坐拥近4亿月活的B站，在2025年第三季度交出了一份“盈利与隐忧并存”的财报答卷。财报显示，公司营收同比增长5%，净利润达4.69亿元，同比扭亏为盈，毛利率连续13个季度环比提升至36.7%，创下上市以来单季盈利新高。然而，这份看似亮眼的成绩单背后，藏着多重挑战：广告业务易受宏观环境冲击、游戏收入同比下滑17%、用户增长面临瓶颈，更有掌舵人陈睿财富四年缩水160亿至95亿元的戏剧性变化。当“二次元...
Source Link坐拥近4亿月活的B站，在2025年第三季度交出了一份“盈利与隐忧并存”的财报答卷。财报显示，公司营收同比增长5%，净利润达4.69亿元，同比扭亏为盈，毛利率连续13个季度环比提升至36.7%，创下上市以来单季盈利新高。然而，这份看似亮眼的成绩单背后，藏着多重挑战：广告业务易受宏观环境冲击、游戏收入同比下滑17%、用户增长面临瓶颈，更有掌舵人陈睿财富四年缩水160亿至95亿元的戏剧性变化。当“二次元...
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