Weibo Corp (WB); 9898 HK

[winston]

vested

3 Big Reasons to Believe in the Weibo Stock Turnaround

by Luke Lango

First, the fundamentals are turning a corner, and imply that the stock is undervalued here and now.

Second, the optics are steadily improving, and project to keep improving for the foreseeable future.

Third, the technicals support the idea that WB stock tested and held a multi-year support level at $40, and is now ready to roar higher from here.

1. Improving Fundamentals

Monthly active user growth quarter-over-quarter was 4.5% – the biggest sequential user growth rate in four quarters.

Further, constant currency revenue growth is expected to be 7.5% per quarter, up from this quarter’s 7% growth rate and ending a multi-quarter streak of decelerating revenue growth which dates back two years.

Perhaps most importantly, trailing 12-month adjusted EBITDA margins dropped just 14 basis points quarter-over-quarter, the slowest compression there in three quarters. The reason? Management is effectively cutting back on sales and marketing spend.

Based on a market-average 16-forward multiple and 10% discount rate, that equates to a 2019 price target for WB stock of $50.

Source: Investor Place

https://finance.yahoo.com/news/3-big-re ... 48919.html

[winston]

vested

Weibo: Revenue miss, soft outlook

By Brandy Betz

Weibo's (NASDAQ:WB) Q3 report misses on revenue and beats on earnings.

For Q4, Weibo sees net revenue growth of 0-3% Y/Y on a constant currency basis versus the 3.8% growth consensus.

Q3 ad and marketing revenue increased 1% Y/Y to $412.5M.

VAS revenue grew 9% to $55.3M.

Adjusted EBITDA was up 2% Y/Y to $196.3M, above the $185.5M consensus.

MAU net adds dropped 27% to 51M.

DAU net adds fell 30% to 21M.

Source: Seeking Alpha

https://seekingalpha.com/news/3519138-w ... ft-outlook

[winston]

vested

Are Investors Too Bearish on SINA and Weibo?

by Leo Sun

3Q Results:-
Sina: Revenue +1%; EPS +1%
Weibo: Revenue +2%; EPS +3%

Like many other digital ad platforms in China, Weibo and SINA are struggling to sell ads as the sluggish Chinese economy forces companies to cut their marketing budgets.

Competition from rival platforms like Tencent's (OTC:TCEHY) WeChat, Baidu (NASDAQ:BIDU), and ByteDance's Toutiao and TikTok are exacerbating that pain.

To counter that trend, Weibo and SINA are diversifying their core businesses away from digital ads.

Weibo beefed up its VAS (value-added services) unit by acquiring a live video streaming platform at the end of 2018. As a result, its VAS revenue -- which accounted for the remaining 12% of its top line -- rose 9% annually.

Analysts expect SINA's revenue to rise just 2% this year, but accelerate to 9% growth next year. Its earnings are expected to drop 20% this year but rebound 15% next year. Those are decent growth rates for a stock that trades at less than 12 times forward earnings.

Weibo's revenue is expected to rise 5% this year and 11% next year, and its earnings could remain flat this year but rise 12% next year. Those are also solid growth rates compared to its forward P/E of 14.

Source: Motley Fool

https://www.fool.com/investing/2019/11/ ... weibo.aspx

[winston]

vested

Weibo: Bullish Start

Dec. 31, 2019

By Brandy Betz

Guosheng Securities starts Weibo (NASDAQ:WB) ADRs with an Accumulate recommendation and $51 price target, a 10% upside.

Last month, Weibo reported Q3 results that beat on earnings but missed on revenue.

The company guided soft Q4 revenue growth.

Weibo has a Bullish average Sell Side rating.

Source: Seeking Alpha

https://seekingalpha.com/news/3528933-w ... m=referral

[winston]

vested

Weibo Earnings Mixed As China Social Stock Falls

by BRIAN DEAGON

The company reported adjusted earnings of 77 cents per share as revenue fell nearly 3% to $468.15 million.

Wall Street expected adjusted earnings of 72 cents on revenue of $470 million.

Weibo reported having 516 million monthly active users at the end of December, a net addition of about 54 million from last year.

Mobile users represented 94% of monthly active users, according to the Weibo earnings report.

Source: Investor's Business Daily

https://finance.yahoo.com/m/9b3153d9-6a ... china.html

[winston]

vested

Weibo posts revenue beat despite ad hit

By: Brandy Betz

Weaker ad demand due to the coronavirus pushed Weibo (NASDAQ:WB) to in-line Q1 EPS with a slight revenue beat for the period ending on March 31.

Management's coronavirus comment: "On monetization, we have seen a gradual recovery trend since March for most brands and merchants from the trough in February, although there are still uncertainties brought forth by the pandemic."

Ad and marketing revenue totaled $275.4M (-19%). VAS revenue was $48M (-17%).

DAU net adds were 38M, up from 19M in last year's quarter.

Adjusted EBITDA was down 46% to $75.8M.

For Q2, Weibo expects revenue to decrease 7-12% Y/Y in constant currency.

Source: Seeking Alpha

https://seekingalpha.com/news/3575844-w ... m=referral

[winston]

vested

Weibo Stock Dips As First-Quarter Earnings Miss, Revenue Tops

by BRIAN DEAGON

China social media company Weibo (WB) reported mixed first-quarter results Tuesday morning that slightly missed on earnings but beat on revenue. Weibo stock fell.

The company reported adjusted earnings of 30 cents per share on revenue of $323.4 million. Wall Street expected earnings of 31 cents on revenue of $322.8 million. Revenue rose 19% from the year-ago quarter.

Daily active users rose to 241 million, up 38 million from a year earlier.

Advertising and marketing revenues fell 19% to $275.4 million.

Weibo Stock Activity

Weibo stock fell 1.9%, closing at 35.89 on the stock market today, just above its 50-day moving average.

The company provides an online service comparable to Twitter (TWTR).

Weibo is majority owned by Sina (SINA), which reported better-than-expected first-quarter results early Tuesday.

"We are satisfied with our first-quarter result amid the coronavirus pandemic," said Weibo Chief Executive Gaofei Wang, in prepared remarks with the earnings release.

"We will continue to focus on optimizing ad products and enhancing ad performance for advertisers to further tap into advertisers' social ad wallet and improve our monetization efficiency," he said.

Weibo stock is down about 15% for 2020.

Source: IBD

https://www.investors.com/news/technolo ... yptr=yahoo

[winston]

vested

Weibo Stock Dips As First-Quarter Earnings Miss, Revenue Tops

by BRIAN DEAGON

China social media company Weibo (WB) reported mixed first-quarter results Tuesday morning that slightly missed on earnings but beat on revenue. Weibo stock fell.

The company reported adjusted earnings of 30 cents per share on revenue of $323.4 million. Wall Street expected earnings of 31 cents on revenue of $322.8 million. Revenue rose 19% from the year-ago quarter.

Daily active users rose to 241 million, up 38 million from a year earlier.

Advertising and marketing revenues fell 19% to $275.4 million.

Weibo Stock Activity

Weibo stock fell 1.9%, closing at 35.89 on the stock market today, just above its 50-day moving average.

The company provides an online service comparable to Twitter (TWTR).

Weibo is majority owned by Sina (SINA), which reported better-than-expected first-quarter results early Tuesday.

"We are satisfied with our first-quarter result amid the coronavirus pandemic," said Weibo Chief Executive Gaofei Wang, in prepared remarks with the earnings release.

"We will continue to focus on optimizing ad products and enhancing ad performance for advertisers to further tap into advertisers' social ad wallet and improve our monetization efficiency," he said.

Weibo stock is down about 15% for 2020.

Source: IBD

https://www.investors.com/news/technolo ... yptr=yahoo

[winston]

vested

Nomura Stick to Their Hold Rating for Weibo

Nomura analyst Jialong Shi maintained a Hold rating on Weibo (NASDAQ:WB) on Wednesday, setting a price target of $41, which is approximately 14.24% above the present share price of $35.89.

Shi expects Weibo to post earnings per share (EPS) of $0.42 for the second quarter of 2020.

The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Weibo, with an average price target of $43.04.

The analysts price targets range from a high of $50 to a low of $34.5.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $468.15 million and a net profit of $150.74 million.

The company's market cap is $7.77 billion.

According to TipRanks.com, Nomura analyst Jialong Shi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.6% and a 68.48% success rate.

Weibo Corp . engages in the creation, distribution, and discovery of Chinese-language content.

It operates through the Advertising and Marketing Services, and Other Services segments.

Its products and services include Self-Expression, such as Feed, Individual page, and Enterprise page; Social Products, such as Follow, Repost, Comment, Favorite, like, Mention, Messenger, and Group Chat; Discovery (NASDAQ:DISCA) Products, such as Information Feed, Search, Object Page, Trends, and Discovery Channel; Notifications; Weibo Games; VIP Membership; and Weibo Apps.

The company was founded in August 2009 and is headquartered in Beijing, China.

Source: Investing.com

https://www.investing.com/news/nomura-s ... bo-2179546

[winston]

not vested

WB-SW (09898.HK) Priced at HK$272.8/ Shr for Secondary Listing: Wire

WB-SW (09898.HK) plans to price its stock for secondary listing in Hong Kong at HK$272.8 (about US$35) each, down 29.7% against the highest offer price of HK$388, foreign media cited people familiar with the matter.

The company intends to capture as much as HK$3 billion from the IPO.

The price for WB-SW's share for secondary listing in Hong Kong represented a discount of about 2.8% to the closing of Weibo (WB.US) -3.810 (-9.570%) at US$36 in the U.S. last night.

Ending its IPO this noon, WB-SW was expected to list on 8 December.

Source: AAStocks Financial News