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The chief executive of China's Weibo on Friday confirmed that China may start denying anonymity to online commentators on politics and finance by requiring them to display their names on their accounts, telling users the policy was incoming.
Weibo Corporation (NASDAQ:WB ) Q2 2023 Earnings Conference Call August 24, 2023 7:00 AM ET Company Participants Sandra Zhang - Investor Relations Gaofei Wang - Chief Executive Officer Fei Cao - Chief Financial Officer Conference Call Participants Timothy Zhao - Goldman Sachs Miranda Zhuang - Bank of America Securities Daisy Chen - Haitong International Operator Good day and thank you for standing by. Welcome to the Weibo Report Second Quarter 2023 Financial Results Conference Call.
Weibo Corporation has posted second-quarter financials that beat estimates on earnings but missed the mark on revenue, sending its shares lower in Thursday premarket trading. The Chinese social media company, known for the microblogging website Sina Weibo, reported a 2% decrease in net revenues to US$440.2 million for the three months to June 30, 2023, below analysts' consensus of US$441 million.
Investors interested in stocks from the Internet - Content sector have probably already heard of Weibo Corporation (WB) and Shutterstock (SSTK). But which of these two companies is the best option for those looking for undervalued stocks?
Weibo Corporation (NASDAQ:WB ) Q4 2022 Earnings Conference Call March 1, 2023 6:00 AM ET Company Participants Sandra Zhang - IR Gaofei Wang - Chief Executive Officer Fei Cao - Chief Financial Officer Conference Call Participants Timothy Zhao - Goldman Sachs Felix Liu - UBS Xueqing Zhang - CICC Operator Good day, and thank you for standing by. Welcome to Weibo Fourth Quarter and Fiscal Year 2022 Financial Results Conference Call.
Weibo (WB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Weibo is one of China's leading social media platforms and offers a compelling tech play on China's economic rebound in 2023. The stock trades at about 8x its 2021 net income and is highly attractive if its financial performance can rebound quickly towards its 2021 result.
Weibo Corporation (WB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
WB is expected to achieve positive top-line growth in 2023 driven by a recovery in advertising demand for certain sectors. Weibo is in good position to realize substantial expense savings this year with its focus on cutting staff and selling costs.