Weibo Corporation (WB, Financial), a leading social media platform in China, announced its unaudited financial results for the first quarter ending March 31, 2025. The company reported a net revenue of $396.9 million, maintaining stability compared to the previous year. Advertising and marketing revenues were $339.1 million, also stable year-over-year. Notably, advertising revenue from Alibaba increased by 89% due to heightened promotional needs.
Weibo's CEO, Wang Gaofei, expressed satisfaction with the platform's progress in AI applications, highlighting the open access to Weibo's AI search feature, which saw significant user growth. The company focused on enhancing user value and upgrading social product integrations. User engagement continued to rise, with monthly active users reaching 591 million and daily active users at 261 million.
Operating profit for the quarter was $110.3 million with a 28% margin, while non-GAAP operating profit was $129.5 million, achieving a 33% margin. Net profit attributable to Weibo shareholders was $107 million, with a diluted EPS of $0.41. Cash and short-term investments totaled $2.08 billion, a decrease due to purchasing long-term financial products.
