New Street Research - Weibo Corp Sponsored ADR Class A (WB) New Street: WB 1Q21 Earnings - Ad Demand to Remain Robust

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New Street Research

Jin Yoon

New Street: WB 1Q21 Earnings - Ad Demand to Remain Robust

What's new: Weibo Corporation reported 1Q21 revenue results came in above our expectations and consensus estimates. Guidance reflects robust ad demand environment as the economy continues to recover. We maintain our PT at USD65 which implies a 20.6x FY22E P/E.

Analysts:
Jin Yoon

17/05/2021 7 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.

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Analysts

Jin Yoon

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New Street: WB 1Q21 Earnings - Ad Demand to Remain Robust

WB 4Q23 Results: Near Term Visibility Remains Limited

WB: Economic Recovery In China In 2024 Is Likely to Benefit WB; Steady 4Q23 Performance; Trading Around Cash

WB 3Q23 Results: Visibility Remains Limited Heading into 2024

Bible 1Q24 – Foundries: leading-edge strong; Trailing-edge correction playing out.

VEON (Buy, TP: $40, +55%) Thoughts after the call

Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

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