What's Going On With Bilibili Stock Today?

Bilibili Inc BILI reported fiscal second-quarter revenue of $843.1 million (6.13 billion Chinese yuan), up by 16% year-on-year, beating the analyst consensus estimate of $837.2 million. 

The Chinese video-sharing platform’s adjusted EPADS loss of $0.09 beat the analyst consensus loss estimate of $0.11.

Drivers: Average daily active users (DAUs) climbed 6% Y/Y to 102.3 million. Revenues from mobile games were $138.6 million, up by 13% Y/Y, mainly due to the launch of the company’s new exclusively licensed games, including San Guo: Mou Ding Tian Xia.

Value-added services (VAS) revenues grew 11% Y/Y to $353.1 million, led by increases in the number of paying users for premium membership, live broadcasting and other value-added services.

Advertising increased by 30% Y/Y to $280.4 million. Revenue from IP derivatives and others decreased 4% Y/Y to $71.1 million.

Bilibili held $1.91 billion in cash and equivalents as of June-end. It generated $240.9 million in operating cash flow for the quarter.

Chair and CEO Rui Chen: “This quarter, our DAUs increased by 6% year over year to over 102 million and MAUs grew to 336 million. Daily average time spent per user also grew to 99 minutes in the second quarter, compared with 94 minutes same period last year.”

“As we further develop our community and integrate commercial offerings, we have increasingly enhanced our monetization efficiency. Our advertising revenues maintained strong momentum in the second quarter, growing 30% year over year. In June, we successfully launched our first strategy game San Guo: Mou Ding Tian Xia, attracting millions of players and showcasing our operational capabilities beyond ACG.”

Price Action: BILI shares traded higher by 6.70% at $13.08 at the last check Thursday.