Bilibili Q1 Loss Narrows, Revenues Climb; Stock Gains In Pre-market

Bilibili

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(RTTNews) - Bilibili Inc. (BILI), a video community for young generations in China, reported Tuesday narrower loss in its first quarter with higher net revenues.

In the pre-market activity on the Nasdaq, Bilibili shares were gaining around 5.1 percent to trade at $18.90.

In the first quarter, net loss attributable to shareholders was RMB9.10 million, compared to loss of RMB748.55 million a year ago.

Net loss per ADS was RMB0.02, compared to loss of RMB1.80 a year ago.

Adjusted attributable net profit was RMB363.09 million, compared with adjusted net loss of RMB439.80 million in the same period of 2024. Adjusted net profit per ADS was RMB0.85, compared to loss of RMB1.06 a year earlier.

Gross profit was RMB2.54 billion or $349.9 million, an increase of 58 percent year over year. Gross profit margin reached 36.3 percent, improving from 28.3 percent in the same period of 2024.

Total net revenues were RMB7.00 billion or $965.1 million, 24 percent higher than last year's RMB5.66 billion. Advertising revenues were RMB2.00 billion or $275.3 million, an increase of 20 percent year over year.

Mobile games revenuesere RMB1.73 billion or $238.6 million, an increase of 76 percent year over year.

Average daily active users or DAUs were 106.7 million, compared with 102.4 million in the same period of 2024.

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