2025 年 1 月 24 日 公司研究 B 站将推出"B 小程序"，商业基建持续提升 ——哔哩哔哩（BILI.O）4Q24 业绩前瞻 要点 4Q24 业绩前瞻：1）我们预计公司 4Q24 营收为 76.3 亿元人民币（yoy+20%）， 分 业 务 来 看 ， 预 计 游 戏\VAS\广 告\电 商 四 大 业 务收 入 分 别 为 17.9 亿 元 （yoy+78%）、30.0 亿元（yoy+5%）、23.6 亿元（yoy+23%）、4.8 亿元（yoy-15%）。 2）我们预计 4Q24 实现毛利润 27.4 亿元，对应毛利率 35.9%；预计实现经调整 净利润 4.1 亿元。 游戏业务方面：1）《三谋》S5 赛季 25 年 1 月 4 日开启，游戏内容方面，新增 "姜维"等武将、"十面埋伏"等战法、"锦囊妙计"等玩法；游戏排名方面， 根据七麦数据 IOS 游戏畅销榜，S5 赛季以来，1 月 4 日至 5 日，游戏位列 IOS 畅销榜前五名，1 月 6 日至 8 日，游戏位列前十名，其后游戏排名呈偶有反弹的 微下滑趋势，延续 S1 至 S4 赛季规律。2）公司代理《咒术回战》24 年 11 月 7 日全 ...

交银国际研究 财务模型更新 | 互联网 | 收盘价 | | 目标价 | | 潜在涨幅 | 2025 年 1 月 22 日 | | --- | --- | --- | --- | --- | --- | --- | | 美元 | | 17.05 | 美元 | 24.00↓ | +40.8% | | | 哔哩哔哩 (BILI US) | | | | | | | | 游戏流水符合预期，看好盈利潜力释放 | | | | | | | 我们小幅调整2025/26 年经调整净利润预期。考虑公司已实现盈利，我们切换 至 PEG 估值，基于可比文娱及游戏公司 0.9 倍 2025 年 PEG，以及经调整净利 润 2025-27 年复合增速 43%，小幅下调目标价至 24 美元/186 港元（原为 25 美 元/194 港元）。基于常态化利润率 15%，15-18 倍市盈 率，我们认为公司合理 目标价区间为 22-27 美元，股价进一步下行空间有限，维持买入。 个股评级 买入 1 年股价表现 资料来源 : FactSet 1/24 5/24 9/24 1/25 -50% 0% 50% 100% 150% 200% 250% BI ...

Market Strategy - US investors seeking "growth at a reasonable price" have two options: investing in struggling companies with turnaround potential or looking for better deals overseas [1] Analyst Background - Gary Alexander has extensive experience covering technology companies on Wall Street and working in Silicon Valley [2] - He serves as an outside adviser to several seed-round startups and has deep exposure to industry-shaping themes [2] - His articles are widely syndicated, appearing on platforms like Robinhood and various web publications [2]

SHANGHAI, Dec. 19, 2024 /PRNewswire/ -- The Matchless Kungfu, the open-world sandbox martial arts game deeply inspired by Chinese cultural elements, is now available at a historic 25% off as part of the Steam Winter Sale. From now until January 2, 2025, players can experience its expansive martial arts adventure for just $14.99, down from the regular price of $19.99. Developed by the passionate indie team HuanMos Game and published by Bilibili HK Limited, The Matchless Kungfu invites players to step into t ...

Bilibili (BILI) shares have surged 59.2% year to date (YTD), outperforming the Zacks Computer & Technology sector’s appreciation of 30.5% and the Zacks Internet - Services industry’s return of 31.1%.BILI shares have also outperformed peers like Tencent (TCEHY) , iQIYI (IQ) and Huya (HUYA) in the same time frame.While TCEHY shares have soared 36.3%, HUYA and IQ shares have lost 18% and 57.5%, respectively, YTD.BILI’s performance can be attributed to strong mobile game revenues, driven by a diverse portfolio, ...

SHANGHAI, Nov. 29, 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 has completed its previously announced repurchase right offer relating to its 0.50% Convertible Senior Notes due 2026 (CUSIP No. 090040AF3) (the "Notes"). The repurchase right offer expired at 5:00 p.m., New York City time, on Wednesday, November 27, 2024. Based on information from Deutsche ...

Persistent earnings growth grabs the attention of top executives and analysts because it reflects a company’s profitability. Yet, earnings acceleration works even better when lifting the stock price. Studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in the stock price. To that end, Bilibili Inc. (BILI) , BrightSphere Investment Group Inc. (BSIG) and Orchid Island Capital, Inc. (ORC) are exhibiting strong earnings acceleration.What is Earnings Acceleration? ...

2024 年 11 月 22 日 公司研究 《三谋》S4 赛季开局良好，Q3 实现首次盈利 ——哔哩哔哩（BILI.O）游戏事件点评 要点 事件：B 站独代 SLG 手游《三国：谋定天下》（简称《三谋》）第一批次服务 器 S4 问鼎赛季于 11 月 16 号正式开启；根据七麦数据，当日游戏升至 IOS 畅销 榜游戏第 2 名，17-19 日仍保持位居 IOS 畅销榜游戏第 2 名，即 S4 赛季初连续 4 天位居 IOS 游戏畅销榜第 2 名，而 S3 赛季初连续 2 天位居第 2。 24Q3 实现总收入 73.06 亿元（yoy+26% vs 彭博一致预期+23%），分业务来看： 1）游戏收入 18.23 亿元（yoy+84%vs 彭博一致预期+67%），主要系《三谋》 贡献强劲，根据点点数据，安卓渠道按照 IOS 两倍计算，7-9 月流水分别达约 4.54 亿、5.76 亿及 3.69 亿元；老牌作品《FGO》和《碧蓝航线》表现相对稳健； 海外代理 RPG 游戏《咒术回战》于 11 月推出后市场反响强烈，于全球超 70 个 国家及地区取得下载榜第一名，系公司未来发展重点游戏之一；公司未来将尝试 新赛道，持 ...

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Bilibili (BILI) reported third-quarter 2024 non-GAAP earnings of 8 cents per share, missing the Zacks Consensus Estimate by 20%. In the year-ago quarter, BILI had reported a loss of 29 cents per share.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues increased to $1.02 billion, surpassing the Zacks Consensus Estimate by 0.76%.In terms of RMB, revenues increased 25.8% year over year to RMB 7.31 billion.BILI shares were up 1.83% in pre-market trading. The company’s shares have ou ...