UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2023

Commission File Number: 001-38429

 

 

Bilibili Inc.

 

 

Building 3, Guozheng Center, No. 485 Zhengli Road

Yangpu District, Shanghai, 200433

People’s Republic of China

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

 

 

 


Exhibit Index

Exhibit 99.1 – Press Release


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

BILIBILI INC.
By   :  

/s/ Xin Fan

Name   :   Xin Fan
Title   :   Chief Financial Officer

Date: November 29, 2023

Exhibit 99.1

Bilibili Inc. Announces Third Quarter 2023 Financial Results

SHANGHAI, November 29, 2023 — 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 third quarter ended September 30, 2023.

Third Quarter 2023 Highlights:

 

   

Total net revenues were RMB5.8 billion (US$795.7 million), flat with the same period of 2022. Revenues from advertising were RMB1.6 billion (US$224.5 million), representing an increase of 21% from the same period of 2022.

 

   

Gross profit was RMB1.5 billion (US$198.8 million), representing an increase of 38% from the same period of 2022. Gross profit margin was 25.0%, compared with 18.2% in the same period of 2022.

 

   

Net loss was RMB1.3 billion (US$183.3 million), narrowing by 22% from the same period of 2022.

 

   

Adjusted net loss1 was RMB863.5 million (US$118.3 million), narrowing by 51% from the same period of 2022.

 

   

Average daily active users (DAUs) were 102.8 million, representing an increase of 14% from the same period of 2022.

“Our community growth and commercialization efforts have formed a virtuous cycle in the third quarter,” said Mr. Rui Chen, chairman and chief executive officer of Bilibili. “We delivered remarkable user growth and engagement in the third quarter while effectively improving our commercialization efficiency. Our DAUs surpassed an exciting milestone of 100 million, marking a 14% year-over-year increase to 103 million. Additionally, users’ average daily time spent on our platform reached a historical high of 100 minutes, boosting total user time spent2 by 19% year-over-year. Meanwhile, we are continuing to strengthen our commercialization efficiency by integrating advertising solutions and live broadcasting across our content ecosystem. This strategy has driven our revenues from advertising and value-added services up by 21% and 17% year-over-year, respectively. We are proud of the quality community growth we have achieved thus far, and we are confident that our self-driven content ecosystem will lead to even more user growth and commercial opportunities ahead.”

Mr. Sam Fan, chief financial officer of Bilibili, said, “In the third quarter, our gross profit margin improved from 18% to 25%, and our gross profit grew by 38%, both year-over-year. While we grew our DAUs, we further reined in our total operating expenses by 12% and narrowed our adjusted net loss by 51%, both year-over-year. Notably, our operating cash flow turned positive in the third quarter, showing our operations have entered a positive cycle. Going forward, we remain committed to further improving our financials and creating value for all stakeholders.”

Third Quarter 2023 Financial Results

Total net revenues. Total net revenues were RMB5.8 billion (US$795.7 million), flat with the same period of 2022.

Value-added services (VAS). Revenues from VAS were RMB2.6 billion (US$355.7 million), representing an increase of 17% from the same period of 2022, led by an increase in revenues from live broadcasting and other value-added services.

Advertising. Revenues from advertising were RMB1.6 billion (US$224.5 million), representing an increase of 21% 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 RMB991.8 million (US$135.9 million), representing a decrease of 33% from the same period of 2022, and an increase of 11% quarter-over-quarter. The year-over-year decrease was mainly due to the high base from the release of Space Hunter 3 in June 2022, as well as lower-than-expected revenues from certain new games in the third quarter of 2023.

IP derivatives and others (formerly known as E-commerce and others). Revenues from IP derivatives and others were RMB580.0 million (US$79.5 million), representing a decrease of 23% from the same period of 2022, primarily due to a decrease in revenues from IP derivatives sales.

Cost of revenues. Cost of revenues was RMB4.4 billion (US$596.9 million), representing a decrease of 8% from the same period of 2022. The decrease was mainly due to lower content costs, server and bandwidth costs and others costs led by effective cost control. Revenue-sharing costs, a key component of the cost of revenues, were RMB2.5 billion (US$336.6 million), representing an increase of 3% from the same period of 2022.

Gross profit. Gross profit was RMB1.5 billion (US$198.8 million), representing an increase of 38% from the same period of 2022, primarily as a result of the Company’s reduction of fixed costs related to platform operations, as the Company enhanced its monetization efficiency.

Total operating expenses. Total operating expenses were RMB2.6 billion (US$350.5 million), representing a decrease of 12% from the same period of 2022.

Sales and marketing expenses. Sales and marketing expenses were RMB992.3 million (US$136.0 million), representing a 19% decrease year-over-year. The decrease was primarily attributable to reduced promotional spending related to user acquisition in the third quarter of 2023.

General and administrative expenses. General and administrative expenses were RMB499.1 million (US$68.4 million), representing an 8% decrease year-over-year. The decrease was primarily attributable to a decline in allowance for doubtful accounts, rental costs and other general and administrative expenses in the third quarter of 2023.

Research and development expenses. Research and development expenses were RMB1.1 billion (US$146.1 million), representing a 6% decrease year-over-year. The decrease was mainly attributable to a decline in staff-related costs in the third quarter of 2023.

Loss from operations. Loss from operations was RMB1.1 billion (US$151.8 million), narrowing by 40% from the same period of 2022.

Adjusted loss from operations1. Adjusted loss from operations was RMB755.4 million (US$103.5million), narrowing by 51% from the same period of 2022. Adjusted loss from operations is a non-GAAP measure that excludes share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions, expenses related to organizational optimization, and termination expenses of certain game projects.

Investment income/(loss), net (including impairments). Total investment loss was RMB245.0 million (US$33.6 million), compared with an investment income of RMB178.6 million in the same period of 2022. The change was primarily attributable to the fair value changes in investments in publicly traded companies. A fair value loss of RMB137.4 million was recognized in the third quarter of 2023, compared to a fair value gain of RMB343.0 million for the same period of 2022.


Income tax expense. Income tax expense was RMB18.0 million (US$2.5 million), compared with RMB27.1 million in the same period of 2022.

Net loss. Net loss was RMB1.3 billion (US$183.3 million), narrowing by 22% from the same period of 2022.

Adjusted net loss1. Adjusted net loss was RMB863.5 million (US$118.3 million), narrowing by 51% from the same period of 2022. Adjusted net loss is a non-GAAP measure that excludes share-based compensation expenses, amortization expenses 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/loss 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 RMB3.26 (US$0.45) each, compared with RMB4.34 each in the same period of 2022. Adjusted basic and diluted net loss per share were RMB2.12 (US$0.29) each, compared with RMB4.46 each in the same period of 2022.

Cash and cash equivalents, time deposits and short-term investments. As of September 30, 2023, the Company had cash and cash equivalents, time deposits and short-term investments of RMB14.5 billion (US$2.0 billion).

Repurchase of Convertible Senior Notes

In the third quarter of 2023, the Company repurchased an aggregate principal amount of US$14.5 million (RMB104.0 million) December 2026 Notes with an aggregate cash consideration of US$13.0 million (RMB93.3 million). As of September 30, 2023, the aggregate outstanding principal amount of April 2026 Notes, 2027 Notes and December 2026 Notes was US$861.8 million (RMB6.3 billion).

Outlook

For the full year of 2023, due to lower-than-expected mobile game revenues, the Company currently expects total net revenues to be at the low-end of the RMB22.5 billion to RMB23.5 billion range.

The outlook is based on the current market conditions and reflects the Company’s preliminary estimates, which are all subject to various uncertainties.

 

1 

Adjusted loss from operations, 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 

Total time spent represents the total time users spent on our mobile apps during a given period, which is the result of average daily time spent per active user on our mobile apps multiplied by DAUs and further multiplied by the number of days in such period.


Conference Call

The Company’s management will host an earnings conference call at 7:00 AM U.S. Eastern Time on November 29, 2023 (8:00 PM Beijing/Hong Kong Time on November 29, 2023). Details for the conference call are as follows:

Event Title:        Bilibili Inc. Third Quarter 2023 Earnings Conference Call

Registration Link: https://register.vevent.com/register/BI1db4115406524e49ae627bb437ede6bc

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 https://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: https://ir.bilibili.com/.

Use of Non-GAAP Financial Measures

The Company uses non-GAAP measures, such as adjusted loss from operations, adjusted net loss and 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/loss 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 RMB7.2960 to US$1.00, the exchange rate on September 29, 2023, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred to 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 Yang

Tel: +86-21-2509-9255 Ext. 8523

E-mail: ir@bilibili.com

Piacente Financial Communications

Helen Wu

Tel: +86-10-6508-0677

E-mail: bilibili@tpg-ir.com

In the United States:

Piacente Financial Communications

Brandi Piacente

Tel: +1-212-481-2050

E-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     For the Nine Months Ended  
     September
30, 2022
    June
30, 2023
    September
30, 2023
    September
30, 2022
    September
30, 2023
 
     RMB     RMB     RMB     RMB     RMB  

Net revenues:

          

Mobile games

     1,471,331       890,884       991,776       3,875,385       3,014,279  

Value-added services (VAS)

     2,209,711       2,301,741       2,595,036       6,365,361       7,053,001  

Advertising

     1,354,834       1,572,840       1,638,232       3,553,856       4,482,876  

IP derivatives and others (formerly known as E-commerce and others)

     757,775       538,734       580,037       1,962,079       1,628,735  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total net revenues

     5,793,651       5,304,199       5,805,081       15,756,681       16,178,891  

Cost of revenues

     (4,739,435     (4,076,665     (4,354,664     (13,156,939     (12,397,008

Gross profit

     1,054,216       1,227,534       1,450,417       2,599,742       3,781,883  

Operating expenses:

          

Sales and marketing expenses

     (1,228,708     (918,197     (992,303     (3,654,596     (2,790,686

General and administrative expenses

     (543,366     (539,699     (499,132     (1,704,327     (1,610,526

Research and development expenses

     (1,131,010     (1,047,321     (1,066,155     (3,271,561     (3,140,188
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating expenses

     (2,903,084     (2,505,217     (2,557,590     (8,630,484     (7,541,400
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss from operations

     (1,848,868     (1,277,683     (1,107,173     (6,030,742     (3,759,517

Other income/(expenses):

          

Investment income/(loss), net (including impairments)

     178,603       (278,081     (244,961     (365,670     (236,640

Interest income

     82,477       152,026       117,722       172,745       416,022  

Interest expense

     (63,753     (47,976     (30,064     (187,365     (135,746

Exchange losses

     (62,867     (8,840     (23,871     (84,393     (40,423

Debt extinguishment (loss)/gain

     —         (54,043     9,771       475,790       292,213  

Others, net

     25,451       (9,677     (40,695     92,702       22,633  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total other income/(expenses), net

     159,911       (246,591     (212,098     103,809       318,059  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income tax

     (1,688,957     (1,524,274     (1,319,271     (5,926,933     (3,441,458

Income tax

     (27,083     (23,858     (17,975     (83,684     (73,565
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

     (1,716,040     (1,548,132     (1,337,246     (6,010,617     (3,515,023

Net loss/(income) attributable to noncontrolling interests

     2,590       1,425       (14,198     8,258       (10,814
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss attributable to the Bilibili Inc.’s shareholders

     (1,713,450     (1,546,707     (1,351,444     (6,002,359     (3,525,837

Net loss per share, basic

     (4.34     (3.74     (3.26     (15.22     (8.54

Net loss per ADS, basic

     (4.34     (3.74     (3.26     (15.22     (8.54

Net loss per share, diluted

     (4.34     (3.74     (3.26     (15.22     (8.54

Net loss per ADS, diluted

     (4.34     (3.74     (3.26     (15.22     (8.54

Weighted average number of ordinary shares, basic

     395,062,497       413,446,005       413,983,020       394,452,475       412,676,893  

Weighted average number of ADS, basic

     395,062,497       413,446,005       413,983,020       394,452,475       412,676,893  

Weighted average number of ordinary shares, diluted

     395,062,497       413,446,005       413,983,020       394,452,475       412,676,893  

Weighted average number of ADS, diluted

     395,062,497       413,446,005       413,983,020       394,452,475       412,676,893  

The accompanying notes are an integral part of this 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      For the Nine Months
Ended
 
     September
30, 2022
     June
30, 2023
     September
30, 2023
     September
30, 2022
     September
30, 2023
 
     RMB      RMB      RMB      RMB      RMB  

Share-based compensation expenses included in:

              

Cost of revenues

     16,076        17,440        18,808        54,188        48,710  

Sales and marketing expenses

     15,295        14,662        13,523        41,226        42,689  

General and administrative expenses

     135,420        153,597        155,511        418,295        446,724  

Research and development expenses

     84,537        115,115        116,195        272,179        327,462  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     251,328        300,814        304,037        785,888        865,585  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 


BILIBILI INC.

Unaudited Condensed Consolidated Balance Sheets

(All amounts in thousands, except for share and per share data)

 

     December
31, 2022
     September
30, 2023
 
     RMB      RMB  

Assets

     

Current assets:

     

Cash and cash equivalents

     10,172,584        7,639,889  

Time deposits

     4,767,972        4,404,608  

Restricted cash

     14,803        167,810  

Accounts receivable, net

     1,328,584        1,649,961  

Prepayments and other current assets

     3,545,493        2,419,519  

Short-term investments

     4,623,452        2,469,203  
  

 

 

    

 

 

 

Total current assets

     24,452,888        18,750,990  
  

 

 

    

 

 

 

Non-current assets:

     

Property and equipment, net

     1,227,163        796,644  

Production cost, net

     1,929,622        1,997,550  

Intangible assets, net

     4,326,790        3,881,654  

Goodwill

     2,725,130        2,725,130  

Long-term investments, net

     5,651,018        4,597,966  

Other long-term assets

     1,517,959        1,145,299  
  

 

 

    

 

 

 

Total non-current assets

     17,377,682        15,144,243  
  

 

 

    

 

 

 

Total assets

     41,830,570        33,895,233  
  

 

 

    

 

 

 

Liabilities

     

Current liabilities:

     

Accounts payable

     4,291,656        4,122,334  

Salary and welfare payables

     1,401,526        1,070,015  

Taxes payable

     316,244        275,018  

Short-term loan and current portion of long-term debt

     6,621,386        4,482,382  

Deferred revenue

     2,819,323        2,837,780  

Accrued liabilities and other payables

     1,643,269        1,905,498  
  

 

 

    

 

 

 

Total current liabilities

     17,093,404        14,693,027  

Non-current liabilities:

     

Long-term debt

     8,683,150        3,076,494  

Other long-term liabilities

     814,429        650,689  
  

 

 

    

 

 

 

Total non-current liabilities

     9,497,579        3,727,183  
  

 

 

    

 

 

 

Total liabilities

     26,590,983        18,420,210  
  

 

 

    

 

 

 

Total Bilibili Inc.’s shareholders’ equity

     15,237,828        15,462,450  

Noncontrolling interests

     1,759        12,573  
  

 

 

    

 

 

 

Total shareholders’ equity

     15,239,587        15,475,023  
  

 

 

    

 

 

 

Total liabilities and shareholders’ equity

     41,830,570        33,895,233  
  

 

 

    

 

 

 


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     For the Nine Months Ended  
     September
30, 2022
    June
30, 2023
    September
30, 2023
    September
30, 2022
    September
30, 2023
 
     RMB     RMB     RMB     RMB     RMB  

Loss from operations

     (1,848,868     (1,277,683     (1,107,173     (6,030,742     (3,759,517

Add:

          

Share-based compensation expenses

     251,328       300,814       304,037       785,888       865,585  

Amortization expense related to intangible assets acquired through business acquisitions

     48,151       48,151       47,734       144,486       144,036  

Expenses related to organizational optimization

     —         —         —         89,650       —    

Termination expenses of certain game projects

     —         —         —         109,054       —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted loss from operations

     (1,549,389     (928,718     (755,402     (4,901,664     (2,749,896
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

     (1,716,040     (1,548,132     (1,337,246     (6,010,617     (3,515,023

Add:

          

Share-based compensation expenses

     251,328       300,814       304,037       785,888       865,585  

Amortization expense related to intangible assets acquired through business acquisitions

     48,151       48,151       47,734       144,486       144,036  

Income tax related to intangible assets acquired through business acquisitions

     (5,625     (5,625     (5,563     (23,634     (16,813

(Gain)/Loss on fair value change in investments in publicly traded companies

     (342,952     186,687       137,358       (7,023     (43,875

Loss/(Gain) on repurchase of convertible senior notes

     —         54,043       (9,771     (475,790     (292,213

Expenses related to organizational optimization

     —         —         —         89,650       —    

Termination expenses of certain game projects

     —         —         —         109,054       —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted net loss

     (1,765,138     (964,062     (863,451     (5,387,986     (2,858,303
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss/(income) attributable to noncontrolling interests

     2,590       1,425       (14,198     8,258       (10,814
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted net loss attributable to the Bilibili Inc.’s shareholders

     (1,762,548     (962,637     (877,649     (5,379,728     (2,869,117
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 


BILIBILI INC.

Unaudited Reconciliations of GAAP and Non-GAAP Results (Continued)

(All amounts in thousands, except for share and per share data)

 

     For the Three Months Ended     For the Nine Months Ended  
     September
30, 2022
    June
30, 2023
    September
30, 2023
    September
30, 2022
    September
30, 2023
 
     RMB     RMB     RMB     RMB     RMB  

Adjusted net loss per share, basic

     (4.46     (2.33     (2.12     (13.64     (6.95

Adjusted net loss per ADS, basic

     (4.46     (2.33     (2.12     (13.64     (6.95

Adjusted net loss per share, diluted

     (4.46     (2.33     (2.12     (13.64     (6.95

Adjusted net loss per ADS, diluted

     (4.46     (2.33     (2.12     (13.64     (6.95

Weighted average number of ordinary shares, basic

     395,062,497       413,446,005       413,983,020       394,452,475       412,676,893  

Weighted average number of ADS, basic

     395,062,497       413,446,005       413,983,020       394,452,475       412,676,893  

Weighted average number of ordinary shares, diluted

     395,062,497       413,446,005       413,983,020       394,452,475       412,676,893  

Weighted average number of ADS, diluted

     395,062,497       413,446,005       413,983,020       394,452,475       412,676,893  

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