Weibo Corporation (WB) Q3 2023 Earnings Call Transcript

Nov. 09, 2023 3:45 PM ETWeibo Corporation (WB) StockWB
SA Transcripts
154.1K Followers

Q3: 2023-11-09 Earnings Summary

EPS of $0.57 beats by $0.02
 | Revenue of $442.15M (-2.52% Y/Y) misses by $4.20M

Weibo Corporation (NASDAQ:WB) Q3 2023 Results Conference Call November 9, 2023 6:00 AM ET

Company Participants

Sandra Zhang - IR
Gaofei Wang - CEO
Fei Cao - CFO

Conference Call Participants

Miranda Zhuang - Bank of America
Daisy Chen - Haitong International
Timothy Zhao - Goldman Sachs

Operator

Good day, and thank you for standing by. Welcome to the Weibo Reports Third Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Sandra Zhang. Please go ahead.

Sandra Zhang

Thank you, operator. Welcome to Weibo’s Third Quarter 2023 Earnings Conference Call.

Joining us today are our Chief Executive Officer, Gaofei Wang; and our Chief Financial Officer, Fei Cao. The conference call is also being broadcasted on the Internet and is available through Weibo’s IR website.

Before the management remarks, I would like to read you the safe harbor statements in connection with today’s conference call. During today’s conference call, we may make forward-looking statements, statements that are not historical facts, including statements of our beliefs and expectations. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Weibo assumes no obligation to update the forward-looking statements in this conference call and elsewhere. Further information regarding this and other risks is included in Weibo’s Annual Report on Form 20-F, and other filings with the SEC. All the information provided in this press release is occurring as of the date hereof. Weibo assumes no obligation to update such information, except as required under applicable laws.

Additionally, I would like to remind you that our discussion today includes certain non-GAAP measures, which exclude stock-based compensation and certain other expenses. We

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