WB-SW (09898) surged more than 4%, reaching HK$78.55 by the time of writing, with a trading volume of HK$15.89 million. The company recently released its Q3 2025 financial results, reporting net revenue of approximately $442 million, down 4.77% year-over-year (YoY). However, net profit attributable to WB-SW shareholders rose 69.33% YoY to $221 million, with basic earnings per share (EPS) at $0.93.

For the first three quarters of 2025, WB-SW recorded net revenue of $1.284 billion, a slight decline of 1.07% YoY, while net profit attributable to shareholders increased 55.43% YoY to $454 million, with basic EPS at $1.90.

Analysts noted that WB-SW's intelligent search user base continued to expand in Q3 2025, with monthly active users (MAU) exceeding 70 million and daily active users (DAU) and search queries growing over 50% quarter-over-quarter (QoQ). This drove a 20% QoQ increase in total search queries. The company is also enhancing AI applications across its advertising processes.

On the technological front, WB-SW launched its first self-developed open-source small-parameter large model, VibeThinker, overseas in November 2025 (currently in experimental phase). The company plans to integrate its data assets in vertical fields such as psychology to develop specialized models catering to social needs.