918,000 | 113,445,000 | 113,445,000 | 135,415,000 | 135,415,000 | 109,755,000 | 109,755,000 | 401,092,000 | 401,092,000 | |
redeemable non-controlling interests | 28,426,000 | 25,817,000 | 24,523,000 | 45,103,000 | 38,217,000 | 36,326,000 | 68,728,000 | 59,296,000 | 54,875,000 | 52,558,000 | 45,795,000 | 69,637,000 | 69,496,000 | 68,796,000 | 66,622,000 | 69,359,000 | 69,359,000 | 57,714,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity : | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weibo shareholders’ equity | 3,854,720,000 | 3,597,121,000 | 3,432,055,000 | 3,325,636,000 | 3,208,844,000 | 3,124,261,000 | 3,406,906,000 | 3,214,804,000 | 3,441,610,000 | 3,564,488,000 | 3,010,038,000 | 2,812,425,000 | 2,533,236,000 | 2,312,852,000 | 2,312,852,000 | 2,283,267,000 | 2,124,929,000 | 2,124,929,000 | 2,025,404,000 | 2,025,404,000 | 1,942,702,000 | 1,745,459,000 | 1,575,889,000 | 1,575,889,000 | 1,433,897,000 | 1,433,897,000 | 1,330,819,000 | 1,330,819,000 | 1,192,587,000 | 1,035,893,000 | 1,035,893,000 | 908,407,000 | 908,407,000 | 814,949,000 | 814,949,000 | 753,225,000 | 706,626,000 | 706,626,000 | 664,589,000 | 664,589,000 | 640,374,000 | ||||||||||||||||||||||||||||||||
non-controlling interests | 53,984,000 | 52,770,000 | 51,640,000 | 51,012,000 | 49,714,000 | 49,572,000 | 50,153,000 | 11,025,000 | 14,498,000 | 15,151,000 | 14,495,000 | 20,747,000 | 21,492,000 | 26,838,000 | 27,577,000 | 28,221,000 | 28,221,000 | 16,191,000 | 16,191,000 | -1,448,000 | 2,906,000 | 2,679,000 | 2,954,000 | 2,954,000 | 1,375,000 | 1,375,000 | 1,907,000 | 1,907,000 | 2,207,000 | 3,227,000 | 3,227,000 | ||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 3,908,704,000 | 3,649,891,000 | 3,483,695,000 | 3,533,783,000 | 3,375,350,000 | 3,258,416,000 | 3,448,888,000 | 3,218,154,000 | 3,138,759,000 | 3,422,057,000 | 3,344,745,000 | 3,235,551,000 | 3,463,102,000 | 3,591,326,000 | 3,621,398,000 | 3,038,259,000 | 3,038,259,000 | 2,828,616,000 | 2,828,616,000 | 2,532,238,000 | 2,311,390,000 | 2,311,390,000 | 2,281,819,000 | 2,123,970,000 | 2,123,970,000 | 2,024,183,000 | 2,024,183,000 | 1,945,608,000 | 1,748,138,000 | 1,578,843,000 | 1,578,843,000 | 1,435,272,000 | 1,435,272,000 | 1,332,726,000 | 1,332,726,000 | 1,194,794,000 | 1,039,120,000 | 1,039,120,000 | 911,898,000 | 911,898,000 | 818,814,000 | 818,814,000 | 757,358,000 | 711,039,000 | 711,039,000 | 670,444,000 | 670,444,000 | 647,830,000 | 628,029,000 | 604,124,000 | 604,124,000 | 595,956,000 | 595,956,000 | 570,999,000 | 564,336,000 | 557,381,000 | 557,381,000 | 558,246,000 | 558,246,000 | ||||||||||||||
total liabilities, redeemable non-controlling interests and shareholders’ equity | 6,898,783,000 | 6,539,145,000 | 6,658,879,000 | 6,504,499,000 | 7,102,285,000 | 7,275,862,000 | 7,280,358,000 | 6,710,537,000 | 6,878,933,000 | 7,014,237,000 | 7,129,454,000 | 6,827,630,000 | 7,203,500,000 | 7,468,908,000 | 7,519,522,000 | 6,702,725,000 | 6,702,725,000 | 6,335,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 117,342,000 | 145,570,000 | 110,310,000 | 99,737,000 | 119,005,000 | 96,490,000 | 160,470,000 | 123,211,000 | 93,938,000 | 102,849,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
add: stock-based compensation | 10,424,000 | 12,019,000 | 15,047,000 | 21,012,000 | 21,748,000 | 27,625,000 | 23,377,000 | 29,824,000 | 31,461,000 | 27,051,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets resulting from business acquisitions | 4,197,000 | 4,161,000 | 4,122,000 | 5,059,000 | 5,103,000 | 4,439,000 | 4,367,000 | 4,381,000 | 4,895,000 | 5,751,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-gaap income from operations | 131,963,000 | 161,750,000 | 129,479,000 | 125,808,000 | 145,856,000 | 128,554,000 | 151,989,000 | 162,105,000 | 145,294,000 | 141,725,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to weibo’s shareholders | 221,093,000 | 125,685,000 | 106,964,000 | 49,438,000 | 83,230,000 | 100,492,000 | 141,916,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment related gain/loss | -39,733,000 | 3,112,000 | -8,357,000 | 4,970,000 | -25,544,000 | -27,155,000 | 3,582,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-gaap to gaap reconciling items on the share of equity method investments | -115,222,000 | -2,642,000 | 1,039,000 | 25,358,000 | -10,547,000 | 4,183,000 | 24,662,000 | -3,503,000 | 8,571,000 | -2,654,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-gaap to gaap reconciling items for the income/loss attributable to non-controlling interests | -505,000 | -578,000 | -492,000 | -436,000 | -311,000 | -157,000 | 15,005,000 | -154,000 | -278,000 | -4,631,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax effects on non-gaap adjustments | 28,501,000 | -485,000 | -734,000 | -1,103,000 | -781,000 | 196,000 | 394,000 | -6,605,000 | -5,541,000 | -10,771,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of issuance cost of convertible senior notes, unsecured senior notes and long-term loans | 1,943,000 | 1,943,000 | 1,943,000 | 2,314,000 | 3,468,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-gaap net income attributable to weibo’s shareholders | 110,698,000 | 143,215,000 | 119,532,000 | 106,612,000 | 76,366,000 | 111,229,000 | 178,518,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-gaap diluted net income per share attributable to weibo’s shareholders | 420 | 540 | 450 | 410 | 310 | 470 | 750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing gaap diluted net income per share attributable to weibo’s shareholders | 269,382,000 | 268,346,000 | 266,494,000 | 263,644,000 | 246,382,000 | 236,895,000 | 238,887,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing non-gaap diluted net income per share attributable to weibo’s shareholders | 269,382,000 | 268,346,000 | 266,494,000 | 263,644,000 | 246,382,000 | 236,895,000 | 238,887,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjusted ebitda: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-gaap adjustments | -110,395,000 | 17,530,000 | 12,568,000 | 57,174,000 | -6,864,000 | 10,737,000 | 36,602,000 | 136,144,000 | 81,395,000 | 200,381,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | -5,132,000 | -10,098,000 | -13,986,000 | -9,151,000 | -870,000 | -9,743,000 | -11,784,000 | -8,896,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expenses | 28,741,000 | 32,190,000 | 25,025,000 | 26,147,000 | 73,359,000 | 21,657,000 | 26,365,000 | 23,043,000 | 22,487,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation expenses | 10,979,000 | 10,363,000 | 9,149,000 | 9,417,000 | 9,303,000 | 10,601,000 | 7,626,000 | 8,268,000 | 8,616,000 | 8,730,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjusted ebitda | 145,286,000 | 175,670,000 | 139,720,000 | 133,025,000 | 158,158,000 | 133,744,000 | 155,265,000 | 144,744,000 | 132,911,000 | 153,088,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net revenues | 442,305,000 | 444,798,000 | 396,855,000 | 395,497,000 | 463,667,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-gaap operating margin | 30,000 | 36,000 | 33,000 | 32,000 | 31,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financial liability | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable non-controlling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weibo shareholders' equity | -41,582,000 | -38,584,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | -41,582,000 | -38,584,000 | -38,584,000 | 23,549,000 | 2,281,819,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable non-controlling interests and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease assets | 154,717,000 | 170,266,000 | 169,223,000 | 190,368,000 | 60,519,000 | 12,260,000 | 7,176,000 | 8,521,000 | 9,730,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 162,223,000 | 166,436,000 | 113,614,000 | 120,151,000 | 130,405,000 | 113,604,000 | 61,712,000 | 28,501,000 | 28,989,000 | 29,346,000 | 13,420,000 | 10,266,000 | 11,117,000 | 11,652,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued and other liabilities | -336,000 | 640,207,000 | 656,445,000 | 597,531,000 | 913,984,000 | 821,033,000 | 692,390,000 | 556,753,000 | 397,531,000 | 460,872,000 | 317,437,000 | 281,232,000 | 281,232,000 | 268,615,000 | 268,615,000 | 251,017,000 | 251,017,000 | 281,811,000 | 281,811,000 | 232,993,000 | 232,993,000 | 180,142,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liability | 61,052,000 | 66,151,000 | 37,644,000 | 41,694,000 | 66,903,000 | 56,048,000 | 58,299,000 | 33,500,000 | 33,972,000 | 12,577,000 | 1,880,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total weibo shareholders' equity | -38,584,000 | 23,549,000 | 2,283,267,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 200,643,000 | 199,399,000 | 200,136,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances of us54,557 and us20,700 as of december 31, 2023 and 2024, respectively | 256,670,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances of nil and nil as of december 31, 2023 and 2024, respectively | 43,495,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances of nil and nil as of december 31, 2023 and 2024, respectively | 39,589,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 3,491,781,000 | 4,512,716,000 | 4,075,753,000 | 4,552,258,000 | 4,802,780,000 | 4,653,048,000 | 4,834,559,000 | 3,578,245,000 | 3,636,178,000 | 2,469,098,000 | 2,048,372,000 | 597,237,000 | 498,404,000 | 586,190,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets | 109,781,000 | 134,129,000 | 104,814,000 | 125,072,000 | 166,930,000 | 157,177,000 | 146,976,000 | 16,412,000 | 17,524,000 | 21,103,000 | 517,000 | 1,100,000 | 1,966,000 | 3,539,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities (including amounts of the consolidated vies without recourse to the primary beneficiary of us576,394 and us572,936 as of december 31, 2023 and 2024, respectively) : | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liability, short-term | 12,162,000 | 10,388,000 | 9,077,000 | 9,694,000 | 7,919,000 | 5,594,000 | 5,580,000 | 4,775,000 | 4,708,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 84,690,000 | 94,507,000 | 74,887,000 | 55,282,000 | 144,747,000 | 89,100,000 | 102,844,000 | 99,841,000 | 100,245,000 | 88,683,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 968,136,000 | 1,797,345,000 | 1,715,757,000 | 1,219,938,000 | 2,159,019,000 | 1,092,666,000 | 958,370,000 | 762,604,000 | 800,855,000 | 629,844,000 | 484,876,000 | 278,103,000 | 208,775,000 | 112,572,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term liabilities | 579,000 | 579,000 | 686,000 | 686,000 | 780,000 | 873,000 | 550,000 | 550,000 | 612,000 | 612,000 | 679,000 | 679,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liability, long-term | 32,580,000 | 42,857,000 | 44,783,000 | 55,710,000 | 52,042,000 | 6,154,000 | 1,505,000 | 4,068,000 | 5,289,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-current liabilities | 3,069,000 | 3,422,000 | 2,503,000 | 15,123,000 | 8,505,000 | 2,102,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total long-term liabilities | 1,957,477,000 | 1,965,397,000 | 1,717,330,000 | 2,518,976,000 | 1,672,483,000 | 2,502,441,000 | 2,490,417,000 | 1,721,188,000 | 1,721,512,000 | 896,700,000 | 882,149,000 | 1,483,000 | 2,385,000 | 873,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares: us0.00025 par value; 2,400,000 and 2,400,000 shares (including 1,800,000 class a ordinary shares, 200,000 class b ordinary shares and 400,000 shares to be designated) authorized as of december 31, 2023 and 2024, respectively; 242,611 shares (including 154,789 class a ordinary shares and 87,822 class b ordinary shares) issued and outstanding as of december 31, 2023; and 244,272 shares (including 156,450 class a ordinary shares and 87,822 class b ordinary shares) issued and outstanding as of december 31, 2024. | 61,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 1,504,560,000 | 1,428,935,000 | 1,404,109,000 | 1,445,519,000 | 1,477,291,000 | 1,239,461,000 | 1,201,622,000 | 1,133,913,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -315,801,000 | -217,817,000 | -301,364,000 | -68,559,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings | 2,293,951,000 | 2,187,556,000 | 2,104,326,000 | 23,549,000 | 2,045,094,000 | 1,959,539,000 | 1,662,068,000 | 1,531,220,000 | 1,217,856,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total weibo shareholders’ equity | 3,482,771,000 | 3,398,735,000 | 3,207,129,000 | 3,330,250,000 | 3,593,821,000 | 3,010,038,000 | 2,812,425,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and marketing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product development | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value changes through earnings on investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 528,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value changes of convertible senior notes | -39,112,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financial expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income tax expenses | -38,584,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: income tax expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -38,584,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion to redeemable non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to weibo's shareholders | -38,584,000 | -17,137,000 | 28,300,000 | -67,524,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances of us37,625 and us54,557 as of december 31, 2022 and 2023, respectively | 341,486,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances of nil and nil as of december 31, 2022 and 2023, respectively | 61,094,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances of us555 and nil as of december 31, 2022 and 2023, respectively | 38,188,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities (including amounts of the consolidated vies without recourse to the primary beneficiary of us575,057 and us576,394 as of december 31, 2022 and 2023, respectively) : | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares: us0.00025 par value; 2,400,000 and 2,400,000 shares (including 1,800,000 class a ordinary shares, 200,000 class b ordinary shares and 400,000 shares to be designated) authorized as of december 31, 2022 and 2023, respectively; 237,242 shares (including 142,417 class a ordinary shares and 94,825 class b ordinary shares) issued and 234,186 shares outstanding as of december 31, 2022; and 242,611 shares (including 154,789 class a ordinary shares and 87,822 class b ordinary shares) issued and outstanding as of december 31, 2023. | 61,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock | -57,682,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances of us37,625 and us41,461 as of december 31, 2022 and september 30, 2023, respectively | 342,892,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances of nil and nil as of december 31, 2022 and september 30, 2023, respectively | 52,307,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances of us555 and nil as of december 31, 2022 and september 30, 2023, respectively | 38,870,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares: 0.00025 par value; 2,400,000 and 2,400,000 shares (including 1,800,000 class a ordinary shares, 200,000 class b ordinary shares and 400,000 shares to be designated) authorized; 237,242 shares (including 142,417 class a ordinary shares and 94,825 class b ordinary shares) and 236,248 shares (including 148,426 class a ordinary shares and 87,822 class b ordinary shares) issued and outstanding as of december 31, 2022 and september 30, 2023, respectively. | 58,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrual of non-cash compensation cost to non-controlling interest shareholders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of intangible assets | 10,176,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of issuance cost of convertible debt, unsecured senior notes and long-term loans | 1,606,000 | 1,440,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
add: the number of shares for dilution resulted from convertible debt | 6,753,000 | 6,753,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the number of shares for dilution resulted from unvested restricted share units | 1,550,000 | 447,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible debt | -23,549,000 | 899,647,000 | 898,612,000 | 897,576,000 | 896,541,000 | 894,470,000 | 894,470,000 | 892,399,000 | 892,399,000 | 890,337,000 | 889,301,000 | 889,301,000 | 889,301,000 | 888,266,000 | 888,266,000 | 887,230,000 | 887,230,000 | 886,195,000 | 886,195,000 | 885,158,000 | 884,123,000 | 884,123,000 | 883,089,000 | 883,089,000 | 882,054,000 | 882,054,000 | 881,018,000 | 881,018,000 | 879,983,000 | 879,983,000 | |||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -102,740,000 | 156,932,000 | 108,452,000 | 79,526,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrual (reversal) of non-cash compensation cost to non-controlling interest shareholders | -36,225,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefits) expenses | -19,095,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances of us42,650 and us37,625 as of december 31, 2021 and 2022, respectively | 378,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances of nil and nil as of december 31, 2021 and 2022, respectively | 75,347,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances of nil and us555 as of december 31, 2021 and 2022, respectively | 48,596,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities (including amounts of the consolidated vies without recourse to the primary beneficiary of us710,915 and us575,057 as of december 31, 2021 and 2022, respectively) : | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares: us0.00025 par value; 2,400,000 and 2,400,000 shares (including 1,800,000 class a ordinary shares, 200,000 class b ordinary shares and 400,000 shares to be designated) authorized; 236,553 shares (including 140,274 class a ordinary shares and 96,279 class b ordinary shares) and 237,242 shares (including 142,417 class a ordinary shares and 94,825 class b ordinary shares) issued and outstanding as of december 31, 2021 and 2022, respectively | 59,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash compensation cost to non-controlling interest shareholders | 4,689,000 | 4,824,000 | 6,074,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net results of impairment on, gain/loss on sale of and fair value change of investments | 105,901,000 | 25,676,000 | 177,950,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of convertible debt and unsecured senior notes issuance cost | 1,611,000 | 1,611,000 | 1,611,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-gaap net income attributable to weibo's shareholders | 119,007,000 | 109,695,000 | 132,857,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-gaap diluted net income per share attributable to weibo's shareholders | 500 | 460 | 560 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing gaap diluted net income per share attributable to weibo's shareholders | 235,894,000 | 237,025,000 | 235,206,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing non-gaap diluted net income per share attributable to weibo's shareholders | 244,197,000 | 243,778,000 | 242,406,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
add: the number of shares for dilution resulted from convertible debt | 6,753,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income,net | -8,443,000 | -10,986,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included short-term loans to and interest receivable from sina of 474.3 million as of march 31, 2022 and 479.6 million as of december 31, 2021. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances of us29,061 and us42,650 as of december 31, 2020 and 2021, respectively | 577,982,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances of nil and nil as of december 31, 2020 and 2021, respectively | 89,344,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances of us6,095 and nil as of december 31, 2020 and 2021, respectively | 55,763,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities (including amounts of the consolidated vies without recourse to the primary beneficiary of us538,269 and us710,915 as of december 31, 2020 and 2021, respectively) : | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares: us0.00025 par value; 2,400,000 and 2,400,000 shares (including 1,800,000 class a ordinary shares, 200,000 class b ordinary shares and 400,000 shares to be designated) authorized; 227,688 shares (including 125,909 class a ordinary shares and 101,779 class b ordinary shares) and 236,553 shares (including 140,274 class a ordinary shares and 96,279 class b ordinary shares) issued and outstanding as of december 31, 2020 and 2021, respectively | 59,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances of 29,061 and 35,880 as of december 31, 2020 and june 30, 2021, respectively | 467,246,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances of nil and nil as of december 31, 2020 and june 30, 2021, respectively | 122,991,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances of 6,095 and nil as of december 31, 2020 and june 30, 2021, respectively | 40,972,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares: 0.00025 par value; 2,400,000 and 2,400,000 shares (including 1,800,000 class a ordinary shares, 200,000 class b ordinary shares and 400,000 shares to be designated) authorized; 227,688 shares (including 125,909 class a ordinary shares and 101,779 class b ordinary shares) and 228,281 shares (including 126,502 class a ordinary shares and 101,779 class b ordinary shares) issued and outstanding as of december 31, 2020 and june 30, 2021, respectively. | 57,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included short-term loans to and interest receivable from sina of 480.7 million as of june 30, 2021 and 547.9 million as of december 31, 2020. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 51,772,000 | 32,184,000 | 46,086,000 | 54,607,000 | 54,607,000 | 47,307,000 | 37,577,000 | 55,787,000 | 55,787,000 | 28,362,000 | 28,362,000 | 88,808,000 | 14,926,000 | 14,926,000 | 11,760,000 | 11,760,000 | 46,710,000 | 46,710,000 | 14,314,000 | 14,314,000 | 13,380,000 | 13,380,000 | 8,765,000 | 8,765,000 | 10,553,000 | 10,553,000 | 7,588,000 | 7,588,000 | 5,592,000 | 5,592,000 | 7,691,000 | 7,691,000 | 5,242,000 | 5,242,000 | 5,594,000 | 10,173,000 | 10,173,000 | 24,349,000 | 24,349,000 | 6,846,000 | 6,846,000 | 3,023,000 | 327,000 | 327,000 | 14,312,000 | 14,312,000 | 3,541,000 | 3,541,000 | 479,000 | 479,000 | |||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior notes | 1,536,112,000 | 794,653,000 | 794,319,000 | 794,319,000 | 793,985,000 | 793,682,000 | 793,682,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interests | 57,714,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 6,335,117,000 | 5,016,685,000 | 4,795,182,000 | 4,795,182,000 | 4,804,186,000 | 4,804,186,000 | 4,601,799,000 | 4,601,799,000 | 3,668,136,000 | 3,668,136,000 | 3,588,424,000 | 3,274,682,000 | 3,047,023,000 | 3,047,023,000 | 2,876,402,000 | 2,876,402,000 | 2,782,814,000 | 2,782,814,000 | 2,561,819,000 | 1,496,791,000 | 1,496,791,000 | 1,343,364,000 | 1,343,364,000 | 1,170,542,000 | 1,170,542,000 | 1,036,944,000 | 971,845,000 | 971,845,000 | 890,759,000 | 890,759,000 | 862,590,000 | 839,189,000 | 785,879,000 | 785,879,000 | 703,917,000 | ||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances of 36,594 and 29,061 as of december 31, 2019 and 2020, respectively | 314,159,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances of nil and nil as of december 31, 2019 and 2020, respectively | 135,321,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances of nil and 6,095 as of december 31, 2019 and 2020, respectively | 42,530,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares: 0.00025 par value; 2,400,000 and 2,400,000 shares (including 1,800,000 class a ordinary shares, 200,000 class b ordinary shares and 400,000 shares to be designated) authorized; 226,310 shares (including 124,531 class a ordinary shares and 101,779 class b ordinary shares) and 227,688 shares (including 125,909 class a ordinary shares and 101,779 class b ordinary shares) issued and outstanding as of december 31, 2019 and 2020, respectively. | 57,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances for doubtful accounts of 36,594 and 31,802 as of december 31, 2019 and march 31, 2020, respectively | 230,725,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances for doubtful accounts of nil and nil as of december 31, 2019 and march 31, 2020, respectively | 84,852,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances for doubtful accounts of nil and nil as of december 31, 2019 and march 31, 2020, respectively | 71,392,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances for doubtful accounts of 11,799 and 36,594 as of december 31, 2018 and 2019, respectively | 262,158,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances for doubtful accounts of nil and nil as of december 31, 2018 and 2019, respectively | 60,392,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances for doubtful accounts of 630 and nil as of december 31, 2018 and 2019, respectively | 99,675,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares: 0.00025 par value; 2,400,000 and 2,400,000 shares (including 1,800,000 class a ordinary shares, 200,000 class b ordinary shares and 400,000 shares to be designated) authorized; 224,838 shares (including 123,059 class a ordinary shares and 101,779 class b ordinary shares) and 226,310 shares (including 124,531 class a ordinary shares and 101,779 class b ordinary shares) issued and outstanding as of december 31, 2018 and 2019, respectively. | 57,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances for doubtful accounts of 8,114 and 11,799 as of december 31, 2017 and 2018, respectively | 190,036,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances for doubtful accounts of nil and nil as of december 31, 2017 and 2018, respectively | 48,222,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances for doubtful accounts of nil and 630 as of december 31, 2017 and 2018, respectively | 130,835,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term deferred revenues | 286,000 | 666,000 | 1,047,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments | 452,337,000 | 429,204,000 | 429,204,000 | 419,711,000 | 419,711,000 | 420,674,000 | 420,674,000 | 399,933,000 | 284,481,000 | 284,481,000 | 293,713,000 | 293,713,000 | 299,794,000 | 294,679,000 | 225,839,000 | 225,839,000 | 227,200,000 | 227,200,000 | 46,454,000 | 45,199,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances for doubtful accounts of 5,046 and 8,114 as of december 31, 2016 and 2017, respectively | 97,572,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances for doubtful accounts of nil and nil as of december 31, 2016 and 2017, respectively | 42,832,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances for doubtful accounts of 1,483 and nil as of december 31, 2016 and 2017, respectively | 29,696,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term liability | 1,115,000 | 1,115,000 | 1,234,000 | 1,234,000 | 1,356,000 | 1,356,000 | 1,483,000 | 1,925,000 | 1,925,000 | 2,065,000 | 2,065,000 | 2,238,000 | 2,385,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amount due to sina | 2,885,000 | 2,885,000 | 12,434,000 | 12,434,000 | 17,617,000 | 17,617,000 | 26,061,000 | 12,188,000 | 12,188,000 | 11,277,000 | 11,277,000 | 1,717,000 | 1,717,000 | 25,432,000 | 25,432,000 | 19,896,000 | 19,896,000 | 263,323,000 | 263,323,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 3,491,000 | 3,491,000 | 3,865,000 | 3,865,000 | 4,133,000 | 4,413,000 | 4,413,000 | 5,855,000 | 5,855,000 | 7,456,000 | 7,357,000 | 7,767,000 | 7,767,000 | 8,195,000 | 8,195,000 | 1,106,000 | 1,055,000 | 350,000 | 350,000 | 372,000 | 372,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable * | 48,997,000 | 42,061,000 | 42,061,000 | 30,461,000 | 30,461,000 | 42,874,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities * | 180,142,000 | 155,446,000 | 155,446,000 | 134,429,000 | 134,429,000 | 106,230,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances for doubtful accounts of 1,375 and 5,046 as of december 31, 2015 and 2016, respectively | 61,655,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba, net of allowances for doubtful accounts of nil and nil as of december 31, 2015 and 2016, respectively | 24,293,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from other related parties, net of allowances for doubtful accounts of nil and 1,483 as of december 31, 2015 and 2016, respectively | 30,106,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term deferred revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities | 154,964,000 | 146,967,000 | 146,967,000 | 144,513,000 | 144,513,000 | 108,715,000 | 87,478,000 | 87,368,000 | 87,368,000 | 70,663,000 | 70,663,000 | 52,087,000 | 52,087,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weibo ordinary shareholders’ equity | 620,672,000 | 596,357,000 | 596,357,000 | 587,761,000 | 587,761,000 | 569,893,000 | 563,281,000 | 557,031,000 | 557,031,000 | 557,874,000 | 557,874,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances for doubtful accounts of 2,301 and 1,375 as of december 31, 2014 and 2015, respectively | 32,217,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from sina and other related parties, net of allowances for doubtful accounts of 139 and nil as of december 31, 2014 and 2015, respectively | 33,961,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from alibaba | 54,052,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities due to third parties and employees | 138,917,000 | 81,692,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities due to related parties | 16,047,000 | 5,786,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilitiesand shareholders’ equity | 776,655,000 | 776,655,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, mezzanine equity and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investor option liability | 69,692,000 | 69,692,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mezzanine equity - preferred shares | 479,612,000 | 479,612,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, mezzanine equity and shareholders’ equity | 677,781,000 | 692,796,000 | 692,796,000 | 668,001,000 | 668,001,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from third parties, net of allowances for doubtful accounts of 3,014 and 2,301 as of december 31, 2013 and 2014, respectively | 36,976,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from sina and other related parties, net of allowances for doubtful accounts of 228 and 139 as of december 31, 2013 and 2014, respectively | 18,509,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable due from related party alibaba | 64,725,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, mezzanine equity and shareholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liabilities | 873,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liablities subtotal | 400,413,000 | 400,413,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ deficit: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weibo ordinary shareholders’ deficit | -287,902,000 | -287,902,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ deficit | -287,902,000 | -287,902,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, mezzanine equity and shareholders’ deficit | 592,802,000 | 592,802,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2023-12-31 | 2020-06-30 | 2020-03-31 |
|---|---|---|---|
cash flows from operating activities: | |||
net income | 88,684,000 | 52,099,000 | 52,099,000 |
adjustments to reconcile net income to net cash from operating activities: | |||
depreciation and amortization | 14,707,000 | 6,802,000 | 6,802,000 |
stock-based compensation | 21,748,000 | 15,294,000 | 15,294,000 |
amortization of operating lease assets | 3,642,000 | ||
non-cash compensation cost to non-controlling interest shareholders | 3,260,000 | ||
provision of allowance for credit losses | 11,837,000 | ||
deferred income taxes | 26,435,000 | ||
foreign currency exchange loss | 3,619,000 | ||
loss from equity method investments | -19,108,000 | ||
dividend received from equity method investments | 0 | ||
loss on sale of investments | -418,000 | ||
fair value changes through earnings on investments | -25,408,000 | 3,500,000 | 3,500,000 |
investment-related impairment and provision | |||
impairment of intangible assets | |||
gain on disposal of property and equipment | -84,000 | ||
amortization of issuance cost of convertible senior notes, unsecured senior notes and long-term loans | |||
changes in assets and liabilities: | |||
accounts receivable due from third parties | -912,000 | 20,413,000 | 20,413,000 |
accounts receivable due from alibaba | -7,342,000 | ||
accounts receivable due from other related parties | 1,653,000 | 26,981,000 | 26,981,000 |
prepaid expenses and other current assets | 6,500,000 | ||
other non-current assets | -3,829,000 | ||
accounts payable | 1,137,000 | ||
accrued and other liabilities | 50,554,000 | ||
amount due from sina | 28,412,000 | ||
deferred revenues | -5,727,000 | 48,272,000 | 48,272,000 |
operating lease liabilities | -2,368,000 | ||
income taxes payable | 17,445,000 | 1,301,000 | 1,301,000 |
net cash from operating activities | 218,187,000 | 63,576,000 | |
capital expenditures | -7,501,000 | 0 | |
free cash flows | 210,686,000 | 63,576,000 | |
cash flows from investing activities: | |||
purchases of bank time deposits and wealth management products | -407,206,000 | ||
maturities of bank time deposits and wealth management products | 84,726,000 | ||
investment in and prepayment on long-term investments | -4,059,000 | ||
proceeds from disposal of/refund of prepayment on long-term investments | 5,861,000 | 22,419,000 | 22,419,000 |
proceeds from disposal of property and equipment | 92,000 | ||
purchases of property and equipment | -7,501,000 | ||
prepayment for purchase of sina plaza | |||
loans to sina | |||
repayment of loans by sina | |||
cash received from (paid for) acquisitions, net of cash acquired | |||
prepayment to agent for share repurchase | |||
return of prepayment to agent for share repurchase | 0 | ||
net cash from investing activities | -356,734,000 | ||
cash flows from financing activities: | |||
proceeds from employee options exercised | 86,000 | 86,000 | |
payments for share repurchases | |||
cash paid for global offering, net of issuance costs | |||
proceeds from long-term loans, net of issuance costs | -18,000 | ||
repayment of convertible senior notes | |||
repayment of long-term loans | |||
repayment of unsecured senior notes | |||
proceeds from convertible senior notes, net of issuance costs | |||
proceeds from ads lending arrangement in connection with issuance of convertible senior notes | |||
purchase of a subsidiary’s shares from non-controlling shareholders | |||
dividends paid to shareholders, net of dividends received from ads borrower | |||
cash paid to non-controlling interest shareholders due to dissolution of a subsidiary | |||
net cash from financing activities | 220,885,000 | 86,000 | |
effect of exchange rate changes on cash and cash equivalents | 47,290,000 | ||
net increase in cash and cash equivalents | 129,628,000 | ||
cash and cash equivalents at the beginning of the year | |||
cash and cash equivalents at the end of the year | |||
supplemental disclosures of cash flow information: | |||
cash paid for interest expenses on convertible senior notes, unsecured senior notes and long-term loans | |||
cash paid for income taxes | -28,475,000 | -14,528,000 | -14,528,000 |
non-cash investing and financing activities | |||
property and equipment in accounts payable | 173,000 | 3,924,000 | 3,924,000 |
unpaid consideration for acquisition of stc | |||
unpaid consideration for other acquisitions | |||
cash received from (paid for) global offering, net of issuance costs | |||
dividends paid to shareholders | -1,000 | ||
investment related impairment and provision | |||
amortization of issuance cost of convertible debt, unsecured senior notes and long-term loans | |||
loan to sina | |||
repayment of loan by sina | 17,266,000 | 17,266,000 | |
payment for acquisitions, net of cash acquired | |||
payments for issuance costs of global offering | |||
payments for issuance costs of long-term loans | |||
payments to non-controlling shareholders | |||
cash and cash equivalents at the beginning of the period | |||
cash and cash equivalents at the end of the period | |||
cash paid for interest expenses on convertible debt/unsecured senior notes/long-term loans | |||
non-cash investing and financing activities: | |||
unpaid consideration for acquisition | |||
unpaid consideration for purchase of a subsidary's non-controlling interests | |||
gain on sale of investments | |||
proceeds from unsecured senior notes, net of issuance costs | |||
repayment of convertible notes | |||
repurchase of non-controlling shareholders | |||
proceeds from sale of a subsidiary’s equity interest to a non-controlling shareholder | |||
supplemental disclosures: | |||
cash paid for interest expenses on convertible debt/unsecured senior notes | |||
deferred tax expenses | |||
investment-related impairment | |||
amortization of convertible debt and unsecured senior notes issuance cost | 1,369,000 | 1,369,000 | |
proceeds from global offering, net of issuance costs | |||
supplemental disclosure of cash flow information | |||
supplemental schedule of non-cash investing and financing activities | |||
consideration settled for acquisition | |||
| |||
income from equity method investments | |||
investment related impairment | |||
goodwill and acquired intangibles impairment | |||
changes in assets and liabilities, net of acquisition: | |||
purchases of short-term investments | |||
maturities of short-term investments | 185,800,000 | 185,800,000 | |
cash paid (including prepayment) on long-term investments | |||
cash paid for acquisitions, net of cash acquired | |||
repayment of loan from sina | |||
amortization of right-of-use assets | 791,000 | 791,000 | |
provision for allowance for doubtful accounts | 6,978,000 | ||
other assets | |||
net cash provided by operating activities | 63,576,000 | ||
net cash provided by financing activities | 86,000 | ||
effect of exchange rate changes on cash, cash equivalents and restricted cash | |||
net decrease in cash, cash equivalents and restricted cash | |||
cash, cash equivalents and restricted cash at the beginning of the period | 1,452,985,000 | 1,452,985,000 | |
cash, cash equivalents and restricted cash at the end of the period | 1,131,229,000 | 1,131,229,000 | |
cash paid for interest expenses on unsecured senior notes | -14,000,000 | -14,000,000 | |
unpaid consideration for investment | |||
benefit from allowance for doubtful accounts | 6,978,000 | ||
(income) income from equity method investments | |||
amortization of operating lease - right of use assets | |||
amount due to (from) sina | |||
cash paid for business acquisition, net of cash acquired | |||
proceeds from convertible notes, net of debt issuance costs | |||
proceeds from unsecured senior notes, net of debt issuance costs | |||
loan from sina | |||
cash paid for interest expenses on matching loan from sina | |||
cash paid for interest expenses on convertible debt | |||
loss on disposal of property and equipment | |||
amortization of convertible debt issuance cost | |||
investment and prepayment in long-term investments | |||
uncollected proceeds from sale of subsidiary’s shares to non-controlling shareholders | |||
unpaid consideration for acquisitions | |||
provision (reversal) for allowance for doubtful accounts | |||
deferred income tax benefits | |||
proceeds from disposal/refund of long-term investments | |||
net increase (decrease) in cash and cash equivalents | |||
cash paid for income tax | |||
deferred income tax expense | |||
change in fair value of investor option liability | |||
interest on amount due to sina | |||
proceeds from ipo, net of commission | |||
payment of offering expenses | |||
payment for ordinary shares and repurchase of vested options | |||
proceeds from sales of non-controlling interests in subsidiaries | |||
funding from sina | |||
repayment of amount due to sina | |||
cash paid for interest | |||
deemed contribution from sina | |||
deemed contribution from alibaba | |||
conversion of preferred shares to ordinary shares | |||
remeasurement gain upon obtaining control | |||
accounts receivable due from sina and other related parties | |||
accrued liabilities due to third parties and employees | |||
accrued liabilities due to related parties | |||
amount due to sina | |||
net cash provided by (used in) operating activities | |||
proceeds from disposal of long-term investments | |||
proceeds from employees options exercised | |||
proceeds from the issuance of preferred and ordinary shares | |||
other financing activities | |||
legal transfer of weibo interactive and recognition of amount due to sina | |||
net loss | |||
adjustments to reconcile net loss to net cash from operating activities: | |||
loss from equity method investment | |||
accounts receivable due from related party alibaba | |||
net cash provided by (used in) investing activities | |||
deemed contribution from related party alibaba |
