Weibo Corp. (NASDAQ:WB) stock fell Thursday after the Chinese social media company reported mixed first-quarter 2026 results, as revenue topped Wall Street estimates but earnings missed expectations.

Revenue Tops Estimates, EPS Misses

Weibo reported first-quarter revenue of $421.3 million, up 6% from a year earlier and above the analyst consensus estimate of $417.9 million. On a constant-currency basis, revenue increased 1% year over year.

Adjusted earnings came in at 34 cents per share, missing analyst expectations of 36 cents per share.

Advertising and marketing revenue rose 9% year over year to $369.8 million, driven by favorable foreign-exchange impacts and stronger advertising demand from sectors including internet services, automobiles and local services.

Advertising and marketing revenue excluding contributions from Alibaba Group Holding Ltd. (NYSE:BABA) increased 10% ...