Financial Performance - Total revenues for Bilibili Inc. reached RMB 19,383,684 thousand for the year ended December 31, 2021, a significant increase compared to RMB 11,998,976 thousand in 2020, reflecting a growth of approximately 61.5%[31] - The net loss attributable to Bilibili Inc.'s shareholders was RMB 6,789,228 thousand for the year ended December 31, 2021, compared to a net loss of RMB 3,011,704 thousand in 2020, indicating an increase in losses of about 125.7%[31] - Total costs and expenses for Bilibili Inc. were RMB 25,812,758 thousand for the year ended December 31, 2021, up from RMB 15,139,939 thousand in 2020, marking an increase of about 70.5%[31] - The company reported a loss before income tax expenses of RMB 6,713,450 thousand for the year ended December 31, 2021, compared to a loss of RMB 3,000,648 thousand in 2020, indicating a deterioration of about 123.4%[31] - The company experienced a net loss of RMB 6,808,739 thousand for the year ended December 31, 2021, compared to a net loss of RMB 3,054,017 thousand in 2020, representing an increase of approximately 122.5%[31] Revenue Sources - Revenues contributed by the VIEs accounted for 97.2%, 86.0%, and 74.5% of total revenues for the years 2019, 2020, and 2021, respectively[15] - Third-party revenues from other subsidiaries amounted to RMB 2,903,818 thousand for the year ended December 31, 2021, compared to RMB 2,160,009 thousand in 2020, representing a growth of approximately 34.4%[31] - Revenue from Value-Added Services (VAS) increased from 24.2% in 2019 to 35.8% in 2021, indicating a growing reliance on this revenue stream[72] Costs and Expenses - Loss from subsidiaries and VIEs was RMB 6,713,764 thousand for the year ended December 31, 2021, compared to RMB 3,011,704 thousand in 2020, reflecting an increase of approximately 123.5%[31] - Content costs increased from RMB1,001.6 million in 2019 to RMB2,694.8 million (US$422.9 million) in 2021, reflecting a significant rise in expenses associated with acquiring or producing popular content[63] - The company incurred significant losses from operations amounting to RMB1,495.2 million in 2019, RMB3,141.0 million in 2020, and RMB6,429.1 million (US$1,008.9 million) in 2021, indicating a trend of increasing losses over the years[47] Cash Flow and Financing - The company reported a net cash used in operating activities of RMB (2,647,008) thousand for the year ended December 31, 2021[36] - The company reported a net cash provided by financing activities of RMB 30,389,152 thousand, highlighting strong financing efforts[36] - Bilibili Inc. raised RMB 19,288,423 thousand from the issuance of convertible senior notes, net of issuance costs[36] - The company issued US$500 million in convertible senior notes due 2026 with an interest rate of 1.375% per year[147] - In June 2020, the company issued US$800 million in convertible senior notes due 2027 with an interest rate of 1.25% per year[147] Regulatory Environment - The PRC government has indicated an intent to exert more oversight over overseas offerings, creating uncertainties for future capital raising activities[20] - The company faces risks related to compliance with PRC laws and regulations, which could impact its operational structure and financial performance[40] - The company is subject to significant competition in the video-based industry in China, competing for users, content providers, and advertisers[91] - The company must navigate the complexities of regulatory changes that may impact its ability to conduct offshore offerings and maintain its market position[212] User Engagement and Content - The business relies heavily on user-generated content, and any failure to attract and retain users could adversely affect its competitive position[39] - In 2021, 92.7% of total video views were from user-generated video content (PUGV), up from 91.4% in 2020, demonstrating a growing reliance on user-generated content[51] - The company faces challenges in attracting and retaining content creators, which is critical for expanding its content library and maintaining user engagement[49] Legal and Compliance Risks - The company is currently involved in approximately 210 lawsuits related to copyright infringement, which could divert resources and management attention[93] - The legal system in China may limit the effectiveness of enforcing contractual arrangements with VIEs, posing risks to operational control[182] - The company may incur substantial costs and resource diversion from litigation to enforce its intellectual property rights[100] Strategic Partnerships and Acquisitions - The company formed a strategic partnership with Riot Games in September 2020, acquiring a three-year exclusive license for live broadcasting League of Legends Esports events for an aggregate purchase price of RMB800 million (US$125.5 million)[63] - The company has made strategic acquisitions, including a controlling interest in Chaodian Inc. in July 2019 and the remaining interests in September 2020, which operates offline events and a talent agency[132] Market Expansion and Competition - The company anticipates further global market expansion, which may increase operational complexity and strain resources[77] - International expansion is a key growth strategy, but it presents challenges such as local market adaptation and brand recognition compared to the home market in China[170] - The company faces intense competition in the live broadcasting business, which may affect user retention and engagement[101] Technology and Security - The company has invested significant resources in developing and protecting its intellectual property, with potential risks from unauthorized use by third parties[99] - The company has experienced cyber-attacks and must continuously enhance its security measures to protect user data and maintain trust[61] - Compliance with PRC data security and personal information protection laws is becoming increasingly complex and costly, potentially impacting operational expenses[59]

Exhibit 99.1 Bilibili Inc. Announces 2021 Fourth Quarter and Fiscal Year Financial Results SHANGHAI, March 3, 2022 — 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 its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2021. Fourth Quarter 2021 Highlights: • Total net revenues reached RMB5,780.8 million (US$907.1 million), a 51% increase from the sa ...

انطاناتط 1 Investor Presentation March 2022 Safe Harbor Statement This announcement 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," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue," or other similar expressions. Among other things, the Effec ...

Bilibili Inc. (NASDAQ:BILI) Q3 2021 Earnings Conference Call November 17, 2021 7:00 AM ET Company Participants Juliet Yang – Executive Director of Investor Relations Rui Chen – Chairman of the Board and Chief Executive Officer Carly Li – Vice Chairwoman of the Board and Chief Operating Officer Xin Fan – Chief Financial Officer Conference Call Participants Alex Poon – Morgan Stanley Daniel Chen – JP Morgan Brian Gong – Citi Lei Zhang – Bank of America Operator Good day and welcome to the Bilibili 2021, Third ...

Financial Performance - Total net revenue reached RMB 4,495.3 million (USD 696.2 million), an increase of 72% year-over-year[2] - Total net revenue for the six months ended June 30, 2021, was RMB 8,396,327 thousand, representing a 70.5% increase compared to RMB 4,933,136 thousand for the same period in 2020[16] - Total net revenue for the second quarter of 2021 reached RMB 4,495,254 thousand, a 71.5% increase compared to RMB 2,617,601 thousand in the same period of 2020[40] - The company projects net revenue for Q3 2021 to reach between RMB 5.1 billion and RMB 5.2 billion[6] User Engagement - Monthly active users (MAUs) reached 237.1 million, a 38% increase year-over-year, while mobile MAUs reached 220.5 million, a 44% increase[2] - Daily active users (DAUs) reached 62.7 million, a 24% increase compared to the same period in 2020[26] - Average monthly paying users reached 20.9 million, a 62% increase year-over-year, with a paying ratio of 8.8% compared to 7.5% in the same period last year[2] Revenue Breakdown - Advertising revenue increased by 201% year-over-year to RMB 1,049.1 million (USD 162.5 million), accounting for 23% of total net revenue[3] - E-commerce and other revenue increased by 195% year-over-year to RMB 578.0 million (USD 89.5 million) due to increased product sales on the e-commerce platform[3] - Mobile games revenue for the six months ended June 30, 2021, was RMB 2,403,910 thousand, slightly up from RMB 2,398,590 thousand for the same period in 2020[16] - Advertising revenue for the six months ended June 30, 2021, reached RMB 1,763,836 thousand, a significant increase of 60.5% from RMB 1,097,109 thousand in the same period last year[16] - The company reported a significant increase in value-added services revenue, which reached RMB 1,634,943 thousand in the second quarter of 2021, compared to RMB 825,251 thousand in the same period of 2020[40] Operating Costs and Losses - Operating costs were RMB 3,506.3 million (USD 543.1 million), a 74% increase year-over-year[3] - Total operating expenses reached RMB 2,509.5 million (USD 388.7 million), a 107% increase year-over-year, driven by increased marketing and administrative costs[27] - Operating loss was RMB 1,520.6 million (USD 235.5 million), compared to RMB 610.1 million in the same period last year[5] - The company reported an operating loss of RMB 1,520,562 thousand for the second quarter of 2021, compared to an operating loss of RMB 610,118 thousand in the second quarter of 2020[40] - Net loss was RMB 1,121.8 million (USD 173.7 million), compared to RMB 570.9 million in the same period last year[5] - The net loss for the six months ended June 30, 2021, was RMB 2,026,672 thousand, compared to a net loss of RMB 1,523,631 thousand for the same period in 2020, indicating a worsening of approximately 33.1%[43] Cash and Investments - Cash and cash equivalents, term deposits, and short-term investments totaled RMB 27.6 billion (USD 4.3 billion) as of June 30, 2021, up from RMB 12.8 billion at the end of 2020[5] - Cash and cash equivalents increased to RMB 11,493,570 thousand as of June 30, 2021, up from RMB 4,678,109 thousand as of December 31, 2020[18] - Total assets as of June 30, 2021, were RMB 43,293,222 thousand, compared to RMB 23,865,608 thousand as of December 31, 2020, indicating a growth of 81.5%[18] - The total liabilities increased to RMB 17,858,433 thousand as of June 30, 2021, from RMB 16,083,404 thousand as of December 31, 2020[18] Research and Development - Research and development expenses were RMB 673.7 million (USD 104.3 million), a 104% increase year-over-year[4] - Research and development expenses for the second quarter of 2021 totaled RMB 673,679 thousand, an increase from RMB 330,628 thousand in the second quarter of 2020[41] Corporate Governance - The company confirmed compliance with the corporate governance code as stipulated in the Hong Kong Listing Rules as of June 30, 2021[22] - The Nomination and Corporate Governance Committee consists of independent non-executive directors, ensuring adherence to legal and regulatory requirements[23] - The committee has reviewed the company's governance policies and practices to ensure compliance with legal and regulatory requirements[48] Adjusted Metrics - The adjusted net loss and adjusted basic and diluted loss per share are non-GAAP financial metrics[6] - The adjusted net loss attributable to Bilibili Inc. shareholders was RMB 1,521,092 thousand, compared to RMB 2,024,133 thousand for the same period in 2020, representing a decrease of approximately 25%[19] - The adjusted net loss per share (basic) for the three months ended June 30, 2021, was RMB 2.23, compared to RMB 2.78 for the same period in 2020, indicating an improvement of about 20%[19] - The company emphasizes the use of non-GAAP financial measures to assess its operating performance, excluding stock-based compensation and other non-cash expenses[35]

Exhibit 99.1 Bilibili Inc. Announces First Quarter 2021 Financial Results SHANGHAI, May 13, 2021 — 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 its unaudited financial results for the first quarter ended March 31, 2021. First Quarter 2021 Highlights: • Total net revenues reached RMB3,901.1 million (US$595.4 million), a 68% increase from the same period in 2020. • Average monthly active ...

Reporting and Compliance - Bilibili Inc. will not prepare or publish an annual report according to the Hong Kong Listing Rules[2] - Shareholders and potential investors can access the annual report submitted to the SEC on March 5, 2021, via the company's website[2] Financial Performance - Financial performance for the year ended December 31, 2020, is available in the prospectus dated March 18, 2021[2]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE ...

Table of Contents Title of Each ClassTrading Symbol(s)Name of Each Exchange On Which Registered American depositary shares, each representing one Class Z ordinary share BILI Nasdaq Global Select Market Class Z ordinary shares, par value US$0.0001 per share* Nasdaq Global Select Market* UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SE ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR o SHELL COMPANY REPORT PURSUANT TO SE ...