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<Research>CMBI Cuts Weibo (WB.US) TP to US$14.5, Reduces FY2025/ FY2026 Earnings Forecasts
Weibo (WB.US)'s 4FQ24 net revenue was largely flat YoY on a constant currency basis, in line with market consensus, while non-GAAP net profit increased 40% YoY, 9% higher than ...
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<Research>CMBI Cuts Weibo (WB.US) TP to US$14.5, Reduces FY2025/ FY2026 Earnings Forecasts
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Weibo (WB.US)      's 4FQ24 net revenue was largely flat YoY on a constant currency basis, in line with market consensus, while non-GAAP net profit increased 40% YoY, 9% higher than market consensus, mainly due to effective operating expenses control, according to CMBI's research report.

The broker lowered its FY2025-FY2026 earnings forecasts for Weibo by 3-5%, and cut its target price for Weibo's US stock to US$14.5 from US$15, with rating kept at Buy, due to the weak revenue outlook and AI investment.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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