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Weibo Announces Q3 2021 Financial ReportThe leading social media in China, Weibo (NASDAQ: WB), released its unaudited financial results for the third quarter of 2021. According to the Q3 performance report for 2021: - The revenue totaled USD 607 million (CNY 3,882 million), increasing 30% year-on-year. As of September 30, 2021, the total cash, cash equivalents and short-term investments amounted to USD 2.71 billion (CNY 17.333 billion). - The operating profit was USD 213 million (CNY 1,477 million), showing an upward trend of 32%, while the net profit was USD 182 million (CNY 1,164 million), growing 438% from the same period last year. - The advertising and marketing revenue increased by 29% to USD 538 million (CNY 3,441 million), which was mainly due to stronger demand for advertising from key industries. - Revenue from value-added services was USD 69.8 million (CNY 446 million yuan), up 42% year-on-year. - The revenue cost was USD 394 million (CNY 2.520 billion), which was mainly related to increased staff-related costs and marketing expenses. Specifically, revenue costs, marketing costs, product development and administrative expenses were USD 103 million (CNY 659 million), USD 141 million (CNY 902 million), USD 119 million (CNY 761 million) and USD 31.75 million (CNY 238 million), respectively. - As of September 2021, Weibo has 573 million monthly active users, and 94% of them are mobile users. In September 2021, the average daily active number of Weibo users reached 248 million. Affected by events such as the Olympics, its user base and traffic re-peaked in July and August after the outbreak since March 2020, reaching 302 million once.
NASDAQ:WB
by EqualOcean
WEIBO: 4h timeframe long possibilityHi Traders, This is my view on this stock for the next few days. #WEIBO BUY 44.70 SL 39.1 TP 61.5 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
NASDAQ:WBLong
by kitchen_trading
Weibo breaks down from a triangle pattern on a downgrade!Weibo, a Chinese platform similar to Twitter, was down 13% on a downgrade (buy to neutral) from Nomura today citing slowing growth in China. In 11 years of trading, I've seen analyst actions have both huge impacts on stocks and also no impact at all on the stocks they cover. It mostly depends on the analyst's timing, who they are and their previous track record with the stock. Today's downgrade seemed to catch Nomura at a rough time as 13% is not a small decline just because someone's opinion changed. In general I don't care so much what the analyst said, but rather the price action that followed. In the chart above we see WB managed to create a very solid base at the $54 level over the past few months. This base held through all of the turmoil of December's declines and it seems it took this downgrade today to have it smash through the support line. I believe there will be follow through. We can sell short WB between $52.50 and 53 Target 1: $47.80 Target 2: $44 Stop: $56.25
NASDAQ:WBShort
by TradeWithAdam