Bilibili: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Bilibili (NASDAQ:BILI) reported Q3 earnings with an EPS of $-0.29, missing estimates by 11.54% compared to the expected $-0.26. Revenue decreased by $18.80 million from the same period last year. In the previous quarter, BILI beat EPS estimates but experienced a 6.38% share price drop the following day.
November 29, 2023 | 10:15 am
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Bilibili reported a larger loss per share than expected in Q3 and a decrease in revenue compared to last year, which could negatively impact investor sentiment and the stock price in the short term.
Bilibili's earnings miss and year-over-year revenue decline are likely to be viewed negatively by investors, potentially leading to a decrease in stock price, similar to the previous quarter's post-earnings share price drop.
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