Bilibili Inc.

NASDAQ•BILI

CEO: Mr. Rui Chen

Sector: Technology

Industry: Electronic Gaming & Multimedia

Listing Date: 2018-03-28

Bilibili Inc. provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic. The company also provides advertising services; and IP derivatives and other services. In addition, it engages in the business and technology development activities; e-commerce business; and video, comics, and game distribution activities. Bilibili Inc. was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.

Contact Information

Building 3, Guozheng Center No. 485 Zhengli Road Yangpu District, Shanghai, 200433, China

86-21-2509-9255

www.bilibili.com

Market Cap

$10.56B

P/E (TTM)

61.3

33.5

Dividend Yield

52W High

$36.40

52W Low

$14.47

52W Range

49%

Rank43Top 50.7%

3.8

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.8 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.16B+0.00%

4-Quarter Trend

EPS

$0.17+0.00%

4-Quarter Trend

FCF

$0.00+0.00%

4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Net Revenue Increased 19.1% Total net revenues reached RMB 26.8B in 2024, marking 19.1% growth, driven by VAS and Advertising segments.

Gross Profit Margin Expanded Gross profit grew 61.2% to RMB 8.77B; margin expanded to 32.7% in 2024 from 24.2% in 2023.

Narrowed Net Loss Significantly Net loss reduced 71.7% to RMB 1.36B in 2024 compared to RMB 4.81B loss in 2023.

Strong Operating Cash Flow Net cash provided by operating activities was RMB 6.01B in 2024, reversing prior period usage.

Risk Factors

VIE Structure Enforcement Uncertainty Reliance on contractual arrangements for PRC operations faces substantial uncertainty regarding enforceability and future regulatory changes.

Content Compliance Liability Risk Content violations regarding PRC laws may lead to severe penalties, fines, business disruption, or license revocation.

Competition Pressures User Growth Intense competition in video industry pressures ability to retain users and content creators, potentially slowing DAU/MAU growth.

Foreign Exchange Rate Volatility Significant RMB fluctuation against USD adversely affects reported financial results and cash conversion capabilities.

Outlook

Focus on Efficient Commercialization Plan to unlock embedded value through more efficient commercialization products and services to drive sustainable profitability long-term.

Technology and Talent Investment Critical investment focus remains on AI technology, big data analytics, cloud technology, and retaining experienced personnel.

Mobile Games Portfolio Expansion Plan to launch new mobile games and enhance existing portfolio to stabilize revenues amid evolving market dynamics beyond control.

Shift Growth Focus to DAU Strategy shifts growth focus from MAU to DAU, emphasizing community quality and attracting wider demographics beyond Gen Z+.

Peer Comparison

Revenue (TTM)

SNX

$62.51B

+6.9%

CACI

$8.98B

+10.4%

QXO

$6.84B

+11938.9%

Gross Margin (Latest Quarter)

PCOR

79.4%

-1.7pp

PAYC

79.1%

-2.5pp

RMBS

78.9%

-0.9pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
LITE	$44.45B	175.9	27.6%	69.6%
ENTG	$16.45B	69.8	6.1%	46.6%
AKAM	$15.60B	34.4	9.6%	60.2%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

6.3%

Steady Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

50%

Cash Flow Needs Attention

Deep Research

Next earnings:May 27, 2026

EPS:$0.17

Revenue:$1.09B

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data