Technology
Weibo Announces Second Quarter 2024 Unaudited Financial Results
Published
1 month agoon
By
BEIJING, Aug. 22, 2024 /PRNewswire/ — Weibo Corporation (“Weibo” or the “Company”) (Nasdaq: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the second quarter ended June 30, 2024.
“Our user engagement and operating efficiency have further improved this quarter,” said Gaofei Wang, CEO of Weibo. “On the user front, we emphasized on the acquisition and engagement of high quality users and saw improved user engagement this quarter. On the content front, we further optimized our content ecosystem through reinforcement of our core strength and solid execution of our vertical content strategy. On the monetization front, we are encouraged to see Weibo’s strength in hot trends and vertical content ecosystem has become the key driver of topline recovery. Underpinned by our stabilized overall business and consistent disciplined spending, our operating efficiency has improved this quarter.”
Second Quarter 2024 Highlights
Net revenues were US$437.9 million, a decrease of 1% year-over-year or an increase of 1% year-over-year on a constant currency basis [1].Advertising and marketing revenues were US$375.3 million, a decrease of 3% year-over-year or a decrease of 1% year-over-year on a constant currency basis [1].Value-added services (“VAS”) revenues were US$62.6 million, an increase of 15% year-over-year or an increase of 18% year-over-year on a constant currency basis [1].Income from operations was US$135.4 million, representing an operating margin of 31%.Net income attributable to Weibo’s shareholders was US$111.9 million and diluted net income per share was US$0.43.Non-GAAP income from operations was US$157.6 million, representing a non-GAAP operating margin of 36%.Non-GAAP net income attributable to Weibo’s shareholders was US$126.3 million and non-GAAP diluted net income per share was US$0.48.Monthly active users (“MAUs”) were 583 million in June 2024.Average daily active users (“DAUs”) were 256 million in June 2024.
[1] We define constant currency (non-GAAP) by assuming that the average exchange rate in the second quarter of 2024 had been the same as it was in the second quarter of 2023, or RMB7.03=US$1.00.
Second Quarter 2024 Financial Results
For the second quarter of 2024, Weibo’s total net revenues were US$437.9 million, a decrease of 1% compared to US$440.2 million for the same period last year.
Advertising and marketing revenues for the second quarter of 2024 were US$375.3 million, a decrease of 3% compared to US$385.7 million for the same period last year. Advertising and marketing revenues excluding advertising revenues from Alibaba were US$342.9 million, a decrease of 4% compared to US$358.9 million for the same period last year.
VAS revenues for the second quarter of 2024 were US$62.6 million, an increase of 15% year-over-year compared to US$54.6 million for the same period last year, primarily driven by the growth of revenues from membership services.
Costs and expenses for the second quarter of 2024 totaled US$302.5 million, a decrease of 5% compared to US$316.8 million for the same period last year. In addition to the foreign exchange impact, the decrease mainly resulted from lower personnel related costs.
Income from operations for the second quarter of 2024 was US$135.4 million, compared to US$123.5 million for the same period last year. Operating margin was 31%, compared to 28% last year. Non-GAAP income from operations was US$157.6 million, compared to US$153.8 million for the same period last year. Non-GAAP operating margin was 36%, compared to 35% last year.
Non-operating income for the second quarter of 2024 was US$11.4 million, compared to non-operating loss of US$13.8 million for the same period last year. Non-operating income for the second quarter of 2024 mainly included (i) net interest and other income of US$11.2 million; (ii) gain from fair value change of investments of US$9.3 million, which was excluded under non-GAAP measures; and (iii) impairment in equity investment of US$9.0 million, which was excluded under non-GAAP measures.
Income tax expenses for the second quarter of 2024 were US$33.3 million, compared to US$25.5 million for the same period last year. The increase was primarily due to withholding tax accrued related to earnings to be remitted to Weibo Hong Kong Limited from its wholly-owned subsidiary in China.
Net income attributable to Weibo’s shareholders for the second quarter of 2024 was US$111.9 million, compared to US$81.4 million for the same period last year. Diluted net income per share attributable to Weibo’s shareholders for the second quarter of 2024 was US$0.43, compared to US$0.34 for the same period last year. Non-GAAP net income attributable to Weibo’s shareholders for the second quarter of 2024 was US$126.3 million, compared to US$126.4 million for the same period last year. Non-GAAP diluted net income per share attributable to Weibo’s shareholders for the second quarter of 2024 was US$0.48, compared to US$0.53 for the same period last year.
As of June 30, 2024, Weibo’s cash, cash equivalents and short-term investments totaled US$2.8 billion. For the second quarter of 2024, cash provided by operating activities was US$132.1 million, capital expenditures totaled US$10.3 million, and depreciation and amortization expenses amounted to US$14.5 million.
Conference Call
Weibo’s management team will host a conference call from 7:00 AM to 8:00 AM Eastern Time on August 22, 2024 (or 7:00 PM to 8:00 PM Beijing Time on August 22, 2024) to present an overview of the Company’s financial performance and business operations.
Participants who wish to dial in to the teleconference must register through the below public participant link. Dial in and instruction will be in the confirmation email upon registering.
Participants Registration Link:
https://register.vevent.com/register/BI8263b36dae6d4ec0b241bfee48aa09d0
Additionally, a live and archived webcast of this conference call will available at http://ir.weibo.com.
Non-GAAP Financial Measures
This release contains the following non-GAAP financial measures: non-GAAP income from operations, non-GAAP net income attributable to Weibo’s shareholders, non-GAAP diluted net income per share attributable to Weibo’s shareholders and adjusted EBITDA. These non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company’s financial performance prepared in accordance with U.S. GAAP.
The Company’s non-GAAP financial measures exclude stock-based compensation, amortization of intangible assets resulting from business acquisitions, net results of impairment and provision on investments, gain/loss on sale of investments and fair value change of investments, non-GAAP to GAAP reconciling items on the share of equity method investments, non-GAAP to GAAP reconciling items for the income/loss attributable to non-controlling interests, income tax expense related to the amortization of intangible assets resulting from business acquisitions and fair value change of investments (other non-GAAP to GAAP reconciling items have no tax effect), and amortization of issuance cost of convertible senior notes, unsecured senior notes and long-term loans. Adjusted EBITDA represents non-GAAP net income attributable to Weibo’s shareholders before interest income/expense, net, income tax expenses/benefits, and depreciation expenses.
The Company’s management uses these non-GAAP financial measures in their financial and operating decision-making, because management believes these measures reflect the Company’s ongoing operating performance in a manner that allows more meaningful period-to-period comparisons. The Company believes that these non-GAAP financial measures provide useful information to investors and others in the following ways: (i) in comparing the Company’s current financial results with the Company’s past financial results in a consistent manner, and (ii) in understanding and evaluating the Company’s current operating performance and future prospects in the same manner as management does. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gains/losses and other items (i) that are not expected to result in future cash payments or (ii) that are non-recurring in nature or may not be indicative of the Company’s core operating results and business outlook.
Use of non-GAAP financial measures has limitations. The Company’s non-GAAP financial measures do not include all income and expense items that affect the Company’s operations. They may not be comparable to non-GAAP financial measures used by other companies. Accordingly, care should be exercised in understanding how the Company defines its non-GAAP financial measures. Reconciliations of the Company’s non-GAAP financial measures to the nearest comparable GAAP measures are set forth in the section below titled “Unaudited Reconciliation of Non-GAAP to GAAP Results.”
About Weibo
Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.
Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. Weibo generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. We are continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology, such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “confidence,” “estimates” and similar statements. Among other things, Weibo’s expected financial performance and strategic and operational plans, as described, without limitation, in quotations from management in this press release, contain forward-looking statements. Weibo may also make written or oral forward-looking statements in the Company’s periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. 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 statement. Potential risks and uncertainties include, but are not limited to, Weibo’s limited operating history in certain new businesses; failure to sustain or grow active user base and the level of user engagement; the uncertain regulatory landscape in China; fluctuations in the Company’s quarterly operating results; the Company’s reliance on advertising and marketing sales for a majority of its revenues; failure to successfully develop, introduce, drive adoption of or monetize new features and products; failure to compete effectively for advertising and marketing spending; failure to successfully integrate acquired businesses; risks associated with the Company’s investments, including equity pick-up and impairment; failure to compete successfully against new entrants and established industry competitors; changes in the macro-economic environment, including the depreciation of the Renminbi; and adverse changes in economic and political policies of the PRC government and its impact on the Chinese economy. Further information regarding these and other risks is included in Weibo’s annual reports on Form 20-F and other filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is current as of the date hereof, and Weibo assumes no obligation to update such information, except as required under applicable law.
Contact:
Investor Relations
Weibo Corporation
Phone: +86 10 5898-3336
Email: ir@staff.weibo.com
WEIBO CORPORATION
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of U.S. dollars, except per share data)
Three months ended
Six months ended
June 30,
March 31,
June 30,
June 30,
June 30,
2023
2024
2024
2023
2024
Net revenues:
Advertising and marketing
$ 385,674
$ 338,951
$ 375,277
$ 740,974
$ 714,228
Value-added services
54,566
56,546
62,596
113,044
119,142
Net revenues
440,240
395,497
437,873
854,018
833,370
Costs and expenses:
Cost of revenues (1)
94,272
86,821
89,790
180,125
176,611
Sales and marketing (1)
105,425
103,627
114,232
211,919
217,859
Product development (1)
92,945
80,726
71,689
183,621
152,415
General and administrative (1)
24,145
24,586
26,777
58,410
51,363
Total costs and expenses
316,787
295,760
302,488
634,075
598,248
Income from operations
123,453
99,737
135,385
219,943
235,122
Non-operating income (loss):
Investment related income (loss), net
(25,190)
(4,970)
245
1,965
(4,725)
Interest and other income (loss), net
11,357
(18,611)
11,182
14,039
(7,429)
(13,833)
(23,581)
11,427
16,004
(12,154)
Income before income tax expenses
109,620
76,156
146,812
235,947
222,968
Less: Income tax expenses
25,450
25,044
33,275
47,302
58,319
Net income
84,170
51,112
113,537
188,645
164,649
Less: Net income attributable to non-controlling interests
257
548
471
813
1,019
Accretion to redeemable non-controlling interests
2,526
1,126
1,135
5,953
2,261
Net income attributable to Weibo’s shareholders
$ 81,387
$ 49,438
$ 111,931
$ 181,879
$ 161,369
Basic net income per share attributable to Weibo’s shareholders
$ 0.35
$ 0.21
$ 0.47
$ 0.77
$ 0.68
Diluted net income per share attributable to Weibo’s shareholders
$ 0.34
$ 0.19
$ 0.43
$ 0.77
$ 0.63
Shares used in computing basic net income per share attributable
to Weibo’s shareholders
235,361
236,694
237,124
235,035
236,909
Shares used in computing diluted net income per share attributable
to Weibo’s shareholders
237,886
263,644
265,086
237,393
264,365
(1) Stock-based compensation in each category:
Cost of revenues
$ 2,238
$ 1,773
$ 1,527
$ 4,774
$ 3,300
Sales and marketing
4,113
3,823
3,211
8,726
7,034
Product development
13,256
10,438
8,293
27,056
18,731
General and administrative
6,460
4,978
4,176
13,136
9,154
WEIBO CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands of U.S. dollars)
As of
December 31,
June 30,
2023
2024
Assets
Current assets:
Cash and cash equivalents
$ 2,584,635
$ 1,922,371
Short-term investments
641,035
915,637
Accounts receivable, net
440,768
371,291
Prepaid expenses and other current assets
359,881
348,135
Amount due from SINA(1)
486,397
466,915
Current assets subtotal
4,512,716
4,024,349
Property and equipment, net
220,663
212,451
Goodwill and intangible assets, net
300,565
283,646
Long-term investments
1,320,386
1,281,402
Other non-current assets
926,028
1,300,437
Total assets
$ 7,280,358
$ 7,102,285
Liabilities, Redeemable Non-controlling Interests and Shareholders’ Equity
Liabilities:
Current liabilities:
Accounts payable
$ 161,493
$ 150,456
Accrued expenses and other current liabilities
666,833
625,542
Income tax payable
94,507
54,688
Deferred revenues
75,187
88,596
Unsecured senior notes
799,325
799,993
Current liabilities subtotal
1,797,345
1,719,275
Long-term liabilities:
Convertible senior notes
317,625
319,232
Unsecured senior notes
743,695
744,179
Long-term loans
791,647
793,479
Other long-term liabilities
112,430
112,553
Total liabilities
3,762,742
3,688,718
Redeemable non-controlling interests
68,728
38,217
Shareholders’ equity :
Weibo shareholders’ equity
3,398,735
3,325,636
Non-controlling interests
50,153
49,714
Total shareholders’ equity
3,448,888
3,375,350
Total liabilities, redeemable non-controlling interests and
shareholders’ equity
$ 7,280,358
$ 7,102,285
(1) Included short-term loans to and interest receivable from SINA of
US$445.2 million as of December 31, 2023 and US$430.1 million as of June 30, 2024.
WEIBO CORPORATION
UNAUDITED RECONCILIATION OF NON-GAAP TO GAAP RESULTS
(In thousands of U.S. dollars, except per share data)
Three months ended
Six months ended
June 30,
March 31,
June 30,
June 30,
June 30,
2023
2024
2024
2023
2024
Income from operations
$
123,453
$
99,737
$
135,385
$
219,943
$
235,122
Add:
Stock-based compensation
26,067
21,012
17,207
53,692
38,219
Amortization of intangible assets resulting from business acquisitions
4,271
5,059
5,011
8,710
10,070
Non-GAAP income from operations
$
153,791
$
125,808
$
157,603
$
282,345
$
283,411
Net income attributable to Weibo’s shareholders
$
81,387
$
49,438
$
111,931
$
181,879
$
161,369
Add:
Stock-based compensation
26,067
21,012
17,207
53,692
38,219
Amortization of intangible assets resulting from business
acquisitions
4,271
5,059
5,011
8,710
10,070
Investment related gain/loss, net (1)
25,190
4,970
(245)
(1,965)
4,725
Non-GAAP to GAAP reconciling items on the share of equity
method investments
(11,262)
25,358
(8,412)
(7,079)
16,946
Non-GAAP to GAAP reconciling items for the income/loss
attributable to non-controlling interests
(156)
(436)
(435)
(313)
(871)
Tax effects on non-GAAP adjustments (2)
(727)
(1,103)
(1,082)
(531)
(2,185)
Amortization of issuance cost of convertible senior notes, unsecured
senior notes and long-term loans
1,606
2,314
2,277
3,212
4,591
Non-GAAP net income attributable to Weibo’s shareholders
$
126,376
$
106,612
$
126,252
$
237,605
$
232,864
Non-GAAP diluted net income per share attributable to Weibo’s
shareholders
$
0.53
$
0.41
*
$
0.48
*
$
1.00
$
0.89
*
Shares used in computing GAAP diluted net income per share attributable
to Weibo’s shareholders
237,886
263,644
265,086
237,393
264,365
Shares used in computing non-GAAP diluted net income per share
attributable to Weibo’s shareholders
237,886
263,644
265,086
237,393
264,365
Adjusted EBITDA:
Net income attributable to Weibo’s shareholders
$
81,387
$
49,438
$
111,931
$
181,879
$
161,369
Non-GAAP adjustments
44,989
57,174
14,321
55,726
71,495
Non-GAAP net income attributable to Weibo’s shareholders
126,376
106,612
126,252
237,605
232,864
Interest (income) expense, net
1,366
(9,151)
(9,410)
(8,377)
(18,561)
Income tax expenses
26,177
26,147
34,357
47,834
60,504
Depreciation expenses
9,962
9,417
9,169
20,563
18,586
Adjusted EBITDA
$
163,881
$
133,025
$
160,368
$
297,625
$
293,393
Net revenues
$
440,240
$
395,497
$
437,873
$
854,018
$
833,370
Non-GAAP operating margin
35 %
32 %
36 %
33 %
34 %
(1)
To adjust impairment and provision on investments, gain/loss on sale of investments and fair value change of investments.
(2)
To adjust the income tax effects of non-GAAP adjustments, which primarily related to amortization of intangible assets resulting from business acquisitions and fair value
change of investments. Other non-GAAP adjustment items have no tax effect, because (i) they were recorded in entities established in tax free jurisdictions, or (ii) full
valuation allowances were provided for related deferred tax assets as it is more-likely-than-not they will not be realized.
*
Net income attributable to Weibo’s shareholders is adjusted for interest expense of convertible senior notes for calculating diluted EPS.
WEIBO CORPORATION
UNAUDITED ADDITIONAL INFORMATION
(In thousands of U.S. dollars)
Three months ended
Six months ended
June 30,
March 31,
June 30,
June 30,
June 30,
2023
2024
2024
2023
2024
Net revenues
Advertising and marketing
Non-Ali advertisers
$ 358,894
$ 316,400
$ 342,868
$ 695,925
$ 659,268
Alibaba – as an advertiser
26,780
22,551
32,409
45,049
54,960
Subtotal
385,674
338,951
375,277
740,974
714,228
Value-added services
54,566
56,546
62,596
113,044
119,142
$ 440,240
$ 395,497
$ 437,873
$ 854,018
$ 833,370
View original content:https://www.prnewswire.com/news-releases/weibo-announces-second-quarter-2024-unaudited-financial-results-302228379.html
SOURCE Weibo Corporation
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Furthermore, the SPARK 30 Series is also equipped with the Infrared Remote Control for 15 household devices, allowing intelligent control of home life, enabling a personalized space at will.
On the camera front, the SPARK 30 Pro boasts a 108MP main camera, complemented by 3x lossless zoom and 10x digital zoom, delivering finely tuned images no matter the distance. The SPARK 30’s SONY IMX682 Main Camera with 64MP, offers larger pixels, greater detail, and increased cropping flexibility. Equipped with TECNO AI, the SPARK 30 Series offers an array of advanced AI-driven features, including AIGC portrait, AI Eraser and AI Artboard, enhancing your productivity and creativity.
Lead by the masterful SPARK 30 and SPARK 30 Pro, the new SPARK 30 Series also features the exceptional SPARK 30C, SPARK 30 5G and SPARK 30C 5G. As well as a groundbreaking special edition device, the TRANSFORMERS collaboration adds a further layer of excitement for energetic youth, with exclusive branded merchandise and gift sets also available.
About TECNO
As a global innovative technology brand with operations in over 70 markets, TECNO has been committed to revolutionizing the digital experience in global emerging markets, relentlessly pushing for the perfect integration of contemporary, aesthetic design with the latest technologies. TECNO offers a wide range of smartphones, smart wearables, laptops and tablets, HiOS operating systems and smart home products. Guided by its brand essence of “Stop At Nothing”, TECNO is committed to unlocking the best and newest technologies for forward-looking individuals, inspiring them to never stop pursuing their best selves and their best futures. For more information, please visit TECNO’s official site: www.tecno-mobile.com.
ABOUT HASBRO
Hasbro is a leading toy and game company whose mission is to entertain and connect generations of fans through the wonder of storytelling and exhilaration of play. Hasbro delivers play experiences for fans of all ages around the world, through toys, games, licensed consumer products, digital games and services, location-based entertainment, film, TV, and more. With a portfolio of over 1,800 iconic brands including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, Hasbro Gaming, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands, Hasbro brings fans together wherever they are, from tabletop to screen.
Hasbro is guided by our Purpose to create joy and community for all people around the world, one game, one toy, one story at a time. For more than a decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media, one of the World’s Most Ethical Companies by Ethisphere Institute and one of the 50 Most Community-Minded Companies in the U.S. by the Civic 50. For more information, visit https://corporate.hasbro.com or @Hasbro on LinkedIn.
ABOUT TRANSFORMERS
The TRANSFORMERS brand is a global powerhouse franchise with millions of fans around the world. Since 1984, the battle between the Autobots and Decepticons has come to life in movies, TV shows, comic books, innovative toys, and digital media, bringing incredible “MORE THAN MEETS THE EYE” experiences to fans of all ages. The brand’s enduring connection is made possible by its rich storytelling and characters: the heroic Autobots who seek to protect all life.
View original content to download multimedia:https://www.prnewswire.com/news-releases/tecno-spark-30-series-launches-with-transformers-edition-converting-next-level-fluency-and-durability-302254900.html
SOURCE TECNO
Technology
DeepL unveils industry-first Glossary Generator to solve business communication and brand consistency challenges
Published
2 hours agoon
September 23, 2024By
Enhanced DeepL glossary functionality – including new glossary generator, expanded language support and more – will boost global business translations, saving time, effort, and costs
COLOGNE, Germany, Sept. 23, 2024 /PRNewswire/ — DeepL, a leading global Language AI company, today announced several updates to its glossary feature, which is a powerful tool that enhances translation consistency and accuracy by enabling professionals and companies to personalize translations for specific terms. The tool now offers the industry’s first smart glossary generator, which helps simplify and speed up the process of creating glossaries for translations. Glossary is also available in several new languages and within DeepL’s browser extensions and integrations, fitting seamlessly into existing workflows to offer an even more accessible and smooth user experience across the web and applications like Google Workspace and Microsoft 365.
“AI-powered translations are essential for businesses looking to overcome language barriers in today’s increasingly connected world, and DeepL’s powerful glossary tool takes this a step further by ensuring translations are personalized to a company’s unique phrases and needs,” said Christopher Osborne, VP of Product, DeepL. “We’re always looking for ways to improve the DeepL experience and drive even more value and ROI for 100,000+ customers worldwide, and these new capabilities make our glossary even more efficient, accessible and user-friendly – empowering teams to achieve the customization and consistency they are looking for, while minimising time spent on costly alternatives like manual translations or find-and-replace tools.”
For global businesses aiming to drive revenue growth, investing in brand consistency across all communications and languages is essential to ensure that every message—whether technical terminology, product names, or branded terms—resonates clearly with teams, customers, and markets worldwide. Consistent branding has been proven to increase revenue by 20% or more[1] and enhance visibility by 3 to 4 times[2] – however, maintaining this consistency can be expensive and complex. DeepL’s glossary tool simplifies this process, helping businesses and professionals easily create and scale high-quality, consistent multilingual communications across teams. With glossary, companies can create and manage custom translation glossaries to ensure that specific words or phrases are translated consistently according to their unique terminology.
DeepL’s glossary now offers the following expanded capabilities:
The industry’s first smart, AI-powered glossary generator: DeepL’s new glossary generator is a first-of-its-kind tool enabling teams to create custom translation glossaries with a simple file upload. Previously translated files can be leveraged to generate entries for personalized DeepL glossaries, reducing the need for manual work and significantly enhancing efficiency, enabling teams to facilitate more consistent communication at scale.Expanded glossary language functionality: Glossary now supports Korean, Danish, Swedish, Norwegian, and Romanian translations, bringing the total number of languages to 16. This allows for more precise and nuanced translations across a wider range of linguistic contexts, helping businesses reach a broader audience.More convenient access across DeepL platforms: Users are now able to access and apply the glossary directly within the DeepL browser extensions for Chrome and Edge, enabling consistent translations across the web, including Google Workspace applications. Furthermore, the glossary can now also be applied directly within DeepL for Microsoft 365 integrations, including Word, Outlook, and PowerPoint. Additionally, the glossary can be accessed through DeepL’s web browser, desktop apps, and API.
Unlike other find-and-replace tools, DeepL’s glossary excels with its advanced contextual understanding and ability to process complex grammatical elements—such as case, gender, and tense—to deliver nuanced, natural-sounding translations. This results in substantial productivity gains, largely due to the time saved in post-editing. Blind tests with language experts show that DeepL reduces post-editing time by 30% compared to Google Translate and 20% compared to Chat GPT-4. Furthermore, DeepL requires significantly fewer edits, with Google Translate and Chat GPT-4 needing two to three times as many feedback rounds.
Glossary with DeepL Pro also offers enhanced data security, including proprietary data centers, the highest level of certification and compliance standards (ISO 27001 certification, GDPR/SOC 2 type 2 compliance), data encryption, and a commitment to never using Pro customer data to train models.
DeepL’s glossary generator is now available to Pro Advanced and Ultimate subscribers with support for TMX/DOCX/PDF files. It is initially available for glossaries in German, Spanish, Japanese, Italian, French, and Russian (to and from English), with more languages coming soon.
Learn more about DeepL Pro and try out glossary yourself here.
About DeepL
DeepL is on a mission to break down language barriers for businesses everywhere. Over 100,000 businesses and governments and millions of individuals in 228 global markets trust DeepL’s Language AI platform for human-like translation and better writing. Designed with enterprise security in mind, companies around the world leverage DeepL’s AI solutions that are specifically tuned for language to transform business communications, expand markets, and improve productivity. Founded in 2017 by CEO Jaroslaw (Jarek) Kutylowski, DeepL today has over 900 passionate employees and is supported by world-renowned investors including Benchmark, IVP, and Index Ventures.
[1] Marq, “2021 Brand Consistency Report”
[2] Demand Metric x Lucid Press, “Impact of Brand Consistency” Report, 2016
View original content:https://www.prnewswire.com/apac/news-releases/deepl-unveils-industry-first-glossary-generator-to-solve-business-communication-and-brand-consistency-challenges-302254939.html
SOURCE DeepL
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