BEIJING, Nov. 14, 2016 /PRNewswire/ -- Weibo Corporation
(NASDAQ: WB), a leading social media for people to create, share
and discover Chinese-language content, will announce its unaudited
financial results for the third quarter of 2016 after the close of
market on Monday, November 21, 2016.
Following the announcement, Weibo's management team will host a
conference call from 8 PM –
9 PM Eastern Time on November 21, 2016 (or 9
AM – 10 AM Beijing Time on
November 22, 2016) to present an
overview of the Company's financial performance and business
operations.
A live webcast of the call will be available through the
Company's corporate website at http://ir.weibo.com. Dial-in to the
conference call can be accessed as follows:
|
US
Toll Free:
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+1
866-519-4004
|
|
Hong Kong Toll Free:
|
800-906-601
|
|
China:
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400-620-8038
|
|
International:
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+65
6713-5090
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Passcode for all regions:
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17722600
|
A replay of the conference call will be available through
midnight, Eastern Time on November 28,
2016. The dial-in number is +61 2-8199-0299. The passcode
for the replay is 17722600.
About Weibo Corporation
Weibo is a leading social media for people to create, share and
discover Chinese-language content. Weibo combines the means of
public self-expression in real time with a powerful platform for
social interaction, as well as content aggregation and
distribution. Any user can create and post a feed of up to 140
Chinese characters and attach multi-media or long-form content.
User relationships on Weibo may be asymmetric; any user can follow
any other user and add comments to a feed while reposting. This
simple, asymmetric and distributed nature of Weibo allows an
original feed to become a live viral conversation stream.
Weibo enables its advertising and marketing customers to promote
their brands, products and services to users. Weibo offers a wide
variety of advertising and marketing solutions to its customers,
ranging from large brand advertisers to Alibaba/e-commerce
merchants to small and medium sized enterprises to individuals. The
Company generates a substantial majority of revenues from the sale
of advertising and marketing services, including the sale of social
display ads, promoted feeds and event-based ad solutions. Weibo has
developed and is continuously refining its social interest graph
recommendation engine, which enables its customers to perform
people marketing and target audiences based on user demographics,
social relationships, interests and behaviors, to achieve greater
relevance, engagement and marketing effectiveness.
Safe Harbor Statement
This press release contains forward-looking statements that
relate to, among other things, Weibo's expected financial
performance and strategic and operational plans (as described,
without limitation, in the "Business Outlook" section and in
quotations from management in this press release. Weibo may also
make forward-looking statements in the Company's periodic reports
to the U.S. Securities and Exchange Commission ("SEC"), in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about the
Company's beliefs and expectations, are forward-looking statements.
These forward-looking statements can be identified by terminology,
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "confidence," "estimates" and similar
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of important factors could cause actual
results to differ materially from those contained in any
forward-looking statement. Potential risks and uncertainties
include, but are not limited to, Weibo's limited operating history
in certain new businesses; failure to grow active user base and the
level of user engagement; the uncertain regulatory landscape in
China; fluctuations in the
Company's quarterly operating results; the Company's reliance on
advertising and marketing sales for a majority of its revenues;
failure to successfully develop, introduce, drive adoption of or
monetize new features and products; failure to compete effectively
for advertising and marketing spending; failure to develop the
small and medium enterprise market by the Company or through
cooperation with other parties, including Alibaba; failure to
successfully integrate acquired businesses; risks associated with
the Company's investments, including equity pick-up and impairment;
failure to compete successfully against new entrants and
established industry competitors; changes in the macro-economic
environment, including the depreciation of the Renminbi; and
adverse changes in economic and political policies of the PRC
government and its impact on the Chinese economy. Further
information regarding these and other risks is included in Weibo's
annual report on Form 20-F for the fiscal year ended December 31, 2015 filed with the SEC on
April 28, 2016 and other filings with
the SEC. All information provided in this press release is current
as of the date hereof, and Weibo assumes no obligation to update
such information, except as required under applicable law.
Contact:
Investor Relations
Weibo Corporation
Phone: +8610-5898 3017
Email: ir@staff.weibo.com
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SOURCE Weibo Corporation