哔哩哔哩：Strong mobile games and ad businesses support solid 3Q24 results

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 ...