Weibo Corp (WB) has released an update.
Weibo Corp has reconciled its financial statements from U.S. GAAP to International Financial Reporting Standards (IFRS), highlighting key adjustments in areas such as convertible senior notes, leases, fair value measurements, and share-based compensation. The adjustments resulted in significant differences in the reported costs, expenses, and net income for the years ended December 31, 2021, and 2022, and preliminary figures for 2023 indicate a continuation of these trends.
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