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Bilibili Inc.

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
$10.75B
P/E (TTM)
345.8
28.2
Dividend Yield
--
52W High
$32.50
52W Low
$14.47
52W Range
62%
Rank48Top 50.7%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$1.01B+19.76%
4-Quarter Trend

EPS

$0.07-135.62%
4-Quarter Trend

FCF

$280.06M+9.84%
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)

CACI International IncCACI
$8.86B
+12.6%
Akamai Technologies, Inc.AKAM
$4.13B
+4.2%
Skyworks Solutions, Inc.SWKS
$4.09B
-2.2%

Gross Margin (Latest Quarter)

Paycom Software, Inc.PAYC
82.7%
+2.2pp
Procore Technologies, Inc.PCOR
79.7%
-1.7pp
Rambus Inc.RMBS
74.4%
-0.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LITE$22.79B204.912.3%71.1%
CACI$13.37B26.413.1%36.8%
JKHY$13.14B27.423.1%0.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.2%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 25, 2025|
    Revenue: $3.73B+19.1%
    |
    EPS: $-0.45+72.3%
    Miss

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 27, 2024|
    Revenue: $3.18B+2.9%
    |
    EPS: $-1.65+46.2%
    Miss

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 27, 2023|
    Revenue: $3.25B+13.0%
    |
    EPS: $-3.23-21.1%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 25, 2022|
    Revenue: $3.01B+61.5%
    |
    EPS: $-2.78-105.7%
    Miss

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Mar 5, 2021|
    Revenue: $1.74B+77.0%
    |
    EPS: $-1.26-115.6%
    Miss