哔哩哔哩2Q25业绩前瞻:AI强化广告基建能力 关注储备游戏释放进展

光大证券
22 Jul

2Q25 业绩前瞻:1)我们预计公司2Q25 营收为73.3 亿元人民币(yoy+19.7%),分业务来看, 预计游戏\VAS\广告\ 电商四大业务收入分别为16.1 亿元(yoy+60%)、28.2 亿元(yoy+10%)、24.2 亿元(yoy+19%)、4.8 亿元(yoy-8%)。2)我们预计2Q25 实现毛利润26.8 亿元,对应毛利率36.5%;预计实现经调整净利润5.5 亿元,对应经...

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