Ge Long Hui·2025-11-21 09:33Core Viewpoint - Bilibili (BILI.US) reported a significant increase in adjusted net profit for Q3, leading to a positive market response and target price upgrades from several major banks [1] Financial Performance - The adjusted net profit for Bilibili in Q3 was 786 million yuan, representing a substantial year-on-year growth of 233% [1] Market Reaction - Following the earnings announcement, major banks such as Morgan Stanley, Citigroup, Credit Lyonnais, and CICC raised their target prices for Bilibili [1] - Morgan Chase increased its target price for Bilibili's U.S. stock to $27 [1] Advertising and User Growth - Changjiang Securities highlighted that the company's advertising growth remains strong, and the performance of new games is promising [1] - Dongfang Securities noted that the long-term value of users is being realized, leading to high growth in both brand and performance advertising, maintaining a "buy" rating [1]