Weibo Reports Q3 Revenue Down 5%, Advertising Sales Slide 6% Y/Y, AI Push Keeps Engagement Steady

Weibo Corp reported Q3 revenue of $442.3mln, down 5% YoY, beating estimates. Ad sales fell 6% YoY due to prior year Olympic Games benefit, while VAS revenues increased 2% YoY. MAUs were 578mln and DAUs were 257mln. Weibo CEO Gaofei Wang credited the company's AI push for steady engagement and improved monetization efficiency. The stock rose 2.51% premarket.