WB: Capturing Better Underlying Economic Recovery As Well As More Social Events and Discussions Drive Better Growth In WB’s 1Q21 Business Performance; Hot Topic Search Up Q/Q
WB will report 1Q21 results on May 10th with a 7am EST conference call. We are positive into WB’s 1Q21 performance. Fueled by strong recovery in China’s underlying economy, we believe the company’s 1Q21 revenue is likely to be better than consensus at $429.8M (32.9% Y/Y growth) according to our data and calculations. In addition, there were many popular social discussions and events in 1Q21, which we believe drove traffic to WB and eventually led to more advertising dollars.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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