06:25 AM EDT, 03/14/2024 (MT Newswires) -- Weibo ( WB ) reported Q4 adjusted earnings Thursday of $0.31 per diluted share, down from $0.75 per share a year earlier.

Analysts polled by Capital IQ expected $0.50 per share.

Revenue for the quarter ended Dec. 31 was $463.7 million, up from $448 million a year earlier.

Analysts surveyed by Capital IQ expected $456.3 million.

The company said it has approved a special dividend of $0.82 per ordinary share and American depositary share, payable by May 6 and May 13, respectively, to holders of record as of April 12.

Weibo's ( WB ) stock was up more than 8% in recent Thursday premarket activity.

Price: 10.5, Change: +0.8, Percent Change: +8.25