15 Nov 2024 CMB International Global Markets | Equity Research | Company Update Bilibili (BILI US) Strong mobile games and ad businesses support solid 3Q24 results BiliBili reported 3Q24 results: total revenue was up by 26% YoY to RMB7.31bn, 3/2% ahead of our/Bloomberg consensus estimate; the company achieved quarterly breakeven and recorded an adjusted net income of RMB236mn (vs. adjusted net loss of RMB878mn in 3Q23), ahead of our/consensus estimate of RMB195/217mn. The solid 3Q24 print is mainly due to t ...

Bilibili Inc. (NASDAQ:BILI) Q3 2024 Earnings Conference Call November 14, 2024 7:00 AM ET Company Participants Juliet Yang - Executive Director, Investor Relations Rui Chen - Chairman & Chief Executive Officer Sam Fan - Chief Financial Officer Carly Li - Vice Chairwoman & Chief Operating Officer Conference Call Participants Lei Zhang - Bank of America Securities Daniel Chen - JPMorgan Yang Liu - Morgan Stanley Felix Liu - UBS Lincoln Kong - Goldman Sachs Operator Good day, and welcome to Bilibili Third Quar ...

Investor Presentation 1 November 2024 ilfdilli ( *- *)つロ干杯~ Q 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 ...

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]

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 ...

Shares of Chinese digital entertainment powerhouse Bilibili ( NASDAQ: BILI ) have been on an impressive run over the past year. BILI stock has surged upwards of 82% YTD and 49% in the past six months, backed by stellar operating results, renewed optimism in ChineseMuslim Farooque is a leading financial journalist and market analyst with over five years of expertise in covering the stock and cryptocurrency markets. His work has been widely featured on platforms such as Seeking Alpha, InvestorPlace, GuruFocus ...

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. ...

SHANGHAI, Oct. 31, 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 will report its third quarter 2024 unaudited financial results on Thursday, November 14, 2024, before the open of U.S. markets. The Company’s management will host an earnings conference call at 7:00 AM U.S. Eastern Time on November 14, 2024 (8:00 PM Beijing/Hong Kong Time on November 14, 20 ...