January 29, 2023

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Fashionable Chinese language microblogging platform Weibo launched its monetary effects for the fourth quarter and full yr of 2021 on Thursday. In This autumn, Weibo’s earnings used to be $616 million, up 20% year-on-year, and its internet earnings in line with non-GAAP (usually authorized accounting rules) used to be 196 million yuan ($31.02 million), down 8.1% year-on-year. In 2021, Weibo’s general earnings used to be $2.26 billion, up 33.7% over the former yr, and its internet earnings in line with non-GAAP used to be $719 million, up 25% over the former yr’s $575 million.

With regards to particular trade sectors, Weibo’s earnings from promoting and advertising in 2021 used to be $1.98 billion, up 33% year-on-year, accounting for approximately 87.6% of the overall earnings, of which earnings from This autumn 2021 used to be $550 million, up 21% year-on-year, accounting for 89.3% of the overall earnings.

In line with the monetary file, promoting and advertising earnings in 2021, when except for source of revenue from Alibaba Crew Maintaining Restricted, used to be $1.84 billion, a year-on-year building up of 38%.

As for the expansion of its promoting trade, Weibo stated that it used to be principally pushed through the forged expansion of shopper promoting expenditure in maximum key industries. It’s reported that during This autumn 2021, the social platform maintained really extensive earnings expansion in beauty treatment, meals and beverage, 3C merchandise, automotive and different industries, whilst luxurious items and sneakers and clothes industries, which Weibo has interested by growing, additionally contributed upper earnings expansion.

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As well as, Weibo’s earnings from value-added products and services in 2021 used to be $280 million, up 36% year-on-year, accounting for approximately 12.4%, of which the earnings from This autumn used to be $65.6 million, up 9% year-on-year, accounting for approximately 10.7%.

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CEO of Weibo Wang Gaofei stated that in the case of commercialization, the corporate’s earnings exceeded $2 billion in 2021, and its working potency used to be additional advanced, totally reflecting the sturdy momentum and resilience of industrial restoration efforts following the pandemic. In 2022, the corporate will proceed to toughen its product purposes, enrich its platform content material ecology, dedicate itself to serving a much broader consumer team, and supply consumers with a extra environment friendly and leading edge advertising style.

By means of the tip of 2021, the social platform had 573 million per 30 days energetic customers, a internet building up of about 52 million year-on-year, unchanged from Q3. The typical choice of day-to-day energetic customers used to be 249 million, a internet building up of about 25 million year-on-year and a slight building up from the former month.