Bilibili (BILI) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.29 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this Chinese video sharing website would post a loss of $0.10 per share when it actually produced a loss of $0.09, delivering a surprise of 10%. Over the last four quarters, the compa ...

Revenue Growth - Total net revenues were RMB7.31 billion (US$1,041.0 million), representing a 26% year-over-year increase[2] - Total net revenues for the three months ended September 30, 2024, were RMB 7,305,620 thousand, a 19.2% increase compared to RMB 6,127,144 thousand in the previous quarter[27] - Mobile games revenues were RMB1.82 billion (US$259.7 million), representing an 84% year-over-year increase[2] - Mobile games revenue for the three months ended September 30, 2024, increased by 81.0% to RMB 1,822,609 thousand compared to RMB 1,007,367 thousand in the previous quarter[27] - Advertising revenues were RMB2.09 billion (US$298.5 million), representing a 28% year-over-year increase[2] Profitability - Gross profit was RMB2.55 billion (US$363.0 million), representing a 76% year-over-year increase, with gross profit margin reaching 34.9%[2] - Gross profit for the three months ended September 30, 2024, was RMB 2,547,186 thousand, a 38.9% increase from RMB 1,833,201 thousand in the previous quarter[27] - Net loss narrowed by 94% year-over-year to RMB79.8 million (US$11.4 million)[2] - Net loss attributable to Bilibili Inc.'s shareholders for the three months ended September 30, 2024, decreased significantly to RMB 79,515 thousand from RMB 608,700 thousand in the previous quarter[27] - Adjusted net profit was RMB235.9 million (US$33.6 million), compared with an adjusted net loss of RMB863.5 million in the same period last year[2] - Adjusted net profit for the three months ended September 30, 2024 was RMB 235.9 million, compared to an adjusted net loss of RMB 270.99 million for the three months ended June 30, 2024[31] - Adjusted net loss for the nine months ended September 30, 2024 was RMB 490.97 million, an improvement from the adjusted net loss of RMB 2.86 billion for the nine months ended September 30, 2023[31] - Adjusted net profit per share for the three months ended September 30, 2024 was RMB 0.57, compared to an adjusted net loss per share of RMB 0.65 for the three months ended June 30, 2024[32] - Adjusted net loss per share for the nine months ended September 30, 2024 was RMB 1.14, an improvement from the adjusted net loss per share of RMB 6.95 for the nine months ended September 30, 2023[32] - Adjusted net profit attributable to Bilibili Inc.'s shareholders for the three months ended September 30, 2024 was RMB 236.19 million, compared to an adjusted net loss of RMB 2.87 billion for the nine months ended September 30, 2023[31] User Metrics - Average daily active users (DAUs) reached 107.3 million, compared with 102.8 million in the same period last year[2] Cash Flow and Financial Position - Operating cash flow was RMB2.23 billion (US$317.1 million), compared with RMB277.4 million in the same period last year[2] - Cash flow from operating activities for the three months ended September 30, 2024, was RMB 2,225,629 thousand, a 27.1% increase from RMB 1,750,540 thousand in the previous quarter[30] - Cash and cash equivalents, time deposits, and short-term investments totaled RMB15.23 billion (US$2.17 billion) as of September 30, 2024[15] - Cash and cash equivalents as of September 30, 2024, were RMB 7,463,154 thousand, a 3.8% increase from RMB 7,191,821 thousand as of December 31, 2023[29] - Total assets as of September 30, 2024, were RMB 32,021,300 thousand, a 3.4% decrease from RMB 33,159,067 thousand as of December 31, 2023[29] Share Repurchase and Compensation - The company announced a share repurchase program of up to US$200 million over the next 24 months[17] - Share-based compensation expenses for the three months ended September 30, 2024, were RMB 297,111 thousand, a 14.5% increase from RMB 259,479 thousand in the previous quarter[28] - Share-based compensation expenses for the three months ended September 30, 2024 were RMB 297.11 million, compared to RMB 259.48 million for the three months ended June 30, 2024[31] Operating Expenses - Total operating expenses for the three months ended September 30, 2024, were RMB 2,613,865 thousand, an 8.1% increase from RMB 2,418,336 thousand in the previous quarter[27] - Research and development expenses for the three months ended September 30, 2024, were RMB 906,072 thousand, a 1.3% increase from RMB 894,701 thousand in the previous quarter[27] - Amortization expense related to intangible assets for the three months ended September 30, 2024 was RMB 41.78 million, consistent with the previous quarter[31] Other Financial Metrics - Weighted average number of ordinary shares for the three months ended September 30, 2024 was 417.85 million, a slight increase from 416.29 million in the previous quarter[32] - Adjusted loss from operations for the three months ended September 30, 2024 was RMB 523.91 million, compared to an adjusted loss of RMB 2.75 billion for the nine months ended September 30, 2023[31] - Net loss attributable to noncontrolling interests for the three months ended September 30, 2024 was RMB 15.83 million, compared to a net loss of RMB 10.81 million for the nine months ended September 30, 2023[31]

Financial Performance - Total net revenue for Q3 2024 reached RMB 7.306 billion (USD 1.041 billion), an increase of 26% year-over-year[7] - Gross profit was RMB 2.547 billion (USD 363 million), representing a 76% year-over-year increase, with a gross margin of 34.9%, up from 25.0% in the same period last year[7] - Adjusted net profit for Q3 2024 was RMB 236 million (USD 33.6 million), compared to an adjusted net loss of RMB 863 million in the same period last year[7] - Operating cash flow for Q3 2024 was RMB 2.226 billion (USD 317 million), compared to RMB 277 million in the same period last year[7] - Net loss narrowed by 94% to RMB 798 million (USD 114 million) compared to the same period in 2023[12] - Total operating expenses were RMB 2.614 billion (USD 372 million), reflecting a 2% increase from the previous year[10] - Adjusted operating profit was RMB 272 million (USD 38.8 million), compared to an adjusted operating loss of RMB 755 million in the same period last year[11] Revenue Breakdown - Mobile gaming revenue was RMB 1.823 billion (USD 260 million), up 84% year-over-year, driven by the strong performance of the exclusive licensed game "Three Kingdoms: Strategizing the World"[9] - Advertising revenue amounted to RMB 2.094 billion (USD 298 million), a 28% increase year-over-year, attributed to optimized advertising products and improved efficiency[9] - Value-added services revenue was RMB 2.821 billion (USD 402 million), a 9% increase year-over-year, mainly due to growth in live streaming and other value-added services[9] User Engagement - Daily active users (DAUs) reached 107.3 million, compared to 102.8 million in the same period last year, with average daily usage time increasing to 106 minutes[8] - The company is focused on retaining and enhancing user engagement, providing quality content, and expanding its product and service offerings[20] - The significant improvement in financial performance demonstrates the resilience of the company's business model and the substantial commercialization potential of its community[8] Cost Management - Operating costs amounted to RMB 4.758 billion (USD 678 million), an increase of 9% compared to the same period in 2023, primarily due to higher revenue sharing costs[10] - Sales and marketing expenses rose to RMB 1.202 billion (USD 171 million), a 21% increase year-over-year, driven by higher marketing expenditures for exclusive licensed games[11] - Research and development expenses decreased by 15% to RMB 906 million (USD 129 million), mainly due to the termination of several game projects in the previous year[11] - The company is actively managing costs and expenses as part of its strategic initiatives[20] Future Outlook - The company aims to enhance its commercialization capabilities and strengthen its community ecosystem for long-term value creation[8] - The company continues to focus on enhancing its user engagement and expanding its market presence, which is expected to drive future revenue growth[27] - Forward-looking statements are identified by terms such as "will," "expect," "anticipate," and involve inherent risks and uncertainties that may cause actual results to differ significantly from those projected[20] Shareholder Information - The company announced a share repurchase plan, authorizing up to USD 200 million in repurchases over the next 24 months[14] - The company will hold an earnings conference call on November 14, 2024, to discuss its third-quarter performance[15] - The company has a dedicated investor relations team available for inquiries, indicating a commitment to transparency and communication with stakeholders[21] Regulatory and Economic Environment - The company acknowledges the competitive landscape of the online entertainment industry and its impact on future performance[20] - The company is subject to regulatory policies and economic conditions in China, which may influence its operational strategies[20] Cash and Assets - Cash and cash equivalents, along with short-term investments, totaled RMB 15.234 billion (USD 2.171 billion) as of September 30, 2024[12] - Total assets as of September 30, 2024, were RMB 32,021,300, a decrease from RMB 33,159,067 as of December 31, 2023[25] - Total liabilities as of September 30, 2024, were RMB 18,298,184, down from RMB 18,754,800 as of December 31, 2023[25]

Bilibili (BILI) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The upward trend in estimate revisions for this Chinese video sharing website reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Bilibili (BILI) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question. Bilibili is a member of our Computer and Technology group, which includes 619 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector ...

Core Insights - Bilibili's stock has experienced significant growth, increasing by 82% year-to-date and 49% over the past six months, driven by strong operating results and renewed optimism in the Chinese market [1] Company Performance - The impressive stock performance of Bilibili reflects its status as a digital entertainment powerhouse in China, indicating robust operational metrics that have contributed to investor confidence [1] Market Sentiment - The renewed optimism in the Chinese market plays a crucial role in Bilibili's stock surge, suggesting a positive outlook for the digital entertainment sector in the region [1]

Wall Street expects a year-over-year increase in earnings on higher revenues when Bilibili (BILI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 14. ...

Core Viewpoint - Bilibili Inc. is set to report its third quarter 2024 unaudited financial results on November 14, 2024, before U.S. market opening [1] Group 1: Earnings Conference Call - The management will host an earnings conference call at 7:00 AM U.S. Eastern Time on November 14, 2024 [2] - Participants must register online in advance to receive dial-in numbers and a personal PIN for the conference call [2] - A live webcast of the conference call will be available on the Company's investor relations website, with a replay accessible after the session [3] Group 2: Company Overview - Bilibili is a leading video community in China, focusing on enriching the lives of young generations through diverse video content [4] - The platform is known for its "bullet chatting" feature, enhancing user engagement by allowing live comments during video viewing [4] - Bilibili aims to promote Chinese culture globally while fostering a strong community among users and content creators [4]

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Bilibili (BILI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Bilibili is a member of the Computer and Technology sect ...

SHANGHAI, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Bilibili Inc. (“Bilibili” or the “Company”) (Nasdaq: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that it is notifying holders of its 0.50% Convertible Senior Notes due 2026 (CUSIP No. 090040AF3) (the “Notes”) that, pursuant to the Indenture dated as of November 23, 2021 (the “Indenture”) relating to the Notes by and between the Company and Deutsche Bank Trust Company Americas, as trustee, each ...