Weibo Corp ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Weibo Corp ADR reported revenue of $1.8B (+0.1% year on year) and net income of $461.1M (+48.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $1.8B | $1.8B | $1.8B | $1.8B |
| Cost of revenues | $421.8M | $369.5M | $374.3M | $400.6M |
| Sales and marketing | $490.4M | $480.8M | $461.4M | $477.1M |
| Product development | $324.2M | $308.7M | $333.6M | $415.2M |
| General and administrative | $55.9M | $101.3M | $117.6M | $52.8M |
| Total costs and expenses | $1.3B | $1.3B | $1.3B | $1.4B |
| Income from operations | $464.8M | $494.3M | $472.9M | $480.5M |
| Income (loss) from equity method investments | $76.7M | ($12.2M) | $13.4M | ($24.1M) |
| Realized gain (loss) from investments | $506.0K | $261.0K | ($766.0K) | $1.6M |
| Fair value changes through earnings on investments, net | $21.3M | $18.6M | $43.0M | ($243.6M) |
| Investment-related impairment and provision | ($6.0M) | ($93.4M) | ($23.6M) | ($71.1M) |
| Interest income | $116.8M | $123.3M | $118.2M | $105.4M |
| Interest expense | ($82.4M) | ($105.4M) | ($120.1M) | ($71.6M) |
| Other income (loss), net | $13.9M | ($4.9M) | ($277.0K) | ($49.0M) |
| Income before income tax expenses | $605.6M | $420.7M | $502.8M | $128.1M |
| Less: income tax expenses | $144.5M | $110.5M | $145.3M | $30.3M |
| Net income | $461.1M | $310.1M | $357.5M | $97.8M |
| Less: Net income attributable to non-controlling interests | $3.0M | $2.6M | $2.1M | $12.3M |
| Accretion to redeemable non-controlling interests | $9.1M | $6.7M | $12.8M | — |
| Net income attributable to Weibo's shareholders | $449.0M | $300.8M | $342.6M | $85.6M |
| Currency translation adjustments (for which there were no taxes) | $139.8M | ($99.3M) | ($114.7M) | ($261.7M) |
| Total comprehensive income | $600.9M | $210.8M | $242.8M | ($163.9M) |
| Less: comprehensive income attributable to non-controlling interests and redeemable non-controlling interests | $14.4M | $8.0M | $15.3M | $10.2M |
| Comprehensive income attributable to Weibo's shareholders | $586.5M | $202.8M | $227.5M | ($174.1M) |
| Basic (in shares) | 238.8M | 237.3K | 235.6K | 235.2M |
| Diluted (in shares) | 268.6M | 265.2K | 240.0K | 236.4M |
| Basic (in dollars per share) | $1.88 | $1.27 | $1.45 | $0.36 |
| Diluted (in dollars per share) | $1.70 | $1.16 | $1.43 | $0.36 |
| Line item | Sep 30, 2023 · YTD | Sep 30, 2021 · YTD | Jun 30, 2017 · YTD |
|---|---|---|---|
| Revenues | $1.3B | $1.6B | — |
| Cost of revenues | $274.1M | $275.3M | $96.8M |
| Sales and marketing | $321.7M | $439.2M | $106.5M |
| Product development | $266.4M | $316.8M | $84.7M |
| General and administrative | $80.0M | $94.6M | $20.7M |
| Total costs and expenses | $942.2M | $1.1B | $308.8M |
| Income from operations | $353.9M | $514.9M | $143.8M |
| Loss from equity method investments | ($5.7M) | $17.7M | $210.0K |
| Realized gain (loss) from investments | ($1.2M) | $1.3M | $14.0K |
| Fair value changes through earnings on investments, net | $17.6M | ($33.1M) | — |
| Investment related impairment and provision | ($23.4M) | — | — |
| Interest income | $88.7M | $56.9M | — |
| Interest expense | ($88.0M) | ($53.3M) | — |
| Other loss, net | ($478.0K) | $3.1M | — |
| Income (loss) before income tax expenses | $341.5M | $405.0M | $147.4M |
| Less: Income tax expenses | $72.7M | $93.3M | $27.7M |
| Net income (loss) | $268.8M | $311.8M | $119.8M |
| Less: Net income (loss) attributable to non-controlling interests | $1.3M | ($835.0K) | ($717.0K) |
| Accretion to redeemable non-controlling interests | $8.2M | — | — |
| Net income (loss) attributable to Weibo's shareholders | $259.4M | $312.6M | $120.5M |
| Currency translation adjustments (for which there were no taxes) | ($199.5M) | $34.9M | $11.7M |
| Total comprehensive income (loss) | $69.3M | $346.6M | $130.5M |
| Less: Comprehensive income (loss) attributable to non-controlling interests and redeemable non-controlling interests | $8.6M | ($487.0K) | ($642.0K) |
| Comprehensive income (loss) attributable to Weibo's shareholders | $60.7M | $347.1M | $131.2M |
| Basic (in shares) | 235.3M | 228.2M | 219.3M |
| Diluted (in shares) | 237.8M | 229.8M | 225.0M |
| Basic (in dollars per share) | $1.10 | $1.37 | $0.55 |
| Diluted (in dollars per share) | $1.09 | $1.36 | $0.54 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $2.3B | $1.9B | $2.6B | $2.7B |
| Short-term investments | $106.1M | $459.9M | $641.0M | $480.4M |
| Accounts receivable, net of allowances for doubtful accounts | $400.2M | $339.8M | $440.8M | — |
| Prepaid expenses and other current assets (including loans to and interest receivable from other related parties of US$88,500 and US$105,658 as of December 31, 2024 and 2025, respectively) | $330.4M | $348.8M | $359.9M | $391.5M |
| Total current assets | $3.6B | $3.5B | $4.5B | $4.6B |
| Property and equipment, net | $282.4M | $215.0M | $220.7M | $249.6M |
| Operating lease assets | $153.8M | $154.7M | $170.3M | $190.4M |
| Intangible assets, net | $96.3M | $109.8M | $134.1M | $125.1M |
| Goodwill | $169.3M | $162.2M | $166.4M | $120.2M |
| Long-term investments | $1.7B | $1.4B | $1.3B | $993.6M |
| Other non-current assets (including loans to and interest receivable from other related parties of US$358,485 and US$438,470 as of December 31, 2024 and 2025, respectively) | $1.1B | $981.8M | $755.8M | $898.4M |
| Total assets | $7.1B | $6.5B | $7.3B | $7.1B |
| Accounts payable | $249.0M | $158.4M | $161.5M | $161.0M |
| Accrued and other liabilities | $634.4M | $640.2M | $656.4M | $914.0M |
| Operating lease liabilities, short-term | $14.0M | $12.2M | $10.4M | $9.7M |
| Income taxes payable | $80.0M | $84.7M | $94.5M | $55.3M |
| Deferred revenues | $78.3M | $72.6M | $75.2M | $79.9M |
| Total current liabilities | $1.1B | $968.1M | $1.8B | $1.2B |
| Convertible senior notes | $323.9M | $320.8M | $317.6M | — |
| Unsecured senior notes | $745.6M | $744.7M | $799.3M | $1.5B |
| Long-term loans | $794.0M | $795.3M | $791.6M | $880.9M |
| Deferred tax liabilities | $119.3M | $61.1M | $66.2M | $41.7M |
| Operating lease liabilities, long-term | $28.3M | $32.6M | $42.9M | $55.7M |
| Other non-current liabilities | $16.6M | $3.1M | $3.4M | — |
| Total long-term liabilities | $2.0B | $2.0B | $2.0B | $2.5B |
| Total liabilities | $3.1B | $2.9B | $3.8B | $3.7B |
| Redeemable non-controlling interests | $32.8M | $45.1M | $68.7M | $45.8M |
| Ordinary shares | 61.0K | 61.0K | 61.0K | 59.0K |
| Additional paid-in capital | $1.6B | $1.5B | $1.4B | $1.4B |
| Accumulated other comprehensive loss | ($178.4M) | ($315.8M) | ($217.8M) | ($102.7M) |
| Retained earnings | $2.5B | $2.3B | $2.2B | $2.0B |
| Total Weibo shareholders' equity | $3.9B | $3.5B | $3.4B | $3.3B |
| Non-controlling interests | $54.0M | $51.0M | $50.2M | $14.5M |
| Total shareholders' equity | $4.0B | $3.5B | $3.4B | $3.3B |
| Total liabilities, redeemable non-controlling interests and shareholders' equity | $7.1B | $6.5B | $7.3B | $7.1B |
| Line item | Sep 30, 2023 | Sep 30, 2021 | Jun 30, 2017 |
|---|---|---|---|
| Cash and cash equivalents | $2.5B | $1.8B | $224.1M |
| Short-term investments | $314.6M | $878.5M | $385.1M |
| Accounts receivable, net of allowances for doubtful accounts | $434.1M | — | — |
| Prepaid expenses and other current assets (including loans to and interest receivable from other related parties of US$110,000 and US$100,000 as of December 31, 2022 and September 30, 2023, respectively) | $374.9M | $944.0M | $70.5M |
| Total current assets | $4.1B | $4.9B | $875.7M |
| Property and equipment, net | $216.8M | $64.4M | $25.9M |
| Operating lease assets | $169.2M | $10.7M | — |
| Intangible assets, net | $104.8M | $170.8M | $811.0K |
| Goodwill | $113.6M | $128.6M | $10.7M |
| Long-term investments | $1.3B | $1.2B | $419.7M |
| Other non-current assets (including loans to and interest receivable from a related party of US$454,912 and US$338,386 as of December 31, 2022 and September 30, 2023, respectively) | $746.8M | $577.6M | $10.6M |
| Total assets | $6.7B | $7.0B | $1.3B |
| Accounts payable | $156.2M | $177.6M | $86.6M |
| Accrued and other liabilities | $597.5M | $732.5M | $221.0M |
| Operating lease liability, short-term | $9.1M | $4.4M | — |
| Income taxes payable | $74.9M | $115.2M | — |
| Deferred revenues | $79.0M | $132.5M | $59.0M |
| Unsecured senior notes | $799.0M | — | — |
| Total current liabilities | $1.7B | $1.2B | $430.2M |
| Unsecured senior notes | $743.5M | $1.5B | — |
| Long-term loans | $888.9M | — | — |
| Deferred tax liability | $37.6M | $54.5M | — |
| Operating lease liability, long-term | $44.8M | $5.8M | — |
| Other non-current liabilities | $2.5M | $11.7M | $758.0K |
| Total long-term liabilities | $1.7B | $2.5B | $1.2M |
| Total liabilities | $3.4B | $3.7B | $431.5M |
| Redeemable non-controlling interests (Note 15) | $59.3M | $74.2M | — |
| Ordinary shares: $0.00025 par value; 2,400,000 and 2,400,000 shares (including 1,800,000 Class A ordinary shares, 200,000 Class B ordinary shares and 400,000 shares to be designated) authorized; 237,242 shares (including 142,417 Class A ordinary shares and 94,825 Class B ordinary shares) and 236,248 shares (including 148,426 Class A ordinary shares and 87,822 Class B ordinary shares) issued and outstanding as of December 31, 2022 and September 30, 2023, respectively. | 58.0K | 57.0K | 56.0K |
| Additional paid-in capital | $1.4B | $1.3B | $1.0B |
| Accumulated other comprehensive loss | ($301.4M) | $114.1M | ($16.3M) |
| Retained earnings | $2.1B | $1.8B | ($79.2M) |
| Total Weibo shareholders' equity | $3.2B | $3.2B | $908.4M |
| Non-controlling interests | $11.0M | $29.3M | $3.5M |
| Total shareholders' equity | $3.2B | $3.3B | $911.9M |
| Total liabilities, redeemable non-controlling interests and shareholders' equity | $6.7B | $7.0B | $1.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $461.1M | $310.1M | $357.5M | $97.8M |
| Depreciation and amortization | $59.1M | $58.1M | $58.5M | $54.7M |
| Stock-based compensation | $42.1M | $69.7M | $101.1M | $111.7M |
| Amortization of operating lease assets | $14.1M | $13.5M | $13.8M | $11.5M |
| Non-cash compensation cost to non-controlling interest shareholders | $2.8M | $4.6M | $11.5M | ($20.6M) |
| Provision (reversal) of allowance for credit losses | ($32.1M) | $12.3M | $19.1M | $4.4M |
| Deferred income taxes | $55.9M | $17.7M | $24.0M | ($24.8M) |
| Foreign currency exchange (gain) loss | ($4.2M) | — | — | — |
| (Income) loss from equity method investments | ($76.7M) | $12.2M | ($13.4M) | $24.1M |
| Dividend received from equity method investments | $8.5M | $1.7M | $771.0K | $5.8M |
| (Gain) loss on sale of investments | ($506.0K) | ($261.0K) | $766.0K | ($1.6M) |
| Fair value changes through earnings on investments, net | ($21.3M) | ($18.6M) | ($43.0M) | $243.6M |
| Investment-related impairment and provision | $6.0M | $93.4M | ($23.6M) | $71.1M |
| Gain on disposal of property and equipment | ($450.0K) | ($461.0K) | ($444.0K) | ($240.0K) |
| Amortization of issuance cost of convertible senior notes, unsecured senior notes and long-term loans | $7.8M | $8.5M | $8.3M | $6.3M |
| Accounts receivable due from | ($13.6M) | $70.8M | $7.3M | $159.4M |
| Prepaid expenses and other current assets | $26.0M | ($10.9M) | $6.2M | ($20.7M) |
| Other non-current assets | ($36.4M) | ($23.2M) | ($13.2M) | ($28.0M) |
| Accounts payable | $69.9M | $397.0K | $19.7M | ($35.5M) |
| Accrued and other liabilities | ($28.4M) | $6.8M | ($197.0K) | ($38.1M) |
| Deferred revenues | $2.4M | ($613.0K) | ($1.9M) | ($3.9M) |
| Operating lease liabilities | ($10.9M) | ($9.4M) | ($9.6M) | ($10.1M) |
| Income taxes payable | ($8.0M) | ($27.1M) | $40.7M | ($79.6M) |
| Net cash provided by operating activities | $519.5M | $639.9M | $672.8M | $564.1M |
| Purchases of bank time deposits and wealth management products | ($1.8B) | ($1.6B) | ($755.3M) | ($629.9M) |
| Maturities of bank time deposits and wealth management products | $1.9B | $1.4B | $585.5M | $859.1M |
| Investment in and prepayment on long-term investments | ($110.1M) | ($79.8M) | ($602.7M) | ($193.8M) |
| Proceeds from disposal of/refund of prepayment on long-term investments | $37.5M | $93.2M | $347.8M | $141.8M |
| Proceeds from disposal of property and equipment | $451.0K | $588.0K | $463.0K | $269.0K |
| Purchases of property and equipment | ($42.4M) | ($61.5M) | ($36.8M) | ($43.1M) |
| Net cash provided by (used in) investing activities | $66.6M | ($246.9M) | ($736.8M) | ($33.0M) |
| Proceeds from employee options exercised | $844.0K | $444.0K | $1.0K | $0 |
| Repayment of long-term loans | ($5.0M) | — | ($100.0M) | — |
| Purchase of a subsidiary's shares from non-controlling shareholders | -22.4M | -33.4M | -4.9M | -5.4M |
| Dividends paid to shareholders, net of dividends received from ADS borrower | ($195.6M) | ($194.4M) | — | — |
| Distribution to non-controlling interest shareholders | ($5.1M) | — | — | — |
| Net cash provided by (used in) financing activities | ($227.3M) | ($1.0B) | $21.7M | ($91.1M) |
| Effect of exchange rate changes on cash and cash equivalents | $49.5M | ($57.6M) | ($63.8M) | ($172.9M) |
| Net increase (decrease) in cash and cash equivalents | $408.3M | ($694.0M) | ($106.1M) | $267.1M |
| Cash and cash equivalents at the beginning of the year | $1.9B | $2.6B | $2.7B | $2.4B |
| Cash and cash equivalents at the end of the year | $2.3B | $1.9B | $2.6B | $2.7B |
| Cash paid for interest expenses on convertible senior notes, unsecured senior notes and long-term loans | ($75.3M) | ($111.6M) | ($111.2M) | ($64.6M) |
| Cash paid for income taxes | ($94.4M) | ($119.7M) | ($79.5M) | ($135.1M) |
| Property and equipment in accounts payable | $17.1M | $4.6M | $4.2M | $17.6M |
| Line item | Sep 30, 2023 · YTD | Sep 30, 2021 · YTD | Jun 30, 2017 · YTD |
|---|---|---|---|
| Net income (loss) | $268.8M | $311.8M | $119.8M |
| Depreciation and amortization | $43.8M | $40.2M | $6.9M |
| Stock-based compensation | $79.4M | $61.3M | $22.6M |
| Amortization of operating lease assets | $10.2M | $4.2M | — |
| Non-cash compensation cost to non-controlling interest shareholders | $8.3M | $18.4M | — |
| Provision of allowance for credit losses | $7.3M | $13.2M | $4.1M |
| Deferred income taxes | ($2.4M) | ($11.5M) | ($59.0K) |
| Foreign currency exchange loss | $5.5M | — | — |
| Loss from equity method investments | $5.7M | ($17.7M) | ($210.0K) |
| Dividend received from equity method investments | $771.0K | $11.7M | — |
| (Gain) loss on sale of investments | $1.2M | ($1.3M) | ($14.0K) |
| Fair value changes through earnings on investments, net | ($17.6M) | $33.1M | — |
| Investment related impairment and provision | $23.4M | — | — |
| Gain on disposal of property and equipment | ($360.0K) | ($63.0K) | — |
| Amortization of issuance cost of convertible debt, unsecured senior notes and long-term loans | $4.8M | $4.8M | — |
| Accounts receivable due from | $8.2M | ($241.3M) | ($23.4M) |
| Prepaid expenses and other current assets | ($343.0K) | $7.8M | ($9.0M) |
| Other non-current assets | ($9.3M) | ($4.2M) | ($228.0K) |
| Accounts payable | $18.5M | $24.3M | $36.2M |
| Accrued and other liabilities | ($50.8M) | $190.3M | $41.7M |
| Deferred revenues | $3.8M | ($13.2M) | $9.8M |
| Operating lease liabilities | ($7.2M) | ($4.5M) | — |
| Income taxes payable | $23.2M | $11.2M | — |
| Net cash provided by operating activities | $454.6M | $564.4M | $229.7M |
| Purchases of bank time deposits and wealth management products | ($348.1M) | ($560.2M) | — |
| Maturities of bank time deposits and wealth management products | $500.7M | $1.4B | — |
| Investment in and prepayment on long-term investments | ($598.7M) | ($1.5B) | ($29.3M) |
| Proceeds from disposal of/refund of prepayment on long-term investments | $341.9M | $242.6M | $14.0K |
| Proceeds from disposal of property and equipment | $371.0K | $273.0K | — |
| Purchases of property and equipment | ($29.3M) | ($23.8M) | ($6.9M) |
| Payment for acquisitions, net of cash acquired | ($222.8M) | ($61.2M) | — |
| Return of prepayment to agent for share repurchase | $2.3M | — | — |
| Net cash provided by (used in) investing activities | ($380.1M) | ($567.9M) | ($442.2M) |
| Payments for issuance costs of global offering | ($19.0K) | — | — |
| Proceeds from long-term loans, net of issuance costs | $5.0M | — | — |
| Payments for issuance costs of long-term loans | ($18.0K) | — | — |
| Payments to non-controlling shareholders | ($4.0M) | — | — |
| Dividends paid to shareholders | ($200.1M) | — | — |
| Net cash used in financing activities | ($199.2M) | $1.2M | $63.4M |
| Effect of exchange rate changes on cash and cash equivalents | ($111.1M) | $16.1M | $8.4M |
| Net increase (decrease) in cash and cash equivalents | ($235.8M) | $13.8M | — |
| Cash and cash equivalents at the beginning of the period | $2.7B | $1.8B | $364.8M |
| Cash and cash equivalents at the end of the period | $2.5B | $1.8B | $224.1M |
| Cash paid for interest expenses on convertible debt/unsecured senior notes/long-term loans | ($95.9M) | ($32.3M) | — |
| Cash paid for income taxes | ($51.0M) | ($94.2M) | ($8.0M) |
Weibo Corp ADR score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.