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

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.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 12:22 pm

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.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 10:15 am

Bilibili reported Q3 adjusted EPS of $(0.29), an improvement from $(0.63) YoY. However, sales decreased to $795.70M from $814.50M YoY, indicating a 2.31% decline.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:02 am

Chinese stocks are experiencing an uptick following China's decision to maintain its one-year and five-year loan prime rates for November. The positive sentiment is further bolstered by reports of Chinese regulators promising additional support for the property sector.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:12 pm

Morgan Stanley has released research data on Bilibili, indicating a downside risk to its upcoming Q3 results. The financial institution cites weaker-than-expected performance of Pretty Derby and organic growth as reasons for the potential decline in game revenue.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:28 pm

Mizuho Securities analyst Wei Fang initiated coverage on Bilibili Inc (NASDAQ:BILI) with a Buy rating and a price target of $18. The analyst expects BILI to double its total addressable market to $200 billion through new product launches, driving top-line growth to double digits and attaining profitability in FY24. The transitions include improving ad monetization and expanding into live streaming. BILI is expected to achieve break-even operating income in FY24, improving nearly 15 basis points Y/Y.

Portfolio Pulse from Lekha Gupta

November 06, 2023 | 7:13 pm

Shares of US-listed Chinese companies are trading higher following a report suggesting China may unleash a new fiscal stimulus.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:52 pm

Chinese online retailers JD.com (NASDAQ:JD) and Bilibili Inc. (NASDAQ:BILI) are preparing for the upcoming Single's Day sales event on November 11. JD.com plans to hold a pre-sale event and expects to sell over 800 million items. Bilibili is partnering with JD and Alibaba (NYSE:BABA) to boost sales. China International Capital Corp Limited (OTC:CNICF) expects the sales event to increase earnings for the retailers. CICC gave Alibaba a price target of HK$137 and JD a price target of $44.

Portfolio Pulse from Daniel Harrison

October 19, 2023 | 1:28 pm

Over the past 3 months, 7 analysts have published their opinion on Bilibili (NASDAQ:BILI) stock. The average price target is $34.06, implying an upside from the current price of $14.7. However, this average has decreased by 21.01% from the previous average price target of $43.12.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:00 pm

Goldman Sachs analyst Lincoln Kong has maintained a Neutral rating on Bilibili (NASDAQ:BILI) and lowered the price target from $19.6 to $17.4.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:25 pm

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