Weibo Tops Q4 Backed By User Engagement; Clocks 20% Revenue Growth

Weibo Corp WB reported fourth-quarter FY21 revenue growth of 20% year-on-year to $616.3 million, beating the consensus of $607.8 million.
Segments: Weibo's Advertising and marketing revenues rose 21% Y/Y to $550.8 million. Value-added service (VAS) revenues grew 9% Y/Y to $65.5 million.
Drivers: Monthly active users (MAUs) increased by 52 million Y/Y to 573 million in December 2021, while Average daily active users (DAUs) rose 25 million Y/Y to 249 million.
Margin: The non-GAAP operating margin contracted 400 bps to 36%.
Non-GAAP EPS of $0.83 beat the consensus of $0.81.
Weibo held $3.1 billion in cash and equivalents and generated $249.7 million in operating cash flow.
Gaofei Wang, the CEO, said, "In 2021, we have achieved solid growth of user community and engagement, leveraging Weibo's unique advantage and competitiveness in the social media sector."
Price Action: WB shares traded higher by 3.57% at $28.40 in the premarket session on the last check Thursday.

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