SHANGHAI, May 23, 2025 (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 (i) the completion of its offering (the “Notes Offering”) of US$690 million in aggregate principal amount of convertible senior notes due 2030 (the “Notes”), including the initial purchasers’ full exercise of option to purchase an additional US$90 million in aggregate principal amount of the Notes, ...

Bilibili (BILI) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investors ...

Core Viewpoint - Bilibili (BILI) shows potential for upside with a mean price target of $23.12, indicating a 26.9% increase from the current price of $18.22, supported by positive earnings estimate revisions [1][11][13] Price Targets and Analyst Consensus - The average of 13 short-term price targets ranges from a low of $13 to a high of $30, with a standard deviation of $5.16, indicating variability in analyst estimates [2] - The lowest estimate suggests a decline of 28.7%, while the highest indicates a potential upside of 64.7% [2] - A low standard deviation signifies a high degree of agreement among analysts regarding the stock's price movement direction [9] Earnings Estimates and Market Sentiment - Analysts have shown increasing optimism about BILI's earnings prospects, with a 15.8% increase in the Zacks Consensus Estimate for the current year [12][11] - The company currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - Solely relying on price targets for investment decisions may not be wise, as analysts' ability to set unbiased targets has been questioned [3][10] - Price targets can often be inflated due to business incentives of firms covering a stock, leading to overly optimistic estimates [8]

From a technical perspective, Bilibili (BILI) is looking like an interesting pick, as it just reached a key level of support. BILI recently overtook the 50-day moving average, and this suggests a short-term bullish trend.The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important.BILI ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company reported better-than-expected performance in Q1 2025, achieving revenue of 7.003 billion yuan, a year-on-year increase of 24%, and an adjusted net profit of 363 million yuan, surpassing Bloomberg's consensus estimate [8] - User traffic reached new highs, with daily active users (DAU) at 107 million and monthly active users (MAU) at 368 million, along with an average daily usage time of 108 minutes [8] - The company's gross margin improved for the 11th consecutive quarter, reaching 36.3%, driven by a higher proportion of high-margin business revenue and the dilution of fixed costs [8] - Advertising revenue grew by 20% year-on-year to 1.998 billion yuan, with strong growth in performance-based advertising exceeding 30% [8] - Mobile game revenue increased by 76% year-on-year to 1.731 billion yuan, primarily due to contributions from the game "Three Kingdoms: Strategy of the World" [8] Financial Projections - The company expects adjusted net profits of 1.935 billion yuan, 3.027 billion yuan, and 4.201 billion yuan for the years 2025, 2026, and 2027, respectively [1] - Corresponding price-to-earnings (P/E) ratios for the current stock price are projected to be 29, 18, and 13 times for the years 2025, 2026, and 2027 [1]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company reported better-than-expected performance in Q1 2025, achieving revenue of 7.003 billion yuan, a year-over-year increase of 24%, and an adjusted net profit of 363 million yuan, surpassing Bloomberg's consensus estimate [8] - User traffic reached new highs, with daily active users (DAU) at 107 million and monthly active users (MAU) at 368 million, alongside an average daily usage time of 108 minutes [8] - The company's gross margin improved for the 11th consecutive quarter, reaching 36.3%, driven by a higher proportion of high-margin business revenue and the dilution of fixed costs [8] - Advertising revenue grew by 20% year-over-year to 1.998 billion yuan, with strong growth in performance-based advertising exceeding 30% [8] - Mobile game revenue increased by 76% year-over-year to 1.731 billion yuan, primarily due to contributions from the game "Three Kingdoms: Strategy of the World" [8] - The report forecasts adjusted net profits of 1.935 billion yuan, 3.027 billion yuan, and 4.201 billion yuan for 2025, 2026, and 2027 respectively, corresponding to price-to-earnings ratios of 29, 18, and 13 times [8] Financial Projections - Total revenue is projected to reach 29.855 billion yuan in 2025, with a year-over-year growth of 11% [1] - The company expects to achieve a net profit of 577 million yuan in 2025, marking a significant turnaround from previous losses [1] - Non-GAAP net profit is anticipated to be 1.935 billion yuan in 2025, reflecting a strong recovery trajectory [1]

Investment Rating - The report maintains a "Buy" rating for the company with a target price of $33.00 [8][9] Core Insights - The company reported Q1 2025 revenue of 70.03 billion RMB, a year-on-year increase of 23.6%, exceeding the forecast of 69.17 billion RMB. Adjusted net profit was 3.63 billion RMB, surpassing the expected 2.59 billion RMB, driven by the gradual recognition of deferred revenue from "Three Strategies" and stable growth in advertising revenue [1][2][4] - User engagement has significantly increased, with daily average usage time reaching a historical high of 108 minutes and daily active users (DAU) at 107 million, a year-on-year increase of 4.6%. The number of official members grew by 12% to 264 million [2][3] - The gaming revenue for Q1 2025 was 17.31 billion RMB, a 76.1% year-on-year increase, slightly exceeding market expectations. The company anticipates continued high growth in H1 2025, supported by upcoming events and new game releases [3][4] Summary by Sections Revenue and Profitability - The company achieved a gross margin of 36.3% in Q1 2025, an increase of 8 percentage points year-on-year, attributed to high growth in gaming and advertising businesses. The operating profit for Q1 2025 was 3.42 billion RMB, exceeding the forecast of 2.2 billion RMB [4][5] - The report projects revenues of 305.7 billion RMB, 336.1 billion RMB, and 363.2 billion RMB for 2025, 2026, and 2027 respectively, with adjusted net profits of 19.99 billion RMB, 26 billion RMB, and 31.83 billion RMB for the same years [5][15] User Engagement and Advertising - The platform's user engagement metrics improved significantly, with a notable increase in the number of creators with over one million followers, growing by 20%. Advertising revenue for Q1 2025 was 19.98 billion RMB, a year-on-year increase of 19.7% [2][3] - The company expects advertising revenue for 2025 to reach 97.67 billion RMB, reflecting a year-on-year growth of 19% [2][5] Valuation and Market Position - The company employs a segment-based price-to-sales (PS) valuation method, resulting in a target market value of 101.28 billion RMB, corresponding to a target price of $33.00, based on a PS ratio of 3.3x for 2025 [5][15]

Core Viewpoint - Bilibili Inc. has announced a Concurrent Delta Offering of its Class Z ordinary shares and an upsized offering of US$600 million in convertible senior notes due 2030, reflecting the company's strategic financial maneuvers to support its growth and investor confidence [1][2][4]. Group 1: Offering Details - The Concurrent Delta Offering involves 10,281,240 Class Z ordinary shares priced at HK$140.10 per share, with no new shares being issued, and the company will not receive any proceeds from this offering [3]. - The Notes Offering consists of US$600 million in aggregate principal amount of convertible senior notes, with an option for initial purchasers to buy an additional US$90 million [2][3]. - The Concurrent Delta Offering and the Notes Offering are contingent upon each other, indicating a strategic linkage between the two financial activities [3]. Group 2: Purpose and Strategy - Proceeds from the Notes Offering will be partially used for a Concurrent Repurchase, allowing investors to establish short positions in Class Z ordinary shares to hedge market risk [4]. - The Concurrent Repurchase reflects the company's confidence in its long-term strategy and growth, as repurchased shares will be cancelled [4]. Group 3: Company Background - Bilibili is a leading video community in China, targeting young generations with a mission to enrich their everyday lives through diverse video content [9]. - The company is known for its innovative "bullet chatting" feature, enhancing user engagement by allowing real-time comments during video viewing [9].

Core Viewpoint - Bilibili Inc. has announced the pricing of its upsized offering of US$600 million in convertible senior notes due 2030, aimed at enhancing its content ecosystem and improving monetization efficiency [1][2]. Group 1: Notes Offering Details - The Notes Offering consists of US$600 million in aggregate principal amount, with an option for initial purchasers to buy an additional US$90 million within 30 days [1]. - The Notes will mature on June 1, 2030, and holders can convert them into Class Z ordinary shares at an initial conversion rate of 42.1747 shares per US$1,000 principal amount, representing a conversion premium of approximately 27.1% above the closing price of HK$146.00 on May 21, 2025 [3]. - The Notes will bear interest at a rate of 0.625% per year, payable semiannually starting December 1, 2025 [5]. Group 2: Use of Proceeds - The net proceeds from the Notes Offering will be used to enhance the content ecosystem, facilitate user growth, improve monetization efficiency, fund share repurchases, and for general corporate purposes [2]. - Part of the proceeds will also be allocated for a Concurrent Repurchase, allowing investors to establish initial short positions in Class Z ordinary shares [8]. Group 3: Concurrent Delta Offering - Bilibili has priced a concurrent offering of 10,281,240 Class Z ordinary shares at HK$140.10 per share, which will be borrowed from non-affiliate third parties [6]. - The Concurrent Delta Offering is designed to facilitate hedging transactions for investors subscribing to the Notes, employing a convertible arbitrage strategy [6][7]. Group 4: Redemption and Conversion Terms - The Company may redeem the Notes for cash starting June 6, 2028, if the last reported sale price of Class Z ordinary shares is at least 130% of the conversion price for 20 trading days [4]. - Holders can require the Company to repurchase their Notes for cash on June 1, 2028, or upon certain fundamental changes [4].

SHANGHAI, May 21, 2025 (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 a separate SEC-registered underwritten offering of its Class Z ordinary shares, par value US$0.0001 per share (the “Concurrent Delta Offering”). Concurrently with such offering, the Company announced the proposed offering (the “Notes Offering”) of US$500 million in aggregate principal amount of conv ...