-Earnings Call Scheduled for 8:00 a.m. ET on August 21, 2025- SHANGHAI, Aug. 05, 2025 (GLOBE NEWSWIRE) -- 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 that it will report its second quarter 2025 unaudited financial results on Thursday, August 21, 2025, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August ...

Summary of Bilibili (BILI.O) Conference Call Company Overview - **Company**: Bilibili Inc. (BILI.O) - **Industry**: Online entertainment, specifically focused on anime, comics, and games (ACG) in China Key Financial Insights - **2Q25 Results Expectations**: Revenue is expected to increase by 19% to RMB 7.3 billion, aligning with consensus estimates, driven by advertising (+17%), gaming (+60%), VAS (+10%), and others (-10%) [2] - **Non-GAAP Gross Profit Margin (GPM)**: Projected to improve to 37.3% from 37% in 1Q25, with Non-GAAP Operating Profit Margin (OPM) estimated at 7.8% compared to 7% in 1Q25 [2] - **Earnings Forecast**: Non-GAAP earnings forecasted at RMB 511 million, consistent with consensus [2] 2H25 Outlook - **Gaming Segment**: Three new games are expected, but they are not major titles, which may lead to a slight weakening in gaming momentum [3] - **Advertising Segment**: Expected to remain the primary growth driver due to infrastructure improvements and the integration of AI technologies, with management confident that Bilibili's advertising performance will outperform the industry in the medium term [3] - **VAS Segment**: Live streaming growth is anticipated to remain stable, with monetization through charging functions being a priority [3] Regulatory Environment - **Impact of Advertising Regulation**: Recent government guidelines on advertising are expected to have limited impact on Bilibili, as the company primarily engages with larger merchants who are likely already compliant [4] Financial Projections - **Target Price Adjustment**: Target price raised to US$24 from US$23, reflecting a re-rating in the Chinese internet space [1] - **Market Capitalization**: Approximately US$9.65 billion [6] - **Earnings Summary**: - 2023A: Net Profit - RMB 3,425 million - 2024A: Net Profit - RMB 22 million - 2025E: Net Profit - RMB 2,136 million - 2026E: Net Profit - RMB 2,628 million - 2027E: Net Profit - RMB 3,107 million [5] Valuation Insights - **Valuation Breakdown**: - Gaming Business: US$6.8/share at a 15x 2025E P/E - Advertising Business: US$10.8/share at an 18x 2025E P/E - VAS Segment: US$6.0/share at a 1.5x 2025E P/S - E-commerce and Others: US$0.4/share at a 0.5x 2025E P/S [12][20] Risks and Challenges - **High Risk Rating**: The stock is rated as Neutral/High Risk due to volatility and ongoing losses. Key risks include: - Underperformance in gaming and advertising segments - Regulatory risks and increased competition [19][21] Conclusion - Bilibili is positioned for moderate growth driven by advertising and stable performance in live streaming, but faces challenges in gaming momentum and regulatory compliance. The company’s financial outlook remains cautiously optimistic with a focus on improving operational efficiency and leveraging AI technologies.

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Financial Performance and Key Metrics - For Q2 2025, total revenues were $126 million, down 27% year over year and 7% quarter over quarter [7] - Marketing services revenues were $16 million, down 21% year over year but up 14% quarter over quarter [7] - Online game revenues were $106 million, down 28% year over year and 10% quarter over quarter [7] - GAAP net loss attributable to Silver dot com Limited was $20 million, compared to a net loss of $38 million in Q2 2024 [8] - Non-GAAP net loss attributable to total.com Limited was $20 million, compared to a net loss of $34 million in the same quarter last year [8] Business Line Performance - Sohu Media Platform revenues for the quarter were $19 million, down from $24 million in the same quarter last year, with an operating loss of $69 million [17] - Changyou's quarterly revenues were $107 million, down from $148 million in the same quarter last year, but with an operating profit of $51 million compared to $32 million last year [18] Market Data and Key Metrics - The largest sector for advertising remains the auto sector, followed by FMCG and IT services, with the auto sector stabilizing amid a price war [25] - The new energy vehicle market share is expanding, while luxury cars and joint ventures are shrinking [25] Company Strategy and Industry Competition - The company is focusing on refining products and enhancing operations across its social media platforms to improve user engagement and monetization opportunities [6] - The online game business strategy includes launching expansion packs and diversifying into multiple game types, including card-based RPGs and casual games [14] - The company is actively exploring opportunities to unlock the potential of its TLBB IP while building a user base in a competitive market [14] Management's Comments on Operating Environment and Future Outlook - Management noted that the macroeconomic situation is challenging, affecting advertising sentiment and leading to cautious marketing spending from companies [24] - There is optimism about reaching a critical mass for user growth in social networks, although the timeline for breakeven remains uncertain [39] Other Important Information - As of July 2025, the company had repurchased 6.6 million ADS for an aggregate cost of approximately $83 million [15] - The company does not currently plan to implement other capital return programs beyond the share buyback [29] Q&A Session Summary Question: Insights on marketing services revenue and advertising sentiment - Management acknowledged weakness in advertising revenue due to macroeconomic uncertainties and lower disposable income among consumers [24] Question: AI application in operations - AI is being used to improve efficiency in online gaming and enhance search capabilities in social media platforms [26][28] Question: Share buyback and other capital returns - The share buyback program is ongoing, with no current plans for additional capital returns [29] Question: Breakeven timing for marketing services revenue - Management indicated that breakeven is uncertain due to the nonlinear growth of user bases in social networks [39] Question: Sequential improvement in gaming revenue - A new game version was launched, expected to contribute to revenue growth [40] Question: Impact of events on user growth - Events like K-pop competitions help build community and attract users to the platform [41]

Financial Performance - Total revenues for Q2 2025 were $126 million, down 27% year over year and 7% quarter over quarter [7] - Marketing services revenues were $16 million, down 21% year over year but up 14% quarter over quarter [7] - Online game revenues were $106 million, down 28% year over year and 10% quarter over quarter [7] - GAAP net loss attributable to Silver dot com Limited was $20 million, compared to a net loss of $38 million in Q2 2024 [8] - Non-GAAP net loss attributable to total.com Limited was $20 million, compared to a net loss of $34 million in the same quarter last year [8] Business Segment Performance - Sohu Media Platform revenues for the quarter were $19 million, down from $24 million in the same quarter last year, with an operating loss of $69 million [16] - Changyou's quarterly revenues were $107 million, down from $148 million in the same quarter last year, but operating profit increased to $51 million from $32 million [16] Market Insights - The advertising market is experiencing weakness due to macroeconomic uncertainties and lower consumer spending [24] - The auto sector remains the largest advertising sector, followed by FMCG and IT services, with stabilization noted in the auto sector [25] Company Strategy and Industry Competition - The company is focusing on enhancing user engagement through differentiated events and product optimization [6] - There is a strategy to diversify game offerings and explore new verticals, including card-based RPGs and casual games [14] - The company aims to build a larger user base in social media, which is seen as critical for future growth [36] Management Commentary on Future Outlook - Management acknowledges the current macroeconomic challenges but remains optimistic about future user growth and market share expansion [24][26] - The company is utilizing AI to improve operational efficiency in gaming and enhance user experience in social media platforms [26][27] Other Important Information - As of July 2025, the company had repurchased 6.6 million ADS for approximately $83 million [15] - There are no current plans for additional capital returns beyond the share buyback program, as the focus remains on user base expansion [28] Q&A Session Summary Question: Insights on marketing services revenue and advertising sentiment - Management noted that advertising revenue is facing sequential weakness due to macroeconomic conditions and lower disposable income [24][25] Question: AI application in operations - AI is being used to improve efficiency in gaming and enhance search capabilities in social media apps, utilizing various language models [26][27] Question: Future capital return plans - Management confirmed that the focus is on the share buyback program, with no immediate plans for dividends or other capital returns [28] Question: Breakeven timing for marketing services revenue - Management indicated that breakeven is uncertain due to the nonlinear growth of the user base in social networks [36] Question: Sequential improvement in gaming revenue - The gaming segment is expected to perform stably, with new game releases anticipated to contribute to revenue [37] Question: Impact of events on user growth - Events like K-pop competitions are seen as community builders that help attract users to the Sohu app [39][40]

Core Viewpoint - Sohu.com Limited reported its second quarter financial results for 2025, highlighting a decline in total revenues and online game revenues, while marketing services revenues showed a slight recovery quarter-over-quarter. The company emphasized its focus on enhancing user engagement and optimizing its product offerings to capture monetization opportunities [2][4][14]. Financial Performance - Total revenues for the second quarter were US$126 million, down 27% year-over-year and 7% quarter-over-quarter [4][14]. - Marketing services revenues were US$16 million, down 21% year-over-year but up 14% quarter-over-quarter [4][14]. - Online game revenues were US$106 million, down 28% year-over-year and 10% quarter-over-quarter [4][14]. - Both GAAP and non-GAAP gross margin stood at 78%, an increase from 67% in the second quarter of 2024 and 76% in the first quarter of 2025 [5][14]. Operating Expenses and Losses - Operating expenses were US$120 million, down 25% year-over-year and 1% quarter-over-quarter [6][14]. - GAAP operating loss was US$22 million, an improvement from a loss of US$44 million in the second quarter of 2024 [7][14]. - Non-GAAP operating loss was also US$22 million, compared to a loss of US$45 million in the same quarter last year [7][14]. Net Income and Tax Expense - GAAP net loss attributable to Sohu.com Limited was US$20 million, compared to a net loss of US$38 million in the second quarter of 2024 [10][14]. - Non-GAAP net loss was also US$20 million, compared to a net loss of US$34 million in the same quarter last year [11][14]. - GAAP income tax expense was US$9 million, consistent with the previous year, while the first quarter of 2025 had a tax benefit of US$189 million due to a reversal of a tax expense [8][9][14]. Liquidity and Capital Resources - As of June 30, 2025, the company had cash and cash equivalents, short-term investments, and long-term time deposits totaling approximately US$1.2 billion [12][14]. Business Outlook - For the third quarter of 2025, Sohu estimates marketing services revenues to be between US$14 million and US$15 million, and online game revenues to be between US$107 million and US$117 million [20][27].

#B站上线AI原声翻译功能#【B站上线"AI原声翻译功能" 将加入日语等语言】B站公布其为服务海外用 户自研的"AI原声翻译功能"以便海外用户更好体验游戏、科技、二次元等主推内容。未来中文用户观看 外语UP主视频或海外用户观看中文UP主视频时能无差别体验原汁原味的"本地化"翻译视频。后续，B 站还将视需求把日语等语言加入"AI原声翻译"功能中，持续扩展在海外市场的适配能力。#大厂情报局# (智通财经) ...

自今年5月哔哩哔哩（以下简称B站）宣布将下架原国际版APP，与国内版合并为一个统一APP后，B站 的出海下一步便引来各方关注。智通财经记者获悉，B站公布其为服务海外用户自研的"AI原声翻译功 能"以便海外用户更好体验游戏、科技、二次元等主推内容。 未来中文用户观看外语UP主视频或海外用户观看中文UP主视频时能无差别体验原汁原味的"本地化"翻 译视频。后续，B站还将视需求把日语等语言加入"AI原声翻译"功能中，持续扩展在海外市场的适配能 力。据悉，目前B站"AI原声翻译功能"中，跨语言声音还原技术源自内部代号为"IndexTTS2"的语音生 成模型 ，实现高质量地复刻原片语音中蕴含的情感。(智通财经记者 范佳来） 澎湃财讯 ...

B站公布其为服务海外用户自研的" AI原声翻译功能"以便海外用户更好体验游戏、科技、二次元等主推 内容。未来中文用户观看外语UP主视频或海外用户观看中文UP主视频时能无差别体验原汁原味的"本地 化"翻译视频。后续，B站还将视需求把日语等语言加入"AI原声翻译"功能中，持续扩展在海外市场的 适配能力。 (智通财经) ...

Core Insights - Reddit reported Q2 fiscal 2025 results that significantly exceeded expectations, with GAAP revenue of $500 million, a 78% year-over-year increase, and GAAP diluted EPS of $0.45, compared to a consensus estimate of $0.19 [1][5] - The company achieved a GAAP net income of $89 million, a turnaround from a net loss of $10 million in the previous year, and adjusted EBITDA reached $167 million, reflecting a 318% increase year-over-year [1][5] Financial Performance - Revenue for Q2 2025 was $500 million, surpassing the estimate of $425.67 million and up from $281 million in Q2 2024, marking a 78% increase [2][5] - Adjusted EBITDA was $167 million, with a margin of 33.4%, compared to $40 million in the previous year [2][5] - Gross margin improved to 90.8%, up 1.3 percentage points from the previous year [2][5] - Free cash flow rose to $111 million, a 311% increase from $27 million in the prior year [2][5] User Metrics - Global daily active uniques (DAUq) increased by 21% year-over-year to 110.4 million, with U.S. DAUq growing by 11% and international DAUq jumping 32% [6] - Logged-in DAUq grew 17%, and weekly active users rose 22% to 416 million [6] Monetization Strategies - Global average revenue per unique (ARPU) increased by 47% year-over-year, with U.S. ARPU rising 59% and international ARPU gaining 40% [7] - Advertising revenue reached $465 million, an 84% increase, driven by investments in machine learning-driven ad targeting and improved sales tools [7] - Data licensing and other non-advertising revenue contributed $35 million, up 24% from the prior year [8] International Expansion - Of Reddit's 110.4 million daily users, 60.1 million are outside the U.S., a 32% increase from the prior year, with international revenue at $90.8 million, up 71% [10] - The company expanded machine translation to 13 languages, although international ARPU remains significantly lower than in the U.S., indicating potential for further monetization growth [10] Future Outlook - Management forecasts Q3 revenue between $535 million and $545 million, with adjusted EBITDA expected in the range of $185 million to $195 million, suggesting sequential growth of around 8% [12] - Investors will focus on Reddit's ability to close the monetization gap between U.S. and international users while maintaining user engagement and community quality [13]