- Weibo Corp (NASDAQ:WB) reported fourth-quarter FY21 revenue growth of 20% year-on-year to $616.3 million, beating the consensus of $607.8 million.
- Segments: Weibo's Advertising and marketing revenues rose 21% Y/Y to $550.8 million. Value-added service (VAS) revenues grew 9% Y/Y to $65.5 million.
- Drivers: Monthly active users (MAUs) increased by 52 million Y/Y to 573 million in December 2021, while Average daily active users (DAUs) rose 25 million Y/Y to 249 million.
- Margin: The non-GAAP operating margin contracted 400 bps to 36%.
- Non-GAAP EPS of $0.83 beat the consensus of $0.81.
- Weibo held $3.1 billion in cash and equivalents and generated $249.7 million in operating cash flow.
- Gaofei Wang, the CEO, said, "In 2021, we have achieved solid growth of user community and engagement, leveraging Weibo's unique advantage and competitiveness in the social media sector."
- Price Action: WB shares traded higher by 3.57% at $28.40 in the premarket session on the last check Thursday.
