Q1 2026 Weibo Corp Earnings Call Transcript
Key Points
- Weibo Corp (WB) reported a 6% year-over-year increase in total revenues, reaching USD421.3 million.
- Advertising revenues grew by 9% year over year, driven by strong performance in internet services, local services, and the automobile sector.
- The company saw double-digit growth in video consumption, with significant increases in time spent on video playback pages.
- Weibo Corp (WB) enhanced its AI capabilities, improving ad targeting, bidding, and creative generation, which supported promoted feeds and real-time bidding ad products.
- The company maintained a strong cash position with cash, cash equivalents, and short-term investments totaling USD2.59 billion as of March 31, 2026.
- Monthly Active Users (MAUs) experienced a modest decline both year-over-year and quarter-over-quarter, reflecting challenges in user acquisition and retention.
- The handset sector faced pressure due to rising chip and memory costs, impacting advertising budgets and profitability.
- Value-added service revenues decreased by 11% year over year, primarily due to a decline in game-related revenue.
- Operating margin declined to 28% from 33% in the same period last year, attributed to increased investments in monetization-related initiatives.
- The online games sector continued to face headwinds due to a lack of blockbuster releases, impacting revenue growth.
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 Weibo's 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. Forward-looking statements involve inherent risks and uncertainties.
A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Weibo assumes no obligation to update the forward-looking statements in this conference call and elsewhere. Further information regarding this and other risks is included in Weibo's annual report on Form 20-F and other filings with the SEC.
All the information provided in this press release is occurring as the date hereof. Weibo assumes
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