NASDAQ : WB
Weibo Corporation — Financial statements
Communication Services · Internet Content & Information · China
Last price 6.21 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.53B
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Financial statements
Weibo Corporation (WB) reported revenue of 1.79B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.79B | 1.76B | 1.75B | 1.76B | 1.84B | 2.26B |
| Cost of Revenue | 477.13M | 421.84M | 369.52M | 374.28M | 400.58M | 403.84M |
| Gross Profit | 1.31B | 1.34B | 1.39B | 1.39B | 1.44B | 1.85B |
| Selling, General & Admin | 555.80M | 546.33M | 582.09M | 579.00M | 529.91M | 725.16M |
| Research & Development | 319.06M | 324.22M | 308.75M | 333.63M | 415.19M | 430.67M |
| Operating Expenses | 874.86M | 870.55M | 890.83M | 912.62M | 945.10M | 1.16B |
| Operating Income | 438.73M | 464.82M | 494.32M | 472.93M | 490.64M | 697.41M |
| Interest Expense | -82.44M | -82.44M | -105.40M | -120.07M | -71.60M | -71.01M |
| Interest & Investment Income | 95.74M | 116.83M | 123.34M | 118.21M | 105.43M | 77.28M |
| Earnings From Equity Investments | 76.67M | 76.67M | -12.17M | 13.39M | -24.07M | 14.22M |
| Currency Exchange Gain (Loss) | -4.20M | -4.20M | -8.30M | -9.10M | -67.00M | |
| Other Non Operating Income (Expenses) | -20.45M | 18.13M | 3.42M | 8.82M | 17.96M | 9.16M |
| EBT Excluding Unusual Items | 504.04M | 589.80M | 495.21M | 484.19M | 451.37M | 727.06M |
| Gain (Loss) on Sale of Investments | -47.24M | 15.79M | -74.56M | 18.59M | -313.11M | -176.34M |
| Asset Writedown | -10.18M | |||||
| Pretax Income | 456.80M | 605.60M | 420.65M | 502.78M | 128.09M | 550.72M |
| Income Tax Expense | 127.16M | 144.52M | 110.55M | 145.29M | 30.28M | 138.84M |
| Earnings From Continuing Operations | 329.65M | 461.07M | 310.11M | 357.50M | 97.81M | 411.88M |
| Minority Interest in Earnings | -11.18M | -12.05M | -9.30M | -14.90M | -12.25M | 16.44M |
| Net Income | 318.46M | 449.02M | 300.80M | 342.60M | 85.56M | 428.32M |
| Net Income to Common | 318.46M | 449.02M | 300.80M | 342.60M | 85.56M | 428.32M |
| Shares Outstanding (Basic) | 239.26M | 238.79M | 237.32M | 235.56M | 235.16M | 228.81M |
| Shares Outstanding (Diluted) | 270.27M | 268.56M | 265.24M | 239.97M | 236.41M | 230.21M |
| EPS (Basic) | 1.33 | 1.88 | 1.27 | 1.45 | 0.36 | 1.87 |
| EPS (Diluted) | 1.21 | 1.70 | 1.16 | 1.43 | 0.36 | 1.86 |
| Free Cash Flow | 477.11M | 578.43M | 636.05M | 367.40M | 646.39M | |
| Free Cash Flow Per Share | 1.78 | 2.18 | 2.65 | 1.55 | 2.81 | |
| Dividend Per Share | 0.61 | 0.82 | ||||
| Gross Margin | 73.36% | 75.99% | 78.94% | 78.73% | 78.19% | 82.11% |
| Operating Margin | 24.50% | 26.45% | 28.17% | 26.87% | 26.72% | 30.90% |
| Profit Margin | 17.78% | 25.55% | 17.14% | 19.47% | 4.66% | 18.98% |
| Free Cash Flow Margin | 27.15% | 32.97% | 36.14% | 20.01% | 28.64% | |
| EBITDA | 498.29M | 523.91M | 552.46M | 531.44M | 545.34M | 752.42M |
| EBITDA Margin | 27.83% | 29.82% | 31.49% | 30.20% | 29.70% | 33.34% |
| D&A For EBITDA | 59.56M | 59.09M | 58.14M | 58.51M | 54.69M | 55.01M |
| EBIT | 438.73M | 464.82M | 494.32M | 472.93M | 490.64M | 697.41M |
| EBIT Margin | 24.50% | 26.45% | 28.17% | 26.87% | 26.72% | 30.90% |
| Effective Tax Rate | 27.84% | 23.86% | 26.28% | 28.90% | 23.64% | 25.21% |
| Revenue as Reported | 1.79B | 1.76B | 1.75B | 1.76B | 1.84B | 2.26B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.64B | 2.30B | 1.89B | 2.58B | 2.69B | 2.42B |
| Short-Term Investments | 997.44M | 106.14M | 459.85M | 641.03M | 480.43M | 711.06M |
| Cash & Short-Term Investments | 2.64B | 2.41B | 2.35B | 3.23B | 3.17B | 3.13B |
| Accounts Receivable | 337.56M | 400.21M | 339.75M | 440.77M | 502.44M | 723.09M |
| Other Receivables | 43.27M | 39.24M | 35.07M | 41.20M | 80.09M | 14.60M |
| Receivables | 777.83M | 1.08B | 1.01B | 1.16B | 1.25B | 1.57B |
| Prepaid Expenses | 338.48M | 23.11M | 26.63M | 27.74M | 28.46M | 17.48M |
| Other Current Assets | 68.04M | 105.66M | 95.10M | 102.98M | 76.54M | |
| Total Current Assets | 3.76B | 3.58B | 3.49B | 4.51B | 4.55B | 4.80B |
| Property, Plant & Equipment | 278.02M | 436.20M | 369.75M | 390.93M | 439.92M | 128.91M |
| Long-Term Investments | 1.60B | 2.32B | 1.91B | 1.65B | 1.37B | 1.62B |
| Goodwill | 169.28M | 162.22M | 166.44M | 120.15M | 130.41M | |
| Other Intangible Assets | 264.02M | 96.29M | 109.78M | 134.13M | 125.07M | 166.93M |
| Long-Term Deferred Tax Assets | 42.15M | 39.97M | 43.26M | 39.99M | 40.54M | |
| Other Long-Term Assets | 1.25B | 14.95M | 61.38M | 36.89M | 30.27M | 145.29M |
| Total Assets | 7.15B | 7.09B | 6.50B | 7.28B | 7.13B | 7.52B |
| Accounts Payable | 257.95M | 248.98M | 158.44M | 161.49M | 161.03M | 197.64M |
| Accrued Expenses | 629.96M | 537.36M | 555.16M | 562.16M | 584.95M | 701.78M |
| Current Portion of Long-Term Debt | 799.33M | 896.54M | ||||
| Current Portion of Leases | 14.04M | 12.16M | 10.39M | 9.69M | 7.92M | |
| Current Income Taxes Payable | 58.56M | 80.05M | 84.69M | 94.51M | 55.28M | 144.75M |
| Current Unearned Revenue | 100.16M | 79.27M | 73.74M | 75.19M | 94.44M | 91.14M |
| Other Current Liabilities | 96.13M | 83.95M | 94.29M | 314.54M | 119.26M | |
| Total Current Liabilities | 1.05B | 1.06B | 968.14M | 1.80B | 1.22B | 2.16B |
| Long-Term Debt | 1.87B | 1.86B | 1.86B | 1.85B | 2.42B | 1.54B |
| Long-Term Leases | 28.35M | 32.58M | 42.86M | 55.71M | 52.04M | |
| Long-Term Deferred Tax Liabilities | 119.30M | 61.05M | 66.15M | 41.69M | 66.90M | |
| Other Long-Term Liabilities | 166.22M | 16.59M | 3.07M | 3.42M | 15.12M | |
| Total Liabilities | 3.08B | 3.08B | 2.93B | 3.76B | 3.74B | 3.83B |
| Common Stock | 3.99B | 61.00K | 61.00K | 61.00K | 59.00K | 59.00K |
| Additional Paid-In Capital | 1.55B | 1.50B | 1.43B | 1.45B | 1.48B | |
| Retained Earnings | 2.55B | 2.29B | 2.19B | 2.05B | 1.96B | |
| Treasury Stock | -57.68M | |||||
| Comprehensive Income & Other | -178.36M | -315.80M | -217.82M | -102.74M | 156.93M | |
| Total Common Equity | 3.99B | 3.92B | 3.48B | 3.40B | 3.33B | 3.59B |
| Minority Interest | 74.27M | 86.83M | 96.11M | 118.88M | 60.29M | 94.20M |
| Shareholders' Equity | 4.07B | 4.01B | 3.58B | 3.52B | 3.39B | 3.69B |
| Total Liabilities & Equity | 7.15B | 7.09B | 6.50B | 7.28B | 7.13B | 7.52B |
| Total Debt | 1.87B | 1.91B | 1.91B | 2.71B | 2.49B | 2.49B |
| Net Cash (Debt) | 769.15M | 499.14M | 444.97M | 520.13M | 684.22M | 639.85M |
| Net Cash Per Share | 2.85 | 1.86 | 1.68 | 2.17 | 2.89 | 2.78 |
| Filing Date Shares Outstanding | 239.46M | 245.67M | 244.83M | 243.31M | 235.27M | 236.56M |
| Total Common Shares Outstanding | 239.46M | 245.55M | 244.27M | 242.61M | 234.19M | 236.55M |
| Working Capital | 2.71B | 2.52B | 2.52B | 2.72B | 3.33B | 2.64B |
| Book Value Per Share | 16.67 | 15.97 | 14.26 | 14.01 | 14.22 | 15.19 |
| Tangible Book Value | 3.73B | 3.66B | 3.21B | 3.10B | 3.09B | 3.30B |
| Tangible Book Value Per Share | 15.56 | 14.89 | 13.14 | 12.77 | 13.17 | 13.94 |
| Buildings | 193.55M | 185.48M | 190.29M | 196.22M | ||
| Machinery | 257.44M | 229.30M | 221.59M | 236.74M | 191.03M | |
| Leasehold Improvements | 66.73M | 12.90M | 13.18M | 13.06M | 7.33M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 449.02M | 300.80M | 342.60M | 85.56M | 428.32M | |
| Depreciation & Amortization | 73.22M | 71.68M | 72.30M | 66.16M | 61.23M | |
| Other Amortization | 7.77M | 8.48M | 8.29M | 6.27M | 6.45M | |
| Loss (Gain) From Sale of Assets | -450.00K | -461.00K | -444.00K | -240.00K | -172.00K | |
| Asset Writedown & Restructuring Costs | 10.18M | |||||
| Loss (Gain) From Sale of Investments | -15.79M | 74.56M | -18.59M | 313.11M | 176.34M | |
| Loss (Gain) on Equity Investments | -76.67M | 12.17M | -13.39M | 24.07M | -14.22M | |
| Stock-Based Compensation | 44.84M | 74.36M | 112.67M | 91.08M | 111.24M | |
| Provision & Write-off of Bad Debts | -32.13M | 12.34M | 19.09M | 4.44M | 19.70M | |
| Other Operating Activities | 72.21M | 37.03M | 48.85M | 60.18M | -17.23M | |
| Change in Accounts Receivable | -14.37M | 84.47M | 29.10M | 166.50M | -230.60M | |
| Change in Accounts Payable | 69.95M | 397.00K | 19.66M | -35.48M | 41.81M | |
| Change in Unearned Revenue | 2.42M | -613.00K | -1.91M | -3.92M | -56.18M | |
| Change in Income Taxes | -7.98M | -27.13M | 40.66M | -79.62M | 38.91M | |
| Change in Other Net Operating Assets | -52.56M | -8.19M | 13.93M | -144.16M | 248.41M | |
| Operating Cash Flow | 519.48M | 639.90M | 672.82M | 564.10M | 814.02M | |
| Capital Expenditures | -42.37M | -61.47M | -36.77M | -196.71M | -167.62M | |
| Sale of Property, Plant & Equipment | 451.00K | 588.00K | 463.00K | 269.00K | 383.00K | |
| Cash Acquisitions | -5.25M | -243.38M | 939.00K | -61.16M | ||
| Investment in Securities | 88.06M | -185.08M | -424.82M | 177.21M | -275.97M | |
| Other Investing Activities | 20.48M | 4.31M | -32.33M | -14.72M | 80.41M | |
| Investing Cash Flow | 66.62M | -246.90M | -736.85M | -33.01M | -423.96M | |
| Long-Term Debt Issued | 326.69M | 880.35M | ||||
| Total Debt Issued | 326.69M | 880.35M | ||||
| Long-Term Debt Repaid | -5.00M | -801.75M | -100.00M | -899.99M | ||
| Total Debt Repaid | -5.00M | -801.75M | -100.00M | -899.99M | ||
| Net Debt Issued (Repaid) | -5.00M | -801.75M | 226.69M | -19.64M | ||
| Issuance of Common Stock | 844.00K | 444.00K | 1.00K | 189.44M | ||
| Repurchase of Common Stock | -57.68M | |||||
| Common Dividends Paid | -195.64M | -194.40M | -200.13M | |||
| Other Financing Activities | -27.49M | -33.73M | -4.87M | -13.82M | ||
| Financing Cash Flow | -227.29M | -1.03B | 21.69M | -91.14M | 189.44M | |
| Foreign Exchange Rate Adjustments | 49.51M | -57.56M | -63.80M | -172.88M | 29.36M | |
| Net Cash Flow | 408.31M | -694.00M | -106.13M | 267.06M | 608.86M | |
| Free Cash Flow | 477.11M | 578.43M | 636.05M | 367.40M | 646.39M | |
| Free Cash Flow Margin | 27.15% | 32.97% | 36.14% | 20.01% | 28.64% | |
| Free Cash Flow Per Share | 1.78 | 2.18 | 2.65 | 1.55 | 2.81 | |
| Levered Free Cash Flow | 375.09M | 445.58M | 236.89M | 491.97M | 350.97M | |
| Unlevered Free Cash Flow | 418.84M | 502.96M | 303.65M | 530.45M | 388.91M | |
| Cash Interest Paid | 75.31M | 111.64M | 111.23M | 64.56M | 37.91M | |
| Cash Income Tax Paid | 94.42M | 119.70M | 79.48M | 135.06M | 111.26M | |
| Change in Working Capital | -2.55M | 48.94M | 101.45M | -96.69M | 42.35M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.57B | 2.50B | 2.32B | 2.66B | 4.65B | 7.27B |
| Enterprise Value | 799.47M | 2.40B | 2.08B | 2.44B | 4.22B | 7.11B |
| Last Close Price | 6.21 | 9.57 | 8.03 | 8.38 | 13.78 | 22.33 |
| PE Ratio | 5.28 | 5.57 | 7.72 | 7.75 | 54.37 | 16.97 |
| Forward PE | 5.60 | 6.67 | 5.29 | 5.29 | 8.50 | 9.77 |
| PS Ratio | 0.85 | 1.42 | 1.32 | 1.51 | 2.53 | 3.22 |
| PB Ratio | 0.37 | 0.62 | 0.65 | 0.76 | 1.37 | 1.97 |
| P/TBV Ratio | 0.41 | 0.69 | 0.72 | 0.86 | 1.51 | 2.21 |
| P/FCF Ratio | 3.20 | 5.24 | 4.02 | 4.18 | 12.66 | 11.24 |
| P/OCF Ratio | 4.82 | 3.63 | 3.95 | 8.25 | 8.93 | |
| PEG Ratio | 8.29 | 13.35 | 3.12 | 1.73 | 0.94 | |
| EV/Sales Ratio | 0.42 | 1.37 | 1.19 | 1.39 | 2.30 | 3.15 |
| EV/EBITDA Ratio | 1.52 | 4.58 | 3.76 | 4.60 | 7.74 | 9.45 |
| EV/EBIT Ratio | 1.72 | 5.17 | 4.21 | 5.17 | 8.60 | 10.19 |
| EV/FCF Ratio | 1.59 | 5.03 | 3.60 | 3.84 | 11.49 | 11.00 |
| Debt / Equity Ratio | 0.46 | 0.48 | 0.53 | 0.77 | 0.73 | 0.68 |
| Debt / EBITDA Ratio | 3.61 | 3.51 | 3.34 | 4.91 | 4.38 | 3.24 |
| Debt / FCF Ratio | 4.00 | 3.29 | 4.25 | 6.77 | 3.86 | |
| Net Debt / Equity Ratio | -0.19 | -0.12 | -0.12 | -0.15 | -0.20 | -0.17 |
| Net Debt / EBITDA Ratio | -1.54 | -0.95 | -0.81 | -0.98 | -1.25 | -0.85 |
| Net Debt / FCF Ratio | -1.05 | -0.77 | -0.82 | -1.86 | -0.99 | |
| Asset Turnover | 0.26 | 0.26 | 0.26 | 0.24 | 0.25 | 0.33 |
| Quick Ratio | 2.88 | 2.69 | 2.81 | 2.06 | 3.08 | 1.79 |
| Current Ratio | 3.59 | 3.39 | 3.61 | 2.51 | 3.73 | 2.23 |
| Return on Equity (ROE) | 8.52% | 12.16% | 8.74% | 10.35% | 2.76% | 12.53% |
| Return on Assets (ROA) | 4.01% | 4.27% | 4.48% | 4.10% | 4.19% | 6.29% |
| Return on Invested Capital (ROIC) | 9.74% | 10.66% | 11.89% | 11.79% | 13.02% | 21.41% |
| Return on Capital Employed (ROCE) | 7.20% | 7.70% | 8.90% | 8.60% | 8.30% | 13.00% |
| Earnings Yield | 18.94% | 17.95% | 12.95% | 12.90% | 1.84% | 5.89% |
| FCF Yield | 31.27% | 19.07% | 24.89% | 23.94% | 7.90% | 8.89% |
| Dividend Yield | 9.82% | 5.99% | 8.62% | |||
| Payout Ratio | 50.45% | 43.57% | 64.63% | 58.42% | ||
| Buyback Yield / Dilution | -1.31% | -1.25% | -10.53% | -1.51% | -2.69% | -1.13% |
| Total Shareholder Return | 8.51% | 4.74% | -1.91% | -1.51% | -2.69% | -1.13% |