Operations and reorganization (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of the Company's major subsidiaries, VIE and VIE's subsidiary

Company	Date of Incorporation	Place of Incorporation	Percentage of Direct/ Indirect Economic Interest
Major Subsidiaries
Weibo Hong Kong Limited (“Weibo HK”)	July 19, 2010	Hong Kong	100	%

Weibo Internet Technology (China) Co., Ltd. (“Weibo Technology” or “the WFOE”)	October 11, 2010	PRC	100	%

Major VIE and VIE’s subsidiary
Beijing Weimeng Technology Co., Ltd (“Weimeng”)	August 9, 2010	PRC	100	%

Beijing Weibo Interactive Internet Technology Co., Ltd. (‘‘Weibo Interactive’’)	Acquired in May 2013	PRC	100	%

Schedule of total cost and expenses allocated from SINA

	Year Ended December 31,
	2014		2015		2016
	(In thousands)
Cost of revenues	$	1,124	$	6,550	$	11,022
Sales and marketing	17,417		1,263		1,271
Product development	17,238		12,981		9,094
General and administrative	6,581		3,884		4,316

	$	42,360	$	24,678	$	25,703

Schedule of assets, liabilities, results of operations and cash flows of the VIE and the VIE's subsidiaries taken as a whole, including the Predecessor Operations

	As of December 31,
	2015		2016
	(In thousands)
Cash, cash equivalents and short-term Investments	$	129,154	$	57,505
Accounts receivable	120,937		115,338
Property and equipment, net	1,277		357
Intangible assets	1,966		1,100
Goodwill	10,821		9,969
Prepayment for long-term investments	1,660		144
Long-term investments	38,104		49,195
Deferred tax assets	1,493		2,312
Amount due from SINA	—		12,163
Others	26,838		28,247


Total assets	$	332,250	$	276,330


Accounts payable	$	18,613	$	25,850
Accrued and other liabilities	47,487		64,879
Deferred revenues	29,567		38,313
Income tax payable	3,257		8,214
Amount due to SINA	8,465		—
Amount due to the subsidiaries of the Group	232,006		171,460
Deferred tax liability	477		274


Total liabilities	$	339,872	$	308,990

	Year Ended December 31,
	2014			2015			2016
	(In thousands)
Net revenues	$	298,767		$	391,568		$	530,598
Net loss	$	(6,351	)	$	(10,572	)	$	(21,758	)

	Year Ended December 31,
	2014			2015			2016
	(In thousands)
Net cash provided by operating activities	$	14,198		$	158,290		$	(42,556	)
Net cash used in investing activities	$	(9,552	)	$	(39,965	)	$	(28,577	)
Net cash used in financing activities	$	(5,997	)	$	—		$	(1,148	)

Net increase (decrease) in cash and cash equivalents	$	(1,351	)	$	118,325		$	(72,281	)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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