Twitter's Chinese Peer Weibo's Q3 User Growth Strong with MAUs Topping 605M, But Revenue Falls
Portfolio Pulse from Anusuya Lahiri
Weibo Corp reported a 3% YoY decline in Q3 FY23 revenue to $442.2 million, slightly missing the consensus of $442.4 million. Adjusted EPS of $0.53 also missed the consensus of $0.55. Despite the revenue fall, the company saw strong user growth with MAUs increasing by 21 million YoY to 605 million. The company's stock has lost 38.3% YTD and traded lower by 0.41% at $12.01 on the last check.

November 09, 2023 | 2:39 pm
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NEGATIVE IMPACT
Weibo's Q3 revenue and EPS missed consensus estimates, but user growth remained strong. The stock has been underperforming with a 38.3% YTD loss.
Weibo's lower than expected Q3 revenue and EPS are negative indicators for the stock. However, the strong user growth could provide some support. The stock's YTD loss indicates bearish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100