CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands |
12 Months Ended |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
| Revenues: |
|
|
|
| Revenues |
$ 2,257,083
|
$ 1,689,931
|
$ 1,766,914
|
| Costs and Expenses |
|
|
|
| Cost of revenues |
403,841
|
302,180
|
328,826
|
| Sales and marketing |
591,682
|
455,619
|
465,339
|
| Product development |
430,673
|
324,110
|
284,444
|
| General and administrative |
133,475
|
101,224
|
90,721
|
| Total costs and expenses |
1,559,671
|
1,183,133
|
1,169,330
|
| Income from operations |
697,412
|
506,798
|
597,584
|
| Income (loss) from equity method investments |
14,217
|
10,434
|
(13,198)
|
| Realized gain from investments |
3,243
|
2,153
|
612
|
| Fair value changes through earnings on investments, net |
(72,787)
|
35,115
|
207,438
|
| Investment-related impairment |
(106,800)
|
(211,985)
|
(249,935)
|
| Interest income |
77,280
|
85,829
|
85,386
|
| Interest expense |
(71,006)
|
(57,428)
|
(29,896)
|
| Other income, net |
9,159
|
4,997
|
4,406
|
| Income before income tax expenses |
550,718
|
375,913
|
602,397
|
| Less: income tax expenses |
138,841
|
61,316
|
109,564
|
| Net income |
411,877
|
314,597
|
492,833
|
| Less: Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests |
(16,442)
|
1,233
|
(1,842)
|
| Net income attributable to Weibo's shareholders |
428,319
|
313,364
|
494,675
|
| Other comprehensive income |
|
|
|
| Currency translation adjustments (for which there were no taxes) |
78,196
|
148,547
|
(19,029)
|
| Total comprehensive income |
490,073
|
463,144
|
473,804
|
| Less: comprehensive income (loss) attributable to non-controlling interests and redeemable non-controlling interests |
(15,652)
|
1,695
|
(1,927)
|
| Comprehensive income attributable to Weibo's shareholders |
$ 505,725
|
$ 461,449
|
$ 475,731
|
| Shares used in computing net income per share attributable to Weibo's shareholders: |
|
|
|
| Basic (in shares) |
228,814
|
226,921
|
225,452
|
| Diluted (in shares) |
230,206
|
227,637
|
226,412
|
| Income per share: |
|
|
|
| Basic (in dollars per share) |
$ 1.87
|
$ 1.38
|
$ 2.19
|
| Diluted (in dollars per share) |
$ 1.86
|
$ 1.38
|
$ 2.18
|
| Advertising & Marketing |
|
|
|
| Revenues: |
|
|
|
| Revenues |
$ 1,980,795
|
$ 1,486,155
|
$ 1,530,211
|
| Value-added services |
|
|
|
| Revenues: |
|
|
|
| Revenues |
276,288
|
203,776
|
236,703
|
| Alibaba | Advertising & Marketing |
|
|
|
| Revenues: |
|
|
|
| Revenues |
181,241
|
188,597
|
97,772
|
| SINA | Advertising & Marketing |
|
|
|
| Revenues: |
|
|
|
| Revenues |
96,359
|
48,353
|
112,974
|
| Other related parties | Advertising & Marketing |
|
|
|
| Revenues: |
|
|
|
| Revenues |
69,953
|
46,493
|
117,028
|
| Third parties | Advertising & Marketing |
|
|
|
| Revenues: |
|
|
|
| Revenues |
$ 1,633,242
|
$ 1,202,712
|
$ 1,202,437
|