Investment Rating - The report maintains a "BUY" rating for Bilibili with a target price of US$22.00, reflecting an upside potential of 18.3% from the current price of US$18.59 [3][7]. Core Insights - Bilibili reported a total revenue of RMB7.31 billion for 3Q24, representing a 26% year-over-year increase, which exceeded both the report's and Bloomberg's consensus estimates [1]. - The company achieved quarterly breakeven with an adjusted net income of RMB236 million, a significant improvement from an adjusted net loss of RMB878 million in 3Q23 [1]. - The strong performance is attributed to the success of the new game title SanMou and effective cost optimization initiatives [1]. - For 4Q24, total revenue is expected to grow by 21% year-over-year, with adjusted net margin projected to expand to 5.3% [1]. Revenue Performance - Mobile games revenue surged by 84% year-over-year to RMB1.82 billion in 3Q24, driven primarily by SanMou's performance [1]. - Advertising revenue increased by 28% year-over-year to RMB2.09 billion, supported by approximately 50% growth in performance-based ads [1]. - Value-Added Services (VAS) revenue rose by 9% year-over-year to RMB2.82 billion, mainly due to growth in premium membership and Fan Charging revenue [1]. Future Outlook - The report forecasts continued revenue growth momentum into 4Q24, with mobile games, advertising, and VAS revenues expected to grow by 78%, 24%, and 5% year-over-year, respectively [1]. - SanMou's upcoming Season 4 launch is anticipated to further boost mobile game revenue in 4Q24 [1]. - Management expects advertising revenue to maintain faster-than-industry growth, supported by increasing ad inventories and improving monetization efficiency [1]. Margin Expansion - The overall gross profit margin expanded by 9.9 percentage points year-over-year to 34.9% in 3Q24, attributed to cost optimization and strong mobile game performance [1]. - Adjusted net margin improved by 18.4 percentage points year-over-year to 3.2% in 3Q24, with expectations for further expansion to 5.3% in 4Q24 [1]. Financial Forecasts - The report updates the revenue forecasts for FY24-26, increasing them by 1-5% due to robust game performance [1]. - For FY24E, total revenue is projected at RMB26.78 billion, with a gross margin of 32.8% and an adjusted net profit of RMB68 million [2][4].

Financial Data and Key Metrics Changes - No specific financial data or key metrics changes mentioned in the provided content [1][2][3][4][5] Business Line Data and Key Metrics Changes - No specific business line data or key metrics changes mentioned in the provided content [1][2][3][4][5] Market Data and Key Metrics Changes - No specific market data or key metrics changes mentioned in the provided content [1][2][3][4][5] Company Strategy and Development Direction and Industry Competition - No specific company strategy, development direction, or industry competition mentioned in the provided content [1][2][3][4][5] Management Commentary on Operating Environment and Future Outlook - The company will discuss its business outlook and make forward-looking statements during the call, but no specific commentary on the operating environment or future outlook is provided in the content [3] Other Important Information - The non-GAAP financial measures provided are for comparison purposes only, with definitions and reconciliation tables available in the news release [4] - The conference is being recorded, and an investor presentation and webcast replay will be available on the Bilibili IR website [4] Summary of Q&A Session - No Q&A session content provided in the documents [1][2][3][4][5]

Investor Presentation 1 November 2024 ilfdilli ( *- *)つロ干杯~ Q Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue," or other similar expressions. Among other ...

Bilibili (BILI) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.29 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this Chinese video sharing website would post a loss of $0.10 per share when it actually produced a loss of $0.09, delivering a surprise of 10%. Over the last four quarters, the compa ...

Revenue Growth - Total net revenues were RMB7.31 billion (US$1,041.0 million), representing a 26% year-over-year increase[2] - Total net revenues for the three months ended September 30, 2024, were RMB 7,305,620 thousand, a 19.2% increase compared to RMB 6,127,144 thousand in the previous quarter[27] - Mobile games revenues were RMB1.82 billion (US$259.7 million), representing an 84% year-over-year increase[2] - Mobile games revenue for the three months ended September 30, 2024, increased by 81.0% to RMB 1,822,609 thousand compared to RMB 1,007,367 thousand in the previous quarter[27] - Advertising revenues were RMB2.09 billion (US$298.5 million), representing a 28% year-over-year increase[2] Profitability - Gross profit was RMB2.55 billion (US$363.0 million), representing a 76% year-over-year increase, with gross profit margin reaching 34.9%[2] - Gross profit for the three months ended September 30, 2024, was RMB 2,547,186 thousand, a 38.9% increase from RMB 1,833,201 thousand in the previous quarter[27] - Net loss narrowed by 94% year-over-year to RMB79.8 million (US$11.4 million)[2] - Net loss attributable to Bilibili Inc.'s shareholders for the three months ended September 30, 2024, decreased significantly to RMB 79,515 thousand from RMB 608,700 thousand in the previous quarter[27] - Adjusted net profit was RMB235.9 million (US$33.6 million), compared with an adjusted net loss of RMB863.5 million in the same period last year[2] - Adjusted net profit for the three months ended September 30, 2024 was RMB 235.9 million, compared to an adjusted net loss of RMB 270.99 million for the three months ended June 30, 2024[31] - Adjusted net loss for the nine months ended September 30, 2024 was RMB 490.97 million, an improvement from the adjusted net loss of RMB 2.86 billion for the nine months ended September 30, 2023[31] - Adjusted net profit per share for the three months ended September 30, 2024 was RMB 0.57, compared to an adjusted net loss per share of RMB 0.65 for the three months ended June 30, 2024[32] - Adjusted net loss per share for the nine months ended September 30, 2024 was RMB 1.14, an improvement from the adjusted net loss per share of RMB 6.95 for the nine months ended September 30, 2023[32] - Adjusted net profit attributable to Bilibili Inc.'s shareholders for the three months ended September 30, 2024 was RMB 236.19 million, compared to an adjusted net loss of RMB 2.87 billion for the nine months ended September 30, 2023[31] User Metrics - Average daily active users (DAUs) reached 107.3 million, compared with 102.8 million in the same period last year[2] Cash Flow and Financial Position - Operating cash flow was RMB2.23 billion (US$317.1 million), compared with RMB277.4 million in the same period last year[2] - Cash flow from operating activities for the three months ended September 30, 2024, was RMB 2,225,629 thousand, a 27.1% increase from RMB 1,750,540 thousand in the previous quarter[30] - Cash and cash equivalents, time deposits, and short-term investments totaled RMB15.23 billion (US$2.17 billion) as of September 30, 2024[15] - Cash and cash equivalents as of September 30, 2024, were RMB 7,463,154 thousand, a 3.8% increase from RMB 7,191,821 thousand as of December 31, 2023[29] - Total assets as of September 30, 2024, were RMB 32,021,300 thousand, a 3.4% decrease from RMB 33,159,067 thousand as of December 31, 2023[29] Share Repurchase and Compensation - The company announced a share repurchase program of up to US$200 million over the next 24 months[17] - Share-based compensation expenses for the three months ended September 30, 2024, were RMB 297,111 thousand, a 14.5% increase from RMB 259,479 thousand in the previous quarter[28] - Share-based compensation expenses for the three months ended September 30, 2024 were RMB 297.11 million, compared to RMB 259.48 million for the three months ended June 30, 2024[31] Operating Expenses - Total operating expenses for the three months ended September 30, 2024, were RMB 2,613,865 thousand, an 8.1% increase from RMB 2,418,336 thousand in the previous quarter[27] - Research and development expenses for the three months ended September 30, 2024, were RMB 906,072 thousand, a 1.3% increase from RMB 894,701 thousand in the previous quarter[27] - Amortization expense related to intangible assets for the three months ended September 30, 2024 was RMB 41.78 million, consistent with the previous quarter[31] Other Financial Metrics - Weighted average number of ordinary shares for the three months ended September 30, 2024 was 417.85 million, a slight increase from 416.29 million in the previous quarter[32] - Adjusted loss from operations for the three months ended September 30, 2024 was RMB 523.91 million, compared to an adjusted loss of RMB 2.75 billion for the nine months ended September 30, 2023[31] - Net loss attributable to noncontrolling interests for the three months ended September 30, 2024 was RMB 15.83 million, compared to a net loss of RMB 10.81 million for the nine months ended September 30, 2023[31]

Bilibili (BILI) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The upward trend in estimate revisions for this Chinese video sharing website reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Bilibili (BILI) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question. Bilibili is a member of our Computer and Technology group, which includes 619 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector ...

Core Insights - Bilibili's stock has experienced significant growth, increasing by 82% year-to-date and 49% over the past six months, driven by strong operating results and renewed optimism in the Chinese market [1] Company Performance - The impressive stock performance of Bilibili reflects its status as a digital entertainment powerhouse in China, indicating robust operational metrics that have contributed to investor confidence [1] Market Sentiment - The renewed optimism in the Chinese market plays a crucial role in Bilibili's stock surge, suggesting a positive outlook for the digital entertainment sector in the region [1]

Wall Street expects a year-over-year increase in earnings on higher revenues when Bilibili (BILI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 14. ...

SHANGHAI, Oct. 31, 2024 (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 third quarter 2024 unaudited financial results on Thursday, November 14, 2024, before the open of U.S. markets. The Company’s management will host an earnings conference call at 7:00 AM U.S. Eastern Time on November 14, 2024 (8:00 PM Beijing/Hong Kong Time on November 14, 20 ...