Bilibili Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	29,381	26,832	22,528	21,899	19,384	11,999
Revenue Growth (YoY)	15.99%	19.10%	2.87%	12.98%	61.54%	77.03%
Cost of Revenue	18,830	18,058	17,086	18,050	15,341	9,159
Gross Profit	10,550	8,774	5,442	3,849	4,043	2,840
Selling, General & Admin	6,691	6,433	6,039	7,442	7,632	4,468
Research & Development	3,533	3,685	4,467	4,765	2,840	1,513
Total Operating Expenses	10,224	10,118	10,506	12,207	10,472	5,981
Operating Income	326.38	-1,344	-5,064	-8,358	-6,429	-3,141
Interest Income	-75.99	-35.1	106.83	-251.43	-123.82	111.5
Interest Expense	-105.89	-89.19	-164.93	-250.92	-155.47	-108.55
Other Non-Operating Income (Expense)	96.97	68.07	389.28	1,457	-5.09	137.36
Total Non-Operating Income (Expense)	-84.91	-56.23	331.18	954.44	-284.38	140.32
Pretax Income	222.73	-1,400	-4,733	-7,404	-6,713	-3,001
Provision for Income Taxes	5.99	-36.54	78.71	104.15	95.29	53.37
Net Income	220.35	-1,347	-4,822	-7,497	-6,789	-3,012
Minority Interest in Earnings	3.61	16.85	-10.61	10.64	19.51	50.9
Net Income to Common	220.35	-1,347	-4,822	-7,497	-6,789	-3,012
Shares Outstanding (Basic)	104,854	399	403	392	377	337
Shares Outstanding (Diluted)	104,854	399	403	392	377	337
Shares Change (YoY)	25604.10%	-1.22%	2.82%	4.01%	12.06%	5.26%
EPS (Basic)	0.53	0.22	-11.67	-18.93	-17.63	-8.99
EPS (Diluted)	0.51	0.21	-11.67	-18.93	-17.63	-8.99
Free Cash Flow	-	0	84.73	-4,672	-3,612	150.98
Free Cash Flow Per Share	-	-	0.21	-11.90	-9.57	0.45
Gross Margin	35.91%	32.70%	24.16%	17.58%	20.86%	23.67%
Operating Margin	1.11%	-5.01%	-22.48%	-38.17%	-33.17%	-26.18%
Profit Margin	0.74%	-5.08%	-21.36%	-34.28%	-35.13%	-25.45%
FCF Margin	-	0.00%	0.38%	-21.33%	-18.64%	1.26%
EBITDA	326.38	-1,344	-2,165	-4,792	-3,825	-1,323
EBITDA Margin	1.11%	-5.01%	-9.61%	-21.88%	-19.74%	-11.03%
EBIT	326.38	-1,344	-5,064	-8,358	-6,429	-3,141
EBIT Margin	1.11%	-5.01%	-22.48%	-38.17%	-33.17%	-26.18%
Effective Tax Rate	2.69%	2.61%	-1.66%	-1.41%	-1.42%	-1.78%

Updated Nov 13, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q