Bilibili reports Q4 adjusted EPS 15c

Reports Q4 revenue $1.06B. Average daily active users were 103M in Q4. “We closed 2024 on a strong note, achieving our first quarter of GAAP profitability-a milestone reflecting the value of our community and our relentless effort to enhance our commercialization efficiency,” said Rui Chen, chairman and chief executive officer of Bilibili (BILI). “In the fourth quarter, our DAUs and MAUs reached 103 million and 340 million, respectively, with users spending an average of 99 minutes daily on our platform. Throughout the year, we advanced our commercialization strategy and improved our products to meet users’ evolving content and consumption needs. For 2024, our total net revenues grew 19% year-over-year to RMB26.83 billion, driven by strong advertising and mobile games businesses, which saw revenue increases of 28% and 40%, both on year-over-year basis, respectively. We are also very encouraged by the emergence of new open-source AI models, making AI solutions accessible and cost-effective. Leveraging our high-quality and exclusive data assets, we expect to benefit even more from this remarkable revolution, unleashing greater value from our unique community.”