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BILIBILI(BILI) - 2025 Q1 - Quarterly Results
BILIBILIBILI(BILI)2025-05-20 10:00
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Financial Performance - Total net revenues for Q1 2025 were RMB7.00 billion (US965.1million),representinga24965.1 million), representing a 24% year-over-year increase[5] - Total net revenues for the three months ended March 31, 2025, were RMB 7,003,248, a decrease of 9.4% compared to RMB 7,734,161 in the previous quarter[31] - Gross profit rose by 58% year-over-year to RMB2.54 billion (US349.9 million), with a gross profit margin of 36.3%[5] - Gross profit for the three months ended March 31, 2025, was RMB 2,539,098, compared to RMB 2,788,216 in the previous quarter, reflecting a gross margin of 36.3%[31] - Adjusted net profit for Q1 2025 was RMB361.5 million (US49.8million),comparedtoanadjustednetlossofRMB455.9millioninQ12024[16]−ThenetlossattributabletoBilibiliInc.′sshareholdersforthethreemonthsendedMarch31,2025,wasRMB9,102,comparedtoaprofitofRMB89,960inthepreviousquarter[31]UserEngagement−DailyActiveUsers(DAUs)reached107million,whileMonthlyActiveUsers(MAUs)hit368million,withanaverageuserageof26[4]−Averagedailytimespentperuserwas108minutes,andmonthlypayingusersreachedanall−timehighof32million[4]RevenueBreakdown−Advertisingrevenuesincreasedby2049.8 million), compared to an adjusted net loss of RMB455.9 million in Q1 2024[16] - The net loss attributable to Bilibili Inc.'s shareholders for the three months ended March 31, 2025, was RMB 9,102, compared to a profit of RMB 89,960 in the previous quarter[31] User Engagement - Daily Active Users (DAUs) reached 107 million, while Monthly Active Users (MAUs) hit 368 million, with an average user age of 26[4] - Average daily time spent per user was 108 minutes, and monthly paying users reached an all-time high of 32 million[4] Revenue Breakdown - Advertising revenues increased by 20% year-over-year to RMB2.00 billion (US275.3 million)[5] - Advertising revenue decreased by 16.3% to RMB 1,997,635 from RMB 2,388,673 in the previous quarter[31] - Mobile games revenues surged by 76% year-over-year to RMB1.73 billion (US238.6million)[5]−Value−addedservices(VAS)revenuewasRMB2,807,340,down8.9238.6 million)[5] - Value-added services (VAS) revenue was RMB 2,807,340, down 8.9% from RMB 3,083,071 in the previous quarter[31] Operating Expenses and Cash Flow - Total operating expenses increased by 4% year-over-year to RMB2.52 billion (US347.8 million)[10] - Operating expenses totaled RMB 2,524,090, a decrease of 5.2% from RMB 2,661,775 in the previous quarter[31] - Operating cash flow was RMB1.30 billion (US179.4million),upfromRMB637.7millioninthesameperiodof2024[18]−NetcashprovidedbyoperatingactivitieswasRMB1,302,095forthethreemonthsendedMarch31,2025,comparedtoRMB1,400,988inthepreviousquarter[37]AssetsandLiabilities−Cashandcashequivalents,timedeposits,andshort−terminvestmentstotaledRMB17.40billion(US179.4 million), up from RMB637.7 million in the same period of 2024[18] - Net cash provided by operating activities was RMB 1,302,095 for the three months ended March 31, 2025, compared to RMB 1,400,988 in the previous quarter[37] Assets and Liabilities - Cash and cash equivalents, time deposits, and short-term investments totaled RMB17.40 billion (US2.40 billion) as of March 31, 2025[18] - Total current assets increased to RMB 20,579,392 as of March 31, 2025, from RMB 19,756,055 as of December 31, 2024[35] - Total liabilities rose to RMB 18,900,142 as of March 31, 2025, compared to RMB 18,594,587 as of December 31, 2024[35] Share Information - The weighted average number of ordinary shares, basic, was 420,086,397 for the three months ended March 31, 2025, an increase from 417,829,038 in the previous quarter[39]