Bilibili Lowers FY23 Revenue Outlook $3.21B - $3.36B From $3.495B - $3.786B Prior, Vs. $3.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bilibili has lowered its FY23 revenue outlook to $3.21B - $3.36B from the previous $3.495B - $3.786B, against a $3.38B estimate. The revision is mainly due to delays in game launches and lower than expected revenue from non-core businesses.
August 17, 2023 | 10:05 am
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Bilibili's lowered revenue outlook for FY23 could negatively impact its stock price in the short term.
Bilibili's revised revenue outlook is lower than the previous estimate and the market expectation. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price.
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