New Street Research - Weibo Corp Sponsored ADR Class A (WB) WB 1Q23 Results: Ad Recovery Slower Than Anticipated

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New Street Research

Jin Yoon

WB 1Q23 Results: Ad Recovery Slower Than Anticipated

What's new: Weibo’s reported 1Q23 top line results were largely in-line with consensus but below our expectations. Overall visibility remains limited in the near-term. 2H ad recovery could be dependent on new product launches and recovery in advertiser sentiment. We maintain our PT at USD25.

Analysts:
Jin Yoon

26/05/2023 1 EN

Underlying

Weibo Corp Sponsored ADR Class A

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US9485961018 NASDAQ Stock Market United States

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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WB 3Q24 Results: Ad Recovery Could Take Time

What’s new: Weibo’s reported 3Q24 results that were above consensus and our expectations. Ads could be challenging in 4Q partly due to tougher comps in gaming and pull-forward ad demand from Summer Olympics in 3Q. We maintain our PT at USD10. Analysts: Jin Yoon

November 20, 2024 November 20, 2024 1 EN

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August 23, 2024 August 23, 2024 1 EN

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WB 1Q23 Results: Ad Recovery Slower Than Anticipated

WB 3Q24 Results: Ad Recovery Could Take Time

WB 2Q24 Results: Ad Outlook Challenging in 2H

Vermilion Short Shots: Technically Vulnerable Stocks

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

Gen AI Big Idea Series - Chipletz CEO Bryan Black - Smart Substrate & the Multi-Chip-Module revolution

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