Weibo’s monthly active users (“MAUs”) reached 530 million in March 2021, a decrease of 4% year-over-year and an increase of 2% quarter-over-quarter. Mobile MAUs represented 94% of MAUs, according to Weibo’s quarterly financial results.
Average daily active users (“DAUs”) on Weibo were 230 million in March 2021, a decrease of 5% year-over-year and an increase of 2% quarter-over-quarter.
Weibo Financial Results in Q1 2021
Net revenues were $458.9 million, an increase of 42% year-over-year or an increase of 31% year-over-year on a constant currency basis.
- Advertising and marketing revenues were $390.0 million, an increase of 42% year-over-year
- Value-added service (“VAS”) revenues were $68.9 million, an increase of 44% year-over-year.
Income from operations was $108.6 million, representing an operating margin of 24%. Non-GAAP income from operations was $137.5 million, representing a non-GAAP operating margin of 30%.
Net income attributable to Weibo was $49.8 million and diluted net income per share was $0.22. Non-GAAP net income attributable to Weibo was $130.7 million and non-GAAP diluted net income per share was $0.57.