BILIBILI-W (09626) announced its unaudited financial results for the second quarter of 2025. During the period, the company achieved total net revenues of RMB 7.338 billion, representing a 19.76% year-over-year increase. Gross profit reached RMB 2.676 billion, up 45.97% year-over-year. Net profit attributable to shareholders was RMB 219 million, compared to a net loss attributable to shareholders of RMB 609 million in the same period last year, marking a turnaround to profitability. Basic earnings per share were RMB 0.52.

"We continued our healthy growth momentum in the second quarter, delivering solid financial performance while maintaining strong community engagement," said Mr. Rui Chen, Chairman and Chief Executive Officer of Bilibili. "In the second quarter, our daily active users grew 7% year-over-year, monthly active users increased 8% year-over-year, and monthly paying users rose 9% year-over-year. Users' daily usage time reached 105 minutes, an increase of 6 minutes compared to the same period last year, demonstrating our growing influence among China's young demographic. This summer, our flagship offline events Bilibili World and Bilibili Marco Link attracted over 400,000 participants, making this three-day event one of China's largest offline anime conventions. The enthusiastic participation highlights the vitality of our brand and the cohesion of our community, while showcasing the tremendous potential of our young user base. Looking ahead, we will continue to focus on providing high-quality content experiences that resonate with our young user community, driving user growth and deepening engagement, while further unlocking the full commercial potential of our vibrant community."

Mr. Sam Fan, Chief Financial Officer of Bilibili, commented: "In the second quarter, our total net revenues grew 20% year-over-year to RMB 7.34 billion. This growth was primarily driven by our advertising and gaming businesses, which increased 20% and 60% year-over-year, respectively. Gross profit grew 46% year-over-year, while gross margin improved from 29.9% in the same period last year to 36.5%. These improvements drove our profitability enhancement, with net profit and adjusted net profit reaching RMB 218 million and RMB 561 million, respectively. We also generated solid net operating cash flow of RMB 1.99 billion this quarter. In the second quarter, we completed the repurchase of 5.5881 million Z-class ordinary shares for a total amount of HK$783 million. Looking forward, we will focus on maintaining efficient, sustainable, and profitable operations to create value for all stakeholders."

Under the US$200 million share repurchase program approved by the board of directors in November 2024, the company has repurchased a total of 6.4 million listed securities at a total cost of US$116 million, with approximately US$83.6 million remaining as of June 30, 2025.