Bilibili (BILI,HK9626) announced its 3Q24 results before market open on November 14. The stock closed down 12.6% at $18.59 per ADS after the earnings. In 3Q24, revenue increased 26% y/y to US$1,005 Million. It achieved the first-ever quarterly non-GAAP profit. Revenue from gaming sector was in line with the consensus. Mobile gaming and advertising are still expected to be the major drivers in upcoming quarters. Traditionally, 4Q with Double 11 Shopping Festival will be the peak season on advertising. Three Kingdom style game San Mou showed resilient popularity and newly launched game “Jujutsu Kaisen Phantom Parade” could be the next catalyst in short term.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。