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weibo Weibo Announces Second Quarter 2026 Unaudited Financial Results 08/19/26 HONG KONG , Aug. 19 , 2026 / PRNewswire / -- Weibo Corporation ( " Weibo " or the " Company " ) ( Nasdaq : WB and HKEX : 9898 ) , a leading social media in China , today announced its unaudited financial results for the second quarter ended June 30 , 2026 . " We delivered a solid quarter , " said Gaofei Wang , CEO of Weibo . " On the user front , with our continued efforts to improve user quality and drive user retention through information feed revamp , we saw solid engagement among our core users and increased consumption in the information feeds . Video consumption continued to improve , supported by better content distribution within our revamped feed and increased supply of high quality contents . On the monetization front , we focused on bringing Weibo's unique value on content marketing to more advertisers and enhancing advertising performance through Al integration . We saw solid performance of certain pillar industries and good momentum of celebrity marketing . On the Al front , we made solid progress in the integration of Al to enhance our product , content and monetization systems . " Second Quarter 2026 Highlights • Net revenues were US $ 453.8 million , an increase of 2 % year - over - year or a decrease of 4 % year - over - year on a constant currency basis [ 1 ] . • Advertising and marketing revenues were US $ 381.0 million , a decrease of 1 % year - over - year or a decrease of 6 % year - over - year on a constant currency basis [ 1 ] • Value - added services ( " VAS " ) revenues were US $ 72.9 million , an increase of 19 % year - over - year or an increase of 12 % year - over - year on a constant currency basis [ 1 ] . • Income from operations was US $ 118.9 million , representing an operating margin of 26 % . • Net income attributable to Weibo's shareholders was US $ 67.4 million and diluted net income per share was US $ 0.26 . • Non - GAAP income from operations was US $ 125.4 million , representing a non - GAAP operating margin of 28 % . • • Non - GAAP net income attributable to Weibo's shareholders was US $ 102.7 million and non - GAAP diluted net income per share was US $ 0.38 . Monthly active users ( " MAUS " ) were 561 million in June 2026 . Average daily active users ( " DAUS " ) were 254 million in June 2026 . [ 1 ] We define constant currency ( non - GAAP ) by assuming that the average exchange rate in the second quarter of 2026 was the same as it was in the second quarter of 2025 , or RMB7.23 = US $ 1.00 . Second Quarter 2026 Financial Results For the second quarter of 2026 , Weibo's total net revenues were US $ 453.8 million , an increase of 2 % compared to US $ 444.8 million for the same period last year . Advertising and marketing revenues for the second quarter of 2026 were US $ 381.0 million , a decrease of 1 % compared to US $ 383.4 million for the same period last year . Advertising and marketing revenues excluding advertising revenues from Alibaba were US $ 341.8 million , a decrease of 2 % compared to US $ 347.6 million for the same period last year . The decrease was primarily due to the descending trend of advertising demands from handset and online game sectors year - over - year , and was partially offset by increase of advertising revenues from internet service and automobile sectors as well as favorable foreign exchange impact on the reported numbers from the overall appreciation of RMB against the U.S. dollar ( " foreign exchange impact " ) on a year - over - year basis . Advertising and marketing revenues from Alibaba were US $ 39.2 million , an increase of 10 % compared to US $ 35.7 million for the same period last year . The increase was primarily attributable to the favorable foreign exchange impact on the reported numbers on a year - over - year basis and a modest increase in advertising demands from Alibaba mainly due to its Al application promotion . VAS revenues for the second quarter of 2026 were US $ 72.9 million , an increase of 19 % compared to US $ 61.4 million for the same period last year , primarily attributable to additional revenues of one - off ticket proceeds from off - line activities held by Weibo , and solid growth from membership service as well as favorable foreign exchange impact on the reported numbers on a year - over - year basis . Costs and expenses for the second quarter of 2026 totaled US $ 335.0 million , an increase of 12 % compared to US $ 299.2 million for the same period last year , mainly due to the increases in ad production costs and marketing expenses . Income from operations for the second quarter of 2026 was US $ 118.9 million , compared to US $ 145.6 million for the same period last year . Operating margin was 26 % , compared to 33 % last year . Non - GAAP income from operations was US $ 125.4 million , compared to US $ 161.8 million for the same period last year . Non - GAAP operating margin was 28 % , compared to 36 % last year . Non - operating loss for the second quarter of 2026 was US $ 27.8 million , compared to non - operating income of US $ 12.8 million for the same period last year . Non - operating loss for the second quarter of 2026 mainly included ( i ) loss from fair value change of investments of US $ 22.8 million , which was excluded under non - GAAP measures ; and ( ii ) net interest and other loss of US $ 5.1 million . Income tax expenses for the second quarter of 2026 were US $ 23.0 million , compared to US $ 31.7 million for the same period last year . The decrease in tax expenses was mainly due to lower income before tax in the second quarter of 2026 compared to the same period last year . Net income attributable to Weibo's shareholders for the second quarter of 2026 was US $ 67.4 million , compared to US $ 125.7 million for the same period last year . Diluted net income per share attributable to Weibo's shareholders for the second quarter of 2026 was US $ 0.26 , compared to US $ 0.48 for the same period last year . Non - GAAP net income attributable to Weibo's shareholders for the second quarter of 2026 was US $ 102.7 million , compared to US $ 143.2 million for the same period last year . Non - GAAP diluted net income per share attributable to Weibo's shareholders for the second quarter of 2026 was US $ 0.38 , compared to US $ 0.54 for the same period last year . As of June 30 , 2026 , Weibo's cash , cash equivalents and short - term investments totaled US $ 2.64 billion . For the second quarter of 2026 , cash provided by operating activities was US $ 50.5 million , capital expenditures totaled US $ 3.1 million , and depreciation and amortization expenses amounted to US $ 15.7 million . Conference Call Weibo's management team will host a conference call from 7:00 AM to 8:00 AM Eastern Time on August 19 , 2026 ( or 7:00 PM to 8:00 PM Hong Kong Time on August 19 , 2026 ) to present an overview of the Company's financial performance and business operations . Participants who wish to dial in to the teleconference must register through the below public participant link . Dial - in and instructions will be provided in the confirmation email upon registering . Participants Registration Link : https://register-conf.media-server.com/register/B14542e6edec00491e9198327b87da5adb Additionally , a live and archived webcast of this conference call will be available at http://ir.weibo.com . Non - GAAP Financial Measures