Weibo Corp's MAUs Were 599M in June 2023, up by 17M Users YoY, DAUs Were 258M in June 2023, up by 5M Users YoY
Portfolio Pulse from Benzinga Newsdesk
Weibo Corp reported an increase in its monthly active users (MAUs) to 599 million in June 2023, up by 17 million users YoY. Daily active users (DAUs) also increased to 258 million, up by 5 million users YoY. Mobile MAUs represented 95% of total MAUs.
August 24, 2023 | 9:23 am
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Weibo Corp's user growth could potentially lead to increased revenues and profitability, which may positively impact its stock price.
Weibo Corp's increase in MAUs and DAUs indicates a growing user base, which could lead to increased ad revenues and profitability. This could potentially boost its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100