大行评级丨德银:哔哩哔哩Q2业绩可能符合预期,维持买入评级

格隆汇
Aug 07, 2025

德意志银行分析师Leo Chiang在一份研究报告中表示,哔哩哔哩(9626.HK)第二季度的业绩表现可能符合预期。Chiang预计这家在线娱乐提供商将在第二季度报告利润率继续增长,这得益于其收入组合向利润率更高的业务转移,以及运营杠杆的改善。其旗舰手机游戏《三国:谋定天下》的周年庆活动取得成功,以及其广告业务和增值服务收入的可观增长,可能会支持其第二季度的业绩。德意志银行维持对该股的买入评级,目标价为228.00港元。

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