Weibo Corporation is facing a neutral outlook for its 3Q23 performance, with results to be reported on November 9th. 

The economic recovery in China has been slower than anticipated, failing to bolster public confidence in the economic future. 

Despite late economic stimuli initiated by the central government in August 2023, aggressive monetary policies have been in place for the past ten months, including substantial MLF operations in September. 

This liquidity is expected to eventually reflect in the economy, potentially aiding Weibo's growth. 

Positive influences on Weibo's business include two major international sports events hosted in China. 

However, Weibo's operating metrics show a mixed picture, with a slight year-over-year increase in app usage but a decline in the search index for popular keywords and time spent on the app. The iOS app store rankings show a marginal fluctuation. 

Trading at a PE multiple below the three-year average, Weibo's valuation is affected by the depreciating Chinese currency, impacting earnings and revenue.