Weibo Corp's fiscal second-quarter revenue was $437.87 million, slightly decreasing 1% from the previous year but surpassing analyst estimates, showing resilience in a challenging market.
CEO Gaofei Wang stated, 'Our user engagement and operating efficiency have further improved this quarter,' focusing on high-quality user acquisition and a strong vertical content strategy to boost monetization.
While advertising revenues declined by 3% year-on-year, Weibo saw a significant increase in value-added service revenues by 15%, highlighting the company's adaptability amid economic challenges.
Despite a 40% decline in stock over the past year due to a weak economy, Weibo's adjusted operating margin improved, reflecting enhanced profitability and cash flow generation efforts.
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