Core Insights - Bilibili achieved a total net revenue of RMB 7.69 billion (USD 1.08 billion) in Q3 2025, representing a 5% year-on-year increase [1] - Advertising revenue reached RMB 2.57 billion (USD 361 million), up 23% year-on-year [1] - Gross profit was RMB 2.82 billion (USD 396 million), an 11% increase year-on-year, with a gross margin of 36.7%, up from 34.9% in the same period of 2024 [1] - The company reported a net profit of RMB 469 million (USD 65.9 million), compared to a net loss of RMB 79.8 million in Q3 2024 [1] - Daily active users (DAUs) reached 117 million, a 9% increase year-on-year [1] User Metrics - Daily active users increased by 9% to 117 million, while monthly active users grew by 8% to 376 million [2] - Monthly paying users rose by 17% to 35 million [2] - Average daily usage time per user was 112 minutes, an increase of 6 minutes year-on-year, marking a historical high [2] Financial Performance - The company reported a significant improvement in financial performance, with a 233% year-on-year increase in non-GAAP net profit to RMB 786 million [2] - Non-GAAP net profit margin expanded to 10.2%, compared to 3.2% in Q3 2024 [2] - The company emphasized the importance of operational efficiency and effective cost control in achieving these results [2]

Group 1: Tencent Holdings - Tencent achieved revenue of 192.87 billion yuan in Q3 2025, a year-on-year increase of 15% [3] - Net profit attributable to equity holders was 63.13 billion yuan, up 19% year-on-year [3] - Key business segments showed robust growth: value-added services revenue was 95.9 billion yuan (+16%), marketing services revenue was 36.2 billion yuan (+21%), and fintech and enterprise services revenue was 58.2 billion yuan (+10%) [3] Group 2: JD Group - JD Group reported Q3 2025 revenue of 299.1 billion yuan, a 14.9% increase compared to Q3 2024 [4] - Net profit for Q3 2025 was 5.3 billion yuan, down from 11.7 billion yuan in Q3 2024 [4] - JD Retail's revenue for Q3 2025 was 250.6 billion yuan, an 11.4% increase year-on-year [4] Group 3: SMIC (Semiconductor Manufacturing International Corporation) - SMIC reported Q3 2025 revenue of 17.16 billion yuan, a year-on-year increase of 9.9% [5] - Net profit for Q3 2025 was 1.52 billion yuan, up 43.1% year-on-year [5] - The company achieved a gross margin of 25.5%, an increase of 4.8 percentage points quarter-on-quarter [5] Group 4: Bilibili - Bilibili's total net revenue for Q3 2025 reached 7.69 billion yuan, a 5% increase year-on-year [7] - Adjusted net profit was 786 million yuan, reflecting a significant increase of 233% year-on-year [7] - Key user metrics reached historical highs, with daily active users growing by 9% to 117 million and monthly active users increasing by 8% to 376 million [7]

哔哩哔哩美股盘前一度涨超6%。 更多消息，持续更新中 哔哩哔哩：2025年Q3营收76.85亿元，同比增长5.2%，市场预期76.54亿元，上年同期73.06亿元；净利润4.7亿 元，市场预期2.82亿元，上年同期净亏损0.8亿元。 | | | 截至以下日期止三個月 | | 截至以下日期止九個月 | | | --- | --- | --- | --- | --- | --- | | | 2024年 | 2025年 | 2025年 | 2024年 | 2025年 | | | 9月30日 | 6月30日 | 9月30日 | 9月30日 | 9月30日 | | | 人民幣 | 人民幣 | 人民幣 | 人民幣 | 人民幣 | | :螺烯酸肤 | | | | | | | 增值服務 | 2.821.269 | 2.836.596 | 3.022.526 | 7.916.066 | 8.666.462 | | 唐告 | 2.094.427 | 2.448.888 | 2.569.930 | 5.800.502 | 7.016.453 | | 移動遊戲 | 1.822.609 | 1.612.333 | 1.510.739 ...

(本文来自第一财经) 哔哩哔哩2025年Q3营收76.9亿元，同比增长5%；净利润为4.694亿元，2024年同期的净亏损为人民币 7980万元。 ...

Core Insights - Bilibili's net revenue for Q3 2025 reached 7.69 billion yuan, representing a year-on-year growth of 5% [1] - The adjusted net profit was 786 million yuan, showing a significant year-on-year increase of 233% [1] Financial Performance - The total net revenue of Bilibili for Q3 2025 was 7.69 billion yuan [1] - Year-on-year revenue growth was recorded at 5% [1] - Adjusted net profit for the same period was 786 million yuan [1] - The adjusted net profit saw a remarkable increase of 233% compared to the previous year [1]

每经AI快讯，11月13日，哔哩哔哩美股盘前大涨超6%，其第三季度经调整净利润为7.86亿元，同比增 长233%。 ...

哔哩哔哩盘前涨近6%，2025年Q3净利润4.7亿元，市场预期2.82亿元，上年同期净亏损0.8亿元。 来源：滚动播报 ...

11月13日晚间，哔哩哔哩在港交所公告，2025年第三季度净营业额总额达人民币76.9亿元，同比增加 5%；净利润为人民币469.4百万元，2024年同期则录得净亏损人民币79.8百万元；经调整净利润为人民 币786.3百万元，同比增加233%。 ...

风险提示及免责条款 哔哩哔哩：2025年Q3营收76.85亿元，同比增长5.2%，市场预期76.6亿元。 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 ...

User Metrics - Daily active users reached 117.3 million, a year-over-year increase of 9%[11] - Monthly active users grew to 376 million, a year-over-year increase of 8%[11] - Average daily usage time per user was 112 minutes, an increase of 6 minutes year-over-year[11] Financial Performance - Total net revenue amounted to RMB 7.69 billion (USD 1.08 billion), a year-over-year increase of 5%[12] - Advertising revenue was RMB 2.57 billion (USD 361.0 million), a year-over-year increase of 23%[13] - Gross profit was RMB 2.82 billion (USD 395.8 million), a year-over-year increase of 11%, with a gross margin of 36.7%[11] - Net profit reached RMB 469.4 million (USD 65.9 million), compared to a net loss of RMB 798 million in the same period last year[11] - Adjusted net profit was RMB 786.3 million (USD 110.5 million), a year-over-year increase of 233%[12] Revenue Breakdown - Value-added services revenue was RMB 3.02 billion (USD 424.6 million), a year-over-year increase of 7%[12] - Mobile gaming revenue decreased by 17% to RMB 1.51 billion (USD 212.2 million) due to high base effects from the previous year[13] Operating Expenses - Total operating expenses amounted to RMB 2.46 billion (USD 346.1 million), a decrease of 6% compared to the same period in 2024[14] - Sales and marketing expenses were RMB 1.05 billion (USD 147.6 million), down 13% year-over-year due to reduced gaming marketing expenditures[15] Profitability - Operating profit was RMB 353.9 million (USD 49.7 million), compared to an operating loss of RMB 66.7 million in the same period of 2024[15] - Adjusted operating profit increased by 153% to RMB 687.9 million (USD 96.6 million) compared to the same period in 2024[15] - Adjusted net profit increased by 233% to RMB 786.3 million (USD 110.5 million) compared to the same period in 2024[16] Cash and Investments - Cash and cash equivalents, along with short-term investments, totaled RMB 23.49 billion (USD 3.30 billion) as of September 30, 2025[16] - The company repurchased a total of 6.4 million shares at a total cost of USD 116.4 million under a two-year USD 200 million share repurchase plan approved by the board[17] Earnings Per Share - Basic and diluted earnings per share were RMB 1.13 (USD 0.16) and RMB 1.05 (USD 0.15), respectively, compared to a basic and diluted loss per share of RMB 0.19 in the same period of 2024[16] Future Outlook - The company expects to continue expanding its user base and enhancing content quality, which is crucial for future revenue growth[25] Assets and Liabilities - Total assets increased from RMB 32.70 billion in 2024 to RMB 39.93 billion in 2025, representing a growth of approximately 22.0%[32] - Total liabilities increased from RMB 18.59 billion in 2024 to RMB 25.04 billion in 2025, marking a rise of approximately 34.7%[32] - The company’s equity attributable to shareholders increased from RMB 14.10 billion in 2024 to RMB 14.89 billion in 2025, a growth of about 5.5%[32] - The company’s long-term debt surged from RMB 3.26 billion in 2024 to RMB 8.06 billion in 2025, an increase of approximately 147.0%[32] Conference Call - The company will hold an earnings conference call on November 13, 2025, at 7 AM ET[19]