Bilibili Reports Q3 Fiscal 2024 Earnings

Investing.com — Bilibili (NASDAQ:BILI) reported better-than-expected earnings and revenue for the third quarter of fiscal 2024.

Key Financials

• Earnings per Share (EPS): RMB0.57 (Analyst forecast: RMB0.54)
• Revenue: RMB7.31 billion (Consensus estimate: RMB7.14 billion)

Revenue Breakdown

• Mobile Games Revenue: RMB1.82 billion (84% year-over-year increase)
• Advertising Revenue: RMB2.09 billion (28% year-over-year increase)

Despite meeting expectations, Bilibili's US-listed shares fell around 2% in premarket trading Thursday.

Management Commentary

Sam Fan, CFO of Bilibili, stated: "In the third quarter, robust growth in our high-margin mobile games and advertising businesses accelerated our total revenue growth and significantly expanded our margins."

Profitability

• Gross Profit: Surged by 76% year on year
• Gross Profit Margin: Increased to 34.9% from 25.0% YoY
• Adjusted Operating Profit: RMB272.2 million, compared to a loss of RMB755.4 million from Q3 2023.