Weibo Corporation

The conference will begin shortly. To raise your hand during Q&A, you can dial star 1-1. Good day and thank you for standing by. Welcome to Weibo's second quarter 2022 financial results call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you need to press star 11 on your telephone. Please be advised that today's conference is being recorded. And now, I'd like to hand the conference over to Ms. Sandra Zhang from Weibo IR team. Thank you. Please go ahead.

Thank you, operator. Welcome to Weibo's Second Quarter 2022 Earnings Conference Call. Joining me today are our Chief Executive Officer, Gaofei Wang, and our Chief Financial Officer, Fei Tao. The conference call is also being broadcasted on the internet and is available through Weibo's IR website. Before the management remarks, I would like to read you the safe harbor statement in connection with today's conference call. During today's conference call, we may make forward-looking statements, statements that are not historical facts, including statements of our beliefs and expectations. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause X result to differ materially from those contained in any full looking statement. Weibo assumes no obligation to update the full looking statement in this conference call and elsewhere. Further information regarding this and other risks is included in Weibo's annual report on Form 20F and other filings with the SEC. All the information provided in this press release is occurring as of the date hereon. Weibo assumes no obligation to update such information, except as a required and applicable law. Additionally, I would like to remind you that our discussion today includes certain non-GAAP measures, which exclude 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 the future prospects. Our non-GAAP financials exclude certain expenses gains or losses, and other items that are not expected to result in future cash payment and are not recurring in nature or are not indicative of our core operating result and outlook. Please refer to our press release for more information about our non-debt measures. Following mentioned prepared remarks, we open the lines for a brief Q&A session. With this, I would like to turn the call over to our CEO, Gao Fei Wang. Thank you. Hello, everyone, and welcome to Weibo's second quarter 2022 earnings conference call.

On today's call, I will share with you highlights in Weibo's user product monetization in the second quarter of 2022. On the user front, Weibo's MAU reached 582 million, and the average deal used reached 252 million in June 2022, adding approximately 16 million and 7 million users year-over-year respectively.