6 Mar 2026 CMB International Global Markets | Equity Research | Company Update Bilibili (BILI US) Bilibili (BILI US) - 4Q25 results: improvement 4Q25 results: AI to drive healthy community development and monetization improvement BiliBili announced 4Q25 financial results: total revenue was up by 8% YoY to RMB8.32bn, 2% ahead of Bloomberg consensus estimate mainly due to the stronger-than-expected performance of advertising business (+27% YoY); adjusted net income grew by 94% YoY to RMB878mn, 10% ahead of co ...