U.S. Stocks Move: Weibo falls over 1% pre-market as Bank of America lowers its 2026 revenue growth forecast

Glonghui June 3rd｜Weibo (WB.US) is down 1.37% pre-market, at $7.92. According to reports, a certain exchange recently stated that Weibo's first-quarter results were roughly in line with expectations, with advertising revenue growth rebounding. Revenue increased by 6% year-on-year to $421 million, meeting the market expectation of $418 million. Advertising revenue grew 9% year-on-year, mainly driven by internet services, local life, and the automotive vertical. Non-GAAP net profit was $92 million, a 14% year-on-year decline, in line with the market expectation of $89 million. Due to weak advertising spending trends, the bank has lowered Weibo's 2026 revenue growth forecast to a 4% year-on-year increase and cut its adjusted net profit forecast to a 14% year-on-year decline. (Glonghui)