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RichardChan
2021-05-10

Weibo EPS beats by $0.09, beats on revenue; provides outlook<blockquote>微博EPS超过预期0.09美元，营收超过预期；提供outlook</blockquote>

Weibo Corporation (WB) ("Weibo" or the "Company") (NASDAQ: WB), a leading social media inChina, toda

Weibo EPS beats by $0.09, beats on revenue; provides outlook<blockquote>微博EPS超过预期0.09美元，营收超过预期；提供outlook</blockquote>

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{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":190487376,"tweetId":"190487376","gmtCreate":1620644628695,"gmtModify":1634197468007,"author":{"id":3571374794365493,"idStr":"3571374794365493","authorId":3571374794365493,"authorIdStr":"3571374794365493","name":"RichardChan","avatar":"https://static.tigerbbs.com/64d5734e0b23f1d7188c4305c41dbc4b","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Like</body></html>","htmlText":"<html><head></head><body>Like</body></html>","text":"Like","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/190487376","repostId":1112709254,"repostType":4,"repost":{"id":"1112709254","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620640528,"share":"https://www.laohu8.com/m/news/1112709254?lang=zh_CN&edition=full","pubTime":"2021-05-10 17:55","market":"us","language":"en","title":"Weibo EPS beats by $0.09, beats on revenue; provides outlook<blockquote>微博EPS超过预期0.09美元，营收超过预期；提供outlook</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112709254","media":"Tiger Newspress","summary":"Weibo Corporation (WB) (\"Weibo\" or the \"Company\") (NASDAQ: WB), a leading social media inChina, toda","content":"Weibo Corporation (WB) (\"Weibo\" or the \"Company\") (NASDAQ: WB), a leading social media inChina, today announced its unaudited financial results for first quarter ended March 31, 2021.<blockquote>中国领先的社交媒体微博公司（WB）（“微博”或“公司”）（纳斯达克：WB）今天公布了截至2021年3月31日的第一季度未经审计的财务业绩。</blockquote>\"We started the year of 2021 with a strong quarter,\" saidGaofei Wang, CEO of Weibo. \"Weibo's user base and engagement continued to grow from prior quarter, leveraging our effective channel investments, enriched video offerings and our strength in social distribution and hot trends. On the monetization front, we are glad to see broad-based year-over-year growth across industries and robust momentum with certain differentiated ad products, demonstrating our competitiveness in fulfilling advertiser's increasing brand plus performance needs.\"Mr. Wangconcluded.<blockquote>微博首席执行官王高飞表示：“我们以强劲的季度开局2021年。”“得益于我们有效的渠道投资、丰富的视频产品以及我们在社交分发和热门趋势方面的实力，微博的用户群和参与度较上一季度继续增长。在货币化方面，我们很高兴看到广泛的同比增长跨行业的增长以及某些差异化广告产品的强劲势头，证明了我们在满足广告商日益增长的品牌和绩效需求方面的竞争力。”王总结道。</blockquote><ul><li>Weibo Q1 Non-GAAP EPS of $0.57beats by $0.09; GAAP EPS of $0.22misses by $0.20.</li><li>Revenue of $458.9M (+41.9% Y/Y)beats by $25.06M.</li><li>Adjusted EBITDA of $256.73M vs. consensus of $$116.5M.</li><li>Advertising and marketing revenue of $390.0M (+42% Y/Y)&nbsp;&nbsp;vs. estimate $369.1M; VAS revenue of $68.9M (+44% Y/Y)&nbsp;&nbsp;vs.&nbsp;estimate $59.7M.</li><li>For thesecond quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis, reflecting Weibo's current and preliminary view, which is subject to change.</li></ul>Weibo&nbsp;rose&nbsp;more&nbsp;than&nbsp;3%&nbsp;in&nbsp;premarketing&nbsp;trading.<img src=\"https://static.tigerbbs.com/47b8e16c16e9a384ac2d300f7e9c1391\" tg-width=\"789\" tg-height=\"523\" referrerpolicy=\"no-referrer\"><blockquote><ul><li>微博第一季度非GAAP每股收益0.57美元超过预期0.09美元；GAAP每股收益为0.22美元，低于预期为0.20美元。</li><li>收入为4.589亿美元（同比增长41.9%）超过预期为2506万美元。</li><li>调整后EBITDA为2.5673亿美元，而市场普遍预期为1.165亿美元。</li><li>广告和营销收入为3.9亿美元（同比增长42%）。估计3.691亿美元；增值服务收入为6890万美元（同比增长44%），而预期为5970万美元。</li><li>对于2021年第二季度，微博预计其净收入按固定汇率计算将同比增长25%至30%，反映了微博当前的初步观点，该观点可能会发生变化。</li></ul>微博在盘前交易中涨超3%。</blockquote>First Quarter 2021 Highlights<blockquote>2021年第一季度亮点</blockquote><ul><li>Net revenues were $458.9 million, an increase of 42% year-over-year or an increase of 31% year-over-year on a constant currency basis[1].</li><li>Advertising and marketing revenues were $390.0 million, an increase of 42% year-over-year.</li><li>Value-added service (\"VAS\") revenues were $68.9 million, an increase of 44% year-over-year.</li><li>Income from operations was $108.6 million, representing an operating margin of 24%.</li><li>Non-GAAP income from operations was $137.5 million, representing a non-GAAP operating margin of 30%.</li><li>Net income attributable to Weibo was $49.8 million and diluted net income per share was $0.22.</li><li>Non-GAAP net income attributable to Weibo was $130.7 million and non-GAAP diluted net income per share was $0.57.</li><li>Monthly active users (\"MAUs\") were 530 million in March 2021, a decrease of 4% year-over-year and an increase of 2% quarter-over-quarter. Mobile MAUs represented 94% of MAUs.</li><li>Average daily active users (\"DAUs\") were 230 million in March 2021, a decrease of 5% year-over-year and an increase of 2% quarter-over-quarter.</li></ul>First Quarter 2021 Financial Results<blockquote><ul><li>净收入为4.589亿美元，同比增长42%，按固定汇率计算同比增长31%[1]。</li><li>广告和营销收入为3.9亿美元，同比增长42%。</li><li>增值服务（“VAS”）收入为6890万美元，同比增长44%。</li><li>营业收入为1.086亿美元，营业利润率为24%。</li><li>非GAAP运营收入为1.375亿美元，非GAAP运营利润率为30%。</li><li>归属于微博的净利润为4980万美元，摊薄后每股净利润为0.22美元。</li><li>归属于微博的非GAAP净利润为1.307亿美元，非GAAP摊薄后每股净利润为0.57美元。</li><li>2021年3月月活跃用户（“MAU”）为5.3亿，同比下降4%，环比增长2%。移动用户占月活跃用户的94%。</li><li>2021年3月平均日活跃用户（“DAU”）为2.3亿，同比下降5%，环比增长2%。</li></ul>2021年第一季度财务业绩</blockquote>For the first quarter of 2021, Weibo's total net revenues were $458.9 million, an increase of 42% compared to $323.4 million for the same period last year.<blockquote>2021年第一季度，微博总净收入为4.589亿美元，较去年同期的3.234亿美元增长42%。</blockquote>Advertising and marketing revenues for the first quarter of 2021 were $390.0 million, an increase of 42% compared to $275.4 million for the same period last year. Advertising and marketing revenues excluding ad revenues from Alibaba were $356.7 million, an increase of 44% compared to $247.9 million for the same period last year, primarily attributable to broad-based robust growth of ad spend across industries from the trough for the same period last year.<blockquote>2021年第一季度广告和营销收入为3.9亿美元，与去年同期的2.754亿美元相比增长42%。不包括阿里巴巴-SW广告收入的广告和营销收入为3.567亿美元，与去年同期的2.479亿美元相比增长44%，主要归因于各行业广告支出较去年同期的低谷出现了广泛的强劲增长。</blockquote>VAS revenues for the first quarter of 2021 were $68.9 million, an increase of 44% year-over-year compared to $48.0 million for the same period last year, mainly attributable to revenues derived from the interactive entertainment company acquired in November 2020.<blockquote>2021年第一季度增值服务收入为6890万美元，与去年同期的4800万美元相比，同比增长44%，主要归因于2020年11月收购的互动娱乐公司的收入。</blockquote>Costs and expenses for the first quarter of 2021 totaled $350.3 million, an increase of 32% compared to $265.4 million for the same period last year. The increase was primarily due to increased marketing expense and higher personal related cost.<blockquote>2021年第一季度的成本和费用总计3.503亿美元，与去年同期的2.654亿美元相比增长了32%。这一增长主要是由于营销费用增加和个人相关成本增加。</blockquote>Income from operations for the first quarter of 2021 was $108.6 million, compared to $58.0 million for the same period last year. Operating margin was 24%, compared to 18% last year. Non-GAAP income from operations was $137.5 million, compared to $74.1 million for the same period last year. Non-GAAP operating margin was 30%, compared to 23% last year.<blockquote>2021年第一季度的运营收入为1.086亿美元，而去年同期为5800万美元。营业利润率为24%，而去年为18%。非GAAP运营收入为1.375亿美元，去年同期为7410万美元。非GAAP营业利润率为30%，而去年为23%。</blockquote>Non-operating loss for the first quarter of 2021 was $44.7million, compared to an income of $10.0 million for the same period last year. Non-operating loss for the first quarter of 2021 mainly included (i) a $58.2 million net loss on sale of and fair value change of investments, which is excluded under non-GAAP measures; and (ii) a $13.5 million net interest and other income.<blockquote>2021年第一季度的非运营亏损为4470万美元，而去年同期的收入为1000万美元。2021年第一季度的非经营亏损主要包括(i)投资出售和公允价值变动净亏损5820万美元，不包括在非公认会计准则措施下；(ii)1,350万美元的净利息和其他收入。</blockquote>Income tax expense were $14.9 million, compared to $15.9 million for the same period last year.<blockquote>所得税费用为1490万美元，去年同期为1590万美元。</blockquote>Net income attributable to Weibo for the first quarter of 2021 was $49.8 million, compared to $52.1 million for the same period last year. Diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.22, at similar level for the same period last year. Non-GAAP net income attributable to Weibo for the first quarter of 2021 was $130.7 million, compared to $67.4 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.57, compared to $0.30 for the same period last year.<blockquote>2021年第一季度归属于微博的净利润为4980万美元，去年同期为5210万美元。2021年第一季度归属于微博的摊薄后每股净利润为0.22美元，与去年同期持平。2021年第一季度归属于微博的非美国通用会计准则净利润为1.307亿美元，上年同期为6740万美元。2021年第一季度非美国通用会计准则下归属于微博的每股摊薄净利润为0.57美元，上年同期为0.30美元。</blockquote>As of March 31, 2021, Weibo's cash, cash equivalents and short-term investments totaled $3.41 billion. For the first quarter of 2021, cash provided by operating activities was $244.3 million, capital expenditures totaled $6.0 million, and depreciation and amortization expenses amounted to $12.4 million.<blockquote>截至2021年3月31日，微博的现金、现金等价物和短期投资总计34.1亿美元。2021年第一季度，经营活动提供的现金为2.443亿美元，资本支出总额为600万美元，折旧和摊销费用为1240万美元。</blockquote>Appointment of Independent Director<blockquote>委任独立董事</blockquote>The Company announced that its board of directors has appointed Mr.Yan Wangas an independent director of the Company.Mr. Wangserved as a director of SINA Corporation, the parent of the Company from May 2003 to March 2021 and also held various executive roles in SINA since its inception. The appointment is effective immediately.<blockquote>公司公告，董事会已任命Yan Wangas先生为公司独立董事。王先生于2003年5月至2021年3月担任本公司母公司新浪公司的董事，并自新浪成立以来担任过各种管理职务。该任命立即生效。</blockquote>Business Outlook<blockquote>业务展望</blockquote>For the second quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis. This forecast reflects Weibo's current and preliminary view, which is subject to change.<blockquote>微博预计2021年第二季度净收入按固定汇率计算将同比增长25%至30%。这一预测反映了微博目前和初步的观点，可能会发生变化。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Weibo EPS beats by $0.09, beats on revenue; provides outlook<blockquote>微博EPS超过预期0.09美元，营收超过预期；提供outlook</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeibo EPS beats by $0.09, beats on revenue; provides outlook<blockquote>微博EPS超过预期0.09美元，营收超过预期；提供outlook</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-05-10 17:55\n</div>\n</a>\n</h4>\n</header>\n<article>\nWeibo Corporation (WB) (\"Weibo\" or the \"Company\") (NASDAQ: WB), a leading social media inChina, today announced its unaudited financial results for first quarter ended March 31, 2021.<blockquote>中国领先的社交媒体微博公司（WB）（“微博”或“公司”）（纳斯达克：WB）今天公布了截至2021年3月31日的第一季度未经审计的财务业绩。</blockquote>\"We started the year of 2021 with a strong quarter,\" saidGaofei Wang, CEO of Weibo. \"Weibo's user base and engagement continued to grow from prior quarter, leveraging our effective channel investments, enriched video offerings and our strength in social distribution and hot trends. On the monetization front, we are glad to see broad-based year-over-year growth across industries and robust momentum with certain differentiated ad products, demonstrating our competitiveness in fulfilling advertiser's increasing brand plus performance needs.\"Mr. Wangconcluded.<blockquote>微博首席执行官王高飞表示：“我们以强劲的季度开局2021年。”“得益于我们有效的渠道投资、丰富的视频产品以及我们在社交分发和热门趋势方面的实力，微博的用户群和参与度较上一季度继续增长。在货币化方面，我们很高兴看到广泛的同比增长跨行业的增长以及某些差异化广告产品的强劲势头，证明了我们在满足广告商日益增长的品牌和绩效需求方面的竞争力。”王总结道。</blockquote><ul><li>Weibo Q1 Non-GAAP EPS of $0.57beats by $0.09; GAAP EPS of $0.22misses by $0.20.</li><li>Revenue of $458.9M (+41.9% Y/Y)beats by $25.06M.</li><li>Adjusted EBITDA of $256.73M vs. consensus of $$116.5M.</li><li>Advertising and marketing revenue of $390.0M (+42% Y/Y)&nbsp;&nbsp;vs. estimate $369.1M; VAS revenue of $68.9M (+44% Y/Y)&nbsp;&nbsp;vs.&nbsp;estimate $59.7M.</li><li>For thesecond quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis, reflecting Weibo's current and preliminary view, which is subject to change.</li></ul>Weibo&nbsp;rose&nbsp;more&nbsp;than&nbsp;3%&nbsp;in&nbsp;premarketing&nbsp;trading.<img src=\"https://static.tigerbbs.com/47b8e16c16e9a384ac2d300f7e9c1391\" tg-width=\"789\" tg-height=\"523\" referrerpolicy=\"no-referrer\"><blockquote><ul><li>微博第一季度非GAAP每股收益0.57美元超过预期0.09美元；GAAP每股收益为0.22美元，低于预期为0.20美元。</li><li>收入为4.589亿美元（同比增长41.9%）超过预期为2506万美元。</li><li>调整后EBITDA为2.5673亿美元，而市场普遍预期为1.165亿美元。</li><li>广告和营销收入为3.9亿美元（同比增长42%）。估计3.691亿美元；增值服务收入为6890万美元（同比增长44%），而预期为5970万美元。</li><li>对于2021年第二季度，微博预计其净收入按固定汇率计算将同比增长25%至30%，反映了微博当前的初步观点，该观点可能会发生变化。</li></ul>微博在盘前交易中涨超3%。</blockquote>First Quarter 2021 Highlights<blockquote>2021年第一季度亮点</blockquote><ul><li>Net revenues were $458.9 million, an increase of 42% year-over-year or an increase of 31% year-over-year on a constant currency basis[1].</li><li>Advertising and marketing revenues were $390.0 million, an increase of 42% year-over-year.</li><li>Value-added service (\"VAS\") revenues were $68.9 million, an increase of 44% year-over-year.</li><li>Income from operations was $108.6 million, representing an operating margin of 24%.</li><li>Non-GAAP income from operations was $137.5 million, representing a non-GAAP operating margin of 30%.</li><li>Net income attributable to Weibo was $49.8 million and diluted net income per share was $0.22.</li><li>Non-GAAP net income attributable to Weibo was $130.7 million and non-GAAP diluted net income per share was $0.57.</li><li>Monthly active users (\"MAUs\") were 530 million in March 2021, a decrease of 4% year-over-year and an increase of 2% quarter-over-quarter. Mobile MAUs represented 94% of MAUs.</li><li>Average daily active users (\"DAUs\") were 230 million in March 2021, a decrease of 5% year-over-year and an increase of 2% quarter-over-quarter.</li></ul>First Quarter 2021 Financial Results<blockquote><ul><li>净收入为4.589亿美元，同比增长42%，按固定汇率计算同比增长31%[1]。</li><li>广告和营销收入为3.9亿美元，同比增长42%。</li><li>增值服务（“VAS”）收入为6890万美元，同比增长44%。</li><li>营业收入为1.086亿美元，营业利润率为24%。</li><li>非GAAP运营收入为1.375亿美元，非GAAP运营利润率为30%。</li><li>归属于微博的净利润为4980万美元，摊薄后每股净利润为0.22美元。</li><li>归属于微博的非GAAP净利润为1.307亿美元，非GAAP摊薄后每股净利润为0.57美元。</li><li>2021年3月月活跃用户（“MAU”）为5.3亿，同比下降4%，环比增长2%。移动用户占月活跃用户的94%。</li><li>2021年3月平均日活跃用户（“DAU”）为2.3亿，同比下降5%，环比增长2%。</li></ul>2021年第一季度财务业绩</blockquote>For the first quarter of 2021, Weibo's total net revenues were $458.9 million, an increase of 42% compared to $323.4 million for the same period last year.<blockquote>2021年第一季度，微博总净收入为4.589亿美元，较去年同期的3.234亿美元增长42%。</blockquote>Advertising and marketing revenues for the first quarter of 2021 were $390.0 million, an increase of 42% compared to $275.4 million for the same period last year. Advertising and marketing revenues excluding ad revenues from Alibaba were $356.7 million, an increase of 44% compared to $247.9 million for the same period last year, primarily attributable to broad-based robust growth of ad spend across industries from the trough for the same period last year.<blockquote>2021年第一季度广告和营销收入为3.9亿美元，与去年同期的2.754亿美元相比增长42%。不包括阿里巴巴-SW广告收入的广告和营销收入为3.567亿美元，与去年同期的2.479亿美元相比增长44%，主要归因于各行业广告支出较去年同期的低谷出现了广泛的强劲增长。</blockquote>VAS revenues for the first quarter of 2021 were $68.9 million, an increase of 44% year-over-year compared to $48.0 million for the same period last year, mainly attributable to revenues derived from the interactive entertainment company acquired in November 2020.<blockquote>2021年第一季度增值服务收入为6890万美元，与去年同期的4800万美元相比，同比增长44%，主要归因于2020年11月收购的互动娱乐公司的收入。</blockquote>Costs and expenses for the first quarter of 2021 totaled $350.3 million, an increase of 32% compared to $265.4 million for the same period last year. The increase was primarily due to increased marketing expense and higher personal related cost.<blockquote>2021年第一季度的成本和费用总计3.503亿美元，与去年同期的2.654亿美元相比增长了32%。这一增长主要是由于营销费用增加和个人相关成本增加。</blockquote>Income from operations for the first quarter of 2021 was $108.6 million, compared to $58.0 million for the same period last year. Operating margin was 24%, compared to 18% last year. Non-GAAP income from operations was $137.5 million, compared to $74.1 million for the same period last year. Non-GAAP operating margin was 30%, compared to 23% last year.<blockquote>2021年第一季度的运营收入为1.086亿美元，而去年同期为5800万美元。营业利润率为24%，而去年为18%。非GAAP运营收入为1.375亿美元，去年同期为7410万美元。非GAAP营业利润率为30%，而去年为23%。</blockquote>Non-operating loss for the first quarter of 2021 was $44.7million, compared to an income of $10.0 million for the same period last year. Non-operating loss for the first quarter of 2021 mainly included (i) a $58.2 million net loss on sale of and fair value change of investments, which is excluded under non-GAAP measures; and (ii) a $13.5 million net interest and other income.<blockquote>2021年第一季度的非运营亏损为4470万美元，而去年同期的收入为1000万美元。2021年第一季度的非经营亏损主要包括(i)投资出售和公允价值变动净亏损5820万美元，不包括在非公认会计准则措施下；(ii)1,350万美元的净利息和其他收入。</blockquote>Income tax expense were $14.9 million, compared to $15.9 million for the same period last year.<blockquote>所得税费用为1490万美元，去年同期为1590万美元。</blockquote>Net income attributable to Weibo for the first quarter of 2021 was $49.8 million, compared to $52.1 million for the same period last year. Diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.22, at similar level for the same period last year. Non-GAAP net income attributable to Weibo for the first quarter of 2021 was $130.7 million, compared to $67.4 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.57, compared to $0.30 for the same period last year.<blockquote>2021年第一季度归属于微博的净利润为4980万美元，去年同期为5210万美元。2021年第一季度归属于微博的摊薄后每股净利润为0.22美元，与去年同期持平。2021年第一季度归属于微博的非美国通用会计准则净利润为1.307亿美元，上年同期为6740万美元。2021年第一季度非美国通用会计准则下归属于微博的每股摊薄净利润为0.57美元，上年同期为0.30美元。</blockquote>As of March 31, 2021, Weibo's cash, cash equivalents and short-term investments totaled $3.41 billion. For the first quarter of 2021, cash provided by operating activities was $244.3 million, capital expenditures totaled $6.0 million, and depreciation and amortization expenses amounted to $12.4 million.<blockquote>截至2021年3月31日，微博的现金、现金等价物和短期投资总计34.1亿美元。2021年第一季度，经营活动提供的现金为2.443亿美元，资本支出总额为600万美元，折旧和摊销费用为1240万美元。</blockquote>Appointment of Independent Director<blockquote>委任独立董事</blockquote>The Company announced that its board of directors has appointed Mr.Yan Wangas an independent director of the Company.Mr. Wangserved as a director of SINA Corporation, the parent of the Company from May 2003 to March 2021 and also held various executive roles in SINA since its inception. The appointment is effective immediately.<blockquote>公司公告，董事会已任命Yan Wangas先生为公司独立董事。王先生于2003年5月至2021年3月担任本公司母公司新浪公司的董事，并自新浪成立以来担任过各种管理职务。该任命立即生效。</blockquote>Business Outlook<blockquote>业务展望</blockquote>For the second quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis. This forecast reflects Weibo's current and preliminary view, which is subject to change.<blockquote>微博预计2021年第二季度净收入按固定汇率计算将同比增长25%至30%。这一预测反映了微博目前和初步的观点，可能会发生变化。</blockquote>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WB":"微博"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112709254","content_text":"Weibo Corporation (WB) (\"Weibo\" or the \"Company\") (NASDAQ: WB), a leading social media inChina, today announced its unaudited financial results for first quarter ended March 31, 2021.\"We started the year of 2021 with a strong quarter,\" saidGaofei Wang, CEO of Weibo. \"Weibo's user base and engagement continued to grow from prior quarter, leveraging our effective channel investments, enriched video offerings and our strength in social distribution and hot trends. On the monetization front, we are glad to see broad-based year-over-year growth across industries and robust momentum with certain differentiated ad products, demonstrating our competitiveness in fulfilling advertiser's increasing brand plus performance needs.\"Mr. Wangconcluded.Weibo Q1 Non-GAAP EPS of $0.57beats by $0.09; GAAP EPS of $0.22misses by $0.20.Revenue of $458.9M (+41.9% Y/Y)beats by $25.06M.Adjusted EBITDA of $256.73M vs. consensus of $$116.5M.Advertising and marketing revenue of $390.0M (+42% Y/Y)  vs. estimate $369.1M; VAS revenue of $68.9M (+44% Y/Y)  vs. estimate $59.7M.For thesecond quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis, reflecting Weibo's current and preliminary view, which is subject to change.Weibo rose more than 3% in premarketing trading.First Quarter 2021 HighlightsNet revenues were $458.9 million, an increase of 42% year-over-year or an increase of 31% year-over-year on a constant currency basis[1].Advertising and marketing revenues were $390.0 million, an increase of 42% year-over-year.Value-added service (\"VAS\") revenues were $68.9 million, an increase of 44% year-over-year.Income from operations was $108.6 million, representing an operating margin of 24%.Non-GAAP income from operations was $137.5 million, representing a non-GAAP operating margin of 30%.Net income attributable to Weibo was $49.8 million and diluted net income per share was $0.22.Non-GAAP net income attributable to Weibo was $130.7 million and non-GAAP diluted net income per share was $0.57.Monthly active users (\"MAUs\") were 530 million in March 2021, a decrease of 4% year-over-year and an increase of 2% quarter-over-quarter. Mobile MAUs represented 94% of MAUs.Average daily active users (\"DAUs\") were 230 million in March 2021, a decrease of 5% year-over-year and an increase of 2% quarter-over-quarter.First Quarter 2021 Financial ResultsFor the first quarter of 2021, Weibo's total net revenues were $458.9 million, an increase of 42% compared to $323.4 million for the same period last year.Advertising and marketing revenues for the first quarter of 2021 were $390.0 million, an increase of 42% compared to $275.4 million for the same period last year. Advertising and marketing revenues excluding ad revenues from Alibaba were $356.7 million, an increase of 44% compared to $247.9 million for the same period last year, primarily attributable to broad-based robust growth of ad spend across industries from the trough for the same period last year.VAS revenues for the first quarter of 2021 were $68.9 million, an increase of 44% year-over-year compared to $48.0 million for the same period last year, mainly attributable to revenues derived from the interactive entertainment company acquired in November 2020.Costs and expenses for the first quarter of 2021 totaled $350.3 million, an increase of 32% compared to $265.4 million for the same period last year. The increase was primarily due to increased marketing expense and higher personal related cost.Income from operations for the first quarter of 2021 was $108.6 million, compared to $58.0 million for the same period last year. Operating margin was 24%, compared to 18% last year. Non-GAAP income from operations was $137.5 million, compared to $74.1 million for the same period last year. Non-GAAP operating margin was 30%, compared to 23% last year.Non-operating loss for the first quarter of 2021 was $44.7million, compared to an income of $10.0 million for the same period last year. Non-operating loss for the first quarter of 2021 mainly included (i) a $58.2 million net loss on sale of and fair value change of investments, which is excluded under non-GAAP measures; and (ii) a $13.5 million net interest and other income.Income tax expense were $14.9 million, compared to $15.9 million for the same period last year.Net income attributable to Weibo for the first quarter of 2021 was $49.8 million, compared to $52.1 million for the same period last year. Diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.22, at similar level for the same period last year. Non-GAAP net income attributable to Weibo for the first quarter of 2021 was $130.7 million, compared to $67.4 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo for the first quarter of 2021 was $0.57, compared to $0.30 for the same period last year.As of March 31, 2021, Weibo's cash, cash equivalents and short-term investments totaled $3.41 billion. For the first quarter of 2021, cash provided by operating activities was $244.3 million, capital expenditures totaled $6.0 million, and depreciation and amortization expenses amounted to $12.4 million.Appointment of Independent DirectorThe Company announced that its board of directors has appointed Mr.Yan Wangas an independent director of the Company.Mr. Wangserved as a director of SINA Corporation, the parent of the Company from May 2003 to March 2021 and also held various executive roles in SINA since its inception. The appointment is effective immediately.Business OutlookFor the second quarter of 2021, Weibo estimates its net revenues to increase by 25% to 30% year-over-year on a constant currency basis. This forecast reflects Weibo's current and preliminary view, which is subject to change.","news_type":1,"symbols_score_info":{"WB":0.9}},"isVote":1,"tweetType":1,"viewCount":1361,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}