Hong Kong / Beijing — Weibo Corp (WB-SW, stock code 09898) released its unaudited results for the fourth quarter and full year ended 31 December 2025, showing largely stable top-line performance and announcing a US$150 million cash dividend for shareholders.

Fourth-Quarter 2025 Performance • Net revenue rose 4% year on year to US$473.33 million (+1% on a constant-currency basis). • Advertising and marketing revenue advanced 5% to US$403.80 million, driven by strong demand from e-commerce and local services. • Value-added services (VAS) declined 2% to US$69.46 million. • Operating income fell to US$91.60 million, with margin contracting to 19% from 26% a year earlier on higher production and marketing costs. • Net loss attributable to shareholders was US$4.72 million (diluted loss per share: US$0.02), versus a profit of US$8.87 million in Q4 2024. • On a non-GAAP basis, net income attributable to shareholders dropped to US$66.40 million (diluted EPS: US$0.25) from US$106.59 million.

Full-Year 2025 Highlights • Total revenue was flat at US$1.76 billion, with advertising & marketing revenue steady at US$1.50 billion and VAS at US$255.59 million. • Operating income slipped 6% to US$464.83 million; operating margin eased to 26% (2024: 28%). Non-GAAP operating income declined 10% to US$523.62 million, representing a 30% margin. • Net income attributable to shareholders increased 49% to US$449.02 million, lifting diluted EPS to US$1.70 (2024: US$1.16). The rise reflected a swing to US$140.77 million in non-operating income, aided by higher interest and other income and a gain from investment fair-value changes. • Non-GAAP net income attributable to shareholders fell 8% to US$439.85 million; non-GAAP diluted EPS reached US$1.65.

User Metrics • Monthly active users (MAUs) stood at 567 million in December 2025. • Average daily active users (DAUs) were 252 million.

Liquidity and Balance Sheet • Cash, cash equivalents and short-term investments totaled US$2.40 billion at year-end. • Operating cash flow for 2025 was US$519.50 million, while capital expenditures amounted to US$42.40 million. • Total liabilities increased to US$3.08 billion, against total assets of US$7.09 billion.

Dividend Declaration The board approved an annual cash dividend of US$0.61 per ordinary share/ADS, equivalent to an aggregate payout of approximately US$150 million. The record date is 17 April 2026, with payment expected on or around 15 May 2026 for shareholders of ordinary shares and 22 May 2026 for ADS holders.

Strategic Focus Chief Executive Officer Gaofei Wang highlighted continued investment in social and AI-driven features to deepen user engagement and enhance advertising efficiency, noting a stabilisation in advertising trends during 2025.

A conference call covering the results will be held on 18 March 2026 at 07:00 ET (19:00 Beijing time).