Company Performance - Bilibili reported a quarterly loss of $0.09 per share, better than the Zacks Consensus Estimate of a loss of $0.10, and an improvement from a loss of $0.33 per share a year ago, indicating a 72.73% year-over-year improvement [1] - The company achieved revenues of $846.21 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.51% and showing a 11.76% increase from $757.02 million in the same quarter last year [1] - Over the last four quarters, Bilibili has exceeded consensus EPS estimates two times and revenue estimates three times [1] Market Performance - Bilibili shares have increased approximately 15.2% since the beginning of the year, while the S&P 500 has gained 17.8% during the same period [2] - The current Zacks Rank for Bilibili is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [4] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $1.01 billion, while for the current fiscal year, the estimate is -$0.07 on revenues of $3.72 billion [4] - The estimate revisions trend for Bilibili is mixed, and future earnings expectations will depend on management's commentary during the earnings call [2][3] Industry Context - The Internet - Services industry, to which Bilibili belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, which may impact the stock's performance [5] - Another company in the same industry, Zscaler, is expected to report quarterly earnings of $0.69 per share, reflecting a year-over-year change of +7.8%, with revenues projected at $567.62 million, up 24.8% from the previous year [5][6]
Bilibili (BILI) Reports Q2 Loss, Tops Revenue Estimates