Nomura lowers Weibo's target price to $10, indicating that the advertising business seems to have bottomed out

阿斯達克財經網
2025.05.23 02:42

野村發表研究報告指，微博-SW(09898.HK)(WB.US) 首季利潤勝預期，總收入 3.97 億美元按年持平，大致符合預期；non-GAAP 經營溢利升 3%，較市場預測高出 7%。至於次季指引則符合市場預期，當中，微博預期總收入按年持平，non-GAAP 經營溢利率介乎 33% 至 34%。

該行續表示，微博的廣告業務似乎已見底，但由於市場環境改變，長期前景仍不明朗。不過，微博管理層對廣告前景的看法略趨正面 (相較以往業績會議而言)，維持全年收入指引，預期全年度以人民幣計業務收入將温和增長。

該行對微博美股目標價由 11.2 美元下調至 10 美元，評級「中性」。

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