Bilibili Inc (NASDAQ:BILI) reported flat year-on-year Q3 FY23 revenue of $795.7 million, missing consensus estimates of $817.3 million. The company's adjusted EPS loss widened to $(0.29), also missing the consensus loss of $(0.26). Despite a 14% increase in DAUs, mobile game revenues fell 33% Y/Y, while VAS revenues grew 17% Y/Y. Advertising revenue increased by 21% Y/Y, but revenue from IP derivatives and others dropped 23% Y/Y. Bilibili expects FY23 revenues at the lower end of their forecast due to disappointing mobile game revenues. The stock has declined 50.6% YTD and was down 4.12% in premarket trading.