Weibo Corp., one of China's pioneering social media platforms, reported stagnant revenues in its latest quarter, with a 1% decline overall. A concerning 4% drop in core advertising, which constitutes 85% of its revenue, prompted skepticism from analysts. Despite a modest rise in value-added services, investor confidence appears shaken, as evidenced by ratings from analysts—more than half labeling the stock as 'hold' or worse. The company's long path from its Twitter-inspired start to the current stagnation raises questions about its future direction amidst these challenges.
Weibo reported a 1% drop in revenue, influenced by a 4% decline in advertising, reflecting ongoing stagnation.
Reliance on advertising accounts for 85% of Weibo's revenue, yet analysts express bearish sentiments with most rating it a 'hold' or lower.
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