Yahoo Finance Weibo Full Year 2023 Earnings: In Line With Expectations
Weibo (NASDAQ:WB) Full Year 2023 Results
Key Financial Results
Revenue: US$1.76b (down 4.2% from FY 2022).
Net income: US$342.6m (up 300% from FY 2022).
Profit margin: 20% (up from 4.7% in FY 2022). The increase in margin was driven by lower expenses.
EPS: US$1.45 (up from US$0.36 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Weibo Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in the US.
Performance of the American Interactive Media and Services industry.
The company's shares are up 11% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Weibo's balance sheet health.
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