| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
Revenues: | ||||||
Advertising and marketing revenues | ||||||
Third parties | ||||||
780,545 | 428,275 | 207,657 | 129,644 | 96,976 | 51,049 | |
Total advertising and marketing revenues | ||||||
996,745 | 570,982 | 402,415 | 264,782 | 148,426 | 51,049 | |
Value-added services revenues | ||||||
153,309 | 84,818 | 75,476 | - | - | - | |
Other revenues | ||||||
- | - | - | 69,390 | 39,887 | 14,880 | |
Total revenues | ||||||
1,150,054 | 655,800 | 477,891 | 334,172 | 188,313 | 65,929 | |
Costs and Expenses | ||||||
Cost of revenues | ||||||
231,255 | 171,231 | 141,960 | 83,599 | 59,891 | 46,429 | |
Sales and marketing | ||||||
275,537 | 148,283 | 126,059 | 120,361 | 63,076 | 40,380 | |
Product development | ||||||
193,393 | 154,088 | 143,444 | 125,832 | 100,740 | 71,186 | |
General and administrative | ||||||
42,315 | 41,218 | 28,925 | 26,483 | 23,214 | 5,778 | |
Total costs and expenses | ||||||
742,500 | 514,820 | 440,388 | 356,275 | 246,921 | 163,773 | |
Income from operations | ||||||
407,554 | 140,980 | 37,503 | -22,103 | -58,608 | -97,844 | |
Income (loss) from equity method investments | ||||||
1,030 | -130 | -6 | -5 | -1,236 | -1,340 | |
Realized gain from investments | ||||||
14 | 534 | 944 | 481 | 397 | - | |
Investment related impairment | ||||||
4,747 | 40,161 | 8,005 | 2,521 | 2,526 | - | |
Remeasurement gain upon obtaining control (Note 6) | ||||||
- | - | - | - | 3,116 | - | |
Interest and other income, net | ||||||
13,260 | 8,757 | 6,344 | 6,780 | -2,871 | -4,853 | |
Change in fair value of investor option liability (Note 15) | ||||||
- | - | - | -46,972 | 21,064 | - | |
Income before income tax expenses | ||||||
417,111 | 109,980 | 36,780 | -64,340 | -40,664 | -104,037 | |
Provision of income taxes | ||||||
66,746 | 4,316 | 2,591 | 1,128 | 271 | -1,551 | |
Net income | ||||||
350,365 | 105,664 | 34,189 | -65,468 | -40,935 | -102,486 | |
Less: Net loss attributable to non-controlling interests | ||||||
-2,225 | -2,363 | -556 | -143 | -1,145 | - | |
Net income attributable to Weibo | ||||||
352,590 | 108,027 | 34,745 | -65,325 | -39,790 | -102,486 | |
Other comprehensive income (loss) | ||||||
Currency translation adjustments (net of tax of nil, nil, and nil for 2015, 2016 and 2017, respectively) | ||||||
37,822 | -18,898 | -7,874 | -1,450 | -174 | 18 | |
Available-for-Sale securities | ||||||
Change in unrealized loss from available-for-sale securities (net of tax of nil, nil, and nil for 2015, 2016, and 2017, respectively) | ||||||
-995 | -2,557 | -198 | -2,067 | - | - | |
Reclassification adjustment for net loss included in net income (net of tax of nil, nil, and nil for 2015, 2016, and 2017, respectively) | ||||||
- | -4,822 | - | - | - | - | |
Net change, net of tax | ||||||
-995 | 2,265 | -198 | -2,067 | - | - | |
Total comprehensive income | ||||||
387,192 | 89,031 | 26,117 | -68,985 | -41,109 | -102,468 | |
Less: Comprehensive loss attributable to non-controlling interests | ||||||
-1,926 | -2,637 | -829 | -366 | -888 | - | |
Comprehensive income attributable to Weibo | ||||||
389,118 | 91,668 | 26,946 | -68,619 | -40,221 | -102,468 | |
Shares used in computing net income per share attributable to Weibo: | ||||||
Basic (in shares) | ||||||
220,555 | 214,745 | 208,163 | 186,878 | 146,820 | 140,831 | |
Diluted (in shares) | ||||||
225,363 | 222,859 | 217,918 | 186,878 | 146,820 | 140,831 | |
Income per share: | ||||||
Basic (in dollars per share) | ||||||
1.60 | 0.50 | 0.17 | -0.35 | -0.27 | -0.73 | |
Diluted (in dollars per share) | ||||||
1.56 | 0.48 | 0.16 | -0.35 | -0.27 | -0.73 | |