Bilibili's Online Games Business Appears Uncertain -- Market Talk

Dow Jones

Yesterday

0240 GMT - The outlook for Bilibili's online games business seems uncertain to Nomura's Jialong Shi and Rachel Guo, who maintain their neutral rating on the company's ADRs. The Chinese technology company's online games revenue is likely to fall 15% on year in 4Q, better than the 17% decline in 3Q given its new game's robust sales, they say. However, its sales from its legacy games could fall further, which remains a concern to the analysts. They expect the online games segment to post a full-year decline compared with growth a year ago. They prefer Tencent and Tencent Music Entertainment in the online entertainment space due to their more solid fundamentals. Nomura raises its target on Bilibili's ADRs to $25 from $24. ADRs closed at $26.18. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 16, 2025 21:40 ET (02:40 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2584618137"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2584618137\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2584618137?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-17 10:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2584618137","market":"nz","top_or_hot":-1,"title":"Bilibili's Online Games Business Appears Uncertain -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0240 GMT - The outlook for Bilibili's online games business seems uncertain to Nomura's Jialong Shi and Rachel Guo, who maintain their neutral rating on the company's ADRs. The Chinese technology company's online games revenue is likely to fall 15% on year in 4Q, better than the 17% decline in 3Q given its new game's robust sales, they say. However, its sales from its legacy games could fall further, which remains a concern to the analysts. They expect the online games segment to post a full-year decline compared with growth a year ago. They prefer Tencent and <a href=\"https://laohu8.com/S/TCMEF\">Tencent Music Entertainment</a> in the online entertainment space due to their more solid fundamentals. Nomura raises its target on Bilibili's ADRs to $25 from $24. ADRs closed at $26.18. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 16, 2025 21:40 ET (02:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bilibili's Online Games Business Appears Uncertain -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBilibili's Online Games Business Appears Uncertain -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-17 10:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0240 GMT - The outlook for Bilibili's online games business seems uncertain to Nomura's Jialong Shi and Rachel Guo, who maintain their neutral rating on the company's ADRs. The Chinese technology company's online games revenue is likely to fall 15% on year in 4Q, better than the 17% decline in 3Q given its new game's robust sales, they say. However, its sales from its legacy games could fall further, which remains a concern to the analysts. They expect the online games segment to post a full-year decline compared with growth a year ago. They prefer Tencent and <a href=\"https://laohu8.com/S/TCMEF\">Tencent Music Entertainment</a> in the online entertainment space due to their more solid fundamentals. Nomura raises its target on Bilibili's ADRs to $25 from $24. ADRs closed at $26.18. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 16, 2025 21:40 ET (02:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2584618137","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584618137","pubTimestamp":1763347200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0240 GMT - The outlook for Bilibili's online games business seems uncertain to Nomura's Jialong Shi and Rachel Guo, who maintain their neutral rating on the company's ADRs. The Chinese technology company's online games revenue is likely to fall 15% on year in 4Q, better than the 17% decline in 3Q given its new game's robust sales, they say. However, its sales from its legacy games could fall further, which remains a concern to the analysts. They expect the online games segment to post a full-year decline compared with growth a year ago. They prefer Tencent and Tencent Music Entertainment in the online entertainment space due to their more solid fundamentals. Nomura raises its target on Bilibili's ADRs to $25 from $24. ADRs closed at $26.18. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4548":"巴美列捷福持仓","BK4509":"腾讯概念","BK4510":"在线教育","BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4077":"互动媒体与服务","BK4526":"热门中概股","BILI":"哔哩哔哩","BK4585":"ETF&股票定投概念","BK4563":"昨日强势股","BK4503":"景林资产持仓","BK4513":"直播概念","BK4566":"资本集团","BK4505":"高瓴资本持仓","BK4577":"网络游戏","BK4504":"桥水持仓","BK4085":"互动家庭娱乐"},"translate_title":"B站网游业务出现不确定性——市场谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BILI":1.5,"TCHmain":0.71},"content_text":"0240 GMT - The outlook for Bilibili's online games business seems uncertain to Nomura's Jialong Shi and Rachel Guo, who maintain their neutral rating on the company's ADRs. The Chinese technology company's online games revenue is likely to fall 15% on year in 4Q, better than the 17% decline in 3Q given its new game's robust sales, they say. However, its sales from its legacy games could fall further, which remains a concern to the analysts. They expect the online games segment to post a full-year decline compared with growth a year ago. They prefer Tencent and Tencent Music Entertainment in the online entertainment space due to their more solid fundamentals. Nomura raises its target on Bilibili's ADRs to $25 from $24. ADRs closed at $26.18. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 16, 2025 21:40 ET (02:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}