Lates News

Lyon released a report stating that Weibo's third-quarter financial report slightly missed expectations. Total revenue decreased by 5% year-on-year, excluding the impact of exchange rates, it decreased by 4% year-on-year. Adjusted operating profit margin was 30%, a 5.6% decrease year-on-year mainly due to a high base. Although it is expected that fourth-quarter revenue will improve, the bank believes that Weibo's revenue in fiscal year 2026 will face dual pressures. The brand advertising business is gaining attention again, and AI search and commercialization business are expected to bring more upside potential. The bank expects Weibo to maintain a similar dividend payout ratio, meaning a yield close to 8%. The bank has lowered its adjusted net profit forecast for the fiscal years 2025 to 2026 by 1%, lowering Weibo's target price from $11.5 to $10.5, while maintaining an outperform rating.