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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.
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?
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.
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.
Bilibili (09626.HK): During the november 11 shopping festival-related period, the sales volume increased by over 150% compared to the previous year.
bilibili (09626.HK) Chairman and Chief Operating Officer Li Ni stated at the earnings call that during this year's november 11 shopping festival-related period, the company is a deep cooperation partner of alibaba (09988.HK), jd.com (09618.HK), pdd holdings (PDD.US), and vipshop (VIPS.US), with the sales volume (GMV) of livestreaming increasing by over 150% year-on-year, and the number of livestreaming hosts also increasing by nearly 80%. Li Ni mentioned that bilibili brings in over 50% new customer rate for the industry it serves, and directly drives the company's advertising revenue to increase by nearly 50% year-on-year during the november 11 shopping festival-related period.
Daiwa upgrades bilibili (09626.HK) target price to 225 yuan, breakeven is just the beginning.
Daiwa has released a report, describing that bilibili (09626.HK) achieving a balanced budget is just the beginning. The company achieved non-GAAP operating profit and net profit for the first time in the third quarter. Due to the strong performance of 'Three Kingdoms: Strategy for the Future,' revenue exceeded market expectations by 2.3%, and gaming revenue exceeded market expectations by 9.9%. In terms of user indicators, its daily active users and monthly active users reached historical highs of 0.107 billion and 348 million respectively. In addition, bilibili announced for the first time a plan to buy back $0.2 billion worth of stocks within the next 24 months. The report points out that due to the increase in game distribution and operational activities, sales and general
Bilibili (09626.HK) fell more than 9%. The net loss in the third quarter narrowed to 79.515 million RMB.
bilibili-W(09626.HK) is currently reporting at 146.8 yuan, down 9.61%, with a trading volume of 0.1615 million shares, involving 23.7141 million yuan. bilibili announced its third-quarter performance after the market closed yesterday (14th), with a total net revenue of 7.306 billion RMB for the period, a 26% year-on-year increase; the net loss attributable to shareholders was 79.515 million yuan, compared to a net loss of 1.351 billion yuan in the same period last year; the adjusted net profit attributable to shareholders was 0.236 billion yuan, compared to an adjusted net loss of 0.877 billion yuan in the same period last year; adjusted earnings per share were 0.57 yuan.
bilibili-W (09626) achieved its first quarterly NON-GAAP profit, focusing on advertising growth.
Performance review for 3Q24: Non-GAAP net income slightly exceeded our expectations. The company's 3Q24 performance: revenue of 7.306 billion yuan, a year-on-year increase of 25.8%, slightly higher than Bloomberg's consensus expectation (71.
Selected Announcement | Alibaba increased its shareholding in Xiaopeng autos by 24.66 million shares in the third quarter; Lenovo Group's mid-term revenue increased by 22% to $33.297 billion year-on-year.
In the first ten months, Ping An Insurance's original premium revenue exceeded 740 billion yuan; net income for Netease in the third quarter was 26.2 billion yuan, with net income from games and related value-added services at 20.9 billion yuan.
Futu Morning Post | Powell 'hawkish': Strong economic performance, no rush to cut interest rates; Buffett's new warehouse received, Domino's surged more than 18% after-hours, Pool rose over 6%
Blackrock bought heavily into Apple in Q3, continuing to increase shareholding in the 'Big Seven'; 'Smart Money' betting on the trend of China: Q3 prototype of 'The Big Short' increased shareholding in Alibaba and other Chinese concept stocks; Disney rose more than 6%, fourth quarter performance exceeded expectations with a $3 billion share buyback plan.
U.S. stocks closed: Powell suppressed rate cut expectations, the three major indexes accelerated their decline in the last minutes.
1. China concept stocks were generally down, with the Nasdaq Golden Dragon Index falling by 1.81%; 2. The Trump transition team is planning to cancel the $7,500 tax credit for electric autos; 3. Ford was fined $0.165 billion for failing to comply with recall requests; 4. Blackrock aggressively bought Apple in Q3 and continued to increase its shareholding in the 'Big Seven' companies.
Asian Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading
Bilibili Inc. (BILI) Q3 2024 Earnings Call Transcript Summary