The earnings call highlights Bilibili's strong revenue growth, profitability, and significant achievements in its gaming and advertising segments. Community engagement metrics also reached all-time highs. However, there is acknowledgment of macroeconomic uncertainties affecting advertising budgets across various sectors. Despite these challenges, the overall tone is optimistic about future growth and sustainability.

Company Guidance

In the third quarter of 2024, Bilibili achieved significant financial milestones, including its first quarterly adjusted net profit and a 26% year-over-year increase in total revenues, reaching RMB 7.3 billion. The company's games revenue surged by 84% year-over-year, while advertising revenue grew by 28%, contributing to a gross profit increase of 76% year-over-year and driving the gross profit margin up to 34.9% from 25.0% the previous year. The company reported an adjusted operating profit of RMB 272 million and an adjusted net profit of RMB 236 million, with a 3% adjusted net profit ratio. Bilibili also saw record highs in daily active users (DAUs) and monthly active users (MAUs), with figures reaching 107 million and 348 million, respectively. Additionally, the average daily time spent per user rose to 106 minutes. The company highlighted its diversified commercialization channels, with content creators earning a total income increase of 24% from advertising and value-added services (VAS) products and a 400% year-over-year increase from fan charging products. Bilibili's MSCI ESG rating was upgraded to an A, underscoring its dedication to ESG practices. Looking ahead, Bilibili plans to focus on further growth in its games and advertising businesses while leveraging its unique positioning in the high-quality video space.

Record-Breaking Revenue and Profitability

Bilibili achieved its first quarterly adjusted net profit with a revenue increase of 26% year-over-year, reaching RMB 7.3 billion. Adjusted operating profit was RMB 272 million, and adjusted net profit was RMB 236 million.

Gaming Segment Performance

Games revenue surged by 84% year-over-year to RMB 1.8 billion, driven by the success of the strategy game San Guo. The company's focus on game longevity aims for sustainable operations for 5-10 years.

Advertising Revenue Growth

Advertising revenue increased by 28% year-over-year, with performance-based ads growing nearly 50%. E-commerce advertising revenues surged by 80% year-over-year.

Community Engagement and Growth

Daily active users (DAUs) and monthly active users (MAUs) reached record highs of 107 million and 348 million, respectively. The average daily time spent per user rose to 106 minutes.

Successful International Game Launch

The international version of the game 'Jeju Kaizen' was launched globally, reaching the top download charts in over 70 countries and regions.

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Bilibili (BILI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BILI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 27, 2025	2024 (Q4)	0.13 / -	-1.34	―	―	―
Nov 14, 2024	2024 (Q3)	0.08 / 0.08	-0.291	126.89% (+0.37)
Aug 22, 2024	2024 (Q2)	-0.10 / -0.09	-0.319	72.10% (+0.23)
May 23, 2024	2024 (Q1)	-0.17 / -0.15	-0.344	57.77% (+0.20)
Mar 07, 2024	2023 (Q4)	-0.20 / -0.18	-0.454	59.52% (+0.27)
Nov 29, 2023	2023 (Q3)	-0.26 / -0.29	-0.611	52.47% (+0.32)
Aug 17, 2023	2023 (Q2)	-0.35 / -0.32	-0.683	53.21% (+0.36)
Jun 01, 2023	2023 (Q1)	-0.39 / -0.34	-0.576	40.24% (+0.23)
Mar 02, 2023	2022 (Q4)	-0.49 / -0.45	-0.578	21.56% (+0.12)
Nov 29, 2022	2022 (Q3)	-0.63 / -0.61	-0.57	-7.21% (-0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BILI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 14, 2024	$21.27	$18.59	-12.60%
Aug 22, 2024	$14.02	$12.96	-7.56%
May 23, 2024	$15.68	$13.74	-12.37%
Mar 07, 2024	$10.81	$10.60	-1.94%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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