WB: WB’s Operating Metrics Improve Y/Y In 3Q21 Driven By Hot Topics And Olympic Game Events; 4Q21 Is Likely To Be Impacted By Weakness Of The Economy
WB will report 3Q21 results on November 11th before the US market open with a 6am ET conference call. We are positive on WB’s 3Q21 performance and cautious on 4Q21 growth. Weibo is a platform where breaking news and popular events are highly discussed. As 3Q21 was a period of intensive policies, as well as the Olympics (July 23 to August 8), we expect the user and traffic to spike. However, the traffic looks weak in 4Q21.
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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