【国金可选消费|商社】哔哩哔哩公司点评:利润率超预期,广告业务表现亮眼

国金可选消费赵...
Nov 16, 2025

业绩简评2025年11月13日,公司披露2025年第三季度业绩,2025Q3实现营收76.9亿元,同比+5%,Non-GAAP净利润7.86亿元,同比+233%。经营分析毛利率连续13个季度提升,经营费用控制超预期。2025Q3毛利28.2亿元,毛利率连续13个季度环比提升至36.7%;2025Q3销售/管理/研发费用率降至13.7%/6.7%/11.8%,同比-2.8pct/-0.3pct/-...

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