哔哩哔哩:业绩超预期 用户流量增长显著 盈利潜力持续释放

东吴证券
22 May

事件:2025Q1 公司业绩超预期,实现收入70.03 亿元,yoy+24%,qoq-9%,高于彭博一致预期的69.12 亿元,经调整归母净利润3.63 亿元,高于彭博一致预期的2.47 亿元。用户流量创新高,利润率稳步提升。用户流量端,2025Q1 公司DAU 达1.07 亿,MAU 达3.68 亿,日均使用时长108 分钟,MAU 和用户日均使用时长均创历史新高,月均付费用户数亦达到3200 ...

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