Hong Kong · Delayed Price · Currency is HKD Bilibili Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw 8% revenue growth, 10% gross profit growth, and a 55% surge in net profit, driven by strong user engagement and a 28% rise in advertising revenue. AI investments enhanced content creation and ad efficiency, while new games and a robust ad pipeline support future growth.
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Q1 2026 saw robust revenue and profit growth, driven by strong user engagement, AI-powered content and ad efficiency, and expanding commercial momentum. Advertising revenue surged 30% year-over-year, while adjusted net profit rose 62%.
Fiscal Year 2025
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Achieved first full year of GAAP profitability in 2025, with revenues up 13% YoY and strong user growth. Q4 saw record engagement, margin expansion, and robust ad revenue, driven by AI integration and high-quality content. Confident outlook for 2026 with continued investment in AI.
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Q3 2025 saw record user engagement, 5% revenue growth, and significant margin expansion, driven by high-quality content, robust advertising, and new game successes. AI-powered tools and a strong cash position support continued profitability and innovation.
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Revenue grew 20% year over year to RMB 7.3 billion, with strong gains in games and advertising. Gross margin expanded to 36.5%, and net profit turned positive. User engagement and monetization reached new highs, supported by AI-driven initiatives and record-setting offline events.
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Revenue grew 24% year-over-year to RMB 7 billion, with gross profit up 58% and adjusted net profit at RMB 362 million. Strong gains in advertising and games, record user engagement, and improved margins highlight robust performance and positive outlook.
Fiscal Year 2024
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Achieved first GAAP net profit in Q4 2024, with revenues up 22% YoY and strong growth in advertising, gaming, and VAS. Gross margin reached 36.1%, and user engagement hit record highs. 2025 will focus on margin expansion, profitability, and leveraging AI for growth.
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Achieved first quarterly adjusted net profit with 26% revenue growth and record user engagement. Games and advertising led segment gains, with strong cash flow and a $200M share repurchase announced. Outlook remains positive for continued margin and revenue growth.
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Q2 2024 saw 16% revenue growth, margin expansion to 29.9%, and narrowed losses, driven by strong advertising (+30%) and games (+13%). User engagement and creator income surged, with confidence in Q3 break-even and ongoing profitability.