Overview
Bilibili Q3 revenue grows 5% yr/yr to RMB7.69 bln
Net profit for Q3 reaches RMB469.4 mln, reversing a loss from last year
Adjusted net profit surges 233% yr/yr to RMB786.3 mln
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
ADVERTISING REVENUE - Advertising revenues increased by 23% yr/yr, driven by improved product offerings and efficiency
GROSS PROFIT INCREASE - Gross profit rose by 11% yr/yr due to revenue growth and stable platform operation costs
MOBILE GAMES DECLINE - Mobile games revenue fell 17% yr/yr due to high prior-year comparison baseline
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | RMB 7.69 bln | ||
Q3 Net Income | RMB 829,000 | ||
Q3 Basic EPS | RMB 1.13 | ||
Q3 Gross Profit | RMB 2.82 bln | ||
Q3 Income From Operations | RMB 353.95 mln | ||
Q3 Pretax Profit | RMB 454.64 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Bilibili Inc is HK$234.00, about 9.1% above its November 13 closing price of HK$212.80
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago
Press Release: ID:nGNX1p9wyt
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)