Weibo Corp is a US-listed company in the interactive media & services industry. Its financial year ends in December.
Loading chart…
Third-party market data · may be delayed
Under review: our cash-flow value ($39.70) was left out of our combined valuation (it is 6.23x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.
Under review: our cash-flow value ($39.70) was left out of our combined valuation (it is 6.23x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.
Weibo Corp valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $1.76bn, up 0.1% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin fell to 27.2% from 34.5% a year earlier. Operating margin narrowed to 26.5% from 30.9%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 6 of our 7 financial-health checks.
Our model value for Weibo is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Weibo Corp's trailing-twelve-month revenue grew 0.1% year on year, with a free-cash-flow margin of 27.2%. Where it stands out: net margin of 25.6% ranks 9 of 63 interactive media & services companies we cover. Where it lags: days sales outstanding of 83 days ranks 45 of 54 interactive media & services companies we cover.
Our discounted-cash-flow model values the business at ~$40 per share in the base case (~$30–$53 across growth scenarios) — model values under stated assumptions, not a price target.
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 17.5% while net income grew 49.3%: a 67pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Loading chart…
Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for WB from the sources we follow. See filings →
Our value per share comes from a discounted-cash-flow model of Weibo Corp's free cash flow after stock-based pay ( $574M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Weibo Corp as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.94 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. | ~$40 ~$30–$53 | Left out: out of range vs price (6.25x) |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$13 ~$10–$21 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$17 ~$12–$23 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$17 ~$14–$20 | Included |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Weibo Corp with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share price | $13.93 | $29.00 | $73.91 | $41.74 | $33.11 | $29.28 | $22.13 | $13.66 | $8.32 | $7.99 | $9.55 |
| Market value | $3.0bn | $6.5bn | $16.7bn | $9.7bn | $7.5bn | $6.7bn | $5m | $3m | $2.0bn | $2.1bn | $2.6bn |
| + Net debt (− = net cash) | −$237m | −$365m | −$44m | −$290m | −$565m | −$279m | $11m | −$1.2bn | −$1.8bn | $295m | −$203m |
| Enterprise value | $2.8bn | $6.1bn | $16.6bn | $9.4bn | $6.9bn | $6.4bn | $16m | −$1.1bn | $156m | $2.4bn | $2.4bn |
| Multiples | |||||||||||
| Price / sales | 6.4x | 9.9x | 14.5x | 5.7x | 4.2x | 3.9x | 0.0x | 0.0x | 1.1x | 1.2x | 1.5x |
| Price / earnings | 87.4x | 59.8x | 47.2x | 17.0x | 15.2x | 21.3x | 0.0x | 0.0x | 5.8x | 7.0x | 5.7x |
| Price / free cash flow | 17.7x | 29.0x | 32.1x | 21.1x | 12.3x | 9.4x | 0.0x | 0.0x | 3.1x | 3.7x | 5.4x |
| EV / EBITDA | 47.9x | 39.4x | 39.3x | 15.0x | 11.1x | 11.9x | 0.0x | n/m | 0.3x | 4.4x | 4.5x |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: November 17, 2026, before the open. Analysts expect revenue of $422m and EPS of $0.23 (range $0.17 to $0.30) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.22 | −26% | $1.8bn | −0% |
| Next | $1.27 | +4% | $1.8bn | +1% |
Next year's EPS estimate has moved −14.2% in 90 days, across 14 analysts.
The consensus EPS forecast for the current fiscal year is −14.4% on 90 days ago. In the last 30 days, 0 analysts raised Weibo Corp's forecast and 13 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.42 | $1.48 |
| 60 days ago | $1.22 | $1.28 |
| 30 days ago | $1.22 | $1.28 |
| 7 days ago | $1.24 | $1.28 |
| Now | $1.22 | $1.27 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.36 | $0.38 | +5.0% |
| Mar 2026 | $0.36 | $0.34 | −5.6% |
| Dec 2025 | $0.32 | $0.25 | −20.8% |
| Sept 2025 | $0.42 | $0.42 | +1.1% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| WB | −24% | −38% | −39% | −4% | +20% | −34% |
| Industry peers (median) | −26% | −54% | −2% | −21% | −16% | −22% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| WB | 42% | 42% | 25% | 50% | 67% | 36% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| WB | −55% | −70% | −61% | −30% | −31% | −41% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 94% from February 23, 2018 to September 9, 2024. Getting back needed a 1574% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY14 Q4 | $334.2M |
| FY15 Q4 | $477.9M |
| FY16 Q4 | $655.8M |
| FY17 Q4 | $1.2B |
| FY18 Q4 | $1.7B |
| FY19 Q4 | $1.8B |
| FY20 Q4 | $1.7B |
| FY21 Q4 | $2.3B |
| FY22 Q4 | $1.8B |
| FY23 Q4 | $1.8B |
| FY24 Q4 | $1.8B |
| FY25 Q4 | $1.8B |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY14 Q4 | 77.5% |
| FY15 Q4 | 43.0% |
| FY16 Q4 | 37.2% |
| FY17 Q4 | 75.4% |
| FY18 Q4 | 49.4% |
| FY19 Q4 | 2.8% |
| FY20 Q4 | -4.4% |
| FY21 Q4 | 33.6% |
| FY22 Q4 | -18.6% |
| FY23 Q4 | -4.2% |
| FY24 Q4 | -0.3% |
| FY25 Q4 | 0.1% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY14 Q4 | -6.6% |
| FY15 Q4 | 7.8% |
| FY16 Q4 | 21.5% |
| FY17 Q4 | 35.4% |
| FY18 Q4 | 35.5% |
| FY19 Q4 | 33.8% |
| FY20 Q4 | 30.0% |
| FY21 Q4 | 30.9% |
| FY22 Q4 | 26.2% |
| FY23 Q4 | 26.9% |
| FY24 Q4 | 28.2% |
| FY25 Q4 | 26.5% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | FCF margin (TTM) |
|---|---|
| FY14 Q4 | -10.2% |
| FY15 Q4 | 35.8% |
| FY16 Q4 | 34.0% |
| FY17 Q4 | 45.1% |
| FY18 Q4 | 26.7% |
| FY19 Q4 | 34.5% |
| FY20 Q4 | 41.8% |
| FY21 Q4 | 34.5% |
| FY22 Q4 | 28.4% |
| FY23 Q4 | 36.1% |
| FY24 Q4 | 33.0% |
| FY25 Q4 | 27.2% |
Each dollar Weibo took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.
| Revenue | $1.8B | |
|---|---|---|
| Other income | $129M | 7.3% of revenue |
| Cost of revenue | $422M | 24.0% of revenue |
| Gross profit | $1.3B | 76.0% of revenue |
| Research and development | $324M | 18.5% of revenue |
| Selling, general and admin | $546M | 31.1% of revenue |
| Operating income | $465M | 26.5% of revenue |
| Income tax | $145M | 8.2% of revenue |
| Net income | $449M | 25.6% of revenue |
| Fiscal year | 2012 Dec 2012 | 2013 Dec 2013 | 2014 Dec 2014 | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||||||
| Revenue | 66 | 188 | 334 | 478 | 656 | 1,150 | 1,719 | 1,767 | 1,690 | 2,257 | 1,836 | 1,760 | 1,755 | 1,757 |
| Gross profit | 20 | 128 | 251 | 336 | 485 | 919 | 1,441 | 1,438 | 1,388 | 1,853 | 1,436 | 1,386 | 1,385 | 1,335 |
| EBITDA | −81 | −37 | 1 | 58 | 155 | 423 | 629 | 623 | 539 | 752 | 535 | 531 | 552 | 524 |
| Operating income | −98 | −59 | −22 | 38 | 141 | 408 | 609 | 598 | 507 | 697 | 480 | 473 | 494 | 465 |
| Net income | −102 | −40 | −65 | 35 | 108 | 353 | 572 | 495 | 313 | 428 | 86 | 343 | 301 | 449 |
| Diluted EPS | −$0.73 | −$0.27 | −$0.35 | $0.16 | $0.48 | $1.56 | $2.52 | $2.18 | $1.38 | $1.86 | $0.36 | $1.43 | $1.16 | $1.70 |
| Growth (year on year) | ||||||||||||||
| Revenue | — | +185.6% | +77.5% | +43.0% | +37.2% | +75.4% | +49.4% | +2.8% | −4.4% | +33.6% | −18.6% | −4.2% | −0.3% | +0.1% |
| EBITDA | — | — | — | — | +165.1% | +172.9% | +48.8% | −0.9% | −13.5% | +39.6% | −28.9% | −0.7% | +4.0% | −5.2% |
| Operating income | — | — | — | — | +275.9% | +189.1% | +49.5% | −1.9% | −15.2% | +37.6% | −31.1% | −1.6% | +4.5% | −6.0% |
| Net income | — | — | — | — | +210.9% | +226.4% | +62.2% | −13.5% | −36.7% | +36.7% | −80.0% | +300.4% | −12.2% | +49.3% |
| Diluted EPS | — | — | — | — | +200.0% | +225.0% | +61.5% | −13.5% | −36.7% | +34.8% | −80.6% | +297.2% | −18.9% | +46.6% |
| Margins | ||||||||||||||
| Gross margin | 29.6% | 68.2% | 75.0% | 70.3% | 73.9% | 79.9% | 83.8% | 81.4% | 82.1% | 82.1% | 78.2% | 78.7% | 78.9% | 76.0% |
| EBITDA margin | −123.6% | −19.7% | 0.3% | 12.2% | 23.6% | 36.8% | 36.6% | 35.3% | 31.9% | 33.3% | 29.1% | 30.2% | 31.5% | 29.8% |
| Operating margin | −148.4% | −31.1% | −6.6% | 7.8% | 21.5% | 35.4% | 35.5% | 33.8% | 30.0% | 30.9% | 26.2% | 26.9% | 28.2% | 26.5% |
| Net margin | −155.4% | −21.1% | −19.5% | 7.3% | 16.5% | 30.7% | 33.3% | 28.0% | 18.5% | 19.0% | 4.7% | 19.5% | 17.1% | 25.6% |
| Free-cash-flow margin | −186.0% | −7.4% | −10.2% | 35.8% | 34.0% | 45.1% | 26.7% | 34.5% | 41.8% | 34.5% | 28.4% | 36.1% | 33.0% | 27.2% |
| Cash flow | ||||||||||||||
| Cash from operations | −104 | −2 | −19 | 182 | 236 | 539 | 488 | 632 | 742 | 814 | 564 | 673 | 640 | 519 |
| Capital spending | 19 | 12 | 15 | 11 | 13 | 20 | 28 | 22 | 35 | 35 | 43 | 37 | 61 | 42 |
| Free cash flow | −123 | −14 | −34 | 171 | 223 | 519 | 460 | 610 | 707 | 779 | 521 | 636 | 578 | 477 |
| Stock-based pay | 2 | 4 | 14 | 26 | 37 | 48 | 41 | 61 | 67 | 88 | 112 | 101 | 70 | 42 |
| Free cash flow after stock pay | −124 | −18 | −48 | 145 | 186 | 471 | 419 | 549 | 640 | 691 | 409 | 535 | 509 | 435 |
| Balance sheet | ||||||||||||||
| Cash | 4 | 249 | 285 | 237 | 365 | 1,001 | 1,235 | 1,453 | 1,815 | 2,424 | 2,691 | 2,585 | 1,891 | 2,299 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 957 | 945 | 888 | 1,536 | 2,435 | 1,541 | 744 | 2,186 | 2,096 |
| Net debt (negative = net cash) | −4 | −249 | −285 | −237 | −365 | −44 | −290 | −565 | −279 | 11 | −1,150 | −1,841 | 295 | −203 |
| Diluted shares | 141m | 147m | 187m | 218m | 223m | 225m | 233m | 226m | 228m | — | — | 240m | 265m | 269m |
| Returned to shareholders | ||||||||||||||
| Dividends | — | — | — | — | — | — | — | — | — | — | — | 200 | 194 | 196 |
| Buybacks | — | — | — | — | — | — | — | — | — | — | 58 | — | — | — |
| Total returned | — | — | — | — | — | — | — | — | — | — | 58 | 200 | 194 | 196 |
| Last 12 months unless stated | WB | TRIP | MOMO | YELP | JOYY | WBTN | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $1.8bn | $1.8bn | $1.5bn | $1.5bn | $2.1bn | $1.4bn | $615m |
| Revenue growth, last 12 months | 0.1% | −1.6% | 2.4% | 1.5% | −5.1% | −0.5% | 2.4% |
| Revenue growth, 3-year average | 110.5% | 2.1% | 679.6% | 5.1% | — | — | 5.0% |
| Revenue growth, latest quarter | — | −7.2% | — | 1.4% | — | −2.8% | 2.4% |
| Gross margin | 76.0% | 92.1% | 37.8% | 92.4% | 35.9% | 24.4% | 60.4% |
| Operating margin | 26.5% | 2.7% | 13.1% | 11.7% | 2.6% | −3.8% | 0.3% |
| Operating margin, 3-year average | 30.9% | 5.1% | 8.0% | 11.0% | 7.3% | −4.9% | −0.4% |
| Net margin | 25.6% | 0.3% | 7.8% | 8.6% | 98.8% | −25.1% | 3.8% |
| Cash from operations / revenue | 29.6% | 11.4% | 11.4% | 23.7% | 14.2% | 0.4% | 11.4% |
| Free-cash-flow margin | 27.2% | 7.4% | 6.7% | 20.2% | 7.5% | −0.3% | 7.5% |
| Free-cash-flow margin, 3-year average | 35.6% | 8.0% | 15.6% | 19.8% | 13.8% | 1.3% | 7.2% |
| Stock pay / revenue | 2.4% | 5.0% | 1.6% | 8.3% | 1.2% | 2.6% | 3.7% |
| Change in share count | 1.3% | −14.4% | −9.4% | −11.1% | −8.0% | 2.4% | 2.0% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 0.1% | 2.4% | 41 of 63 |
| Change in growth rate Growth | +0.4pp | -0.2pp | 27 of 63 |
| Gross margin Profitability | 76.0% | 60.9% | 18 of 54 |
| Operating margin Profitability | 26.5% | 0.3% | 10 of 63 |
| Net margin Profitability | 25.6% | 3.8% | 9 of 63 |
| Free-cash-flow margin Cash generation | 27.2% | 8.9% | 10 of 59 |
| Stock pay as % of revenue Cash generation | 2.4% | 3.9% | 15 of 61 |
| Long-term debt as % of assets Balance sheet | 29.6% | 16.9% | 20 of 32 |
| Change in share count Balance sheet | 1.3% | 1.7% | 26 of 55 |
| Days sales outstanding Balance sheet | 83 days | 49 days | 45 of 54 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Alibaba Group Holding Ltd | $65.3M | 9.0M | 18.8% | 0.0% |
| Acadian Asset Management LLC | $36.7M | 5.1M | 10.5% | ▼ 9.2% |
| Krane Funds Advisors LLC | $25.6M | 3.5M | 7.3% | ▼ 7.8% |
| Polunin Capital Partners Ltd | $22.6M | 2.9M | 6.5% | New |
| Saba Capital Management, L.P. | $22.6M | 3.1M | 6.5% | ▲ 27.5% |
| Wellington Management Group LLP | $17.2M | 2.4M | 4.9% | ▲ 41.9% |
| Causeway Capital Management LLC | $16.8M | 2.3M | 4.8% | ▼ 13.1% |
| Fil Ltd | $12.6M | 1.7M | 3.6% | ▼ 3.5% |
| Nomura Asset Management International Inc. | $11M | 1.5M | 3.2% | ▼ 2.8% |
| Goldman Sachs Group Inc | $8.7M | 1.2M | 2.5% | ▼ 29.4% |
| UBS Group AG | $7.1M | 976K | 2.0% | ▲ 33.2% |
| New York State Common Retirement Fund | $5.7M | 781K | 1.6% | ▲ 38.5% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Weibo Corp's complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
No trades in Weibo Corp disclosed in the last 12 months; 11 earlier trades on record.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
New research on the companies we cover arrives in the weekly email. Free, one email a week.
