** Weibo 9898.HK jumps 7.8% to HK$73.45, highest since April 3
** Stock set for biggest one-day pct rise since February 21
** U.S.-listed shares WB.O rose 4.3% on Wednesday
** Chinese social media advertising firm's Q1 net income surges to $107 mln from year-ago $49.4 mln; net revenue up 1% y/y on a constant currency basis
** Jefferies maintains "buy", saying revenue was in line with estimate and non-GAAP earnings beat expectations
** Says, "On a constant-currency basis, we expect total revenue to remain relatively stable YoY in 2Q and 2025 respectively"
** YTD, HK stock down 3.3%, U.S. shares falls 8.1%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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