Metrics

The numbers behind Weibo Corporation: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ thousands unless noted.

Reading notes: Weibo reports in U.S. dollars; all figures are as printed in the filings, in thousands of U.S. dollars (per-share amounts in dollars, share counts in thousands). FY2023-FY2025 income-statement and cash-flow figures are the three comparative columns of the FY2025 Form 20-F; FY2022 comes from the FY2022 Form 20-F and FY2021 from the FY2021 Form 20-F. Balance-sheet columns are taken from each year's own Form 20-F. FY2019 and FY2020 long-term figures are comparative columns of the FY2021 Form 20-F; FY2016-FY2018 come from the standardized data feed (SEC XBRL) and are shown without page links, as is FY2019 shareholders' equity (the FY2021 Form 20-F balance sheet presents only 2020 and 2021). The income statement omits one line the filings print only in FY2022 - 'Impairment of intangible assets' of US$10,176 thousand - so for FY2022 the four expense captions shown sum to US$1,345,688 thousand against printed total costs and expenses of US$1,355,864 thousand. No sum check is attached to that row for this reason.

Share Price — Available History Since March 2026

The stock closed at $7.94 on Aug 07, 2026 — down 9% over the window shown, trading between $7.20 and $9.27. At that close the stock trades at 4.7× FY2025 diluted EPS as reported below.

Source: market price feed, daily closes, Mar 2026–Aug 2026 — the feed marks this available history as partial. Price return only, excludes dividends.

Market capitalization $2.1bn.

Market cap = 268.6M shares outstanding × the Aug 07, 2026 close of $7.94. Market-derived, shown without filing links.

FY2025 at a Glance

Source: FY2025 consolidated statements [1] [2] [3]. Click any linked figure to open the filing page with the row highlighted.

Revenues by Type

Revenues by Type	FY2021	FY2022	FY2023	FY2024	FY2025
Third parties	1,633,242	1,392,723	1,344,354	1,315,055	1,289,273
Alibaba	181,241	107,197	111,608	116,785	173,834
SINA	96,359	56,206	45,319	25,022	14,311
Other related parties	69,953	40,524	32,733	41,831	24,212
Advertising and marketing revenues	1,980,795	1,596,650	1,534,014	1,498,693	1,501,630
Value-added services revenues	276,288	239,682	225,822	255,984	255,586
Total revenues	2,257,083	1,836,332	1,759,836	1,754,677	1,757,216
Total revenues growth, derived	—	-18.6%	-4.2%	-0.3%	+0.1%

Source: Form 20-F Consolidated Statements of Comprehensive Income - revenue disaggregation as reported (advertising and marketing revenues split by counterparty, plus value-added services) [1] [2] [3]. Click any linked figure to open the filing page with the row highlighted.

Income Statement

Source: Form 20-F Consolidated Statements of Comprehensive Income [1] [2] [3]. Click any linked figure to open the filing page with the row highlighted.

Columns marked E are consensus analyst estimates from S&P Capital IQ (CapIQ), shown alongside reported results for direct comparison; they are not company guidance.

Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-08-10. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.

Balance Sheet

Source: Form 20-F Consolidated Balance Sheets [4] [5] [6] [7]. Click any linked figure to open the filing page with the row highlighted.

Cash Flow

Cash Flow	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	411,877	97,809	357,495	310,105	461,075
Depreciation and amortization	55,008	54,694	58,509	58,137	59,088
Stock-based compensation	87,996	111,713	101,131	69,714	42,067
Net cash provided by operating activities	814,020	564,104	672,820	639,898	519,479
Purchases of property and equipment	(35,094)	(43,136)	(36,772)	(61,469)	(42,368)
Investment in and prepayment on long-term investments	(1,593,880)	(193,784)	(602,740)	(79,804)	(110,139)
Net cash provided by (used in) investing activities	(423,960)	(33,014)	(736,846)	(246,900)	66,617
Dividends paid to shareholders, net of dividends received from ADS borrower	—	—	(200,131)	(194,401)	(195,644)
Net cash provided by (used in) financing activities	189,442	(91,141)	21,690	(1,029,439)	(227,293)
Effect of exchange rate changes on cash and cash equivalents	29,357	(172,884)	(63,797)	(57,562)	49,506
Net increase (decrease) in cash and cash equivalents	608,859	267,065	(106,133)	(694,003)	408,309
Cash and cash equivalents at the end of the year	2,423,703	2,690,768	2,584,635	1,890,632	2,298,941
Free cash flow, derived	778,926	520,968	636,048	578,429	477,111

Source: Form 20-F Consolidated Statements of Cash Flows [8] [9] [10]. Click any linked figure to open the filing page with the row highlighted.

Long-Term Record

Fiscal year	Total revenues	Income from operations	Net income attributable to Weibo's shareholders	Diluted income per share	Net cash provided by operating activities	Purchases of property and equipment	Total shareholders' equity
FY2016	655,800	140,980	108,027	0.48	236,244	(13,253)	757,358
FY2017	1,150,054	407,554	352,590	1.56	539,151	(20,454)	1,194,794
FY2018	1,718,518	609,264	571,823	2.52	488,007	(28,350)	1,748,138
FY2019	1,766,914	597,584	494,675	2.18	631,653	(21,746)	2,281,819
FY2020	1,689,931	506,798	313,364	1.38	741,646	(34,828)	2,828,616
FY2021	2,257,083	697,412	428,319	1.86	814,020	(35,094)	3,621,398
FY2022	1,836,332	480,468	85,555	0.36	564,104	(43,136)	3,344,745
FY2023	1,759,836	472,934	342,598	1.43	672,820	(36,772)	3,448,888
FY2024	1,754,677	494,324	300,801	1.16	639,898	(61,469)	3,533,783
FY2025	1,757,216	464,825	449,020	1.70	519,479	(42,368)	3,974,735

Source: consolidated statements across filings; older years from the standardized feed [8] [1] [4] [5]. Click any linked figure to open the filing page with the row highlighted.

Operating KPIs

KPI	FY2021	FY2022	FY2023	FY2024	FY2025
Monthly active users (MAUs), December	573,000,000	586,000,000	598,000,000	590,000,000	567,000,000
Average daily active users (DAUs), December	249,000,000	252,000,000	257,000,000	260,000,000	252,000,000

Source: company-reported operating metrics [11] [12] [13] [14]. Click any linked figure to open the filing page with the row highlighted.

Analyst Consensus

Street ratings: 6 strong buy, 2 buy, 7 hold, 1 sell, 1 strong sell. Consensus: Buy.

Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-08-10. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.

Traceability

470 of 492 figures on this page (96%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.

• Weibo reports in U.S. dollars; all figures are as printed in the filings, in thousands of U.S. dollars (per-share amounts in dollars, share counts in thousands).

• FY2023-FY2025 income-statement and cash-flow figures are the three comparative columns of the FY2025 Form 20-F; FY2022 comes from the FY2022 Form 20-F and FY2021 from the FY2021 Form 20-F. Balance-sheet columns are taken from each year's own Form 20-F.

• FY2019 and FY2020 long-term figures are comparative columns of the FY2021 Form 20-F; FY2016-FY2018 come from the standardized data feed (SEC XBRL) and are shown without page links, as is FY2019 shareholders' equity (the FY2021 Form 20-F balance sheet presents only 2020 and 2021).

• The income statement omits one line the filings print only in FY2022 - 'Impairment of intangible assets' of US$10,176 thousand - so for FY2022 the four expense captions shown sum to US$1,345,688 thousand against printed total costs and expenses of US$1,355,864 thousand. No sum check is attached to that row for this reason.

• Total long-term liabilities is shown instead of individual debt lines because the debt captions change year to year: at December 31, 2021 US$896,541 thousand of convertible debt sat in current liabilities, and at December 31, 2023 US$799,325 thousand of unsecured senior notes did. The data feed's 'long_term_debt' field excludes those current-portion amounts.

• The advertising and marketing subtotal is printed on an unlabelled row in the Form 20-F statements, so its citation quote is the numeric row itself.

• Weibo paid no dividend before 2023; the dividend line does not appear in the FY2021 or FY2022 cash-flow statements.

• Quarterly figures come from the quarterly results announcements (Form 6-K / HKEX). Those announcements print a three-month statement of operations and a period-end balance sheet but no cash-flow statement, so no quarterly cash flow is shown. Balance-sheet captions there are more condensed than the Form 20-F (for example accounts receivable is presented net of all counterparties, and lease liabilities are folded into accrued expenses and other current liabilities).

• Q4 FY25 shows a net loss attributable to Weibo's shareholders of US$4,722 thousand despite positive net income, driven by US$1,335 thousand of income attributable to non-controlling interests and US$6,119 thousand of accretion to redeemable non-controlling interests; diluted shares equal basic shares in that quarter because of the loss.

• Every value in the FY2021-FY2025 columns and every quarterly value was read off the cited filing page. Cross-checking against data/financials/*.json found no differences beyond rounding, so no discrepancies are recorded.