Bilibili Q4 Revenue Up 8% to $1.19B, Advertising Rises 27%
Bilibili’s Q4 revenue climbed 8% Y/Y to $1.19 billion, beating a $1.16 billion consensus, while adjusted EPS reached $0.28 versus $0.17 expected. Monthly active users grew 8% to 366 million with record 36 million paying users and 10% surge in daily active users to 113 million.
1. Strong Q4 Financial Results
Bilibili reported Q4 revenue of $1.19 billion, an 8% year-over-year increase that surpassed the $1.16 billion consensus, and delivered adjusted earnings per ADS of $0.28 versus $0.17 expected.
2. User Engagement Growth
Average daily active users rose 10% Y/Y to 113 million, average time spent per user increased 8% to 107 minutes, monthly active users climbed 8% to 366 million, and monthly paying users reached a record 36 million.
3. Diverse Segment Trends
Mobile gaming revenue declined 14% to $220.3 million, value-added services climbed 6% to $466.4 million, advertising revenue jumped 27% to $435 million, and IP derivatives and other businesses rose 3% to $68.2 million.
4. Profitability and Liquidity Strength
Gross margin expanded to 37.0%, adjusted net income rose to $125.6 million with a 10.6% net profit margin, operating cash flow was $263.1 million, and cash and equivalents stood at $3.45 billion.