Weibo Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results and Dividend [Yahoo! Finance]
Weibo Corporation - American Depositary Shares (WB)
Last weibo corporation - american depositary shares earnings: 2/26 05:00 am
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Source: Yahoo! Finance
announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 "In 2023, we further improved our product's competitiveness and operating efficiency," said Gaofei Wang, CEO of Weibo. "Our user community expanded this year, as we have reinforced our content ecosystem and enhanced core competitiveness of our products. On monetization front, our advertising business exhibited solid performance this quarter and gradually recovered throughout the year. With our continued focus on operating efficiency and financial discipline, we achieved decent profitability and solid growth of operating cash flow in 2023. As we are committed to driving shareholder value, we are pleased to announce that our board of directors has approved a special cash dividend of US$200 million to our shareholders." Fourth Quarter 2023 Highlights Net revenues were US$463.7 million , an increase of 3% year-over-year or an increase of 5% year-over-year on a constant currency b
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