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The Latest Breaking News from WB

Nexstar Nears Deal To Snap Majority Control In CW Network: WSJ

Nexstar Media Group, Inc (NASDAQ:NXST) is on the verge of acquiring majority control of the CW Network from Warner Bros. Discovery, Inc (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA), the Wall Street Journal reports. The leading owner of local television stations would acquire 75% of the CW, a broadcast network aimed primarily at teens and young adults, with…

Weibo Shares Gain On Q1 Beat Aided By User Base, Traffic

Weibo Shares Gain On Q1 Beat Aided By User Base, Traffic

Weibo Corp (NASDAQ:WB) reported first-quarter FY22 revenue growth of 6% year-on-year to $484.6 million, beating the consensus of $473.98 million. Revenue grew 3% Y/Y on a CC basis. Segments: Weibo's Advertising and marketing revenues rose 10% Y/Y to $427.1 million. Value-added service (VAS) revenues decreased 17% Y/Y to $57.5 million. Drivers: Monthly active users (MAUs)…

'Multiversus' alpha and beta sign up, start dates, characters, and platforms

'Multiversus' alpha and beta sign up, start dates, characters, and platforms

Eager players can get their hands on Multiversus early with a closed alpha and open beta. Here's everything you need to know for the WB Smash Bros. clone.

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SEC Adds Weibo To Its Provisional List Under Holding Foreign Companies Accountable Act

The SEC added the Chinese social media platform Weibo Corp (NASDAQ:WB) to its provisional list of companies identified under the Holding Foreign Companies Accountable Act. The SEC is required to identify public companies that have retained a public accounting firm to issue an audit report where the firm has a branch or office…

Alibaba Affiliate Ant Financial Divests Entire Stake In 36KR Holdings

Jack Ma's Ant Group Co divested its entire stake in the tech news firm 36KR Holdings Inc (NASDAQ:KRKR), Bloomberg reports. The Alibaba Group Holding Ltd (NYSE:BABA) affiliate looked to comply with Chinese regulators by the move. Ant held an 18% stake in 36KR as of early 2021. Also Read: DiDi Had To Postpone Its IPO After Jack…

Weibo Tops Q4 Backed By User Engagement; Clocks 20% Revenue Growth

Weibo Corp (NASDAQ:WB) reported fourth-quarter FY21 revenue growth of 20% year-on-year to $616.3 million, beating the consensus of $607.8 million. Segments: Weibo's Advertising and marketing revenues rose 21% Y/Y to $550.8 million. Value-added service (VAS) revenues grew 9% Y/Y to $65.5 million. Drivers: Monthly active users (MAUs) increased by 52 million Y/Y to 573 million…

2 Chinese Tech Stocks to Consider Adding to Your Portfolio

China’s tech sector’s earnings estimates have been revised, and the targets reflect robust returns. Furthermore, the Chinese tech giants are investing in the metaverse, which is gaining traction, thereby creating opportunities. Hence, we think the China-based tech stock NetEase (NTES), and Weibo (WB) might be solid bets now. Read on.

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Here's Why Bilibili Shares Are Trading Higher Today

Here's Why Bilibili Shares Are Trading Higher Today

Alibaba Group Holding Ltd (NYSE:BABA) backed Bilibili Inc (NASDAQ:BILI) is looking to hire 1,000 new content moderators and more closely monitor the health of its workers, Reuters reports. China's leading video platform came under scrutiny after the death of an employee prompted accusations that it was overworking its staff. A user on the microblogging…

3 Chinese Stocks to Consider After China Cuts Rates: NetEase, FinVolution, and Weibo

3 Chinese Stocks to Consider After China Cuts Rates: NetEase, FinVolution, and Weibo

China’s central bank recently cut its one-year loan prime rate amid concerns about a recession. This precipitated a rally in Asia-Pacific stocks. Moreover, due to the central bank’s policy easing, the Chinese economy is expected to rebound this year. Hence, we think fundamentally sound Chinese stocks NetEase (NTES), Weibo (WB),…

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