Bilibili Inc. reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $0.12 by 108.33 percent. This is a 212.5 percent increase over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $1.080 billion which beat the analyst consensus estimate of $1.070 billion by 0.93 percent. This is a 3.75 percent increase over sales of $1.041 billion the same period last year. Bilibili shares rose 6% in overnight trading.
StubHub Holdings reported a Q3 loss late Thursday of $4.27 per diluted share, widening from a loss of $0.15 a year earlier. Analysts polled by FactSet expected a loss of $2.87. Revenue for the three months ended Sept. 30 was $468.1 million, up from $433.8 million a year earlier. Analysts surveyed by FactSet expected $451.8 million. StubHub shares fell 15% in overnight trading.
APPLIED DIGITAL CORP announced the pricing of a $2.35 billion offering of 9.250% senior secured notes due 2030, issued at 97% of face value. APPLIED DIGITAL shares fell 9% in overnight trading.
Opendoor Technologies Inc shares fell 8% in overnight trading after plunging 8% on Thursday, pausing a recent rally as negative sentiment ripples through the property technology sector. The pullback coincides with a disappointing third-quarter earnings report from peer Better Home & Finance, which missed analyst estimates. The two companies are often linked in investor sentiment; hedge fund manager Eric Jackson recently touted both as high-potential growth plays.
SanDisk Corp. fell 6% in overnight trading after sinking 14% on Thursday. The selloff came after Japanese peer Kioxia reported disheartening results for the six months ended Sept. 30. Operating profit sank 55% and revenue decreased 16% from a year ago.