（原标题：【券商聚焦】国信证券维持哔哩哔哩(09626.HK)“优于大市”评级 指AI与游戏驱动商业化加速）金吾财讯|国信证券发布研报指，哔哩哔哩(09626.HK)已跨越盈利拐点，AI应用与游戏品类扩张正加速商业化价值释放。核心逻辑包括：1）PUGV生态护城河稳固，2025年Q3平台MAU达3.76亿，用户日均使用时长112分钟，26岁平均年龄用户群体具备高消费潜力；2）业务结构优化，广告与游戏...
Source Link（原标题：【券商聚焦】国信证券维持哔哩哔哩(09626.HK)“优于大市”评级 指AI与游戏驱动商业化加速）金吾财讯|国信证券发布研报指，哔哩哔哩(09626.HK)已跨越盈利拐点，AI应用与游戏品类扩张正加速商业化价值释放。核心逻辑包括：1）PUGV生态护城河稳固，2025年Q3平台MAU达3.76亿，用户日均使用时长112分钟，26岁平均年龄用户群体具备高消费潜力；2）业务结构优化，广告与游戏...
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