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<Research>G Sachs Mildly Cuts Weibo (WB.US) TP to USD9.7; 1Q25 Results Beat
WB-SW (09898.HK) (WB.US) delivered better-than-expected 1Q25 results, according to a Goldman Sachs report. Its revenue increased by 1% YoY at constant exchange rates but remained f...
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<Research>G Sachs Mildly Cuts Weibo (WB.US) TP to USD9.7; 1Q25 Results Beat
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WB-SW (09898.HK)  +1.950 (+2.737%)    Short selling $1.04M; Ratio 3.952%   (WB.US)      delivered better-than-expected 1Q25 results, according to a Goldman Sachs report. Its revenue increased by 1% YoY at constant exchange rates but remained flat in USD terms, surpassing the broker's and the market's expectations by 1%.

The company's non-GAAP operating profit grew by 3% to USD130 million, higher than the broker's and the market's forecasts by 4% and 10%, respectively. Its non-GAAP net profit amounted to nearly USD120 million, 22% and 15% above the broker's and the market's estimates, respectively.

Related NewsNomura Trims Weibo (WB.US) TP to USD10; Ad Biz Seems to Have Bottomed Out
Considering its 1Q results performance, Goldman Sachs maintained a Neutral rating on WB-SW, with an unchanged target price of HKD76 for its Hong Kong shares. Regarding the company's US shares, the broker slightly cut its target price from USD9.8 to USD9.7.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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