Bilibili's DAUs Surge 9%, CEO Highlights Community Growth Despite Missed Revenue Estimates
Portfolio Pulse from Anusuya Lahiri
Bilibili Inc (NASDAQ:BILI) reported a 12% year-on-year increase in fiscal Q1 2024 revenue to $784.5 million, missing the analyst consensus estimate of $794.2 million. Despite a 9% increase in daily active users, the stock price slid due to the revenue miss. The company's adjusted EPADS loss of $(0.15) beat the consensus estimate of $(0.17). Investors can gain exposure to Bilibili through Global X Video Games & Esports ETF (NASDAQ:HERO) and Amplify ETF Trust Amplify Video Game Tech ETF (NYSE:GAMR).
May 23, 2024 | 12:11 pm
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NEGATIVE IMPACT
Bilibili reported a 12% YoY increase in revenue to $784.5 million, missing the analyst consensus estimate of $794.2 million. Despite a 9% increase in daily active users, the stock price slid due to the revenue miss. The company's adjusted EPADS loss of $(0.15) beat the consensus estimate of $(0.17).
The revenue miss despite growth in daily active users and a better-than-expected EPADS loss led to a negative market reaction, causing the stock price to slide.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Amplify ETF Trust Amplify Video Game Tech ETF (GAMR) includes Bilibili, which reported mixed earnings results. The revenue miss and subsequent stock price decline of Bilibili may negatively impact GAMR in the short term.
GAMR holds Bilibili, and the negative market reaction to Bilibili's earnings report could weigh on the ETF's performance in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Global X Video Games & Esports ETF (HERO) provides exposure to Bilibili, which reported mixed earnings results. The revenue miss and subsequent stock price decline of Bilibili may negatively impact HERO in the short term.
HERO holds Bilibili, and the negative market reaction to Bilibili's earnings report could weigh on the ETF's performance in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50