Streetbeat News

BILI

Bilibili Inc.

https://www.bilibili.com

Industry

Electronic Gaming & Multimedia

Bilibili Inc. provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, and live broadcasting. Bilibili Inc. was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.

Open

18.84

Mkt cap

7.6B

Volume

7.5M

High

18.95

P/E Ratio

-13.76

52-wk high

31.77

Low

18.06

Div yield

N/A

52-wk low

8.80

JP Morgan analyst Daniel Chen upgraded Bilibili (NASDAQ:BILI) from Underweight to Neutral and increased the price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:54 am

Bilibili Inc (NASDAQ:BILI) received positive analyst reviews from Benchmark and Mizuho, with both maintaining a Buy rating but lowering their price targets to $15 due to challenges in the gaming sector and live streaming competition. Despite these headwinds, Bilibili's advertising growth is highlighted as a strong point, with expectations for continued robust ad growth in fiscal 2024. The company's unique user base and content ecosystem are seen as key drivers for its transition to a mass-market advertising powerhouse. Investors can also gain exposure to Bilibili through ETFs like Global X Video Games & Esports ETF (NASDAQ:HERO) and Amplify ETF Trust Amplify Video Game Tech ETF (NYSE:GAMR).

Portfolio Pulse from Anusuya Lahiri

March 08, 2024 | 6:40 pm

Benchmark analyst Fawne Jiang maintains a Buy rating on Bilibili (NASDAQ:BILI) but lowers the price target from $21 to $15.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 5:45 pm

Mizuho analyst James Lee maintains a Buy rating on Bilibili (NASDAQ:BILI) but lowers the price target from $16 to $15.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:59 am

The S&P 500 reached new highs, driven by Fed Chair Powell's hints at potential rate cuts. Nvidia surpassed $900, and Bitcoin neared record levels. The Roundhill Magnificent Seven ETF and specific stocks like Meta Platforms and Nvidia showed significant gains. Treasury yields fell, and the dollar weakened. The ECB maintained interest rates, with President Lagarde emphasizing independence from the Fed. Gold hit new highs, and major US indices and ETFs saw varied performance. Several companies experienced notable stock movements due to earnings reports and other news.

Portfolio Pulse from Piero Cingari

March 07, 2024 | 6:32 pm

Bilibili Inc (NASDAQ:BILI) reported Q4 fiscal 2023 revenue of $894.3 million, a 3% increase Y/Y, surpassing consensus estimates. Despite beating EPS estimates with a smaller loss than expected, BILI's stock price dropped. The company saw growth in DAUs, mobile games, and VAS revenues, but a significant decline in IP derivatives and e-commerce revenues. Bilibili ended the year with $2.1 billion in cash. Exposure to BILI can be gained through ETFs like HERO and GAMR.

Portfolio Pulse from Anusuya Lahiri

March 07, 2024 | 2:29 pm

In Thursday's pre-market session, several communication services stocks showed significant movement. Lytus Technologies (LYT) led the gainers with a 218.2% increase, while AirNet Technology (ANTE) led the losers with a 6.7% decrease. Other notable movers include Brera Holdings (BREA), MultiMetaVerse Holdings (MMV), and Bilibili (BILI), which reported Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 1:06 pm

Bilibili shares are trading lower following the announcement of their Q4 results.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:03 pm

U.S. stock futures are up, driven by hopes of Fed rate cuts and Jerome Powell's dovish comments. NYCB's bailout and job market indicators are in focus. S&P 500 ETF (SPY) and Invesco QQQ ETF (QQQ) rose in premarket trading. Companies like VSCO, ABM, AEO, BILI, BJ, BURL, CIEN, FCEL, KR, BBAI, AVGO, DOCU, COST, GPS, IOT, SWBI, MDB, RIVN, and PLTR are highlighted for their stock movements or upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

March 07, 2024 | 11:43 am

Bilibili reported Q4 adjusted EPS of $(0.19), surpassing the $(0.22) estimate, and sales of $894.30M, exceeding the $887.26M estimate. This represents a significant improvement over the previous year, with a 60.42% decrease in losses per share and a slight 0.42% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:05 am

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