Q3 2024 Weibo Corp Earnings Call

After the speaker's presentation, there will be a question and answer session to ask a question. During the session you will need to press star one one on your telephone you will then hear an automated message advice in there hundreds raced to withdraw your question. Please press star one one again, please be advised that today's conference is being recorded.

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

Thank you operator, welcome to Weibo's third quarter 2020 before earnings Conference call. Joining me today are chief Executive officer of coffee wall.

<unk> Financial Officer female the conference call is also being broadcast on the Internet and is available through live with 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.

Please send you back patients 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 the forward looking statement in this conference call and elsewhere further information regarding these 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 date hereof 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 stock based compensation and certain other expenses.

We use non-GAAP financial measures to gain a better understanding of Weibo's comparative operating performance and future prospects.

non-GAAP financials exclude certain expenses gains or losses and other items that are not expected to result in future cash payments or are nonrecurring in nature or are not indicative of our core operating results and outlook. Please.

Please refer to our press release for more information about our non-GAAP measures.

Speaker Change: So you mentioned in prepared remarks, we will open the lines for a brief Q&A session with this I would like to turn the call over to our CEO coffee law.

Speaker Change: Sure.

Speaker Change: Framed by Dr. Toni <unk>.

Speaker Change: Thank you Hello, everyone welcome to <unk> earnings Conference call.

Speaker Change: This is an awkward announcements which are coming to you.

Speaker Change: Today, I will share with you highlighting weibo's product monetization in the third quarter of 2020 for.

Speaker Change: Funeral volume due to some degree more jewelry without them.

Speaker Change: Bacci.

Speaker Change: On the arm G with LIBOR.

Speaker Change: Philadelphia and Chicago.

Speaker Change: Traditional Colorado.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: She began.

Speaker Change: So again all in the bedroom.

Speaker Change: I'm going to do.

Speaker Change: Sure.

Speaker Change: On the user front in September Weibo's Emmys, you've reached approximately $587 million and the average da use reached approximately 257 million. This improvement is partly due to the adjustment in the user acquisition and growth strategy. This year with a focus on attracting higher higher quality.

Speaker Change: This week to optimize the channel strategies. Additionally, our product operation had put prioritize enhancing user engagement and retention on the platform combined with the boost from the Olympics. This efforts have led to an increase in the overall U verse, if any ratio year over year five of them in such a new thing.

Speaker Change: Yeah.

Speaker Change: Oh, okay.

Speaker Change: You're doing to improve member countries.

Sudan.

Speaker Change: Yes.

You don't go from there.

Speaker Change: Uh huh.

Speaker Change: So as usual I'm sure it was your own budget chromium.

So our press release for more information.

Speaker Change: Yeah.

Speaker Change: Subject of course to China, or you haven't even thought of them either.

Our non-GAAP measures.

Speaker Change: Hello, you mentioned in prepared remarks, we will open the lines for a brief Q&A session with this I would like to turn the call over to our CEO coffee Walsh.

And it's all about uncertainty.

Speaker Change: On the monetization front driven by our enhanced marketing competitor thinks in key industries, the positive impact from Olympic Hot trends as well as the strong momentum of the value added service Weibo's total revenue in the third quarter reached $464 $5 million up 5% year over year.

Can you frame that up in the outboard.

coffee Walsh: Thank you Hello, everyone welcome to <unk> earnings Conference call.

coffee Walsh: Hello, operator to announce on that front.

coffee Walsh: What can be achieved.

coffee Walsh: Today, I will share with you highlights in Weibo's product monetization in the third quarter of 2024 fuel volume is essentially more.

Speaker Change: Of which our revenue reached $398 6 million U S dollars up 2% year over year, and that's revenue reached $65 $9 million up 25% year over year, our non-GAAP operating margin operating income reached $164 5 million U S dollar representing a non.

Speaker Change: Do you agree with that over there.

Speaker Change: Can you agree with that.

Speaker Change: She will enable DNA.

To ensure the pseudo progression program, which is yet.

non-GAAP operating margins of 35%.

Speaker Change: You haven't seen that.

Speaker Change: Again I'll use the term.

Speaker Change: With judicious about how we want them to do something here in Kushan.

Speaker Change: <unk> melanoma.

Speaker Change: Sure.

Speaker Change: Next let me share with you our progress made and proud of the monetization this quarter.

On the user from September levels.

Speaker Change: Have you reached a hockey nearly $587 million and the average deal is reached approximately $257 million. This improved partly due to the adjustment when they get that equation of course strategy. This year.

Speaker Change: But you don't want them to emerging in tribute you shouldn't be kosher dominate all of them.

Speaker Change: He will be with us Jim, possibly a little turnaround you're going to go to them goofing off with US I mean you.

Speaker Change: You don't you don't.

Speaker Change: With a focus on attracting higher higher quality users click.

Speaker Change: Loosen some degree when we talk about when he said that you are enjoying it moves without the new shortly.

Speaker Change: To optimize the channel strategy. Additionally, our part of operation.

Speaker Change: No clue, who grandma's argue to them from here on the channel front. We're continuing to me has the display of Weibo's hot trend and social content in key positions all kinds of devices and improve their targeted reach and content consumption experience of high quality users in collaboration with 90 factories.

Speaker Change: I always hide that enhancing user engagement and retention on the platform combined with the boost from the Olympics. These efforts have led to an increase in the overall deal with it.

Speaker Change: Annual ratio year over year.

Speaker Change: Thank you very much.

Speaker Change: Yeah.

Speaker Change: Sure.

Speaker Change: To enhance the engagement and retention of channel use it in the third quarter, we partner with handset manufacturers too.

Speaker Change: The ability of our treatments.

Speaker Change: We will send you something.

Speaker Change: So that used to be.

Speaker Change: Total volumes.

Speaker Change: Particularly increase user reach and a coffee consumption of Olympics related culture and as a result, the average day use from that these channels represent a double digit growth compared to the second quarter.

Speaker Change: Valerie.

Speaker Change: Uh huh.

Speaker Change: On the Ocean.

Speaker Change: There is no metric Remy.

Speaker Change: Yes.

Speaker Change: Central costs were China on EMEA.

Speaker Change: Yes.

Speaker Change: One of them she was on mute.

Speaker Change: Seven.

On the monetization front.

Speaker Change: Yeah.

Speaker Change: Moving.

Speaker Change: If you didn't buy out enhanced marketing competitive.

Speaker Change: Question, who will touch on shortly.

Speaker Change: Industry, the profit impact from oriented culture as well as the Gulf.

Speaker Change: Before me too cheap.

Speaker Change: So how to use use Nielsen book, which is now complete.

Speaker Change: Momentum of the value added services with a total revenue in the third quarter reached $464 $5 million.

Speaker Change: So as usual.

Speaker Change: So I don't know Gartner Gwen job, you've done in Oakland and gotten an ankle Oklahoma.

Speaker Change: 5% year over year of which <unk> AD revenue reached $398 6 million up 2% year over year, and that's revenue reached $65 $9 million up 25% year over year, our non-GAAP operating update.

Speaker Change: Who do you who don't telephone PMI was pneumonia.

Speaker Change: Recently, one of whom now I'm going to your phone.

Speaker Change: T y.

Speaker Change: But it's not huge.

Speaker Change: We're going to watch a movie sometimes you put them she won't grow anymore.

Speaker Change: Operating income grew $164 5 million U S dollar representing a non-GAAP operating margin.

Speaker Change: He didn't know winning bogey.

Speaker Change: Hum.

Speaker Change: 35%.

Speaker Change: Hum.

Speaker Change: Would you take on that.

Speaker Change: Good evening.

Speaker Change: Uh-huh Kushan.

Speaker Change: I mean, she whomever.

Speaker Change: Yeah.

Speaker Change: When could you know on which you can call me.

Speaker Change: Now, let me share with you our progress made it part of monetization in the third quarter.

Speaker Change: On social attributes in the in the third quarter or information fee products, we're continuing to look with high quality content consumption for both relationship based and interest based feed aiming to improve user social interaction on land now between the summer vacation and other people related culture in fact, we.

Speaker Change: No comment.

Speaker Change: Regionally, where you are there.

Speaker Change: Jim.

Speaker Change: Crucially, an ultrasound and we got some good deals without something.

Speaker Change: Yes.

Speaker Change: You don't you don't.

Speaker Change: When we talk about 20, <unk> ongoing improvements without the data shortly.

Speaker Change: He has a vertical interest based content distribution and instant recommendation feedback catering to the personalized content consumption needs of various uses spooked on the other hand reduce the exposure of account and content with high quality relationship and the interaction aiming to promote user interaction and E.

Speaker Change: Got it and then hopefully we can argue with me.

Speaker Change: On the telephone.

Speaker Change: The company currently has a play of wavelets culture, and social content keeps conditions handset devices and improve their talking to reach and content consumption of high quality.

Speaker Change: If you use it in collaboration with manufacturers.

Social stickney.

Speaker Change: As a result, the total interaction on the phone page increased by double digits quarter over quarter and Meanwhile, we further improved our gross paso user generated content on weibo, but analyzing user profile interest residency of carbon generation and it and other characteristics we provided personalized.

Speaker Change: Yes, the engagement retention of channel you said.

Speaker Change: We partnered with handset manufacturers.

Speaker Change: Particularly increased user reach and a coffee consumption of Olympics related culture, and as a result, the everyday use from that these channels represent double digit compared to cause that.

Speaker Change: <unk> and tips on the content generation and encourage content sharing and help users with continuous content generation to gain traffic and accumulate fat.

Speaker Change: There's no question.

Thank you Nancy.

Speaker Change: In a moment.

Speaker Change: Once you could touch on those.

Speaker Change: Michelle history.

Speaker Change: If I'm here to see volumes really shine.

Speaker Change: In the third quarter, the number of users will generate UGC increased by 8% quarter over quarter, while the number of relationships.

Speaker Change: I'll have to issues and opportunities.

Speaker Change: Yep.

Speaker Change: <unk>.

Speaker Change: So we see.

Speaker Change: Ultimately users rose double digits quarter over quarter.

Speaker Change: Southern will garner quintile Ethan.

Speaker Change: Then they also put a poignant Sunday everybody. All includes you bump when 20th publish secondarily nonusers shabu besides exiting from.

Speaker Change: The main components.

Speaker Change: <unk>.

Speaker Change: Tony.

Speaker Change: So recently, one of whom now.

Uh huh.

Speaker Change: <unk>.

Speaker Change: I'm sure that we used to my future.

Speaker Change: But it's not huge.

Speaker Change: Oh My God.

Speaker Change: Two questions.

Speaker Change: And then just sort of prudent to homegoods.

Speaker Change: I told her that she would Toby schilke harping on the hill that teams are working on it.

Judy: Judy opening.

Speaker Change: On the accounting system.

Judy: Okay.

Speaker Change: This quarter, we fully leverage the marketing advantages of Olympic related hotshot amplifier that influence of LIBOR sports IP.

Judy: Sure.

Judy: Sundar.

Judy: 200 <unk>.

Judy: So Amit Kumar.

Judy: When could you know Omnichannel commerce.

While we strengthen content of attrition across entertainment digital automated and gaming verticals.

Judy: Oh sure.

In the third quarter or negotiated.

Judy: We continue to look at high quality.

Speaker Change: Every opportunity to create top trending up trending topics on our platform and strengthen weibo's user mindset and competitive at Hudson marketing.

Judy: But both relationships.

Judy: And interest based feed aimed to improve user social interaction.

Lance: Lance rather due to summer vacation and all.

Speaker Change: Yeah.

Lance: Related to that.

You know nobody will increase hemoglobin colton.

Speaker Change: When he has what he called interest based content distribution and instant recommendations feedback between through the personalized content consumption needs of Debbie spoke on the other hand reduce exposure.

Speaker Change: Thank you.

Speaker Change: So in two leading printer impact union, 20% of Shanghai.

Speaker Change: Two if you remember younger siblings.

Speaker Change: Bobby on original cost.

Speaker Change: Content with high quality relationships and interactions and to promote user interaction and he has total thickness.

Jim: This is Jim.

Jim: Please proceed with your teeth myself.

Jim: But we've got to show people essentially have to go to.

Speaker Change: Without the total interaction on a stumpage increased by double digits quarter over quarter and Meanwhile, we further improved our gross past.

On page two.

Jim: We believe.

Sure George.

Speaker Change: User generated content on Weibo, but.

Jim: Listen to reach them.

Speaker Change: Analyzing user profile interests rapidly carbon generation and and other characteristics, we provided personal lines.

Jim: Okay.

Jim: Yes, you.

Jim: Shifting to infusion centers as people, who got me.

Jim: Public auctions will go this year.

Speaker Change: And takes on the carbon generation.

Julian.

Speaker Change: Courage carbon sharing and help users.

Jim: So Tony I appreciate it.

Sure she Jim.

Speaker Change: On the generation two in traffic and accumulate in.

Jim: Jim do whatever you need.

Jim: General symptoms human tend on the 10th.

Speaker Change: In the third quarter, the number of users will generate huge.

Jim: She is too good you haven't seen that.

Speaker Change: Increased by 8% quarter over quarter, while the number of relationships.

Jim: Okay.

Jim: You kind of a shuttling equaled two unions you have the option to.

Speaker Change: Among ordinary user rose double digits quarter over quarter.

Who do you compete with Turkey.

Speaker Change: Good to hear.

Speaker Change: Financial performance Sunday the robot.

Speaker Change: I know you said.

Jim.

120 of focus secondarily.

Speaker Change: Sure.

Speaker Change: Commercial court opinions and Archie.

Thanks Gene.

Speaker Change: He is offshore that we used for <unk> future.

Speaker Change: Got it okay.

Speaker Change: Liam.

The toolbox sooner some attrition issue.

Speaker Change: But unfortunately, we live in.

Speaker Change: Sure.

Speaker Change: The solution to that.

Don: This is Don.

Gotcha.

Don: This year, the Paris Olympic games capture extensive user attention and discussion we will actively engage media accounts to generate content and lead the discussion around Olympic games with spending the whole tranche from potential Golden medal game to go meadows athletes.

Speaker Change: Tony.

Speaker Change: Okay.

Speaker Change: Uh huh.

Speaker Change: On the content ecosystem.

Speaker Change: Third quarter average.

Speaker Change: The marketing advantages.

Speaker Change: Olympic related culture amplify user input.

Key key key sporting events, which helped boost the Hudson Tropic and elevate the Olympic games.

Speaker Change: Sports IP.

Speaker Change: Meanwhile, Janssen content.

Speaker Change: <unk> across entertainment digital automated.

Don: Impact the Olympic related topic on Weibo surpassed 400 billion views with total user discussion over 400 million. Meanwhile, we continue to improve the monetization efficiency of wholesale.

Speaker Change: And gaming verticals seizing every opportunity to create option b obtaining habits on our platform and strengthen weibo's Ms Martha and competitive.

Speaker Change: Market.

Don: Revenue from the Paris Olympic that's a historical high for Weibo's event, they still to come.

Jimmy: Jimmy anybody on crude.

Jimmy: Okay.

Don: Anything surpassing that of the Tokyo Olympics LIBOR remains deployment social platform for Chinese athlete.

Jimmy: Thank you.

Jimmy: Understood.

Jimmy: Total year impact.

Jimmy: So instead of Shanghai.

Don: With 93% of the Chinese Olympic delegation open their weibo accounts, and we believe the only social platform with all the Chinese gold medalist had opening uncapped athletes sure there are competition record and insights and videos for tax and image.

Jimmy: So if you hear Linda.

Jimmy: By geography, our JV partner <unk>.

Okay.

Michelle.

Jimmy: Great.

Jimmy: Got you.

Jimmy: Two new language solutions too.

Jimmy: We believe for even for the operator to delete towards the balance sheet.

Don: LIBOR and their average daily pose significant at all all number there daily posts on the other platform during the Paris Olympics.

Jimmy: Sure.

Jimmy: Okay.

Jimmy: Sure.

Jimmy: Aviva shifted between Tioga.

Don: The number of their fan doubled compared to that helps Julian the Tokyo Olympics sugar at the games, we witness not only the outstanding achievement of the Chinese team, but also the outstanding sports competition skills and the massive influence across platform of Chinese tough as it like.

Jimmy: Thanks.

Jimmy: Comprehensive income this year.

Jimmy: Julian.

Jimmy: Thank you.

Jimmy: Yes.

Jimmy: Sure.

Jimmy: But in general.

Jimmy: I mean <unk>.

Jimmy: So the generation containment.

Jimmy: The Louisiana shelter.

Jimmy: Ladies and gentlemen.

Jimmy: Economists should all equal to <unk> <unk>.

Don: Junk tingling pins out look at the Sun Avengers endgame.

Jimmy: To begin with on page 13.

Jimmy: <unk>.

Don: Well as in classic performance of the younger athlete born born in the <unk> in.

Jimmy: Daniel.

In.

Jimmy: Julian.

Jimmy: Traditional companies.

Don: In the 22 2000 and over the past four years from the Tokyo Olympics ulcer.

Jimmy: Social web two <unk>.

Jimmy: The controller.

Jimmy: Sure.

Jimmy: The current environment.

The baking Winter Olympics and now the parents the Olympics, we have continuously refined our operation strategy of event, driven hotshot and improve our operation of the actually fan ecosystem, achieving a year over year increase of active users.

Jimmy: Okay.

Jimmy: As you do that.

Jimmy: Thank you very.

Jimmy: <unk>.

Jimmy: Okay.

Jimmy: This year.

Jimmy: R&D is captured.

Jimmy: We will actively.

Don: Sport vertical and a more diverse sports content ecosystem.

Jimmy: Two generally often especially.

Jimmy: Especially around the Olympic games defending the Hotrod from potential gold medal at a payment to meadows.

Don: The perspective of monetization, we have progressed the fleet over overcome the limitations of event basis sales achieving significant revenue growth.

Jimmy: Key key sporting events, which helped boost the hutch on Capex and <unk>.

Don: This achievement has reinforced our confidence in the development of sleep with sports content ecosystem in the long run.

Jimmy: Elevate the OMB.

Jimmy: It impacts the Olympic related harping on Weibo surpassed 400 billing days.

Friendship.

Jimmy: Total user discussion over $400 million. Meanwhile, we continue to improve the monetization efficiency propulsion.

Don: We'll send you to lose two months when she comes in.

Don: Yeah.

Don: In Poland.

Don: We can easily change if we wish you don't switch it on things right off with them.

Jimmy: Revenue from the parent the Olympics.

Jimmy: Historical high but labor, even batesville significant housing data the Tokyo Olympics, we will remain the primary social platform for Chinese athletes.

Don: So Julie Dang pharma Togo shortly.

Don: Should we need to implement them.

Tony: Tony you want to talk about around the RF.

Jimmy: 93% of the Chinese Olympic delegation open daily will account and the labeling the only social platforms.

To assure people calling on them.

Tony: Okay.

Tony: Uh huh.

My T V.

Jimmy: All the Chinese gold medalist had opening accounts.

Tony: Don't you want me to XT.

Tony: Whereas when should you not asking G. R O.

The nature of competition with us.

Jimmy: The new site leader or tax and image a label and their average daily call significant at all.

Tony: Sure.

Tony: Yes.

<unk> been researching cookie easy to who makes sure that conjecture.

Jimmy: None of our daily posts on the Abacus platform during the Paris Olympics.

Tony: Cool.

Tony: Okay.

Tony: That's the entire the entire country Chu for the Olympics numerous culture and emerged in the entertainment Entertainment digital and gaming verticals in the third quarter, but.

Jimmy: The total number of.

Jimmy: Doubled compared to that Julien Tokyo Olympics.

Jimmy: Again, we witness not only the outstanding achievement of the Chinese team, but also the outstanding sports competition skills at a massive influence across platforms.

Tony: Sparking extensive discussions.

Tony: Example, the entertainment vertical we enhanced collab collaborations with the newly returned to comedy variety shows and summer movies, leveraging weibo's strength and driving up discussion.

Jimmy: Chinese crop as it like a junkie.

John Kingman: John Kingman.

John Kingman: No.

John Kingman: Thanks.

Tony: Helped boost the popularity and the reputation of production like the movie successes and a variety show standup comedy 2024, as a result, the full entertainment working this quarter that discussion increased over 20% of both year over year and quarter over quarter in the digital vertical Apple.

John Kingman: As well as increased performance bunker athlete.

John Kingman: Gordon.

In the 22.

John Kingman: Over the past four years from the Tokyo Olympics.

John Kingman: And through the ATM.

John Kingman: And now the parents.

John Kingman: We continuously refine our operations.

Bobby: Bobby the two major handset manufacturers, both launched a new product on September 10th which became the focal point of industry discussions in the third quarter. We bought together with two handset manufacturers engaged engaged with several of our pet tack inflow answer to Spirit River.

John Kingman: <unk> of that JV, how churn and <unk>.

John Kingman: Improve our operation of the athlete ecosystem, achieving a year over year increase of active users.

John Kingman: Core vertical and a more diverse what's called an ecosystem.

John Kingman: Pretty static or monetization, we have progressively over overcome the limitations.

Bobby: And post confident around the new products, providing users with timely and professional appraisal on LIBOR on that day for those models together, while they treat those my mate X P and Apple's iPhone, 16th the related content viewership and discussion surpassed 2 billion and $1.

John Kingman: So achieving significant revenue growth.

John Kingman: This achievement has reinforced our confidence in the development of sports content ecosystem in Nevada.

Speaker Change: Thanks, Jim.

Speaker Change: Essentially the way instrument.

Speaker Change: You bet.

Bobby: One 7 million times, respectively. This further demonstrates the stability and the value we create in our business partnerships with advertisers in the long run while we built the content ecosystem together, we saw clients the mobile and the mobile manufacturers.

Speaker Change: Okay.

Speaker Change: Good evening.

Speaker Change: So shocking.

Speaker Change: So truly game.

Speaker Change: Sure Julien.

Speaker Change: Yes.

Speaker Change: When we go into them now.

Thank you <unk>.

Speaker Change: Okay.

Bobby: Rishi.

Speaker Change: Good morning.

Bobby: <unk>.

Speaker Change: Alright.

I'm not too sure Luke Montgomery from from.

Speaker Change: Sure.

Bobby: To me, it's not somewhere but I don't think so.

Speaker Change: Yes.

Bobby: Sure.

Regina: It's Regina.

Speaker Change: I thought you guys, what skus won't come to be.

Speaker Change: She wishes pocketbook.

Speaker Change: You show him don't him.

Speaker Change: But when do you do you have into the book.

Speaker Change: The timing of shoes on wood hardwood or.

Speaker Change: So.

I mean, we you shouldn't windows, Judy if I went out and got nothing.

Speaker Change: But if you don't have ptosis.

Speaker Change: Some of them about who should.

Speaker Change: Oh My God you.

Speaker Change: Don't give you a chance to shop.

Yoshi the confusion.

Speaker Change: And how should we deal with Samsung.

In the third quarter, the scale and engagement Oxycodone and always verify counts in the gaming vertical continue the growth with the number of such Kols doubled year over year and their average daily posts increasing by more than twofold.

Speaker Change: Gross further boost our user engagement among going vertical on Weibo and in turn supported our partnership with China.

Speaker Change: A title blacksmith quote would be before its new games released all on launch day of August 1st we bought really that which is crossfield threat engaging third 13th Gordon and orange varies by accounts across various interests verticals, including media digital how chili's.

To put it we bought together with two handset manufacturers.

Speaker Change: <unk> engaged with several.

coffee Walsh: Tech Influencers to.

coffee Walsh: We view and protocols.

coffee Walsh: Scott.

coffee Walsh: If I use the timely and professional <unk>.

coffee Walsh: On that day for those models.

Speaker Change: And to finance to promote and discuss a new release within 24 hours of the launch since daily fire kind of generate 35000.

coffee Walsh: While they treat built right.

Again apples iPhone 16.

coffee Walsh: So the company viewership and discussion surpassed 2 billion and $1, one 7 million times, respectively.

Speaker Change: With related topics, garnering over $4 5 billion views over eight $8 6 million interactions and over 200 million video views on Weibo generating substantial online bus on the launch date the popularity of this game.

coffee Walsh: It further demonstrates the stability and the value we create in our business partnership.

Speaker Change: With out of a hybrid.

Speaker Change: Well that would be the accountant ecosystem together with our clients the mobile and the mobile manufacturers.

Speaker Change: Influence the local culture, tourism, which facilitates the offline local economy.

Good morning, gentlemen.

To my opinion trying about it either.

Speaker Change: Good okay.

Speaker Change: How about <unk>.

Speaker Change: We will go through it.

Speaker Change: Thank you.

Speaker Change: Some of them not with.

Speaker Change: Yes.

Speaker Change: With Celgene will be with us when I first whether it'd be really cool.

Speaker Change: Yes.

Switching to diagnostics.

Cool.

Speaker Change: Zero emission buses.

Speaker Change: The recent do resi related.

Speaker Change: Duncan.

Speaker Change: She told.

Speaker Change: Both of these two months.

Speaker Change: Hum Fungibility and total year two or.

Speaker Change: You guys have Youtube TV.

Speaker Change: PV 10 machines.

Speaker Change: I hope you heard in Sweden.

Speaker Change: Turning to our software.

200 <unk> two.

Judy: On the recent wins Judy.

Speaker Change: So you don't have a sheet.

Speaker Change: Yeah.

Speaker Change: Cool.

Speaker Change: Okay.

Speaker Change: Moving out to monetization in the third quarter, our AD revenue reached $398 6 million U S dollars up 2% year over year, demonstrating weibo's ability to capture our clients' marketing budget around macro events and IP related hotline, we used the Olympic and intensive release of drama and variety shows during the summer.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: Shouldn't have gone up.

Duncan: Duncan just to finish up.

Duncan: You'll see those efficiencies.

Duncan: How should either.

Duncan: The scale and integration of <unk> and Orange verified counts in vertical.

Speaker Change: The growth with the number of such Kols doubled year over year.

Or break with focus on effectively integrating LIBOR, how China resources in the third quarter by alignment or organic organic hot shots on label with clients Mark Maki Hot we swipe to attract and accommodate client's promotion budget.

Average daily increasing by more than two.

Speaker Change: This growth further boost our user engagement among political come before.

Speaker Change: In turn supporting our partnerships with China's.

Speaker Change: People a title black mixed.

Speaker Change: As possible.

Speaker Change: Let me before its new game releases.

Speaker Change: So if you're not doing it yourself on mute.

Speaker Change: On the day of August 1st we will fully leverage is cross threat engaging third 30, Gordon and Owens head count across various interest protocols, including media digital <unk> and finance to promote and discuss annuity.

Speaker Change: Production in the future.

Speaker Change: Okay.

Speaker Change: Do you or it could be humorous again people truly own central cool do yoga.

Tony: Band It Tony.

Tony: A lot of times people traditionally found that comes from them.

Tony: So Bruce I really Joe Mosher be cool girlfriend home.

Speaker Change: In 24 hour sales the launch since daily generate.

Speaker Change: Can you kind of input.

Speaker Change: I'm, calling the children from quote you looks at how fast that you would hold it.

Speaker Change: Right.

Speaker Change: With related topics.

Hey, Mike.

Speaker Change: <unk> almost <unk> 5 billion.

Speaker Change: If you send them home and shoes.

Speaker Change: Over eight $8 6 million interactions and over 200 million views on Weibo generating substantial online bus on that launch date the popularity of this.

Speaker Change: We believe these people do huge convention.

Speaker Change: Good how are you.

Speaker Change: He is a central part of our T V.

Speaker Change: For the software suite.

Speaker Change: But to him.

Speaker Change: You may influence the local culture to OEM.

Speaker Change: And your phone John Sheehan.

Speaker Change: Relative to offline local economy.

Speaker Change: Connie you Bobby Fischer.

Speaker Change: You know your uncle Twingo EV propulsion.

Speaker Change: Hi, Tony.

Speaker Change: Pardon me.

Speaker Change: Sure.

Speaker Change: Got it.

Speaker Change: Why don't you shut off and to pull up factories on the coach.

Speaker Change: Luisa.

Luisa: The content live with as much visibility.

Speaker Change: She won't tissue or are you looking back sort of cookie.

Speaker Change: The recent earnings release.

Speaker Change: Body language I'm doing an inquiry from a cultural fit to make sure the chairmanship group.

Speaker Change: She joins.

Speaker Change: Hum.

Speaker Change: No.

Speaker Change: Thank you ladies and gentlemen.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: So you mentioned Sunday 20 shoot which will soon be sending while shoes was I'm not sure.

Speaker Change: 200 accrued incentives.

Speaker Change: Shanahan machine.

Sean: Thank you Sean.

Speaker Change: IP base the whole trend the biggest clutching on Weibo in first quarter was the Paris Olympic games.

Speaker Change: Moving on to monetization in the quarter, our AD revenue reached $396 million.

Speaker Change: Our feelings with the Tokyo Olympic games, taking into other ticket, we book with better support the uninterested related sponsors will enhance their brand value and MPA by marketing hype with all at offerings to elaborate we focused on integrating that sports and athletes endorsement Hudson with Mark.

Speaker Change: And year over year, demonstrating <unk> ability to capture client marketing budgets around macro events and IP related to that with.

Speaker Change: With the Olympics, and hence it really drama and variety shows just how much Blake with focus on effectively integrating LIBOR swap rates worth it in the third quarter by aligning organic organic on.

Speaker Change: <unk> objective of the Spa.

Speaker Change: Also sources. This unique event driven marketing model has been widely embraced by clients. This year, we observed a shapes and user engagement around the Olympics I'm grateful with users focusing more on athletes story, all and off the field.

Speaker Change: Wait well with clients.

Speaker Change: We swapped to attract and accommodate client's promotion budget.

Speaker Change: As much as possible.

Speaker Change: So if you're not doing it yourself on mute.

Speaker Change: Hi, everybody.

Speaker Change: To be honest.

Speaker Change: And then just say just that your best outcome. This chip is actually partly due to weibo's proactive approach and anticipating users interests and calculating ecosystem around sports over the past few years, we have consistently language shows sports events and create content around sports stars and us.

Speaker Change: Again, we're able to be on central Tioga familiar.

Speaker Change: Okay.

Speaker Change: Honda Cooee.

Speaker Change: Yeah.

Speaker Change: Tim.

Speaker Change: So Moshe <unk>.

Rafael.

Speaker Change: What kind of what was available.

Speaker Change: Hum.

Speaker Change: Got you.

Speaker Change: Yeah.

Speaker Change: With an engagement of athletes and their pets for this year's Olympics, we set a clear direction for our China operation and adverse working closely with media and sports and cross vertical peak lease by highlighting event, an athlete where not only amplify the influence of Olympic related.

So how are you.

Speaker Change: Anthony.

Speaker Change: Did you say how children.

Speaker Change: We believe the board.

Speaker Change: The convention.

Hello.

Speaker Change: Not on TV or the switching.

Speaker Change: So weird.

Speaker Change: Sweet.

Speaker Change: Tim would you add John Sheehan.

Judy: <unk>.

Culture, but also broaden the scope of discussion this approach enabled us to expand our client base our clients.

Judy: In our sector.

Judy: <unk>.

Judy: Sure.

Judy: Pardon me.

Speaker Change: Glenn Beck beyond the traditional event sponsor to end clients, who wish to language Olympics bus for brand exposure compared with the Tokyo Olympics.

Judy: Thank you Charles.

Judy: Especially from a coaching.

Judy: Sure.

Judy: The key question.

Judy: Finally, we have done our inquiry shrank over to ensure the future <unk>.

Speaker Change: Need to see a significant increase in both the number of clients and the total revenues for the Paris Olympics.

Judy: Oh and central Michigan.

Speaker Change: Notably driven by the Olympic events, our AD revenue from the food and beverage sector delivered strong year over year growth, making it one of the primary contributor to ads this quarter.

Judy: Sure.

Judy: And we signed in March which lies in that geography.

Speaker Change: Oh IP based contract.

Speaker Change: The biggest function.

Speaker Change: The Paris Olympic games.

Okay cool.

Speaker Change: The average of Stephens.

Speaker Change: For me it could go down.

Okay.

Speaker Change: Tokyo Olympic games.

Speaker Change: Right.

Speaker Change: So cool she probably would have been.

Speaker Change: Indeed.

Speaker Change: We work with versus exports.

Speaker Change: Partially no time table.

Speaker Change: Related to sponsored enhance their brand value and emptied by marketing with our AD offerings to elaborate with focus on integration with sports and escalate endorsement Hudson with marketing objectives of the fund.

We want to agree to go on time, Julian Genocide controller Joku she'd be defined that's what you mean.

Speaker Change: Due to the auto todo wishing him to do that.

Speaker Change: Sure.

Sheila: Thank you Sheila.

Speaker Change: Our sponsors is a unique event driven model has been widely embraced by flat this year.

Sheila: Also don't forget the apartment, Georgia Simpson, social inclusion of handbags shoes, and the punishment to jewelry.

Sheila: Rebuilt you don't have any fungible food nutrition.

Speaker Change: Interesting.

Sheila: So April was easily truly a shutdown that's what you see to meet you. This union, probably jetblue digibox it won't be the donut tissue.

Yeah.

Speaker Change: With us focusing more on athletes for.

I'll lead off the field.

Speaker Change: Thank you.

Sheila: T T shirts in oncology.

Speaker Change: Is any of that outcome.

Sheila: They'll be able to do some frugal put them.

Speaker Change: It should be actually publicly.

Sheila: So we are going to be hung up on attrition downtown a Goldman Sachs again truly mushroom hemisphere should go further.

Speaker Change: So active approach.

Speaker Change: Anticipating user interest and calculating ecosystem other sport.

Sheila: Usually.

Speaker Change: Over the past two years, we have consistently elaboration or feedback.

Sheila: Berkshire.

Sheila: To do so.

Two machine anyway, without whom they neither of them, we'll do them.

Speaker Change: Okay.

Scott: Last one Scott and.

Sheila: Tricky geography would be jumping back to.

Speaker Change: Engagement of athletes that.

Sheila: Truly level something called intrusion.

Speaker Change: But this is obviously, we set a clear direction for our China operation.

Sheila: Switching gears would you do to move out of it with feedback and show me a bunch of holes.

Speaker Change: Working closely with media.

Sheila: Aren't you do see Bachelor symptom excuses.

Speaker Change: Sports and cross link hopefully.

Sheila: Tomorrow, they'll be able to distinguish and she was having a seizure.

Speaker Change: By highlighting in that place.

Speaker Change: We not only amplify the input of all integrated in culture, but also broaden the scope of discussion.

Sheila: Touching issue too too long I forgot my shoes you'd be shocked.

Sheila: If you were to change or they wouldn't be micro duty carnival need.

Speaker Change: It enabled us to expand our client base.

Sheila: Two of those should be probably for Q2 two children changed.

Speaker Change: Beyond the traditional events concerts and client that was.

Sheila: Children's English.

Just trying to transition from banks.

Speaker Change: Plus what Rand exposure compared with the Tokyo Olympics were pleased to see a significant increase in both the number of clients and a total bandwidth from the Paris Olympics.

In terms of crime based culture and marketing, we increasingly focus on their new product launch efforts in series such as product launch events announcement of celebrity endorsement and offline session showcase LIBOR language content operation innovative AD products and repeated targeting of key audience to boost the popularity.

Speaker Change: Notably driven by the Olympic events, our AD revenues from the food and beverage per delivered strong year over year growth.

Speaker Change: It's one of the primary contributors this.

Speaker Change: This quarter.

Which needs of carbon content related to our clients new products during the release cycles.

Speaker Change: And in California, <unk> contract.

Speaker Change: So of course, we benefit.

Sheila: Thanks to these efforts.

Speaker Change: Thank you Natasha this is no time.

Sheila: Reinforce clients mindset of choosing Weibo they'll go to platform for product launch marketing in the third quarter LIBOR cover nearly 50% from new model launch automotive.

Jimmy: We're able to create.

Jimmy: And the one time she chooses.

Jimmy: Sure Joe coaching as a framework we should be.

Jimmy: To the hospital.

Sheila: Automotive industry with a new part of law contains contributing approximately 70% of AD revenue from the sector. As a result, we booked solid year over year revenue growth in the Altamont automotive industry as for the handset industry. However, revenue modestly declined year over year into place part of launch.

Jimmy: Sure.

Jimmy: Thank you.

Jimmy: She can be helpful with regard to implementation.

Jimmy: Neutral.

Jimmy: We can reward.

Jimmy: Sure.

Jimmy: Yes.

Jimmy: Sure.

So April we can easily shortly of shutdowns.

Jimmy: So to me the Sydney Harbour, Jetblue CDA positive T shirt strategic.

Sheila: Pipeline of their quota, we expect to see the handsets handsets returned to a growth trajectory in the fourth quarter, we say eventful news release schedules over the past few years, we will have multiple extended the scholarship fund, both the handset and automotive industry tapping into industry trends.

Speaker Change: Strategically how are you.

Jimmy: Could you do something.

Jimmy: Post approval.

Jimmy: Throughout Africa.

Jimmy: Datong nickel has reduced substantially.

Jimmy: As usual.

Jimmy: Some portion of the funding for the company.

Speaker Change: On the G&A, they will not only meet our guidance.

Sheila: We had big beef up our accounting for system about high end photography for handsets and you lap electric vehicles, and also strengthen our culture and marketing capabilities.

And what's your vision.

Jimmy: Tourism.

Jimmy: Switching gears to.

<unk> feedback show me a unmanageable.

Sheila: This year, we enter a strategic complement marketing partnership with vivo to continuously tell vivo brand story around photography, helping the brand gain traction.

Jimmy: Sure.

Jimmy: She is quicker.

Tomorrow, we will accomplish that.

Jimmy: Sure.

Jimmy: Such initiatives to improve the aggregate maturation vishal.

Jimmy: Nanometer.

Sheila: The end market following the successful campaign for the evil 100 after photography panels.

Jimmy: Simply will have some equity carnival.

Jimmy: Angela.

Jimmy: Hum.

Sheila: Fourth quarter last year.

Sure.

Jimmy: Shadow inventory.

Sheila: We introduced a campaign for the <unk> hundred series in the second quarter. This year, bringing it at the concert goes better by Alliance.

Jimmy: Thank you.

Jimmy: In terms of client based culture marketing, we increasingly focus on there.

Jimmy: Sure.

Jimmy: In series, such as product launch event.

Sheila: Concert and variety show IP.

Sheila: And for the launch of the X 200 units in October we collaborated with the media and we'll answer to highlight the most technological innovation, especially the tele telephoto lens features which generated significant interest and discussion based approach led to record breaking engagement for them.

Jimmy: The level of investments in offline session showcase we will elaborate on the accretion innovative AD products and repeated cutting of key audience to boost the popularity and richness of content.

Jimmy: Two new products during the release cycles.

Jimmy: Thanks to these efforts.

Jimmy: We have meaningful client myself.

Sheila: Product launch with first day sales across all channels, surpassing two.

Jimmy: <unk>.

Jimmy: Go to platform for product launch marketing in the quarter, we will cover nearly 50%.

Sheila: 2 billion, maybe 2 billion doubling the record of the previous model.

Speaker Change: Do you have a higher position.

Jimmy: Automotive industry.

No that's a really cool.

Jimmy: New product launches.

Jimmy: Contains contributing approximately 70%.

Speaker Change: Hum.

Speaker Change: You know what I mean.

Jimmy: Okay.

Speaker Change: I'm trying to do from.

Jimmy: As a result, the good solid year over year round swaps in Altamont automotive industry.

Speaker Change: From a Google who was using ban on food or something you could spend what's your current foreign currency from Q2.

But has that industry effort.

Speaker Change: Hum.

Jimmy: Modestly declined year over year decline.

Speaker Change: Okay.

Speaker Change: Do you know the neighborhood.

Product launch pipeline.

Speaker Change: Some divisions are going to go through the book.

Jimmy: These factors.

Speaker Change: Jim.

Dan: Handset they go into a growth trajectory in the fourth quarter is that you Dan.

Speaker Change: Nonetheless topic.

Speaker Change: Yeah.

Thank you Ben.

Jimmy: New product release schedules.

Without them, we have been and what it does.

Jimmy: Over the past two years, we will have.

Sometimes you might try and book in.

Notably spending for next year.

Speaker Change: In valves and controls.

Both the handset and automobile.

Speaker Change: Number four we will be consummated.

Jimmy: Yes.

Jimmy: I think listen the B.

Speaker Change: Consumer put on something close to 10000 might've shown some of the changes to report once they've been helping has nowhere to go.

Jimmy: The trend we had been before.

Jimmy: Beef up our content ecosystem about high end photography.

Jimmy: Electric vehicles, and all those Janssen oncology marketing.

Speaker Change: Those were the frequent new product launches, we also step up our hollister marketing effort for footwear unparalleled client sat.

Speaker Change: Thank you.

Jimmy: Contingent content and marketing partnerships.

Speaker Change: Such as expanding our coverage of hot trends and scenarios of fashion shows and celebrity endorsement in the third quarter. We also strengthened content operation for sports and outdoor products leveraging multiple celebrity endorsements and the launch of the new outlook outdoor cafes.

Jimmy: Partnership with level two continues to be Calvin Darling.

Jimmy: As all photography, helping the <unk> injection.

Jimmy: I end market.

Jimmy: Along with the successful campaign for equal.

John Kingman: Huckabee panels.

John Kingman: In the fourth quarter last year.

Speaker Change: Adult footwear and apparel sector delivered double digit year over year growth this quarter with revenue contribution from new product launch reaching record high in the past two years. What we said we will have established a deep strategic marketing partnership with was done over the past two years, helping to secure its position.

John Kingman: <unk> introduced a campaign with a 100 billion.

John Kingman: Second quarter this year branding is at.

John Kingman: Counter <unk> Butler.

John Kingman: Scott.

John Kingman: Concert and variety shows.

John Kingman: And for the launch of the X 200 units.

John Kingman: We collaborated with <unk>.

Speaker Change: As the leading down jacket threat.

John Kingman: So to highlight the most technological innovation, especially that height.

Speaker Change: In September or so.

Speaker Change: Announced actually you should as its new brand ambassador we maximize these endorsements by creating trending topics engaging fans and brand promotion and align the launch with them with the mid.

John Kingman: Okay.

John Kingman: Which generated to date.

Statements discussion this approach let Rebecca.

John Kingman: <unk> for the pipeline.

We predict sales across all channels of passing.

Speaker Change: Autumn Festival and National holiday travel trends.

John Kingman: $2 billion 72 billion doubling the record of the privilege model.

Speaker Change: By linking periodontal outdoors jackpot features which travel series, we emphasize the brand's unique selling points such as the Sweden, one design and functional.

John Kingman: Okay.

Speaker Change: Do you have a higher position.

Speaker Change: No that's good.

Speaker Change: Hum.

Speaker Change: Okay.

Speaker Change: Why.

Speaker Change: But with the <unk> the campaign led to a notable sales increase notable shows increased workforce, although adjusted loss in the third quarter.

Speaker Change: The Companys third degree Burns.

Speaker Change: Thank you Tom.

Speaker Change: We can also.

No no.

Speaker Change: The neighborhood.

Speaker Change: On the E Commerce platform.

Speaker Change: Awesome.

Speaker Change: For the Bush.

Speaker Change: So we don't have a wash or something like that so we're trying to do something.

Okay.

Speaker Change: And good luck.

Speaker Change: Yes.

Yes.

Speaker Change: You should read buttoned up.

Yes.

Speaker Change: Yeah.

Other strong channel cooled ensure future you'd be dumping.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Got it.

Speaker Change: Hi.

coffee Walsh: Well in that.

Sean: Oh, you could switch as Sean maybe they'll go through boxes.

Speaker Change: And Bob.

Speaker Change: Okay.

Speaker Change: Uh huh.

Speaker Change: Sure.

coffee Walsh: Sure.

Speaker Change: And it also has good <unk>.

coffee Walsh: Good luck in second quarter.

Speaker Change: Yeah.

Duncan.

Speaker Change: Boehner controller to them without cause inflammation, it's easier to answer in terms of its royalty.

coffee Walsh: Okay.

Speaker Change: Okay.

coffee Walsh: As we reported on.

Speaker Change: To report monthly.

Okay.

Speaker Change: Can you show up at the show.

coffee Walsh: Yeah.

Speaker Change: No.

Speaker Change: Yeah.

Speaker Change: Inventory.

Speaker Change: That's helpful.

coffee Walsh: Yeah.

Speaker Change: Our balance sheet, well Mcdonald's even call it hard in Shanghai, We really don't have any notion pseudo goes in there all the time it will take a final.

coffee Walsh: That's the plan.

Speaker Change: Hum.

coffee Walsh: Yes.

coffee Walsh: Okay spending.

Speaker Change: Okay spending.

Speaker Change: Yeah exactly.

coffee Walsh: Yeah.

coffee Walsh: Yeah.

Speaker Change: The invoice.

Speaker Change: No pollution.

Speaker Change: It seems like this.

Speaker Change: This quarter.

Speaker Change: Yes.

Speaker Change: Sandbox in chocolate and you saw the Cushing to the future.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Outlook.

Speaker Change: Outlook.

Speaker Change: Do you have on the PMI for so long and.

Speaker Change: Operating model.

Average and modest listen.

Speaker Change: So you don't have it's not machine learning, which is shocking.

Speaker Change: Launch of New York.

No.

Speaker Change: As a result.

Doug: Absolutely Doug.

Speaker Change: Nice tailwind from Olympics, and the summer break for the overall end market as shown by the Q3 consumer data, we continue to face the realities blockage consumer environment, and thus subdued client marketing demand, although we will achieve both year over year and quarter over quarter growth in AD revenue driven by itself.

Hello, Sam.

Speaker Change: Hello, Sam.

Speaker Change: <unk> growth.

Speaker Change: The basic video growth.

Speaker Change: With revenue contribution.

Speaker Change: Maybe revenue contribution.

Speaker Change: Reaching record high.

Speaker Change: Hi.

Speaker Change: What we've said.

Speaker Change: Well said.

Speaker Change: Tablets.

Speaker Change: Stablish.

Speaker Change: Operating cost.

Speaker Change: Okay.

Speaker Change: Over there.

Speaker Change: Some of it.

Speaker Change: Okay.

Speaker Change: Okay.

And the Olympic effect growth in certain industries do you fell short of our expectation that that we are all we are encouraged by the stimulus policy measures introduced by the government in September in September and we hope to see these policies gradually takes effect and stimulate the macro economy consumer spending and related to that.

Speaker Change: Leading down Jack.

Speaker Change: Meeting down Jack.

Speaker Change: In September.

Speaker Change: In September.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Yes.

Judy: Right.

Speaker Change: I quit.

Judy: A quick check.

Speaker Change: Okay.

Speaker Change: Kidney transplant.

Speaker Change: Okay.

Speaker Change: Okay.

Okay.

Speaker Change: Uh huh.

Speaker Change: Yes.

Speaker Change: Let me answer in fact.

Orton Seth: Orton Seth.

Speaker Change: In light of special market environment, We will continue to focus on reinforcing weibo's competitive strengths in hodgkin marketing and content marketing by concentrating on concentrating our content and part of it's worth it.

Duncan: My apologies.

Speaker Change: The quality.

Speaker Change: Yes.

Speaker Change: Filings.

Hi, Lindsay.

Duncan: Okay.

Speaker Change: Each week.

Duncan: Please.

Speaker Change: Yes.

Speaker Change: Uh huh.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: SM three.

Speaker Change: The Sweden.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: <unk> unique value proposition of Hudson and of course marketing both of them.

Speaker Change: Let's put it like that.

Speaker Change: Thanks.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Key to sustain our high operating efficiency.

Speaker Change: No.

Speaker Change: Of course.

Speaker Change: Al Gore Tex decline.

Speaker Change: Okay.

Speaker Change: Half of that we are also committed to optimizing our brand and performance AD offerings, so as to improve our competitiveness and expand our market share in this area.

Pardon.

Speaker Change: Okay.

Speaker Change: E Commerce.

Speaker Change: E Commerce.

Speaker Change: Oh.

Speaker Change: Uh huh.

Speaker Change: Sure.

Sure.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Thank you.

Speaker Change:

Speaker Change: Yeah, I don't want to only publish it all sudden growth how would you go.

Speaker Change: Sure.

Actually.

Speaker Change: Great.

Volume growth.

Speaker Change: With that let me turn the call over to <unk> for financial review.

Speaker Change: Maybe without the power button.

Speaker Change: Sure.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: That is also.

Speaker Change: Okay.

Speaker Change: That's correct.

Speaker Change: Okay.

Speaker Change: What well call them to live up to our partner funded time before earnings conference call.

Sure Josh.

Speaker Change: Sure.

Speaker Change: Got it.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: That's a review of their magic.

Speaker Change: Okay.

Speaker Change: Sylvia.

That's correct.

Speaker Change: No.

Speaker Change: September plenty some ball, we want any of you use to satisfy them head on the 87 million and after the U $257 million, if not seen a pullback from the peak.

Speaker Change: No.

Speaker Change: Uh huh.

Speaker Change: Yeah.

Speaker Change: Uh huh.

Speaker Change: We've looked at it.

Speaker Change: No.

Speaker Change: No.

Speaker Change: What was the name.

Speaker Change: Most of it will depend.

Speaker Change: Luke.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Pete.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: Two food visa. Additionally.

Thank you.

Speaker Change: Thank you.

Speaker Change: Additionally, we signed a handful maybe proactively adjust our amusement strategy to put a more adverse side of the acquisition.

Speaker Change: Some of them.

Speaker Change: She does.

Speaker Change: She does.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Besides this one.

Speaker Change: Right.

Speaker Change: Sure.

Speaker Change: The engagement.

Speaker Change: The other end markets.

Speaker Change: The end market.

Speaker Change: Just wanted to you were there.

Speaker Change: Q3 consumer.

Q3 consumer.

Speaker Change: My dog has proved to be worth it I mean, you ratio Amazon social impact linked quarter.

Speaker Change: Thanks.

Speaker Change: Okay.

Speaker Change: Got it.

Speaker Change: Okay.

Speaker Change: Environment.

Speaker Change: Yeah.

Speaker Change: Okay.

Luisa: Okay.

Speaker Change: Okay.

Turning to financials.

Luisa: Yeah.

Speaker Change: Yeah.

Speaker Change: As a reminder, my prepared remarks, we're focused on that got resolved.

Speaker Change: But the children.

Speaker Change: About treatment.

Speaker Change: Yes.

Speaker Change: Well I mean, yes.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Hum.

Speaker Change: I'll, let her and all comparison on a year over year basis, unless otherwise noted now that people go through our financial highlights for the third quarter fundings on before.

Speaker Change: That patient.

Ah patient.

Speaker Change: Yep Yep.

Speaker Change: Yep Yep.

Speaker Change: Okay.

Speaker Change: Right.

Speaker Change: Okay.

Speaker Change: Hum.

Speaker Change: Got it.

Speaker Change: September.

Speaker Change: Okay.

Sean: Okay.

Speaker Change: Okay.

Speaker Change: We've looked at that part of her time in planning for a lack of revenue were 461 fascinating and integrate of buffer that oh, sorry per ton on constant currency basis.

Speaker Change: Yeah.

Speaker Change: Accumulate.

Speaker Change: Stimulation.

Yeah, Mike.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yes.

Yes.

Okay.

Speaker Change: Yes.

Speaker Change: Thank you.

Speaker Change: Okay.

Speaker Change: Fortunately with the company.

Speaker Change: Fortunately with the company.

Speaker Change: We see D. R. O C vaccination operating income was 164 5 million.

Speaker Change: In Hodgkin marketing.

Speaker Change: In Hodgkin marketing.

Speaker Change: Right.

Speaker Change: Right.

Speaker Change: Hum.

Speaker Change: Hum.

Speaker Change: Good.

Speaker Change: Hum.

Speaker Change: Great.

Speaker Change: With it.

Speaker Change: Representing an operating margin of 35% net income attributable to Weibo reached a long time this $99 2 million.

Speaker Change: What do you mean.

Speaker Change: It's unique.

Speaker Change: Chad.

Speaker Change: Okay.

Speaker Change:

Speaker Change: Yeah.

Yeah.

Speaker Change: No.

I'll come back.

Speaker Change: I'll come back.

Speaker Change: David.

Speaker Change: Okay.

Speaker Change: Mass market I'll start with that.

Speaker Change: Yes.

Speaker Change: Oh, Oh Oh.

Speaker Change: Oh no no no.

Speaker Change: Oh no no no.

Those are the easy at 115% U S dollar.

Okay.

Speaker Change: Okay.

Speaker Change: Let me give you more color on third quarter Honeypot before revenue for pharma.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: I would use.

Speaker Change: Okay.

Speaker Change: Weibo's advertising and marketing.

Speaker Change: Now, let me turn the call.

Speaker Change: Now, let me turn the call.

Speaker Change: Revenues for the first quarter. So I just said before was 398 6 million.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: That is awesome.

Speaker Change: Thank you.

Chris: Chris I appreciate that.

Speaker Change: No.

Speaker Change: No.

Speaker Change: [noise].

Speaker Change: [noise] netback.

Speaker Change: Uh huh.

Speaker Change: Alright.

Speaker Change: Okay.

Speaker Change: Mobile AD revenue once they find it at $74 2 million positive.

Speaker Change: That's right.

Speaker Change: Uh huh.

Speaker Change: Uh huh.

Speaker Change: Great work.

Speaker Change: Great work.

Speaker Change: Nice to talk with them.

Speaker Change: Are you.

Speaker Change: Okay.

Speaker Change: Okay.

Thank you.

Speaker Change: Her softball, FMC Ethernet services and also on mobile with the largest contributor to world.

Speaker Change: Thank you.

Speaker Change: Thank you.

Speaker Change: Yeah.

Speaker Change: Yeah.

Maxine.

Speaker Change: Matt.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: And did you factor.

Speaker Change: Yeah.

Speaker Change: Yes.

I think it really.

Speaker Change: I think it really.

Speaker Change: They haven't entirely to see some momentum off for a thyroid and have hired me let's see.

Speaker Change: Oh.

Speaker Change: Oh.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Right.

Speaker Change: And if I go back and be models during the Summer Olympics.

Speaker Change: Right.

Speaker Change: Right.

Judy: Jason.

Speaker Change: Got it.

Speaker Change: Isn't it.

Judy: Right.

Speaker Change: Got that.

Speaker Change: Yeah.

Judy: Okay.

Speaker Change: Oh I haven't seen before we're still Jack but underperforming off top.

Speaker Change: Basically all of it.

Judy: Okay.

Yeah.

Judy: Yeah.

Speaker Change: Yeah.

Matthew: Matthew I'm.

Okay.

Speaker Change: And the personal care industry.

Judy: Great.

Speaker Change: Yes.

Speaker Change: Carl.

Judy: Rebecca.

Speaker Change: We expect her to continue this a believer and solving for.

Judy: Okay.

Judy: Got it.

Speaker Change: Got it.

Judy: Yeah.

Speaker Change: Uh huh.

Speaker Change: That is easier from a secular shift from traditional electronic illegal.

Judy: Okay.

Speaker Change: Yeah.

Speaker Change: Uh huh.

Judy: Uh huh.

Judy: Sure.

Speaker Change: Sure.

Speaker Change: Comparison.

Judy: Comparison.

Speaker Change: Well as our competitiveness in sales from our benefit on a population of content ecosystem.

Speaker Change: Yeah.

Judy: Unless otherwise.

Speaker Change: All right.

Speaker Change: Let people know.

Judy: Net.

Speaker Change: Yes.

Lance: Yes.

Yes.

Speaker Change: Nicole.

Speaker Change: Yeah.

Speaker Change: AD products promoting the fees at once in August.

Speaker Change: People.

Speaker Change: Okay.

Speaker Change: What it was prior quarter.

Speaker Change: What it was prior quarter.

Speaker Change: Right.

Speaker Change: But I suppose you can say unhealthy unabsorbed.

Speaker Change: Uh huh.

Speaker Change: Got it.

Speaker Change: Yeah.

Oh.

Speaker Change: Got it.

Speaker Change: AD revenue from Alibaba was third quarter was 21 5 million I think.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: D R.

Speaker Change: D R.

Speaker Change: Whereas a lot of confidence.

Speaker Change: Exactly.

Speaker Change: Okay.

Speaker Change: Alibaba for mortgage the deep correctly quarter, forming some momentum in the first part of 2010 before.

Speaker Change: Uh huh.

Speaker Change: Uh huh.

Speaker Change: If it goes above that.

Speaker Change: Uh huh.

Speaker Change: Yes.

Speaker Change: Good how are you.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: The decrease was primarily due to loan is a lot of in Britain with E Commerce platform.

Speaker Change: [laughter].

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Great.

Speaker Change: Great.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: Okay.

Critically concentrated advises Aurora shopping festival.

Speaker Change: Net market.

Speaker Change: Net.

And those will be up.

Speaker Change: And those will be up.

Speaker Change: Before turning to bond settlement, that's in Ishares and preliminary Turner on the chat I'm reading the fourth quarter of I'm sorry, Paul.

Speaker Change: Yes.

Speaker Change: Alright.

Speaker Change: Let me give you more.

Let me give you one.

Speaker Change: Okay.

How do you pay for that.

Speaker Change: That's it.

Speaker Change: Yeah.

Speaker Change: Weibo advertising.

Speaker Change: I'll be asked that all sort of yet unknown.

Speaker Change: Weibo advertising.

Speaker Change: Okay.

Speaker Change: Arthur.

Speaker Change: Okay.

Speaker Change: Later he was late September.

Speaker Change: Great.

Speaker Change: Okay.

Speaker Change: 60.

Speaker Change: 60.

So really benign macro economy, there's a lot of stimulus package Anadarko 11 shopping festival ahead.

Speaker Change: Okay great.

Speaker Change: Okay.

Speaker Change: Exactly.

Speaker Change: Exactly.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Mobile ad revenue.

Speaker Change: Mobile ad revenue.

Speaker Change: It's about people.

Speaker Change: To see inflection point, 70% of them.

Speaker Change: Is that the people.

Speaker Change: On the business.

Speaker Change: On the business.

Speaker Change: Not that we do not expect a V shaped recovery, even though it takes time for similar Smiths will translate into communism.

Speaker Change: Okay.

Scott: Excellent.

Speaker Change: You talked about growth.

Speaker Change: Cool.

Yeah.

Speaker Change: Yeah.

Speaker Change: Yes.

Speaker Change: Yeah.

Hum.

Speaker Change: Yes.

Speaker Change: Cool.

Speaker Change: And the corn ethanol has not acquired or whatever.

Speaker Change: Yes.

Speaker Change: No.

Speaker Change: Hum.

Speaker Change: Yes.

Demand for meaningful top line recovery.

Speaker Change: We haven't entirely.

Speaker Change: We haven't entirely.

Speaker Change: Despite uncertainties in bumper car race eastern affect her background and her.

All right.

Speaker Change: All right.

Speaker Change: Right.

Speaker Change: Hey.

Speaker Change: Let's see here.

Speaker Change: Goodbye.

Speaker Change: Goodbye.

Speaker Change: Uh huh.

Speaker Change: Uh huh.

Speaker Change: Optimistic.

Speaker Change: All of us on the.

Speaker Change: Got that.

Got that.

Speaker Change: Overall advertising market.

Well I haven't seen.

Speaker Change: I haven't seen.

Speaker Change: Ourself execution I'd highlight unique value proposition in the market.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Right.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Okay.

Speaker Change: Eating at home and enhancing monetization efficiency.

Speaker Change: The automotive sector.

Speaker Change: The automotive sector.

Speaker Change: These were partly book.

Speaker Change: Pardon me.

Powertrain incremental ad wallet.

Speaker Change: Thank you Robert.

Speaker Change: Thank you Robert.

Speaker Change: Okay different now.

Speaker Change: Okay different no.

Speaker Change: Goodbye.

Speaker Change: But the revenue was 16 five online either in the first quarter.

Speaker Change: E E.

Speaker Change: E.

Speaker Change: Yes.

Speaker Change: Uh huh.

Speaker Change: Uh huh.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: And in fact for that.

Speaker Change: Leasing on that.

Speaker Change: Please go ahead.

Speaker Change: Environment, driven by valuable My Murphy I'm the games related or is it on.

Speaker Change: Yes.

Speaker Change: Alright.

Speaker Change: As part of that.

Speaker Change: As part of that.

Speaker Change: Let's see.

Speaker Change: Yeah.

Speaker Change: A membership or it.

Speaker Change: Exactly.

Speaker Change: Exactly.

May have benefited from <unk>, who was the optimal well my ownership or is it usually goes all pregnant as VIP feature to cater to the needs of yogurt.

Speaker Change: Alistair.

Speaker Change: Alastair.

Speaker Change: How does that work.

Speaker Change: How does that work.

Speaker Change: Good morning.

Speaker Change: Warner with.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: Yeah.

Speaker Change: Yes.

Jimmy: Alibaba.

Speaker Change: Alright Bye bye.

Speaker Change: Turning to costs, Icelandic total costs and expenses for third quarter, when two occurrences like the $9 9 million I.

Jimmy: Alright.

Speaker Change: Alright.

Speaker Change: One moment.

Speaker Change: One moment.

Jimmy: Yeah.

Speaker Change: Oh.

Jimmy:

Speaker Change:

An increase of 8% primarily due to higher marketing and.

Yeah.

Jimmy: Yes.

Speaker Change: Okay.

Jimmy: Okay.

Speaker Change: Yeah.

Speaker Change: That's fine.

Speaker Change: No and then inside of it.

Speaker Change: It may be possible.

Speaker Change: Okay.

Speaker Change: Operating income in the third quarter with 160 people are fascinated rather than an operating margin of 25%.

Speaker Change: Hum.

Jimmy: Okay.

Jimmy: Okay.

Speaker Change: Okay.

Speaker Change: Before turning to <unk>.

Jimmy: Before turning to guidance.

Jimmy: Yeah.

Speaker Change: Yeah.

Speaker Change: Yeah.

Jimmy: Yeah.

Speaker Change: Oh I'm sorry.

Jimmy: Okay.

On Paris with 77 with that even since your last year.

Speaker Change: Okay.

Speaker Change: On the asset.

Jimmy: On the asset.

Speaker Change: Hi, Joe.

Speaker Change: Yeah.

Speaker Change: Turning to income tax I've forgotten by income tax expense for the third quarter when.

Speaker Change: Oh My God.

Jimmy: Oh My God.

Speaker Change: Alright.

Jimmy: Okay.

Speaker Change: Okay.

Jimmy: Correct.

Okay.

Jimmy: Yeah.

Speaker Change: Uh huh.

Yeah.

On to media.

Jimmy: Okay.

Speaker Change: And at that level.

Speaker Change: Parents, who put these platforms for me last year.

Jimmy: Got it.

Jimmy: They help with speed.

Steve.

Speaker Change: But ah Miami into its full impact of food.

Jimmy: All right.

Speaker Change: Alright.

Speaker Change: Yeah.

Speaker Change: Yes.

Jimmy: Not bad.

Speaker Change: Got that.

Religious learning to be related to Weibo, Hong Kong limited from a wholly owned subsidiary in China.

Jimmy: It's not easy.

Speaker Change: We are not.

Speaker Change: Yes.

Jimmy: Yes.

Speaker Change: Sure.

Speaker Change:

Jimmy: No.

Speaker Change: No Matt.

Jimmy: Okay.

Speaker Change: Okay.

Jimmy: Yeah.

Speaker Change: Net income attributable to Weibo shareholder at the end of third quarter was on plan.

Speaker Change: We're not no.

Jimmy: We're not alone.

Thanks.

Speaker Change: I'm doing this for me.

Jimmy: Dominion.

Speaker Change: Okay.

Jimmy: Goodbye.

Speaker Change: Yes.

Speaker Change: Hey, Brian I'm sorry.

Speaker Change: An inquiry.

All right.

Jimmy: Right.

Speaker Change: The fact that Bobby.

Speaker Change: We have heard of.

Speaker Change: With that I'll start with every one of them like that because that's really last year.

Jimmy: Okay.

Speaker Change: Okay.

Jimmy: Okay.

Speaker Change: Hum.

Jimmy: Oh gosh.

Yeah.

Yeah.

Speaker Change: Turning to our balance sheet cash flow either.

They will be up.

Jimmy: They will be up.

Speaker Change: Yes.

Jimmy:

Speaker Change: Some of our clarity study for Weibo.

Speaker Change: Yeah.

Jimmy: Yes.

Speaker Change: In the home.

Jimmy: No.

Speaker Change: Cleveland.

Speaker Change: Davidson.

Jimmy: Davidson.

Speaker Change: That's a short term investment.

Jimmy: Okay.

Speaker Change: Okay.

Hum.

Speaker Change: Yes.

Jimmy: Okay.

Speaker Change: In third quarter.

Speaker Change: Hi, Matt.

Jimmy: Turning to Max.

Speaker Change: Well I mean, if that all plays out.

Speaker Change: Yeah exactly.

Jimmy: Okay.

Speaker Change: Would love to find a way to put it for five 2 million.

Speaker Change: Online.

Jimmy: Online.

Speaker Change: I mean I.

Jimmy: I mean I.

Speaker Change: Excellent expenditure.

Hi.

Jimmy: Hi.

Speaker Change: Okay.

Jimmy: Yeah.

Speaker Change: Yeah.

Jayson I got them all.

Speaker Change: Okay.

Speaker Change: And maybe.

Speaker Change: And then maybe.

Speaker Change: Hi season Sunday amounted to 41 4 million.

Speaker Change: Our membership.

Speaker Change: Our membership.

Speaker Change: On Saturday.

Speaker Change: Nancy.

Speaker Change: Let me now turn the call over to the operator.

Speaker Change: Absolutely.

Speaker Change: But man.

Jimmy: If they go down.

Speaker Change: They go down.

Speaker Change: The next section.

Speaker Change: Yeah.

Jimmy: Yeah.

Speaker Change: Thank you.

Jimmy: Okay.

Speaker Change: Okay.

Speaker Change: As a reminder to ask a question. Please press star one one on your telephone and wait for your name to be announced to withdraw. Your question. Please press star one I'm going again.

Speaker Change: Okay.

Jimmy: Okay.

Jimmy: Hi, Anthony.

Speaker Change: Hi, guys.

Speaker Change: What will happen.

Jimmy: One of them.

Jimmy: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Jimmy: Right.

Speaker Change: Yes.

Speaker Change: Okay.

Jimmy: Okay.

Speaker Change: We will now take the first question.

Jimmy: Primarily due to.

Speaker Change: Miami.

Speaker Change: And now again.

Jimmy: And now again.

Speaker Change: From the line of Alex Liu from UBS. Please go ahead.

Speaker Change: Operating income.

Speaker Change: Operating income.

Speaker Change: We're gonna find it.

Speaker Change: With love funding.

Speaker Change: Yeah.

Speaker Change:

Speaker Change: Okay.

Speaker Change: That's amazing.

Speaker Change: Oh, Yeah of course, you will know that they don't have them.

Yeah.

Speaker Change: Mark.

Speaker Change: Thanks for that.

Speaker Change: Got that.

Jimmy: Okay.

Speaker Change: Okay.

Luke: One issue acquaintance digital camcorder Luke.

Speaker Change: Interesting.

Jimmy: Yeah.

Speaker Change: Yes.

Jimmy: Yes.

Speaker Change: Turning to income.

Speaker Change: No I'm just.

Jimmy: Turning to fee income.

Can you tell us what kind of you should have thought you called once you reach a joke.

Speaker Change: Okay.

Yeah.

Jimmy: Uh huh.

Speaker Change: Uh huh.

Speaker Change: We've got plenty of time with them and kind of just a joke.

Speaker Change: Thank you Luke.

Jimmy: Let me move.

Jimmy: Right.

Speaker Change: <unk>, a well known quantity.

Jimmy: Okay.

Speaker Change: Okay.

Jimmy: Yeah.

Speaker Change: Yeah.

Speaker Change: Yes.

Jimmy: Yeah.

Speaker Change: He told me that says it.

Speaker Change: Moving to tax.

Jimmy: What impact.

Speaker Change: It all kind of have that you've got.

Jimmy: Yeah.

Speaker Change: Okay.

Speaker Change:

Jimmy: Yeah.

Speaker Change: It's also that she wants.

Jimmy: Yes.

Speaker Change: Uh huh.

Speaker Change: Uh huh.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Let me translate myself.

Jimmy: Okay.

Speaker Change: Yeah.

Let me thanks, congratulations on the strong Q3, despite the challenging macro conditions in the quarter.

Speaker Change: That is on the table.

Jimmy: Second on the tubular.

Speaker Change: Sure.

Jimmy: Sure.

Jimmy: Uh huh.

Speaker Change: Sure.

Speaker Change: Okay.

Jimmy: Okay.

Speaker Change: My question is on the fourth quarter advertisement outlook.

Jimmy: Great.

Speaker Change: Okay.

Speaker Change: Not all of it.

Speaker Change: That's healthy.

Speaker Change: In the light of the police side, it's really the macro stimulus how does management see policy impacting your advertisement all looking at Q4 and.

Speaker Change: Yeah.

Jimmy: Yeah.

Jimmy: Right.

Speaker Change: Great.

Jimmy: Great.

Speaker Change: Uh huh.

Jimmy: Okay.

Speaker Change: Alright.

Jimmy: Alright.

Speaker Change: [laughter].

John Kingman: Yes.

John Kingman: Yes.

Can management share more details by industry vertical.

John Kingman: Great.

Speaker Change: Right.

Speaker Change: Yeah.

John Kingman: Great.

Thank you.

Speaker Change: Yes.

John Kingman: Yes.

Okay.

Alright.

John Kingman: Alright.

Speaker Change: The decision.

John Kingman: Yes.

Speaker Change: Hum.

John Kingman: Hum.

Speaker Change: So Shannon we can send you to come on that but I was going to tier one ratio.

John Kingman: Uh huh.

Speaker Change: Uh huh.

Speaker Change: Alright.

John Kingman: Alright.

What kind of a trigger showcases.

John Kingman: No.

Speaker Change: I'm fine.

John Kingman: [laughter] yeah.

Speaker Change: Yeah.

Speaker Change: Uh huh.

Speaker Change: Hi, guys.

Speaker Change: She Xiang <unk> many of them to be treated.

Speaker Change: Yeah.

John Kingman: Yeah.

Speaker Change: Yeah.

Machine clothing, he or she should it be Dol stricture delving, no one listened into the teens.

Speaker Change: [laughter].

John Kingman: [laughter].

Speaker Change: Okay.

Speaker Change: Hi, Susan.

Speaker Change: Right.

So he used to be choosy about.

Speaker Change: Right.

Speaker Change: Yeah.

Speaker Change: Great.

Speaker Change: Okay.

Speaker Change: Sure She finbar Gordon.

Speaker Change: Right.

Speaker Change: Thank you.

Speaker Change: Thank you.

John Kingman: Linda.

Speaker Change: Linda.

Alright. Thank you very much for the question. So in Q3 judging from the consumption related though to indexes and also indicators you've seen.

Speaker Change: Please go ahead.

Speaker Change: Please go ahead.

Speaker Change: The telephone.

Speaker Change: Telephone.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Thank you for your question.

John Kingman: So your question is.

Slight decrease times. So this is due to the lack of demand due to the weak economy of China. So as a result, we do not see a very good performance in the consumer market area. So in Q3. The revenue increase was primarily due to the hot topics for instance, the unemployed and also some of the summer.

John Kingman: One one.

One one.

Okay.

Speaker Change: Okay.

We will now take.

Speaker Change: We will now take.

Speaker Change: Jim.

Speaker Change: Jim.

Speaker Change: That's from the lineup.

Speaker Change: That's from the line of clearly for me.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: Uh huh.

Speaker Change: Oh, okay.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Uh huh.

Speaker Change: Uh huh.

Speaker Change: Our holiday dramas.

Speaker Change: Thanks.

Speaker Change: Thanks.

Speaker Change: The one issue.

Speaker Change: Linda tissue.

Speaker Change: Okay.

Speaker Change:

Speaker Change:

Speaker Change: Most who do that kind of all of them are harder with them when they're shopping contributing Shanghai you from it drove him good afternoon for those who.

Speaker Change: Uh huh.

Okay.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: How do you.

Speaker Change: Okay.

Speaker Change: You bet.

Speaker Change: Can insurance.

Speaker Change: Hi.

Thank you.

Speaker Change: Hold on.

Speaker Change: I'll go through the trade them up what you're doing for a quality issue started so Michele I'm really I'm in Shanghai.

Speaker Change: James.

Speaker Change: Thanks.

Speaker Change: Yes.

Speaker Change: Your line of Hudson.

Speaker Change: No.

Speaker Change: Maybe just to draw the funds I'm sure you.

Speaker Change: Oh Wow.

Speaker Change: Oh Wow.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: You saw higher coming out of the equation the Chooser Gordon.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Let me translate myself.

Speaker Change: Translate myself.

Speaker Change: Welcome.

Speaker Change: And also in Q4, so we have seen a lot of uncertainties.

Speaker Change: No.

Speaker Change: No.

Speaker Change: Okay.

Speaker Change: Sure.

Speaker Change: Allergies.

Speaker Change: Uncertainties further bought the overall trend is still a pretty optimism and also we do need Oh. So we do see the government implementing the policy is to boost the internal and domestic demand.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Yes.

The question is what are they.

Speaker Change: The question is.

Speaker Change: Outlet.

Speaker Change: Outlet.

Speaker Change: In the light.

Speaker Change: In the light.

Speaker Change: Theory microbes.

Speaker Change: Gary microbes.

Speaker Change: I'll just.

Speaker Change: Thanks Nathan.

Speaker Change: Hum.

Paul.

Speaker Change: There was a difficulty for us to see a recovery of the revenues from the luxury products industry and also the real estate.

Let's touch on outlook.

Speaker Change: And I'll walk through it.

Speaker Change: Okay.

Speaker Change: Sure.

Speaker Change: By industry.

Speaker Change: By industry.

Speaker Change: Okay.

Speaker Change: Thank you.

Speaker Change: Thank you.

Speaker Change: But doesn't that sounds good I think we do question cookbook.

Speaker Change: Yes.

Speaker Change: Hum.

Speaker Change: Okay.

Speaker Change: Decisions.

Speaker Change: Decision.

Speaker Change: Sure.

Speaker Change: So Shannon.

Speaker Change: So Shannon.

I'm going to kind of sum finish them off their phones I suppose you know Christian church debenture with shovel fear from he is a sudden need to switch out even a variety that cause you to what you've heard and I didn't know they were falling through true some data.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: I'm not sure.

Speaker Change: I'm not sure.

Speaker Change: Okay.

Speaker Change: Thanks Ben.

Yeah.

Speaker Change: Thank you.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: [laughter] crudely.

Speaker Change: Cool.

Speaker Change: Two the global Toyota to them that they will do and it kind of on the media and claw hone your younger adult halfway you'll be talktalk remodel, Peru, but no kind of involved with what we're learning from the fancy Schumacher share Quadro Jodrell novel, what should I be when.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Uh huh.

Speaker Change: Great.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: Yeah.

Yes.

Speaker Change: Thank you Richie.

Speaker Change: Thank you Richie.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Alright, Thank you very much.

Speaker Change: Alright, Thank you very much for that.

Speaker Change: Hi, Joseph.

Speaker Change: Hi, Jackie.

Speaker Change: When we really see is that you should figure you controlling them kind of how it fits your equivalent if you thought that would be where they're going with usual I shouldn't be dumping agenda. She turned up to 20 Susana for Ya man you cut off there.

Speaker Change: Jim.

Speaker Change: Tim.

Speaker Change: It is.

Speaker Change: It is.

Speaker Change: Right.

Speaker Change: Right.

Speaker Change: It's nice.

Speaker Change: No.

Speaker Change: Thank you.

Speaker Change: Okay.

Speaker Change: Due to the weak.

Speaker Change: Due to the weak economy.

Speaker Change: Okay.

Speaker Change: As a result.

Speaker Change: But also we can see okay and also we can see that for the government. We have been seeing some of the policy as friends of the.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: <unk>.

Speaker Change: <unk>.

Speaker Change: In our market area.

Speaker Change: In our market area.

Speaker Change: In Q3.

Speaker Change: In Q3.

Speaker Change: <unk>.

Speaker Change: Great.

Speaker Change: Great.

<unk> opened new.

Speaker Change: Okay great.

Speaker Change: Great.

Speaker Change: And also some of the subsidy policy appliances national subsidy policies are the kind of stage targeting the three D products and consumer electronics. So we've been seeing a very good boost in leasing the streets immediately due to this particular policy of subsidy. So because in these industries and the verticals in Q3, they were experiencing that.

Speaker Change: The analyst.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: On the data.

Speaker Change: Hey, Bob.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Most of you know that kind of.

Speaker Change: Most of you know that kind of.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: I mean do you have any of them without them.

Speaker Change: So even without the <unk>.

Speaker Change: Sure.

Speaker Change: Sure.

Speaker Change: Yes.

Okay.

Speaker Change: Okay.

Speaker Change: Yeah.

Speaker Change: Sure Sean.

Sure Sean.

Speaker Change: So still in Q4, we are expecting to see a year on year double digit growth and also this kind of a national subsidy policy will still lost until next year or even the year after that.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Got it.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Our top line.

Speaker Change: Right.

Speaker Change: Yeah.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: Yeah.

Speaker Change: And also.

Speaker Change: And also.

Speaker Change: Further expanding from three C and consumer electronics industry and vertical to the other areas like the decoration.

Speaker Change: Have I seen.

Speaker Change: Have a seat.

Speaker Change: Uncertainties.

Speaker Change: Uncertainties.

Speaker Change: B O S.

Speaker Change: B O S.

Speaker Change: So a pretty optimal.

Speaker Change: A pretty optimum.

Speaker Change: Indoor designs et cetera, So we do see a very good increase of the demand of those advertisers on the e-commerce platforms, and we're going to actually we saw a very good effect taking place in the double 11 shopping festival.

Speaker Change: Most of what we do.

Speaker Change: But we do need it.

Speaker Change: Lucy.

Speaker Change: Lucy.

Speaker Change: My name's.

Speaker Change: Okay.

Speaker Change: Internal and domestic.

Speaker Change: And domestically.

Speaker Change: No.

Speaker Change: So as I said.

Speaker Change: Yeah.

Speaker Change: Oh great.

Speaker Change: Revenues from the memory.

Speaker Change: Revenues from the luxury.

Speaker Change: Okay.

Speaker Change: Most of them to participate.

Speaker Change: Most of them did participate.

Not to do that for me and I kind of hard to hear or contract I was scribbling, Amy Hood Jamba, Ghana would you look hydrocodone Fuji their teams don't go to like come up with your Formula and also in San Diego County, well, It's always you know high suicide.

Okay.

Okay that sounds good.

Speaker Change: That sounds good.

Speaker Change: Right.

Speaker Change: Sure.

Speaker Change: Sure.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: Yes.

Speaker Change: Oh, yes.

Speaker Change: Oh, yes.

Speaker Change: Yes.

So you saw some yet to be lumpy over time.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: You do the similar Oh, you know quite well.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: We're following.

Speaker Change: Sean.

Speaker Change: Nobody honestly just don't quit.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: Uh huh.

Speaker Change: So therefore, you would doyle somebody with a survey that you show on the screen you go off Wishy washy.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: On the England, though.

Speaker Change: England to halfway.

Speaker Change: Peru.

Speaker Change: Peru.

Speaker Change: The songs for Sundar.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Finally, as anywhere LIBOR didn't hear you there and you saw a show me what Michelle be Canadian Parliament couldn't we'd been out which would have been better.

Speaker Change: Sure Matt.

Speaker Change: Sure Matt.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: We're gonna mainsail.

Speaker Change: We remain safe.

Speaker Change: Challenging.

Speaker Change: Challenging housing.

Sure.

Speaker Change: The way you go one real quick kind of a twofold social from Dorian show cohorts into European and show you talked about.

Speaker Change: Sure.

Speaker Change: Hi, gentlemen.

Speaker Change: Thank you very much.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: When we say that T V C shocks, we don't mean to you to change that usually.

Speaker Change: Okay.

Speaker Change: And then also.

Speaker Change: Glenn also.

Speaker Change: It means that each has a daughter.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: If they go down it doesn't really wait until bumboat, you're going back to D. C. Whether shouldn't you want that.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Also.

Speaker Change: So.

Speaker Change: Okay.

Speaker Change: If you put it.

Speaker Change: Got it.

And she told me she xiaomi overtop nature, we're gonna Chinese yet that you can tie those either who don't want to go and drill but one shot so there's a little more so you took the truth I got no problem as that fungibility between classes to deal with the issue.

Speaker Change: Subsidy policies.

Speaker Change: Subsidy policies.

Speaker Change: On stage talking to you.

Speaker Change: It's Tom.

Speaker Change: He told us.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: Very good.

Speaker Change: Very good.

Speaker Change: Year to date.

Due to the lumpy with subsidies.

Speaker Change: Due to this.

Speaker Change: Got it got it.

Substitute.

Speaker Change: Because in this.

Speaker Change: This is Steve.

Yeah.

Speaker Change: You've heard us.

Speaker Change: Vertical.

Speaker Change: And in terms of the verticals actually we've been mentioning that in my prepared remarks already but still I think that has everything to do with the strategies that Weibo is taking now for instance in Q3, we're pretty much focusing on the hotspot related marketing strategies for instance, the Paris Olympics, comparing with the Tokyo Olympic.

Speaker Change: It will expand.

Speaker Change: Expense.

But still.

So.

Speaker Change: Well I expect we'll just.

Speaker Change: Well I expect we'll just.

Speaker Change: Yes.

Speaker Change: Year on year.

Speaker Change: Also this kind of a non Muslim cities will still not.

Also this is kind of in some cities will still not.

Speaker Change: Next year.

Speaker Change: Next year or even just the opposite.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Further expanding.

Speaker Change: Further expanding.

Speaker Change: The consumer electronics industry.

The consumer electronics industry.

Speaker Change: Other areas slightly.

Speaker Change: The other areas.

Speaker Change: We've been seeing a very good oh double growth or even several times of growth in terms of AD revenue and number of customers and thus Perez Our Olympics and also we've been seeing a very good double digit growth in the verticals like food and beverage apparel and automotives as well because.

Speaker Change: And any thoughts on that.

Speaker Change: And any thoughts on that.

Speaker Change: So we do see a.

Speaker Change: So we do see a.

Speaker Change: The demand outlook.

Speaker Change: The demand outlook.

Speaker Change: On the e-commerce platform and we're going to.

Speaker Change: On the E Commerce platform.

Speaker Change: And we're going to.

Speaker Change: Very good.

Speaker Change: Very good.

Speaker Change: And the double of himself.

Speaker Change: Sure.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: No change at all.

Yes.

Speaker Change: Thank you.

Speaker Change: Weibo has already become a must have platform and we do have a very strong characteristics and I'll frame. The hotspot based marketing activities and also in terms of those types of instead of doing marketing what are you seeing a shift of their budget allocation from the traditional TV channels to the social media.

Speaker Change: Okay.

Okay.

Speaker Change: Okay.

Speaker Change: No no.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Fuller Mexico.

Speaker Change: Fuller Mexico.

Speaker Change: Awesome.

Speaker Change: Awesome.

Speaker Change: Okay.

Speaker Change: Jason.

Speaker Change: Yes.

Okay.

Speaker Change: Yeah.

Thank you.

Speaker Change: Thank you.

We're kind of.

Speaker Change: We're kind of.

Sure.

Speaker Change: Sure.

Speaker Change: Because in the past most of the budgets for the Tasman were pretty much allocated on the TV or the video based websites, but now due to a better discussion capabilities and also interactivity on the social media lightweight boy, we've been seeing a very good attraction of those budget sort of bonus minutes in Q3.

Speaker Change: Yes.

Speaker Change: I don't think so David.

Speaker Change: I don't think two data.

Speaker Change: Sure.

Speaker Change: Sure.

Speaker Change: Okay.

Speaker Change: Yeah.

Okay.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: So why didn't you tell me again.

Speaker Change: So when you find out Jamie.

Speaker Change: You saw xiaomi.

Speaker Change: You saw xiaomi.

Speaker Change: Got it.

Speaker Change: Got it.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: No way.

Speaker Change: No way.

Speaker Change: And we had a very good growth because of that in Q3.

Speaker Change: What are your choices.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Exactly.

Speaker Change: Is that.

So Lorenzo I need my daughter, who's going to pushing boot. She was the CEO of carton woman.

Speaker Change: Something that you see.

Speaker Change: Something that you see.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Stockholm, three geography between sheet.

Speaker Change: Sure.

Sure.

Speaker Change: There you go again.

Speaker Change: There you go again.

Speaker Change: We actually don't want Shanghai English John This was indeed a twofer.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: No.

Speaker Change: With us on that.

Speaker Change: Sure.

Speaker Change: Hi, gentlemen, can legitimately I suppose you could be outdoor that's in your mind.

Speaker Change: For 2017 in Shanghai.

Speaker Change: Hum.

I would say.

Okay.

Speaker Change: When was that for sure but of course I'm sure you call me in a few minutes on the sugar content.

Speaker Change: Thank you.

Speaker Change: Sure.

Speaker Change: Does either.

Speaker Change: Does either.

Speaker Change: We didn't drop as much.

The fish in that country is so good at.

Speaker Change: Jeff.

Speaker Change: That's great.

Speaker Change: Our.

Speaker Change: Our.

Speaker Change: So as you can see.

Speaker Change: Sure.

Speaker Change: And she was ashamed Puma.

Youre welcome.

Speaker Change: Youre welcome.

Speaker Change: All right.

Speaker Change: Okay.

Speaker Change: So it was all too much and I kind of partner halting or could hear your own continued diesel fashion piece.

Speaker Change: Uh huh.

Speaker Change: Hi.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: It would be less than that.

Speaker Change: We've been measuring that.

Okay.

Speaker Change: Like how are you doing that.

Speaker Change: No remarks Lee.

That remark.

Speaker Change: How do you see them on the phone here.

Speaker Change: So I've seen that.

Speaker Change: I've seen that.

Speaker Change: I think the strategies.

Speaker Change: Got it.

Speaker Change: The strategy.

Speaker Change: It's taken us frankly.

Speaker Change: It's taken us in deals.

And also apart from the whole time based on market chain also we are pretty much focused on the new product marketing strategies and campaigns and this has already become a very good ground base, our core the way borsa advertisement business.

Speaker Change: Thanks.

Speaker Change: Thanks.

Speaker Change: And the strategies for instance, the apartments.

Speaker Change: <unk>.

Speaker Change: Alright.

Speaker Change: Comparing with the Tokyo.

Speaker Change: With the Tokyo.

Speaker Change: Very good.

Speaker Change: Very good.

Speaker Change: So even.

Speaker Change: So even with some growth.

Speaker Change: Thanks.

Speaker Change: Business. So in the past this was a pretty much sharing colors on automotive industry has that industry, but now we've been seeing a very good budget or I mean, the revenue contribution from apparel and luxury products industries.

Speaker Change: Okay.

Speaker Change: Customers.

Speaker Change: Customer.

Speaker Change: Alright.

Speaker Change: Alright.

Speaker Change: And also we've been seen with unit growth.

Speaker Change: And also we've been seeing.

Speaker Change: What kind of growth.

Speaker Change: Right.

Speaker Change: Right.

Speaker Change: Okay.

Speaker Change: Also note as well because of Weibo.

Speaker Change: As well because of Weibo.

Speaker Change: And also now we can see for the automotive industry. Most of the revenues were driven due to the new product market chain from this sector and also this is going to become our focal point in the future and this is the main strategies that are a way boys taking to further enlarge our gap versus the competitors.

Speaker Change: Yes.

Speaker Change: Hum.

Speaker Change: And until we do have a high school.

Speaker Change: And until we do have a high school.

Speaker Change: Hum.

Speaker Change: Hum.

Speaker Change: Our marketing activities and also in terms of the.

Speaker Change: Our marketing activities and also in terms of the pipeline.

Speaker Change: Okay.

We've been seeing that shift.

Speaker Change: We've been seeing the ships.

Speaker Change: Allocation.

Speaker Change: Traditional TV channels.

Speaker Change: Traditional TV channels.

Speaker Change: Yes, it does.

Speaker Change: Yes, it does.

Speaker Change: Also consolidate our leadership positioning.

Speaker Change: Yeah.

Speaker Change: Michael.

Speaker Change: Most of them.

Okay.

Speaker Change: Well.

Speaker Change: We're pretty much allocated.

Speaker Change: Pretty much allocated.

Speaker Change: Okay.

Speaker Change: Joe Fisher.

Speaker Change: Yeah.

Speaker Change: Video website.

Speaker Change: Video website.

Speaker Change: All right.

Speaker Change: Two weeks ago.

Speaker Change: Yes, that's what at the end of this the answer thank you.

Speaker Change: Great.

Speaker Change: And also your activity on the social media right.

Speaker Change: And also your activity on that social media library.

Thank you we will now take the next question.

Speaker Change: Very good.

Speaker Change: Very good.

Speaker Change: Alright.

Speaker Change: From that I know of too much heat so from Goldman Sachs. Please go ahead.

Speaker Change: Alright.

Speaker Change: Yeah.

Speaker Change: In Q3, and we have a very good growth.

Speaker Change: In Q3, and we have very good growth.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: Sure.

Speaker Change: Thanks, Good morning, So just show what the Q1 <unk>.

Hey, Mike.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yes sure.

Speaker Change: Yes.

Speaker Change: Awesome.

Speaker Change: Thank you Jonathan.

Speaker Change: Yes sure.

Hum.

Speaker Change: Hum.

Speaker Change: If you do it.

Speaker Change: So that's one of the countries.

Speaker Change: Thanks Charles.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: It could be outdoors.

Speaker Change: It could be outdoors.

Speaker Change: Oh, Yes, we will not ship anyway of women do it of course.

Speaker Change: Got it.

Speaker Change: Got it.

Speaker Change: Sure.

Speaker Change: Sure.

Sure.

Speaker Change: Okay.

Speaker Change: You too.

Speaker Change: Okay.

Speaker Change: As the year would it be that.

Speaker Change: Yeah.

Speaker Change: Okay.

Okay.

Speaker Change: Youre not shut off.

Speaker Change: Thank you.

Thank you.

Our friendship. Thank you management for taking my question. My question is regarding <unk> services segment as we have seen very good growth for this segment over the past few quarters.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

George.

Speaker Change: Yes.

Sure.

Speaker Change: Sure.

Speaker Change: Yes.

Speaker Change: Thank you.

Speaker Change: Thank you.

Speaker Change: Sure or what are the drivers behind and what is our expectations for the upcoming fourth quarter and in future in terms of onboard or might have been a strategy of UBS. Thank you.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Yes.

Yes.

Yes.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: Hum.

Speaker Change: Mark.

Speaker Change: Mark.

Speaker Change: No.

Speaker Change: Thanks.

Speaker Change: Thanks.

Speaker Change: So taking income build out was to buttress only go to Sundar.

Speaker Change: We become.

Speaker Change: It would become.

Speaker Change:

Speaker Change: Yeah.

Speaker Change: So I agree with you.

Speaker Change: Yeah.

Speaker Change: Yes.

Speaker Change: The tissue turned up no relief only under its own route anyway people will travel from China from our senior notes at all unless.

Speaker Change: Fitness.

Speaker Change: So in the past.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Thanks.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Now we've seen a very good question.

Speaker Change: Now we've seen a very good question.

Goldford: Goldford I'm always Englishman wherever you can shoot Fisher.

Robinson.

Robinson.

Speaker Change: Apparel.

Speaker Change: From apparel.

Goldford: And going forward will be our golf you did go down.

Speaker Change: Should put us.

Speaker Change: Sure.

Speaker Change: And also another one.

Goldford: They weren't even when she needs. How do you think this would go for me you got to be put in the years beyond.

Speaker Change: And also another one.

Speaker Change: That's been the most of the revenues.

Speaker Change: Most of the revenues.

Speaker Change: Sure.

Speaker Change: It might be.

Speaker Change: It might be.

Speaker Change: Yes.

Speaker Change: Uh huh.

Speaker Change: Thanks for the question. So it was yes, very added business or services maintained a double digit growth for two consecutive quarters. This year.

Speaker Change: And also how this is going to be.

Speaker Change: This is godfrey.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Our main strategies.

Speaker Change: Oh geez.

Speaker Change: Worboys 18 weathering.

Speaker Change: Weibo is taking.

Mother in law.

Speaker Change: Mainly due to the continuous growth of the membership business revenue and on one hand, as we have already shot in the prepared remarks as you can see that our China strategy is pretty much focused on the acquisition and also the activity of the high quality users and this is our focus in 2024 and this has enabled our platform to retain a high proportion of high value.

Speaker Change: During launch.

Speaker Change: Losses be competitive.

Speaker Change: The competitive and jealous.

Speaker Change: I was wondering based on the chip.

Speaker Change: Understood.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay great.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yeah.

Speaker Change: Chip.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: So at the end of.

Speaker Change: End of <unk>.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: No.

Speaker Change: Thanks.

Speaker Change: Questions.

Speaker Change: Thanks, Ken.

Speaker Change: And also this particular user group has a very strong and also even stronger demand for value added services.

Speaker Change: From the line of Matthew.

Speaker Change: There are no not at all.

I'll just go ahead.

Speaker Change: Oh Wow.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: Thanks, Good morning.

Speaker Change: Okay.

Speaker Change: But we ought to be for the Oklahoma area with any known procedural finishing work on controlling the timing tape out neutral to us.

Speaker Change: Right.

Speaker Change: Thanks, Brett.

Speaker Change: Sure.

Speaker Change: Sure.

Sure.

Speaker Change: Got it.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Permian topical.

Speaker Change: John.

Speaker Change: Oh, no. It's actually all change on your books you could argue that you are excited to Usher all fashion that you got in June.

Speaker Change: Okay.

Thank you.

Speaker Change: Okay.

Speaker Change: Yes, Michael.

Speaker Change: Yeah.

Michael.

Speaker Change: Hey, Matt.

Speaker Change: Okay.

Speaker Change: So we got a sheet harsh reduction either.

Speaker Change: Thank you Joe.

Speaker Change: Uhm.

Speaker Change: Your line is open.

Speaker Change: Your line yet.

Speaker Change: But.

Speaker Change: Sure.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: And also around focusing on those high value users are also we have been doing some of the R&D for new products. According to their needs for instance, the launch of S. VIP, which has further upgraded the social right then also interest and all.

Speaker Change: Perfect.

Speaker Change: Uhm.

Speaker Change: Okay.

Speaker Change: Management.

Speaker Change: Okay.

Speaker Change: Next question.

Sure.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Excellent.

Speaker Change: Exactly.

Speaker Change: Eric.

Speaker Change: Eric.

Speaker Change: Good morning.

Speaker Change: Good morning.

Speaker Change: Hi.

Speaker Change: Okay.

Okay.

Speaker Change: Youre welcome.

Speaker Change: Yes.

Speaker Change: So we can see that starting from Q2, we began to promote the identity authentication rights and interests of the social media based on numbers and also this has helped us to enhance the conversion efficiency of the other social rights and also interesting.

Speaker Change: But what it is.

Speaker Change: But what it is.

Speaker Change: Okay.

Speaker Change: Okay great.

Great.

Hum.

Speaker Change: Hum.

Speaker Change: Okay. Thank you.

Speaker Change: Thank you.

Speaker Change: Thank you.

Speaker Change: Sure.

Speaker Change: Let me add.

No.

Speaker Change: Okay.

Speaker Change: Yes.

Yeah.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: The only way that $10 million each one of them reach out and we have a proof of mentor to me I don't know if you don't quote, but it turns out I'm not sure when appropriate to ensure you're calling them anywhere from half of whom timberlands usually go to many of them in the bundle, but I thought I heard that you show a bubble at the top in the Ocean Patriot Crusher.

Speaker Change: Yes.

Speaker Change: Yeah.

Speaker Change: Yeah.

Speaker Change: Can you tell me.

Speaker Change: Can you tell me.

Yes.

Speaker Change: Yes.

Speaker Change:

Speaker Change: Absolutely.

Speaker Change: Yes.

Speaker Change: Really.

Speaker Change: Yes.

Speaker Change: Sure.

Speaker Change: Hum.

Speaker Change: Hope you didn't go down.

Speaker Change: Hope you didn't go down.

At least.

Speaker Change: Okay.

Speaker Change: Oh, okay.

Speaker Change: Sure.

Speaker Change: Do you think.

Speaker Change: To us it appears for sure the films and some even in Q2 Q silicones, if we not I agree buses so called it doesn't actually work.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: Thanks for the question.

Speaker Change: Thanks for the question.

Speaker Change: Yes.

Yes.

Speaker Change: Yes.

Speaker Change: Or services.

Speaker Change: Or services.

Speaker Change: Okay.

Speaker Change: Got it and also at the same.

Speaker Change: Okay.

Speaker Change: Yes.

Okay.

Speaker Change: Due to the consumer.

Speaker Change: Same time in terms of the B plus a added value services provided to those key accounts. The big boost. This year also we have been seeing a very good growth and rapid growth and this has helped us to really enrich the content.

Speaker Change: We do too.

Speaker Change: Good morning.

Speaker Change: I wanted to ask.

Speaker Change: No one.

Speaker Change: Right.

Speaker Change: Mark.

Speaker Change: Are you seeing at all.

Speaker Change: Okay.

Speaker Change: Thank you.

Speaker Change: Acquisition.

Speaker Change: Acquisition.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: The high quality used at this point.

Speaker Change: High quality users.

Speaker Change: The focus in 2000.

Speaker Change: In 2000.

<unk> system for finance education, and also the other sectors as well.

Speaker Change: This has enabled.

This has enabled.

Speaker Change: Great.

Speaker Change: Fortunately however, useless.

You can find that useful.

Speaker Change: This is not that helpful per se to the revenue growth, but still this is really helpful for us to construct a much better and integrated ecosystem.

Speaker Change: This.

Speaker Change: Yes.

Speaker Change: Brooks.

Speaker Change: Okay.

Speaker Change: One of them.

Speaker Change: One of them.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: We are positioned.

Speaker Change: So we expect that in Q2 the value added services revenue will still keep a very high growth rates.

Speaker Change: We are.

Speaker Change: Thank you.

Speaker Change: Thank you.

Speaker Change: Hum.

Speaker Change: Hum.

Speaker Change: Sure.

Speaker Change: Yeah.

Speaker Change: Right.

Okay.

Speaker Change: Yeah.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Thank you.

Speaker Change: Okay.

Speaker Change: Thank you we will.

Speaker Change: No.

Speaker Change: Yes.

Speaker Change: We'll now take the next question.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Sure.

Speaker Change: Yeah.

Yeah.

From the line of meat on that song from Bank of America Securities. Please go ahead.

Speaker Change: But.

Speaker Change: Got it.

Speaker Change: And also around.

Speaker Change: And also around.

Speaker Change: The high value users.

Speaker Change: The high value users.

Speaker Change: Uh huh.

Speaker Change: I'm also.

Speaker Change: Seasonal was achieving a dangerous Johnson Gwennie Thompson Chinese that's happening, yes, what's the angle from units in all.

Speaker Change: Also.

Speaker Change: Okay.

Speaker Change: Accordingly.

Speaker Change: Accordingly.

Speaker Change: So yes, we have.

Speaker Change: Yes.

Speaker Change: The whole digital platform that you show me on Russia, and China, Wow tell me that Oh, My gosh, it's a young adult and they'll kind of hit a female she's doing so soon.

Speaker Change: The other operators.

Speaker Change: The upgraded systems.

Speaker Change: So I suppose.

Speaker Change: Cause.

Speaker Change: And also we can see that.

Speaker Change: Also we can see.

Speaker Change: We began promoting.

Speaker Change: We began promoting.

Speaker Change: Uh huh.

Speaker Change: Thank you.

Speaker Change: Part of it is social media.

Speaker Change: The social media.

Speaker Change: And also I'll just add.

Speaker Change: And also just.

Speaker Change: Oh, what else when things Yahoo.

Speaker Change: Published inefficiency.

Speaker Change: Conversion efficiency.

Speaker Change: Can management provide some updates about the progress in AI in second half this year aspect like the content production commercialization, unlike operational efficiencies what kind of tangible benefits you can see.

Speaker Change: Understood.

Speaker Change: Understood.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: But anyway that theory.

Speaker Change: The only way to assembly.

Speaker Change: Yes.

Speaker Change: Uh huh.

Speaker Change: Uh huh.

Speaker Change: Hum.

Speaker Change: Hum.

Speaker Change: Okay.

Speaker Change: Right.

Speaker Change: Well done.

Speaker Change: It's been turned down.

Shanghai.

Speaker Change: Thank you.

Speaker Change: Okay.

Speaker Change: Midland <unk>.

Speaker Change: So simple and cheap.

Speaker Change: Thank you.

Speaker Change: Hum.

Speaker Change: Okay.

So until we can find out to ensure resilience by the Trillium with you before.

Speaker Change: Sure.

Speaker Change: Total about the outlook.

Speaker Change: Yes.

Speaker Change: Sure.

Speaker Change: Sure.

Speaker Change: Uh huh.

Speaker Change: Yeah.

Some people would retreat from the silver.

Speaker Change: Hi.

Speaker Change: No.

Speaker Change: Sure.

Speaker Change: Sure.

Speaker Change: When you start using <unk> cool sugar.

Speaker Change: Hum.

Speaker Change: Thank you.

Speaker Change: Yeah.

Speaker Change: But.

Speaker Change: Buses are better than us.

Speaker Change: So it's even from Yammer, you Gotta meantime, St. Louis Greer.

Speaker Change: Our better than us.

Speaker Change: Okay.

Speaker Change: Yeah.

Speaker Change: And finally for me.

Speaker Change: Got it.

Speaker Change: Analysts.

Speaker Change: Got it.

Speaker Change: Right.

Speaker Change: Yes.

Speaker Change: Hi.

Speaker Change: In terms of the.

Speaker Change: Yeah.

Speaker Change: Thanks for the question last quarter, we have already shared with everybody. The lodge model independent devoted by Weibo has successfully passed the fighting and also we've been using this launch to really improve the efficiency and also the operation converted you buy.

Speaker Change: Yes.

Speaker Change: Yes.

Speaker Change: How are you.

Speaker Change: You bet.

Speaker Change: That makes sense.

Speaker Change: This year also.

Speaker Change: Also we have.

Speaker Change: Sure.

Speaker Change: Yep.

Help us really in the language.

Speaker Change: Help us maybe in marine rich.

Speaker Change: Equally well.

Ecosystem.

Speaker Change: Well finance education.

Speaker Change: We will finance education.

By making a lot of the AI applications. So today I'm going to share with you my opinion from two aspects one is the product and the second one is the monetization strategies okay.

That business call.

Speaker Change: That business.

Speaker Change: This is not there.

Speaker Change: This is not bad.

Speaker Change: Maintenance.

Speaker Change: Maintenance.

Speaker Change: Thank you.

Speaker Change: Great.

Speaker Change: Oh that's.

Speaker Change: Oh I'm sorry.

Speaker Change: A much better.

Speaker Change: A much better.

Speaker Change: Great.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Right.

Speaker Change: Hmm.

Speaker Change: Wow.

Speaker Change: Yeah.

Speaker Change: No no I know youll become move I mean, my job and I.

Speaker Change: Got it.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Thank you to the <unk> team will be done you're going to be easier.

Speaker Change: Yes.

Speaker Change: A high growth rate.

Speaker Change: Very high growth rate.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Yes.

Speaker Change: Okay.

Speaker Change: Okay.

Essentially argued.

Speaker Change: Okay.

Speaker Change: Thank you.

Speaker Change: Thank you.

Speaker Change: Uh huh.

Speaker Change: Thank you.

Speaker Change: Thank you.

Speaker Change: Listen I'll take that.

Speaker Change: It was down due to some time ago I can do is truthful humor.

Speaker Change: Take that.

Speaker Change: Sure.

Speaker Change: Right.

Speaker Change: From the line of me to answer.

Speaker Change: From the line of meat on that.

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Speaker Change: So first of all in Q3 are we primarily applied the AI based intelligent search functions and also you can see that in Q3 versus that of Q2, we've been seeing a around a 10% growth for both do you use are using intelligent search in and also the traffic as well.

Speaker Change: Right.

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Speaker Change: Yeah Nathan.

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Speaker Change: And at the current stage in terms of your total M. A use of our using intelligence searching features. This has this number has already exceeded 20 million, which is the double its actually a based on the number of the last quarter.

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Speaker Change: Previously generated contents.

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Speaker Change: Two having the new content generate chip and also in Q3, we've been adding some of the new features to this AI teacher for instance, the summary of the key questions and also the self training for the bloggers and also the total number of toll users in Q3 has already been increasing a lot comparing with that.

Speaker Change: Q2, two and also for those accounts that are already applied for the trial and also for the test use the retain rate is already exceeding 85%.

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Speaker Change: And also in Q3, we've been already applying the AI in the technology Department of Weibo on to facilitate that you've called out R&D and also technological R&D as well and also we have been actively using the vehicle would feature in Q4 to further increase the efficiency of the <unk>.

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coffee Walsh: The team will be done is on the ECM.

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coffee Walsh: Diesel.

coffee Walsh: Thank you.

Speaker Change: We do not have a lot of cigarettes to be shared with everyone. So please stay tune for another one or two quarters before you are able to see a lot of us statistics coming out from this application.

coffee Walsh: Okay.

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coffee Walsh: Turning to a quick one.

Speaker Change: To put a tissue right.

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Speaker Change: So first of all in Q3.

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Speaker Change: Thank you Mohit.

Speaker Change: Primarily applied the AI based intelligent search functions and also you can see that in Q3 versus Q2, we've been seeing a around a 10% growth for both of US are using intelligent search and <unk> and also the biggest flops and at the current stage in terms of total <unk>.

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Speaker Change: Thank you there are no further questions at this time I would like to hand back over to management for closing remarks.

Speaker Change: Yeah.

Speaker Change: Thanks, I'll play there is wrap up our conference call today. Thank you for joining US we'll see you next quarter.

Speaker Change: Yeah.

Speaker Change: By using intelligence searching.

Speaker Change: This concludes today's conference call. Thank you for participating you may now disconnect.

Speaker Change: And this number has already exceeded 20 million, which is the double its actually a based on the number of the last quarter.

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Speaker Change: Having the new content generation chips and also in Q3, we've been adding some new features to the AI teacher for instance, the summary of other key questions and also the self training for the bloggers and also the total number of trial users in Q3 has already been increasing a lot.

Speaker Change: With that all Q2 and also for those accounts.

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Speaker Change: Retain rate is already exceeding 85%.

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Speaker Change: And also in Q3, we've been already applying the AI in the technology Department of Weibo on to facilitate that you've put out R&D and also technological R&D as well and also we have been actively using the vehicle feature in order to further increase the efficiency of the <unk>.

Speaker Change: Coding and programming also technicians now but of course the current state.

Speaker Change: We do not have a lot of cigarettes to be shared with everyone. So please stay tune for another one or two quarters before you are able to see a lot of statistics coming out from this application.

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Speaker Change: Okay.

Speaker Change: Thank you.

Speaker Change: Yeah.

Speaker Change: Thank you there are no further questions at this time I would like to hand over to management for closing remarks.

Speaker Change: Yeah.

Speaker Change: Thanks, I'll tell you that it's that's helpful context. Thank you for joining US we'll see you next quarter.

Speaker Change: This concludes today's conference call. Thank you for participating you may now disconnect.

Speaker Change: Okay.

Speaker Change: [music].

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Speaker Change: [music].

Judy: Okay.