Bilibili (BILI) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are 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 ...

2024 年 9 月 24 日 公司研究 增持（维持） 事件：B 站独代 SLG 手游《三国：谋定天下》（简称《三谋》）9 月 21 日第一 批次服务器开启 S3 赛季。根据七麦数据，当日 13：00，游戏升至 iOS 畅销榜 第 2 名，截至 23 日 6：00，仍位居 iOS 畅销榜游戏第 2 名。 《三谋》有望成为长青游戏，带动公司游戏收入高增。1）《三谋》创造了公司 游戏的记录，上线初期就登上了 iOS 畅销榜前三名，也是 B 站游戏历史上最快 达到 10 亿流水的。2）根据 Sensortower，《三谋》在 8 月 3 日推出 S2 赛季， 当天游戏日流水创下上市以来的最高纪录，重回中国 iPhone 手游畅销榜前 3； 从 SLG 手游收入排名来看，自 6 月 13 日公测以来，该游戏一直是中国 iOS 手 游市场收入最高的 SLG 手游；24M8 哔哩哔哩游戏收入排名位于中国手游发行商 全球收入排行榜第 8 名，较上个月前进 4 名。根据七麦数据，截至 9 月 22 日， 预计《三谋》iOS 端流水总计约 8.25 亿美元。3）《三谋》在 9 月 21 日推出 S3 赛季，新赛季更新如下：内容 ...

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 is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend.Shares of BILI have been ...

Bilibili Inc. Announces First Quarter 2024 Financial Results SHANGHAI, China, May 23, 2024 — 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, 2024. First Quarter 2024 Highlights: • Total net revenues were RMB5.66 billion (US$784.5 million), representing an increase of 12% year over year. • Advertising revenues were RMB1. ...

Communication Services has been one of the success stories from Wall Street in 2024. As of August 2024, The Communication Services Select Sector SPDR (XLC) had grown 20.8% year to date, trailing only the Financials and Utilities segments.The sector represents companies that provide wired, wireless, satellite, cable, Internet media services, broadcasting and other communication infrastructure, some of the most forward-looking businesses for investors to get their hands on. Also, these companies generally boa ...

| --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|--------------------------------------------| | BILI） | | 2024 年 08 月 28 日 | | | 投资评级 | | | 降本增效下亏损收窄，三谋驱动游戏收入同比增长 | 6 | 个月评级 买入（维持评级） | | 发布 2024Q2 财报。24Q2 收入为 61.3 亿元，超彭博一致预期 0.6%。 18.3 亿元，超彭博一致预期 2.9%；毛利率达 29.9%，yoy+6.8pcts。 | 作者 | | | 经调整净亏损为 2.7 亿元，yoy 大幅缩窄 72%。 | 孔蓉 | 分析师 | | | SAC 执业证书编号： | S1110521020002 ...

交银国际研究 公司更新 | --- | --- | --- | |------------|-------------|----------| | 收盘价 | 目标价 | 潜在涨幅 | | 美元 12.96 | 美元 19.00↓ | +46.6% | 哔哩哔哩 (BILI US) 新游拉动游戏收入加速增长，3 季度运营层面有望实现盈利 2 季度亏损收窄好于预期。哔哩哔哩 2024 年 2 季度收入为 61 亿元人民币 （下同），同/环比增16%/8%，基本符合预期。调整后净亏损为2.7亿元， 同/环比收窄 72%/38%，好于我们预期的 3.3 亿元亏损，主要受益于收入结 构改善带动毛利率提升（同/环比+6.8/1.6 个百分点）以及运营费用率优化 （同环比收窄 7.8/3.3 个百分点）。 广告收入维持快于行业增长。2 季度广告收入同比增 30%，仍受益于：1） 流量增长（总时长/日均视频播放量同比+11%/18%）；2）基建及垂直行业 解决方案优化带动广告主数量增长（上半年，效果 KA 广告主数量同比 +50%）及投放效率提升，电商/数码家电投放增量领先。3）交易带动广告 投放，2 季度，观看交易内容的 ...

helloabc I rate Bilibili Inc.'s (NASDAQ:BILI) (OTCPK:BLBLF) (9626:HK) shares as a buy now. BILI is expected to achieve positive earnings in Q3 2024 and deliver significant revenue growth acceleration for the full year. My decision is to upgrade my rating for Bilibili from a Hold to a Buy, after considering the company's favorable financial prospects. In the latest article, I analyze BILI's Q2 2024 results. The earlier May 24, 2024 write-up was focused on Bilibili's first-quarter financial performance. Q2 Bo ...

证券研究报告·海外公司点评·传媒 哔哩哔哩（BILI） 2024Q2 业绩点评：业绩超市场预期，广告及 游戏业务强劲增长 2024 年 08 月 25 日 买入（维持） | --- | --- | --- | --- | --- | --- | |----------------------------|-------|-------|-------|-------|-------------| | [盈利预测与估值 Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | | | | | | | 同比（%） | 13% | 3% | 17% | 15% | 6% | | 归母净利润（百万元） | | | | | | | 同比（%） | - | - | - | - | 138% | | Non-GAAP 净利润（百万元） | | | | | | | 同比（%） | - | - | - | - | 47% | | EPS-最新摊薄（元/股） | | | | | | | P/E（现价&最新摊薄） | - | - | - | | 76.9 ...

Financial Data and Key Metrics - Total revenues increased by 16% year-over-year to RMB 6.13 billion in Q2 2024 [5] - Gross profit rose by 49% year-over-year to RMB 1.8 billion, with gross profit margin reaching 29.9%, up from 23.1% in Q2 2023 [6] - Adjusted operating loss and adjusted net loss narrowed by 69% and 72% year-over-year, respectively [6] - Operating cash flow reached a record RMB 1.75 billion in Q2 2024 [6] - Deferred revenue balance increased by RMB 738 million from Q1 2024 [6] Business Line Data and Key Metrics - Advertising revenue grew by 30% year-over-year, contributing 33% of total revenue [5][20] - Games revenue increased by 13% year-over-year to RMB 1.01 billion, driven by new launches and legacy titles [15][20] - Value-added services (VAS) revenue grew by 11% year-over-year to RMB 2.57 billion, with premium members reaching 22.3 million [18][20] Market Data and Key Metrics - DAUs increased by 6% year-over-year to 102 million, while MAUs grew to 336 million [7] - Users spent an average of 99 minutes daily on the platform, up from 94 minutes in Q2 2023 [11] - Video views increased by 18% year-over-year to over 4.8 billion daily [9] Company Strategy and Industry Competition - The company focuses on content, community, and commercialization, with a strategy to attract high-quality creators and expand monetization channels [9][10] - The success of the strategy game "San Guo: Mou Ding Tian Xia" marks a breakthrough in genre diversification and long-term game operation [16][17] - The company aims to achieve non-GAAP breakeven in Q3 2024 and improve profitability thereafter [6][21] Management Commentary on Operating Environment and Future Outlook - Management highlighted the strong growth in advertising and games businesses, driven by improved infrastructure and user engagement [12][15] - The company is confident in maintaining above-industry average advertising growth in the second half of 2024 [31] - Management emphasized the potential of AI applications in content creation and user experience enhancement [53][57] Other Important Information - The company celebrated its 15th anniversary, with nearly 70% of China's Gen Z+ population using the platform [8] - Bilibili held offline events "Bilibili World" and "Bilibili Macro Link," attracting over 250,000 participants [11] Q&A Session Summary Question: Drivers behind robust advertising growth and outlook for H2 2024 - Advertising growth was driven by healthy traffic growth and unlocking the commercial value of users, with a focus on infrastructure and vertical industry solutions [25][27][31] Question: Drivers for the successful launch of "San Guo: Mou Ding Tian Xia" and future game genres - The game's success was attributed to the company's strategy of reinventing games for younger audiences, with a focus on long-term operation and addressing user pain points [35][37][39] Question: Content strategy and consumption trends as user demographics evolve - The company is expanding content categories to cater to evolving user needs, with significant growth in consumption-related content such as home decor, automotive, and fashion [43][44][46] Question: Financial outlook for H2 2024 and mid-to-long term profitability - The company expects strong revenue growth in Q3 2024, driven by games and advertising, and aims to achieve meaningful operating profit on a non-GAAP basis [51] Question: AI applications and future potential - AI is being used to enhance content creation and user experience, with significant user engagement in AI-related content and partnerships with leading AI companies [53][57][59]