Weibo Corporation
WB Communication Services Internet Content & Information
Weibo Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 2.03%, EPS fell 47.2%, free cash flow grew 231.8% and total debt rose 66.8%, each against the same quarter a year earlier.
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Weibo Corporation (WB) Altman Z-score
Weibo Corporation's Altman Z-score for fiscal 2025 is 1.86, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.86 | (0.07) |
| FY2024 | 1.94 | 0.21 |
| FY2023 | 1.73 | (0.43) |
| FY2022 | 2.16 | (0.33) |
| FY2021 | 2.48 | (0.71) |
| FY2020 | 3.19 | (1.13) |
| FY2019 | 4.33 | (2.93) |
| FY2018 | 7.26 | (4.54) |
| FY2017 | 11.81 | (8.09) |
| FY2016 | 19.89 | 7.74 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.36 | — | 0.43 | |
| Retained earnings / total assets | 0.36 | — | 0.50 | |
| EBIT / total assets | 0.07 | — | 0.22 | |
| Market value of equity / total liabilities | 0.78 | — | 0.47 | |
| Sales / total assets | 0.25 | — | 0.25 | |
| Altman Z-score | Grey zone | 1.86 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.28 | ||
Z and Z″ put Weibo Corporation in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| EVER EverQuote, Inc. compare | 9.6× |
| NXDR Nextdoor Holdings, Inc. compare | 7.2× |
| YELP Yelp Inc. compare | 5.4× |
| PGRU PropertyGuru Group Limited compare | 3.7× |
| UPWK Upwork Inc. compare | 3.6× |
| WBTN WEBTOON Entertainment Inc. compare | 3.0× |
| TBLA Taboola.com Ltd. compare | 2.4× |
| WB Weibo Corporation | 1.9× |
| BMBL Bumble Inc. compare | −2.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets