Categories Earnings, Leisure & Entertainment

Bilibili (BILI) reports wider Q3 loss; revenues surge on strong user growth

China-based video-sharing platform Bilibili, Inc. (NASDAQ: BILI) reported a wider net loss for the third quarter of 2019, hurt by a marked increase in expenses. Meanwhile, revenues increased sharply as the company expanded its user base further.

Earnings Update by AlphaStreet

Third-quarter net loss, adjusted for one-off items, widened to RMB343 million($48 million) or RMB1.05 per share ($0.15 per share) from RMB203 million or RMB0.72 per share in the same period of last year. On an unadjusted basis, the company posted a net loss of RMB406 million ($57 million), compared to a loss of RMB246 million last year.

Cost Escalation

The bottom-line was negatively impacted by a 71% surge in operating expenses to RMB774 million (US$108 million). There was a 70% increase in the cost of revenue to RMB1.5 billion (US$211 million).

Also see: Netflix reaches a new record for subscriber growth in Q3

At RMB1.86 billion ($260 million), net revenues were up 72% from the year-ago period. Mobile games revenues moved up 25%, while revenues from live broadcasting and value-added services more than doubled. Advertising revenues surged 80%.

MAU up 38%

At the end of the quarter, the number of monthly active users was 127.9 million, which represents a 38% year-over-year increase. The number of mobile active users climbed 43% annually to 114.2 million. The number of monthly paying users, on average, rose sharply to about $8 million.

Daily active users increased 40% to 38 million, while revenue per mobile active users advanced 25% to RMB14.5.

Related: Bilibili Q3 2019 Earnings Conference Call Transcript

“Our growing library of content and efficient user growth strategy continue to pay off. We attracted considerable new traffic in the third quarter, adding 17.5 million MAUs sequentially, the highest number of net-additions in our corporate history. Our average DAUs also reached a new high of 37.6 million, increasing by 40% year-on-year in the third quarter,” said chief executive officer Rui Chen.

Outlook

For the fourth quarter, the management predicts net revenues between RMB1.93 billion and RMB1.98 billion. It expects to convert the growing traffic to paying-users in the coming months and enhance gross margin.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Target (TGT): A look at some of the challenges faced by the retailer in 3Q24

Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and

Comments

  1. Pingback: Alumni network
  2. Pingback: Hesham Tawfik
  3. Pingback: Economics
  4. Pingback: fue
  5. Pingback: Lecture Halls
  6. Pingback: end-of-term exams
  7. Pingback: Fiverr Earn
  8. Pingback: fiverrearn.com
  9. Pingback: fiverrearn.com
  10. Pingback: fiverrearn.com
  11. Pingback: fiverrearn.com
  12. Pingback: fiverrearn.com
  13. Pingback: fiverrearn.com
  14. Pingback: french bulldog
  15. Pingback: fiverrearn.com
  16. Pingback: exotic bully
  17. Pingback: seo in Canada
  18. Pingback: future university
  19. Pingback: wix seo
  20. Pingback: french bulldogs
  21. Pingback: future university
  22. Pingback: french bulldog
  23. Pingback: Piano repairs
  24. Pingback: Piano service
  25. Pingback: FUE
  26. Pingback: FUE
  27. Pingback: Smooth transitions
  28. Pingback: Classic Books 500
  29. Pingback: FiverrEarn
  30. Pingback: FiverrEarn
  31. Pingback: FiverrEarn
  32. Pingback: FiverrEarn
  33. Pingback: FiverrEarn
  34. Pingback: Media
  35. Pingback: FiverrEarn
  36. Pingback: Sefton Strip Club
  37. Pingback: partners
  38. Pingback: FiverrEarn
  39. Pingback: FiverrEarn
  40. Pingback: live sex cams
  41. Pingback: live sex cams
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: website builder
  49. Pingback: science
  50. Pingback: Situs Slot Online
  51. Pingback: Kuliah Termurah
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: cheap sex cams
  55. Pingback: fullersears.com
  56. Pingback: live sex cams
  57. Pingback: live sex cams
  58. Pingback: live sex cams
  59. Pingback: frt trigger
  60. Pingback: Despacho contable
  61. Pingback: 늑대닷컴
  62. Pingback: Gamble feature
  63. Pingback: nangs near me
  64. Pingback: allgame
  65. Pingback: 918kiss
  66. Pingback: หวย24
  67. Pingback: Beauty essentials
  68. Pingback: pg slot
  69. Pingback: carte uno reverse
  70. Pingback: Raahe Guide
  71. Pingback: Life Coach Chelsea
  72. Pingback: megagame
  73. Pingback: 6.5 prc ammo
  74. Pingback: 6.5 grendel ammo
  75. Pingback: 220 swift
  76. Pingback: Bulk URL Shortener
  77. Pingback: MasumINTL
  78. Pingback: MasumINTL
  79. Pingback: FB URL Shortener
  80. Pingback: masumintl
  81. Pingback: ItMe.Xyz
  82. Pingback: itme.xyz
  83. Pingback: Bulk URL Shortener
  84. Pingback: ItMe.Xyz
  85. Pingback: MasumINTL
  86. Pingback: Bokeo Thailand
  87. Pingback: itme.xyz
  88. Pingback: ItMe.Xyz
  89. Pingback: itme.xyz

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top