Weibo (NASDAQ:WB) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.76b (down 4.2% from FY 2022).
• Net income: US$342.6m (up 300% from FY 2022).
• Profit margin: 20% (up from 4.7% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: US$1.45 (up from US$0.36 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Weibo Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are up 11% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Weibo's balance sheet health.

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