微博(WB.US)盘前涨1.09%，报9.28美元。中信建投研报指，微博2025年初步指引中利润率预期保守，增速指引基本合理。该机构认为2H25改善的机会可能更大，当前仍处于等待催化的阶段。股东回报方面，股息常态化提供底部估值支撑，但考虑到24Q3以来股价涨幅，该机构认为当前阶段主要催化仍然聚焦回归增长，潜在的经营杠杆释放。(格隆汇)

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