Weibo Corporation (WB) Q1 2023 Earnings Call Transcript

Weibo Corporation (NASDAQ:WB) Q1 2023 Earnings Conference Call May 25, 2023 7:00 AM ET

Company Participants

Sandra Zhang - Investor Relations

Gaofei Wang - Chief Executive Officer

Fei Cao - Chief Financial Officer

Conference Call Participants

Alicia Yap - Citigroup

Thomas Chong - Jefferies

Operator

Good day and thank you for standing by. Welcome to the Weibo Reports First Quarter 2023 Financial Results. [Operator Instructions] Please be advised, today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Sandra Zhang, Investor Relations. Please go ahead.

Sandra Zhang

Thank you, operator. Welcome to Weibo's first quarter 2023 earnings conference call. Joining me today are our Chief Executive Officer, Gaofei Wang; and our Chief Financial Officer, Fei Cao. The conference call is also being broadcasted on the Internet and is available through our IR website.

Before the management remarks, I would like to read you the safe harbor statement in connection with today's conference call. During today's conference call, we may make forward-looking statements, statements that are not historical facts, including statements of our beliefs and expectations. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Weibo assumes no obligation to update forward-looking statements in this conference call and elsewhere. Information regarding this and other risks is included in Weibo's annual report on Form 20-F and other filings with the SEC. All the information provided in this press release is occurring as of today's period. Weibo assumes no obligation to update such information, except as required under applicable law. Additionally, I would like to remind you that our discussion today includes certain non-GAAP measures which excludes self-based compensation and certain other expenses. We use non-GAAP financial measures to gain a better understanding of Weibo's comparative operating performance and the future prospects. Our non-GAAP financials exclude certain expenses, gains or losses and other items that are not expected to result in future cash payments, while nonrecurring in nature, were not indicative of our core operating results and outlook. Please refer to our press release for more information about our non-GAAP measures. Following management's prepared remarks, we'll open the line for a brief Q&A session.

With this, I would like to turn the call over to our CEO, Gaofei Wang.

Gaofei Wang