China's Bilibili Q4 profit jumps as revenue increases, costs drop

Reuters

03/05

China's Bilibili Q4 profit jumps as revenue increases, costs drop

Overview

China video platform's Q4 revenue rose 8% yr/yr, driven by advertising growth
Q4 net profit surged 478% yr/yr, adjusted net profit up 94%
Gross profit margin improved to 37% from 36.1% in Q4 2024

Outlook

Bilibili expects AI to reshape content creation in 2026
Company aims to drive sustainable growth in 2026
Bilibili plans to allocate capital to support future growth

Result Drivers

ADVERTISING GROWTH - Advertising revenues increased 27% yr/yr due to improved product offerings and efficiency
COST CONTROL - Sales and marketing expenses decreased 9% yr/yr, aiding profitability
MOBILE GAMES REVENUE DECLINE - Revenues from mobile games decreased 14% yr/yr due to high prior-year comparison

Company press release: ID:nGNX78Lmgq

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue		RMB 8.32 bln
Q4 Net Income		RMB 513.93 mln
Q4 Basic EPS		RMB 1.23
Q4 Gross Profit		RMB 3.08 bln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "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$242.00, about 14.9% above its March 5 closing price of HK$210.60
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(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.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2097828474.EUR","symbol_name":"AZ EQUITY CHINA \"A\" (EUR) ACC A","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260305:nL1N3ZT0GU:1","article_id":"2617548433","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2617548433","pubTimestamp":1772705347,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"China's Bilibili Q4 profit jumps as revenue increases, costs dropOverviewChina video platform's Q4 revenue rose 8% yr/yr, driven by advertising growthQ4 net profit surged 478% yr/yr, adjusted net prof","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","BK1588":"回港中概股","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","BK4509":"腾讯概念","BK4510":"在线教育","BK4554":"元宇宙及AR概念","BK1095":"互动媒体与服务","BK1615":"港股-互联网","BK1104":"互动家庭娱乐","BK1575":"同股不同权","BK1608":"元宇宙概念","BK4077":"互动媒体与服务","BK4531":"中概回港概念","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","BK4526":"热门中概股","09626":"哔哩哔哩-W","BK1587":"次新股","BK4585":"ETF&股票定投概念","BK4563":"昨日强势股","BK4503":"景林资产持仓","SG9999001051.SGD":"United Asia Fund SGD","SG9999006597.SGD":"United China-India Dynamic Growth SGD","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","BK4513":"直播概念","BK4566":"资本集团","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","BK4505":"高瓴资本持仓","BK4577":"网络游戏","BK4085":"互动家庭娱乐","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","BK4504":"桥水持仓","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","BK4588":"碎股","BK1618":"Manus概念股","BK4548":"巴美列捷福持仓","BILI":"哔哩哔哩"},"translate_title":"随着收入增加和成本下降，中国哔哩哔哩第四季度利润大幅增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BILI":1.95,"09626":1.95},"content_text":"China's Bilibili Q4 profit jumps as revenue increases, costs dropOverviewChina video platform's Q4 revenue rose 8% yr/yr, driven by advertising growthQ4 net profit surged 478% yr/yr, adjusted net profit up 94%Gross profit margin improved to 37% from 36.1% in Q4 2024OutlookBilibili expects AI to reshape content creation in 2026Company aims to drive sustainable growth in 2026Bilibili plans to allocate capital to support future growthResult DriversADVERTISING GROWTH - Advertising revenues increased 27% yr/yr due to improved product offerings and efficiencyCOST CONTROL - Sales and marketing expenses decreased 9% yr/yr, aiding profitabilityMOBILE GAMES REVENUE DECLINE - Revenues from mobile games decreased 14% yr/yr due to high prior-year comparisonCompany press release: ID:nGNX78LmgqKey DetailsMetricBeat/MissActualConsensus EstimateQ4 RevenueRMB 8.32 blnQ4 Net IncomeRMB 513.93 mlnQ4 Basic EPSRMB 1.23Q4 Gross ProfitRMB 3.08 blnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 20 \"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$242.00, about 14.9% above its March 5 closing price of HK$210.60The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 25 three months agoFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}