Weibo's GAAP loss for 3 months of 2022 was CN¥72.401 million, compared to a profit of CN¥48.963 million in the previous year. Revenue rose 5.6% to CN¥484.622 million from CN¥458.896 million a year earlier.

Weibo's GAAP net income for 2021 was $411.877 million, up 30.9% from $314.597 million in the previous year. Revenue rose 33.6% to $2.257 billion from $1.69 billion a year earlier.

Weibo and its major shareholder Sina are offering 11 million shares of Class A common stock in an IPO on the Hong Kong Stock Exchange. Weibo and Sina each sell 5.5 million shares at HK$272.8 per share. Weibo shares will begin trading on the Hong Kong Stock Exchange on December 8, 2021, ticker 9898.

Weibo has received approval for a secondary listing on the Hong Kong Stock Exchange. The company has not yet specified the parameters of the offering. According to Reuters sources, the offering could amount to $700 million.