Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX:
9626), an iconic brand and a leading video community for young
generations in China, today announced its unaudited financial
results for the first quarter ended March 31, 2023.
First Quarter 2023
Highlights:
- Total
net revenues were RMB5.1 billion (US$738.2 million),
representing an increase of 0.3% from the same period of 2022.
Revenues from advertising were RMB1.3 billion (US$185.2 million),
representing an increase of 22% from the same period of 2022.
- Gross
profit was RMB1.1 billion (US$160.7 million), representing
an increase of 37% from the same period of 2022.
- Net loss was
RMB629.6 million (US$91.7 million), narrowing 72% from the same
period of 2022.
- Adjusted net
loss1 was RMB1.0 billion (US$150.1
million), narrowing 38% from the same period of 2022.
- Average
daily active users
(DAUs2) reached 93.7
million, representing an 18% increase from the same period of
2022.
“We started the first quarter of 2023 on a
positive note with a notable improvement in our gross profit and a
significant reduction in our losses,” said Mr. Rui Chen, chairman
and chief executive officer of Bilibili. “We continue to execute
our strategy of prioritizing profitability while fostering a
vibrant and highly engaged community for our users and creators.
Led by this approach, our advertising revenues grew by 22%
year-over-year in the first quarter of 2023. Meanwhile, our DAUs
increased by 18% year-over-year to 93.7 million and MAUs reached
315.2 million, driving our DAU/MAU ratio to 29.7%. Strong user
engagement persisted, with an average of 96 minutes per day spent
by our users on Bilibili in the first quarter of 2023. Moving
forward, our primary focus will remain on enhancing our
commercialization efficiency and improving our profitability. At
the same time, we are fully committed to fulfilling our mission of
building a better stage for our creators and fostering a welcoming
community that enriches the everyday lives of young generations in
China.”
Mr. Sam Fan, chief financial officer of
Bilibili, said, “In the first quarter, we were able to gain more
operating leverage and achieve a 37% increase in gross profit
year-over-year. Our gross profit margin improved to 22% from 16%
for the same period last year. Many of the spending control
measures we initiated were effective and led to a notable reduction
in our total operating expenses, including a 30% year-over-year
decrease in our sales and marketing expenses. These measures helped
us meaningfully narrow our net loss by 72% year-over-year in the
first quarter. Going forward, our focus will remain on executing
these initiatives, further improving our margins and moving forward
on our path to profitability.”
First Quarter 2023 Financial
Results
Total net revenues. Total net
revenues were RMB5.1 billion (US$738.2 million), representing an
increase of 0.3% from the same period of 2022.
Value-added services (VAS). Revenues from VAS
were RMB2.2 billion (US$314.0 million), representing an increase of
5% from the same period of 2022, mainly attributable to the
Company’s enhanced monetization efforts, led by an increased number
of paying users for the Company’s live broadcasting services.
Advertising. Revenues from advertising were
RMB1.3 billion (US$185.2 million), representing an increase of 22%
from the same period of 2022, mainly attributable to the Company’s
improved advertising product offerings and enhanced advertising
efficiency.
Mobile games. Revenues from mobile games were
RMB1.1 billion (US$164.8 million), representing a decrease of 17%
from the same period of 2022, mainly attributable to the lack of
new game launch in the first quarter 2023.
IP derivatives and others (formerly known as
E-commerce and others). Revenues from IP derivatives and others
were RMB510.0 million (US$74.3 million), representing a decrease of
15% from the same period of 2022, mainly attributable to the
decrease in sales of derivative merchandise of animation, comics
and games (“ACG”) IPs on the Company’s e-commerce platform.
Cost of revenues. Cost of
revenues was RMB4.0 billion (US$577.4 million), representing a
decrease of 7% from the same period of 2022. Revenue-sharing costs,
a key component of cost of revenues, were RMB2.0 billion (US$288.0
million), representing a decrease of 8% from the same period of
2022. Server and bandwidth costs were RMB384.4 million (US$56.0
million), representing a decrease of 16% from the same period of
2022.
Gross profit. Gross profit was
RMB1.1 billion (US$160.7 million), representing an increase of 37%
from the same period of 2022, primarily due to reduced
revenue-sharing costs and server and bandwidth costs.
Total operating expenses. Total
operating expenses were RMB2.5 billion (US$360.9 million),
representing a decrease of 11% from the same period of 2022.
Sales and marketing expenses. Sales and
marketing expenses were RMB880.2 million (US$128.2 million),
representing a 30% decrease year-over-year. The decrease was
primarily attributable to reduced promotional spending related to
user acquisition in the first quarter of 2023.
General and administrative expenses. General and
administrative expenses were RMB571.7 million (US$83.2 million),
representing a 7% increase year-over-year.
Research and development expenses. Research and
development expenses were RMB1.0 billion (US$149.5 million),
representing a 2% increase year-over-year.
Loss from operations. Loss from
operations narrowed to RMB1.4 billion (US$200.2 million), marking a
31% reduction from the same period of 2022.
Total other (expenses)/income,
net. Total other income was RMB776.7 million (US$113.1
million), compared with total other expenses of RMB263.6 million in
the same period of 2022. The increase was primarily attributable to
RMB336.5 million gain from the repurchase of convertible senior
notes and RMB367.9 million gain on fair value change in investments
in publicly traded companies.
Income tax expense. Income tax
expense was RMB31.7 million (US$4.6 million), compared with RMB29.8
million in the same period of 2022.
Net loss. Net loss was RMB629.6
million (US$91.7 million), marking a 72% reduction from the same
period of 2022.
Adjusted net
loss1. Adjusted net loss
was RMB1.0 billion (US$150.1 million), marking a 38% reduction from
the same period of 2022. Adjusted net loss is a non-GAAP measure
that excludes share-based compensation expenses, amortization
expense related to intangible assets acquired through business
acquisitions, income tax related to intangible assets acquired
through business acquisitions, gain/loss on fair value change in
investments in publicly traded companies, gain on the repurchase of
convertible senior notes, expenses related to organizational
optimization and termination expenses of certain game projects.
Basic and diluted EPS and
adjusted basic and diluted
EPS1. Basic and diluted net loss per
share were RMB1.53 (US$0.22), compared with RMB5.80 in the same
period of 2022. Adjusted basic and diluted net loss per share were
RMB2.51 (US$0.37), compared with RMB4.20 in the same period of
2022.
Cash and cash equivalents, time deposits
and short-term investments. As of March 31, 2023, the
Company had cash and cash equivalents, time deposits and short-term
investments of RMB19.4 billion (US$2.8 billion).
Share Repurchase Program and Repurchase
of Convertible Senior Notes
The Company announced in March 2022 that its
board of directors had authorized a share repurchase program, under
which the Company may repurchase up to US$500 million of its ADSs
for the next 24 months. The Company had repurchased a total of 2.6
million ADSs for a total cost of US$53.6 million as of March 31,
2023.
In January 2023, the Company completed the
offering of 15,344,000 ADSs at US$26.65 per ADS. Shortly after the
completion of the ADS offering, the Company completed the exchange
of an aggregate principal amount of US$384.8 million of its
outstanding December 2026 Notes (the “Exchange Notes”) purchased by
Goldman Sachs (Asia) L.L.C. (“Goldman Sachs”) and its applicable
affiliate(s), as duly engaged and authorized by the Company, from
the holders of such Exchange Notes in privately negotiated
transactions for the issuance of the Company’s ADSs. The aggregate
purchase price of the Exchange Notes in the amount of US$331.2
million was funded by the net proceeds from the ADS offering.
As of March 31, 2023, the Company had
repurchased a total principal amount of US$54.0 million 2027 Notes
and a total principal amount of US$1.2 billion December 2026 Notes
for a total cash consideration of US$0.9 billion.
The Company’s repurchase programs of its ADSs or
convertible senior notes will depend upon a variety of factors,
including market conditions. These programs may be suspended or
discontinued at any time.
Environmental, Social and Governance
(“ESG”)
Bilibili released its 2022 annual ESG report
(“ESG Report”) in April 2023, outlining its long-standing
commitment to sustainable development. The ESG Report highlights
Bilibili’s actions and efforts to create value with its users,
content creators, employees, business partners, and other
stakeholders. To view the ESG Report, please visit the ESG page of
the Company’s investor relations website at
https://ir.bilibili.com/en/esg/.
Outlook
For the full year of 2023, the Company currently
expects net revenues to be between RMB24.0 billion and RMB26.0
billion, which remains unchanged from the previously provided
estimates.
The above outlook is based on the current market
conditions and reflects the Company’s preliminary estimates, which
are all subject to various uncertainties.
1 Adjusted net loss and adjusted basic and
diluted EPS are non-GAAP financial measures. For more information
on non-GAAP financial measures, please see the section of “Use of
Non-GAAP Financial Measures” and the table captioned “Unaudited
Reconciliations of GAAP and Non-GAAP Results.”
2 Starting from the second quarter of 2022,
active users are counted as the sum of active users on mobile apps
and PC ends during a given period. Active users are calculated on
mobile apps based on the number of mobile devices (including smart
TV and other smart devices) that have launched our mobile apps
during a given period. Active users on the PC ends refer to the sum
of valid logged-in users who visit our PC website at
www.bilibili.com and engage in PC application during a given
period, after eliminating duplicates.
Conference Call
The Company’s management will host an earnings
conference call at 8:00 AM U.S. Eastern Time on June 1, 2023 (8:00
PM Beijing/Hong Kong Time on June 1, 2023).
Details for the conference call are as
follows:
Event Title: |
|
Bilibili Inc. First Quarter 2023 Earnings Conference Call |
Registration Link: |
|
https://register.vevent.com/register/BI97fa686598904dc99838229131aefe79 |
All participants must use the link provided
above to complete the online registration process in advance of the
conference call. Upon registering, each participant will receive a
set of participant dial-in numbers and a personal PIN, which will
be used to join the conference call.
Additionally, a live webcast of the conference
call will be available on the Company’s investor relations website
at http://ir.bilibili.com, and a replay of the webcast will be
available following the session.
About Bilibili Inc.
Bilibili is an iconic brand and a leading video
community with a mission to enrich the everyday lives of young
generations in China. Bilibili offers a wide array of video-based
content with All the Videos You Like as its value proposition.
Bilibili builds its community around aspiring users, high-quality
content, talented content creators and the strong emotional bonds
among them. Bilibili pioneered the “bullet chatting” feature, a
live comment function that has transformed our users’ viewing
experience by displaying the thoughts and feelings of audience
members viewing the same video. The Company has now become the
welcoming home of diverse interests among young generations in
China and the frontier for promoting Chinese culture across the
world.
For more information, please visit:
http://ir.bilibili.com.
Use of Non-GAAP Financial
Measures
The Company uses non-GAAP measures, such as
adjusted net loss, adjusted net loss per share and per ADS, basic
and diluted, in evaluating its operating results and for financial
and operational decision-making purposes. The Company believes that
the non-GAAP financial measures help identify underlying trends in
its business by excluding the impact of share-based compensation
expenses, amortization expense related to intangible assets
acquired through business acquisitions, income tax related to
intangible assets acquired through business acquisitions, gain/loss
on fair value change in investments in publicly traded companies,
gain on repurchase of convertible senior notes, expenses related to
organizational optimization, and termination expenses of certain
game projects. The Company believes that the non-GAAP financial
measures provide useful information about the Company’s results of
operations, enhance the overall understanding of the Company’s past
performance and future prospects and allow for greater visibility
with respect to key metrics used by the Company’s management in its
financial and operational decision-making.
The non-GAAP financial measures are not defined
under U.S. GAAP and are not presented in accordance with U.S. GAAP.
The non-GAAP financial measures have limitations as analytical
tools, and when assessing the Company’s operating performance, cash
flows or liquidity, investors should not consider them in
isolation, or as a substitute for net loss, cash flows provided by
operating activities or other consolidated statements of operations
and cash flows data prepared in accordance with U.S. GAAP.
The Company mitigates these limitations by
reconciling the non-GAAP financial measures to the most comparable
U.S. GAAP performance measures, all of which should be considered
when evaluating the Company’s performance.
For more information on the non-GAAP financial
measures, please see the table captioned “Unaudited Reconciliations
of GAAP and Non-GAAP Results.”
Exchange Rate Information
This announcement contains translations of
certain RMB amounts into U.S. dollars (“US$”) at specified rates
solely for the convenience of the reader. Unless otherwise stated,
all translations from RMB to US$ were made at the rate of RMB6.8676
to US$1.00, the exchange rate on March 31, 2023 set forth in the
H.10 statistical release of the Federal Reserve Board. The Company
makes no representation that the RMB or US$ amounts referred could
be converted into US$ or RMB, as the case may be, at any particular
rate or at all.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “confident,”
“potential,” “continue,” or other similar expressions. Among other
things, outlook and quotations from management in this
announcement, as well as Bilibili’s strategic and operational
plans, contain forward-looking statements. Bilibili may also make
written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission, in its interim and
annual reports to shareholders, in announcements, circulars or
other publications made on the website of The Stock Exchange of
Hong Kong Limited (the “Hong Kong Stock Exchange”), in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including but not limited to
statements about Bilibili’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: results of operations, financial condition, and stock
price; Bilibili’s strategies; Bilibili’s future business
development, financial condition and results of operations;
Bilibili’s ability to retain and increase the number of users,
members and advertising customers, provide quality content,
products and services, and expand its product and service
offerings; competition in the online entertainment industry;
Bilibili’s ability to maintain its culture and brand image within
its addressable user communities; Bilibili’s ability to manage its
costs and expenses; PRC governmental policies and regulations
relating to the online entertainment industry, general economic and
business conditions globally and in China and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in the Company’s
filings with the Securities and Exchange Commission and the Hong
Kong Stock Exchange. All information provided in this announcement
and in the attachments is as of the date of the announcement, and
the Company undertakes no duty to update such information, except
as required under applicable law.
For investor and media inquiries, please
contact:
In China:
Bilibili Inc.Juliet YangTel: +86-21-2509-9255
Ext. 8523E-mail: ir@bilibili.com
Piacente Financial CommunicationsHelen WuTel:
+86-10-6508-0677E-mail: bilibili@tpg-ir.com
In the United States:
Piacente Financial CommunicationsBrandi
PiacenteTel: +1-212-481-2050E-mail: bilibili@tpg-ir.com
BILIBILI INC. |
|
Unaudited Condensed Consolidated Statements of
Operations |
|
(All amounts in thousands, except for share and per share
data) |
|
|
For the Three Months Ended |
|
March31, |
|
December31, |
|
March31, |
|
2022 |
|
2022 |
|
2023 |
|
RMB |
|
RMB |
|
RMB |
|
|
|
|
|
|
Net
revenues: |
|
|
|
|
|
Mobile games |
1,357,818 |
|
|
1,145,905 |
|
|
1,131,619 |
|
Value-added services (VAS) |
2,052,192 |
|
|
2,349,809 |
|
|
2,156,224 |
|
Advertising |
1,040,770 |
|
|
1,512,356 |
|
|
1,271,804 |
|
IP derivatives and others (formerly known as E-commerce and
others) |
603,319 |
|
|
1,134,416 |
|
|
509,964 |
|
Total net
revenues |
5,054,099 |
|
|
6,142,486 |
|
|
5,069,611 |
|
Cost of
revenues |
(4,246,858 |
) |
|
(4,892,933 |
) |
|
(3,965,679 |
) |
Gross
profit |
807,241 |
|
|
1,249,553 |
|
|
1,103,932 |
|
|
|
|
|
|
|
Operating
expenses: |
|
|
|
|
|
Sales and marketing expenses |
(1,253,914 |
) |
|
(1,266,149 |
) |
|
(880,186 |
) |
General and administrative expenses |
(535,296 |
) |
|
(816,807 |
) |
|
(571,695 |
) |
Research and development expenses |
(1,008,843 |
) |
|
(1,493,799 |
) |
|
(1,026,712 |
) |
Total operating
expenses |
(2,798,053 |
) |
|
(3,576,755 |
) |
|
(2,478,593 |
) |
Loss from
operations |
(1,990,812 |
) |
|
(2,327,202 |
) |
|
(1,374,661 |
) |
|
|
|
|
|
|
Other
(expenses)/income: |
|
|
|
|
|
Investment (loss)/income, net |
(626,316 |
) |
|
(166,815 |
) |
|
286,402 |
|
Interest income |
34,300 |
|
|
108,306 |
|
|
146,274 |
|
Interest expense |
(62,435 |
) |
|
(63,558 |
) |
|
(57,706 |
) |
Exchange (losses)/gains |
(6,264 |
) |
|
64,648 |
|
|
(7,712 |
) |
Debt extinguishment gain |
338,779 |
|
|
842,804 |
|
|
336,485 |
|
Others, net |
58,375 |
|
|
65,242 |
|
|
73,005 |
|
Total other
(expenses)/income, net |
(263,561 |
) |
|
850,627 |
|
|
776,748 |
|
Loss before income tax
expenses |
(2,254,373 |
) |
|
(1,476,575 |
) |
|
(597,913 |
) |
Income tax |
(29,759 |
) |
|
(20,461 |
) |
|
(31,732 |
) |
Net loss |
(2,284,132 |
) |
|
(1,497,036 |
) |
|
(629,645 |
) |
Net loss attributable to noncontrolling interests |
2,150 |
|
|
2,382 |
|
|
1,959 |
|
Net loss attributable
to the Bilibili Inc.'s shareholders |
(2,281,982 |
) |
|
(1,494,654 |
) |
|
(627,686 |
) |
Net loss per share, basic |
(5.80 |
) |
|
(3.77 |
) |
|
(1.53 |
) |
Net loss per ADS, basic |
(5.80 |
) |
|
(3.77 |
) |
|
(1.53 |
) |
Net loss per share,
diluted |
(5.80 |
) |
|
(3.77 |
) |
|
(1.53 |
) |
Net loss per ADS, diluted |
(5.80 |
) |
|
(3.77 |
) |
|
(1.53 |
) |
Weighted average number of
ordinary shares, basic |
393,538,141 |
|
|
396,083,505 |
|
|
410,564,084 |
|
Weighted average number of
ADS, basic |
393,538,141 |
|
|
396,083,505 |
|
|
410,564,084 |
|
Weighted average number of
ordinary shares, diluted |
393,538,141 |
|
|
396,083,505 |
|
|
410,564,084 |
|
Weighted average number of
ADS, diluted |
393,538,141 |
|
|
396,083,505 |
|
|
410,564,084 |
|
|
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of press release. |
BILIBILI INC. |
|
NOTES TO UNAUDITED FINANCIAL INFORMATION |
|
(All amounts in thousands, except for share and per share
data) |
|
|
For the Three Months Ended |
|
March31, |
|
December31 |
|
March31, |
|
2022 |
|
2022 |
|
2023 |
|
RMB |
|
RMB |
|
RMB |
|
|
|
|
|
|
Share-based
compensation expenses included in: |
|
|
|
|
|
Cost of revenues |
23,033 |
|
14,908 |
|
12,462 |
Sales and marketing expenses |
12,592 |
|
17,815 |
|
14,504 |
General and administrative expenses |
145,995 |
|
136,681 |
|
137,616 |
Research and development expenses |
96,242 |
|
85,391 |
|
96,152 |
Total |
277,862 |
|
254,795 |
|
260,734 |
|
|
|
|
|
|
BILIBILI INC. |
|
Unaudited Condensed Consolidated Balance
Sheets |
|
(All amounts in thousands, except for share and per share
data) |
|
|
December 31, |
|
March 31, |
|
2022 |
|
2023 |
|
RMB |
|
RMB |
|
|
|
|
Assets |
|
|
|
Current assets: |
|
|
|
Cash and cash equivalents |
10,172,584 |
|
10,217,931 |
|
Time deposits |
4,767,972 |
|
6,119,248 |
|
Restricted cash |
14,803 |
|
14,803 |
|
Accounts receivable, net |
1,328,584 |
|
1,273,156 |
|
Prepayments and other current assets |
3,545,493 |
|
3,290,520 |
|
Short-term investments |
4,623,452 |
|
3,048,960 |
|
Total current assets |
24,452,888 |
|
23,964,618 |
|
Non-current assets: |
|
|
|
Property and equipment, net |
1,227,163 |
|
1,046,549 |
|
Production cost, net |
1,929,622 |
|
1,970,778 |
|
Intangible assets, net |
4,326,790 |
|
4,074,346 |
|
Goodwill |
2,725,130 |
|
2,725,130 |
|
Long-term investments, net |
5,651,018 |
|
5,716,958 |
|
Other long-term assets |
1,517,959 |
|
1,478,842 |
|
Total non-current assets |
17,377,682 |
|
17,012,603 |
|
Total
assets |
41,830,570 |
|
40,977,221 |
|
Liabilities |
|
|
|
Current liabilities: |
|
|
|
Accounts payable |
4,291,656 |
|
4,400,307 |
|
Salary and welfare payables |
1,401,526 |
|
836,676 |
|
Taxes payable |
316,244 |
|
274,346 |
|
Short-term loan and current portion of long-term debt |
6,621,386 |
|
6,851,698 |
|
Deferred revenue |
2,819,323 |
|
2,730,136 |
|
Accrued liabilities and other payables |
1,643,269 |
|
1,607,164 |
|
Total current liabilities |
17,093,404 |
|
16,700,327 |
|
Non-current liabilities: |
|
|
|
Long-term debt |
8,683,150 |
|
5,957,953 |
|
Other long-term liabilities |
814,429 |
|
731,274 |
|
Total non-current liabilities |
9,497,579 |
|
6,689,227 |
|
Total
liabilities |
26,590,983 |
|
23,389,554 |
|
|
|
|
|
Total Bilibili Inc.’s
shareholders’ equity |
15,237,828 |
|
17,587,867 |
|
Noncontrolling interests |
1,759 |
|
(200 |
) |
Total shareholders’
equity |
15,239,587 |
|
17,587,667 |
|
|
|
|
|
Total liabilities and
shareholders’ equity |
41,830,570 |
|
40,977,221 |
|
|
|
|
|
BILIBILI INC. |
|
Unaudited Reconciliations of GAAP and Non-GAAP
Results |
|
(All amounts in thousands, except for share and per share
data) |
|
|
For the Three Months Ended |
|
March31, |
|
December31, |
|
March31, |
|
2022 |
|
2022 |
|
2023 |
|
RMB |
|
RMB |
|
RMB |
|
|
|
|
|
|
Net loss |
(2,284,132 |
) |
|
(1,497,036 |
) |
|
(629,645 |
) |
Add: |
|
|
|
|
|
Share-based compensation
expenses |
277,862 |
|
|
254,795 |
|
|
260,734 |
|
Amortization expense related
to intangible assets acquired through business acquisitions |
56,997 |
|
|
48,151 |
|
|
48,151 |
|
Income tax related to
intangible assets acquired through business acquisitions |
(7,981 |
) |
|
(5,625 |
) |
|
(5,625 |
) |
Loss/(Gain) on fair value
change in investments in publicly traded companies |
641,114 |
|
|
59,688 |
|
|
(367,920 |
) |
Gain on repurchase of
convertible senior notes |
(338,779 |
) |
|
(842,804 |
) |
|
(336,485 |
) |
Expenses related to
organizational optimization |
- |
|
|
251,736 |
|
|
- |
|
Termination expenses of
certain game projects |
- |
|
|
416,708 |
|
|
- |
|
Adjusted net
loss |
(1,654,919 |
) |
|
(1,314,387 |
) |
|
(1,030,790 |
) |
|
|
|
|
|
|
Net loss attributable
to the Bilibili Inc.'s shareholders |
(2,281,982 |
) |
|
(1,494,654 |
) |
|
(627,686 |
) |
Add: |
|
|
|
|
|
Share-based compensation
expenses |
277,862 |
|
|
254,795 |
|
|
260,734 |
|
Amortization expense related
to intangible assets acquired through business acquisitions |
56,997 |
|
|
48,151 |
|
|
48,151 |
|
Income tax related to
intangible assets acquired through business acquisitions |
(7,981 |
) |
|
(5,625 |
) |
|
(5,625 |
) |
Loss/(Gain) on fair value
change in investments in publicly traded companies |
641,114 |
|
|
59,688 |
|
|
(367,920 |
) |
Gain on repurchase of
convertible senior notes |
(338,779 |
) |
|
(842,804 |
) |
|
(336,485 |
) |
Expenses related to
organizational optimization |
- |
|
|
251,736 |
|
|
- |
|
Termination expenses of
certain game projects |
- |
|
|
416,708 |
|
|
- |
|
Adjusted net loss
attributable to the Bilibili Inc.'s shareholders |
(1,652,769 |
) |
|
(1,312,005 |
) |
|
(1,028,831 |
) |
Adjusted net loss per share,
basic |
(4.20 |
) |
|
(3.31 |
) |
|
(2.51 |
) |
Adjusted net loss per ADS,
basic |
(4.20 |
) |
|
(3.31 |
) |
|
(2.51 |
) |
Adjusted net loss per share,
diluted |
(4.20 |
) |
|
(3.31 |
) |
|
(2.51 |
) |
Adjusted net loss per ADS,
diluted |
(4.20 |
) |
|
(3.31 |
) |
|
(2.51 |
) |
Weighted average number of
ordinary shares, basic |
393,538,141 |
|
|
396,083,505 |
|
|
410,564,084 |
|
Weighted average number of
ADS, basic |
393,538,141 |
|
|
396,083,505 |
|
|
410,564,084 |
|
Weighted average number of
ordinary shares, diluted |
393,538,141 |
|
|
396,083,505 |
|
|
410,564,084 |
|
Weighted average number of
ADS, diluted |
393,538,141 |
|
|
396,083,505 |
|
|
410,564,084 |
|
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