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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.
Twitter CEO Elon Musk made his first post to Chinese social media site Weibo in more than four weeks, lamenting a disconnect in public discourse between “words” and “actions.”
It was a mixed quarter for Weibo in Q3 2022, as the company's better-than-expected operating margins were negated by a significant revenue contraction. Investors are looking beyond Q3 and they have their eyes on WB's Q4 performance; I expect Weibo to achieve a higher operating margin and a narrower revenue decline for Q4.
Sales are dropping, but Weibo is still profitable.