Overview

• Bilibili Q3 revenue grows 5% yr/yr to RMB7.69 bln

• Net profit for Q3 reaches RMB469.4 mln, reversing a loss from last year

• Adjusted net profit surges 233% yr/yr to RMB786.3 mln

Outlook

• Company did not provide specific guidance for future quarters or full year

Result Drivers

• ADVERTISING REVENUE - Advertising revenues increased by 23% yr/yr, driven by improved product offerings and efficiency

• GROSS PROFIT INCREASE - Gross profit rose by 11% yr/yr due to revenue growth and stable platform operation costs

• MOBILE GAMES DECLINE - Mobile games revenue fell 17% yr/yr due to high prior-year comparison baseline

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy"

• Wall Street's median 12-month price target for Bilibili Inc is HK$234.00, about 9.1% above its November 13 closing price of HK$212.80

• The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nGNX1p9wyt

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)