智通财经网·2026-01-14 03:49Core Viewpoint - Bilibili-W (09626) has seen a significant stock price increase of over 30% this month, with a current price of 253.6 HKD and a trading volume of 696 million HKD [1] Group 1: Marketing and AI Integration - Bilibili-W held the 2026 AD TALK marketing partner conference in Shanghai on January 13, announcing that AI technology will be fully integrated into marketing processes this year [1] - The AI marketing strategy center "Bilibili Bid" will be open for self-application by merchants, introducing new marketing scenarios and tools [1] Group 2: Advertising Revenue Growth - The company reported that over 220 million users viewed consumer-related content on Bilibili last year, indicating strong consumer demand that has driven continuous growth in advertising revenue [1] - Bilibili's advertising revenue has grown over 20% for 11 consecutive quarters, significantly outpacing the market average [1] - The number of advertisers continues to grow, with a retention rate of nearly 90% for million-level clients, and the average revenue per UP owner increased by 22% year-on-year [1] Group 3: Financial Performance Expectations - According to Jefferies, Bilibili-W's Q4 2025 earnings preview aligns with their forecasts, expecting online advertising revenue to grow by 21% to 2.9 billion RMB, accounting for 36% of total revenue [1] - This growth is driven by several factors, including daily active users, traffic, and revenue per thousand ad impressions [1]