Q4 2025 Weibo Corp Earnings Call Transcript
Key Points
- Weibo Corp (WB) reported a 4% year-over-year increase in total revenues for the fourth quarter, reaching USD473.3 million.
- The company's non-GAAP operating income for the fourth quarter was USD100.4 million, with an operating margin of 21%.
- Weibo's MAUs reached 567 million and average DAUs reached 252 million in December 2025, indicating strong user engagement.
- The company saw a 5% year-over-year growth in advertising revenues for the fourth quarter, driven by sectors like e-commerce, automobile, and local services.
- Weibo's AI integration in advertising has improved ad targeting and creative solutions, contributing to a 40% consumption in promoted fee ad offerings.
- Value-added service revenues decreased by 2% year-over-year in the fourth quarter, indicating challenges in this segment.
- The online game sector continued to face pressure due to a lack of blockbuster game releases, impacting revenue growth.
- Operating margin decreased from 30% in the same period last year to 21% in the fourth quarter of 2025.
- Net income margin for the fourth quarter was 14%, down from 23% last year, primarily due to increased operating expenses and income tax.
- The handset industry is expected to experience flat performance in 2026 due to uncertainties and increased memory prices.
Good day and thank you for standing by.
Welcome to the Weibo reports Fourth-Quarter and Fiscal-Year 2025 Financial Results Conference Call.
(Operator Instructions)
Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Sandra Zhang, IR Representative. Please go ahead.
Thank you, operator.
Welcome to Weiboâs Fourth-Quarter and Fiscal-Year 2025 Earnings Conference Call.
Joining me today are our Chief Executive Officer, Gaofei Wang, and our Chief Financial Officer, Fei Cao.
The conference call is also being broadcasted on the internet and is available through the IR website. Before the management remarks, I would like to read you the safe harbor statement in connection with today's conference call.
During today's conference call, we may make forward-looking statements. Statements that are not historical facts, including statements of our beliefs and expectations.
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