Reports Q4 revenue $448M, consensus $448.69M. Monthly active users were 586M in December. Average daily active users were 252M in December. "We navigated through the challenging 2022 with solid operating efficiency," said Gaofei Wang, CEO of Weibo. "Our community remained healthy and engaged, mainly attributable to the optimization of social product and effective channel investment. On monetization, our advertising business has exhibited recovery trend in the second half of 2022, although macro challenges continuously weighed on the overall advertising demand. We are pleased to see the operating efficiency that we achieved throughout this year, with non-GAAP operating margin reaching 33% for 2022. As we entered into 2023, we will embrace the broad recovery of the advertising business post China’s reopening and drive value for our advertisers through our ecosystem based integrated marketing solution. We will continue to focus on enhancing operating efficiency, aiming to sustain our long-term competitiveness in the market."
Published first on TheFly
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