Weibo reports Q4 EPS 31c, consensus 49c

Reports Q4 revenue $463.67M, consensus $455.09M. Monthly active users were 598M in December 2023. Average daily active users were 257M. “In 2023, we further improved our product’s competitiveness and operating efficiency,” said Gaofei Wang, CEO of Weibo. “Our user community expanded this year, as we have reinforced our content ecosystem and enhanced core competitiveness of our products. On monetization front, our advertising business exhibited solid performance this quarter and gradually recovered throughout the year. With our continued focus on operating efficiency and financial discipline, we achieved decent profitability and solid growth of operating cash flow in 2023. As we are committed to driving shareholder value, we are pleased to announce that our board of directors has approved a special cash dividend of US$200 million to our shareholders.”