上周四,B站2025年第四季度及全年财报发布,营收303.48亿元,净利润11.9亿元,首次实现全年GAAP盈利。从财务结果看,B站已经跨过了“能不能赚钱”的门槛。但是,这份盈利能不能持续?对内容平台来说,决定持续盈利能力的,从来不只是前台收入,还有后台那笔更重、更慢、更难压缩的账——内容权利成本、侵权风险成本、审核与合规成本,以及围绕这些成本形成的知识产权治理能力。因为平台上的内容,只有在可授权...
Source Link上周四,B站2025年第四季度及全年财报发布,营收303.48亿元,净利润11.9亿元,首次实现全年GAAP盈利。从财务结果看,B站已经跨过了“能不能赚钱”的门槛。但是,这份盈利能不能持续?对内容平台来说,决定持续盈利能力的,从来不只是前台收入,还有后台那笔更重、更慢、更难压缩的账——内容权利成本、侵权风险成本、审核与合规成本,以及围绕这些成本形成的知识产权治理能力。因为平台上的内容,只有在可授权...
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