How Weibo ADR makes money

Period

FY2025

How does Weibo ADR make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Weibo Corporation American Depositary Share · FY2025 · year ended 2025-12-31

Revenue$1.8BGross profit$1.3B · 76%Cost of revenue$422M · 24%Operating income$465M · 26%Operating expenses$871M · 50%R&D$324M · 18%SG&A$56M · 3%Selling & marketing$490M · 28%Pre-tax income$594M · 34%Other income$129M · 7%Net income$449M · 26%Income tax$145M · 8%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.