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Bilibili Newsroom
bilibili's adjusted net income in the third quarter reached 0.236 billion yuan, with daily active users and monthly active users hitting new highs.
bilibili-W (09626.HK) announced that in the third quarter of 2024, the company's total net operating revenue reached 7.306 billion yuan (1.041 billion USD), an increase of 26% year-on-year. Among these, the mobile game revenue was 1.823 billion yuan (0.26 billion USD), an increase of 84% year-on-year. Advertising revenue was 2.094 billion yuan (0.298 billion USD), an increase of 28% year-on-year. The gross profit was 2.547 billion yuan (0.363 billion USD), an increase of 76% year-on-year.
Citi Maintains Bilibili(BILI.US) With Hold Rating, Raises Target Price to $22
bilibili achieved profitability for the first time this quarter, why did the company's stock price decline by over 13%?
1. How is bilibili's overall performance in the third quarter? 2. What are the specific contents of the cooperation agreement between bilibili and Tencent? 3. What impact will these agreements have on bilibili's financial situation in the coming years?
Express News | Credit Suisse gives a target price of $20 to Bilibili, expecting the market to shift its focus to short-term PE multiples. Credit Suisse currently forecasts PE multiples of 26 times and 19 times for 2025 and 2026, with a "market synchronous" rating.
Rating from Large Banks | Lyon: Maintaining the bilibili 'outperform' rating, the third quarter adjusted pre-tax profit turned into a surplus after excluding dividends.
Guolonghui on November 15th｜Lyon released a report, stating that bilibili's third quarter performance met expectations, with total revenue increasing by 25.8% to 7.3 billion yuan year-on-year, and adjusted EBIT turning into a profit of 0.272 billion yuan before tax and excluding dividends, compared to a loss of 0.755 billion yuan in the same quarter last year. The bank pointed out that the company's solid revenue growth was driven by strong growth in mobile games and advertising. Mobile game revenue increased by 84% year-on-year, benefiting from the new hit game series Three Kingdoms, while advertising revenue benefited from strong traffic growth and an increased share of game and e-commerce advertising. The bank expects the situation to continue. The bank forecasts a 21% year-on-year increase in bilibili's fourth quarter revenue, driven by mobile games.
Express News | Jefferies Financial lowered the target price of bilibili from $32.10 to $28.60.
Express News | Bilibili : Jefferies Cuts Target Price to $28.60 From $32.10
[Brokerage Focus] Galaxy Securities maintains a 'buy' rating on Bilibili (09626), expecting the company's profit level to further improve.
Jingu Financial News | Galaxy Securities issued a research report, stating that bilibili (09626) released its 2024 third quarter report: In the third quarter of 2024, the company achieved revenue of 7.306 billion yuan, a year-on-year increase of 26%; net loss attributable to owners was -0.08 billion yuan, a year-on-year decrease of 94%; net income adjusted after deductions was 0.236 billion yuan, marking the company's first return to profitability under non-GAAP. The company's gross margin for the third quarter of 2024 was 34.9%, a nearly 5 percentage point increase year-on-year, achieving continuous quarter-on-quarter growth in gross margin for nine consecutive quarters. The bank stated that in the third quarter of 2024, the company's advertising business
Bilibili Inc (BILI) Q3 2024 Earnings Call Highlights: Record Revenue Growth and First Quarterly ...
Lyon of "Da Hang": jd.com (JD.US) third-quarter performance meets expectations, income growth accelerates again.
Lyon released a report stating that jd.com-SW (09618.HK) (JD.US) third-quarter performance met expectations, with revenue growth accelerating. Its total revenue increased by 5.1% annually to 260.4 billion yuan, adjusted EBIT increased by 17.9% annually to 13.1 billion yuan, 0.2% higher than the bank's forecast. Electronics sales increased by 2.7% annually, benefiting from trade-in subsidies, while grocery sales increased by 8% annually, driven by double-digit growth in supermarket product sales. The bank pointed out that jd.com has an optimistic outlook for the fourth quarter and next year, with sales on "Singles' Day" exceeding the company's expectations.
bilibili-W(9626.HK): Turnaround to profit with strong growth in gaming business
Performance overview as of November 14, 2024, the company disclosed the 2024 third quarter performance report, achieving a revenue of 7.31 billion yuan in 2024Q3, a year-on-year increase of +16%, Non-GAAP net income attributable to the mother of 2.36 billion.
Gelonghui released the bilibili Q3 2024 update report titled 'Now Profitable, What’s Next?'.
Gelonghui November 15th | Gelonghui China Concept Research Institute released bilibili (BILI.US/9626.HK) 3Q24 updated report "Now Profitable, What’s Next?". Bilibili announced its 3Q24 performance in pre-market trading on November 14th, with a closing price drop of 12.6% to $18.59 per share.
Goldman Sachs: Maintains a "buy" rating on Bilibili-W (09626) with a target price of HK$176.
bilibili announced its first stock buyback plan, intending to repurchase $0.2 billion worth of stocks over the next two years.
BILIBILI INC (9626.HK): MILESTONE 3Q24; GROWTH MOMENTUM OF HIGH QUALITY STREAMS DRIVE SUSTAINABLE PROFITABILITY
Skyrocketed 84% year-on-year mobile game and solid 28% year-on-year online ad drove accelerated 26.
"The Big Bank" Morgan Stanley: bilibili (BILI.US) has achieved profitability, and the market is expected to shift focus to short-term pe.
Morgan Stanley published a research report stating that bilibili (09626.HK) has turned losses into profits, and it is expected that the market's focus will shift to short-term pe multiples. Considering the solid fundamentals of bilibili and the significant scale of its repurchase plan, a 15% long-term operation profit margin target appears reasonable. The forecast predicts that revenue growth in the fourth quarter will exceed 70%, including the contribution from "Three Kingdoms: Strategic Control of the World." Morgan Stanley currently forecasts pe multiples of 26 and 19 for 2025 and 2026, giving bilibili (BILI.US) a target price of $20 and maintaining a rating of "in line with the market."
Hong Kong stocks: Hang Seng Index rose 51 points in the first half of the day, netease surged by 13%, "Bilibili" dropped by 10%.
Mainland China's major economic indicators rebounded last month (retail sales up 4.8% year-on-year, beating expectations), with the Hong Kong stock market performing well in the morning. The Hang Seng Index opened 67 points higher, fell 103 points in the early stage to 19,332 points before rebounding, rose 172 points to 19,608 points at one point, up 51 points or 0.3% at midday, closing at 19,486 points; The H-share index rose 27 points or 0.4%, closing at 7,001 points; Hang Seng Tech Index rose 38 points or 0.9%, closing at 4,357 points, with a total turnover of 85.151 billion Hong Kong dollars in the morning session. In the financial sector, HSBC Holdings (00005.HK) rose by 0.8%, while Standard Chartered (02888.HK) and Hong Kong
[Brokerage Focus] CICC focuses on bilibili (09626), achieving Non-GAAP profit for the first time in Q3, but cuts the target price of H股 by 1.1%.
Jinwu Financial News | According to a research report from china international capital corporation, bilibili (09626) achieved Non-GAAP profit for the first time in its performance for Q3 2024, with particularly notable growth in its advertising business. Thanks to the strong performance of games like "Three Strategies," the company's advertising revenue increased by 28% year-on-year, reaching 2.09 billion yuan, with performance advertising revenue growing nearly 50% year-on-year. The company has not only maintained growth in traditional advantageous areas such as games but is also actively exploring new business opportunities. During the singles' day sales period, the company's GMV for goods sold increased by 154% year-on-year, and advertising revenue grew by over 50%. Looking ahead to Q4, the company...
Goldman Sachs: Bilibili (09626.HK) has achieved quarterly breakeven for the first time, and operating profit exceeded expectations.
Goldman Sachs released a report stating that Bilibili-W (09626.HK) achieved quarterly breakeven for the first time, with an adjusted operating profit of 0.272 billion RMB in the third quarter, significantly exceeding the bank's forecast by 31%, benefiting from marketing costs in line with expectations and well-controlled R&D expenses; revenue growth meeting expectations, although mobile gaming slightly underperformed expectations, advertising revenue offsetting this impact. Goldman Sachs stated that Bilibili announced its first share buyback plan, planning to repurchase $0.2 billion of shares over the next two years, demonstrating a healthy financial condition for the company, and the ability to generate free cash flow. Therefore, maintaining a "buy" rating for the company, listed in Hong Kong.
UBS Group: Bilibili (BILI.US) reported third-quarter revenue and net profit that exceeded expectations, marking its first quarterly profit.
The ubs group released a report indicating that bilibili (BILI.US) exceeded expectations in both revenue and net profit for the third quarter, with year-on-year revenue growth of 26%, consistent with the bank's and market's forecasts. By segment, gaming business revenue grew year-on-year by 84% thanks to the contribution of "Three Kingdoms: The Strategic Game", which is 4% and 6% higher than the bank's and market's forecasts respectively. The bank pointed out that bilibili's advertising business maintained a strong growth momentum in the third quarter, with revenue meeting expectations. The company's value-added services and live streaming revenue were slightly below expectations, while gross margin increased to 34.9%, slightly surpassing the bank's and market forecasts. The company recorded its first profitable quarter, non-
HSBC Research lowers the target price of Bilibili (09626.HK) to 167.7 yuan. Focus shifts to recorded earnings and PE ratio valuation.
HSBC research published a research report indicating that bilibili (09626.HK) performed below expectations in its advertising business last quarter, mainly due to macroeconomic factors. On the other hand, with positive performance in "Three Kingdoms: Strategy of the World" (Three Kingdoms), driven by "Jujutsu Kaisen: Phantom Night Run" and the expectation that Three Kingdoms may launch in overseas markets, the bank has raised bilibili's gaming business revenue forecasts for 2024 to 2026 to a year-on-year growth of 40%, an increase of 11%, and a decline of 4%. HSBC research believes that as bilibili turns a profit, investors' focus has shifted from when it will turn a profit in the past to the pe valuation, which currently stands at 2.