Bilibili Inc

BILI

Equity

ISIN US0900401060 / Valor 40797999

NASDAQ (2024-11-21)

USD 18.83-1.88%

Bilibili Inc
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About company

Bilibili Inc, founded by Mr. Yi Xu in 2013, is a leading online platform in China known for its innovative interactive features such as bullet chatting. Under the leadership of Mr. Rui Chen, the company has evolved into a full-spectrum video community offering diverse content categories and video consumption scenarios. With a focus on a "community first" strategy and investment in high-quality content, Bilibili has built a healthy and prosperous content ecosystem that appeals to young generations. The company's business model emphasizes user engagement and community culture, fostering a strong sense of belonging among its users.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Total Operating Expenses

Bilibili Inc.'s total operating expenses for the first quarter of 2024 were RMB2.42 billion (US$335.7 million), representing a decrease of 2% from the same period in 2023. This reduction reflects the company's efforts to optimize its operational efficiency.

Sales and Marketing Expenses

In the first quarter of 2024, Bilibili Inc. reported sales and marketing expenses of RMB927.1 million (US$128.4 million), marking a 5% increase year over year. This rise is attributed to the company's continued investment in user acquisition and brand promotion.

Loss from Operations

Bilibili Inc. experienced a loss from operations amounting to RMB818.6 million (US$113.4 million) in the first quarter of 2024, which is a significant improvement, narrowing by 40% compared to the same period in 2023. This reduction in operational loss indicates better cost management and operational efficiency.

Net Loss

The net loss for Bilibili Inc. in the first quarter of 2024 was RMB764.6 million (US$105.9 million), compared to RMB629.6 million in the same period of 2023. Despite the increase in net loss, the company has shown progress in narrowing its adjusted net loss.

Cash and Cash Equivalents

As of March 31, 2024, Bilibili Inc. had cash and cash equivalents, time deposits, and short-term investments totaling RMB12.92 billion (US$1.79 billion). This strong liquidity position provides the company with a solid foundation to support its ongoing operations and strategic initiatives.

Summarized from source with an LLMView Source

Key figures

33.0%1Y

-71.9%3Y

11.3%5Y

Performance

71.1%1Y

86.9%3Y

80.1%5Y

Volatility