$BILI (-1,31 %) | Bilibili Q3 '24 Earnings Highlights:
🔹 Adj EPS: ¥0.57 (Est. ¥0.54) 🟢
🔹 Revenue: ¥7.31B (Est. ¥7.14) 🟢; UP +26% YoY
🔸 Announced up to $200M share repurchase program over the next 24 months
Operating Metrics
🔹 Average Daily Active Users (DAUs): 107.3M (Prev. 102.8M YoY)
🔹 Monthly Active Users (MAUs): 348M; Record High
🔹 Average Daily Time Spent: 106 minutes, +6 minutes YoY
🔹 Gross Profit: ¥2.55B; UP +76% YoY, Gross Margin: 34.9% (Prev. 25.0%)
🔹 Net Loss: ¥79.8M, reduced by 94% YoY
🔹 Operating Cash Flow: ¥2.23B (Prev. ¥277.4M YoY)
Revenue by Segment
🔹 Mobile Games Revenue: ¥1.82B; UP +84% YoY
🔹 Advertising Revenue: ¥2.09B; UP +28% YoY
🔹 Value-Added Services (VAS): ¥2.82B; UP +9% YoY
🔹 IP Derivatives and Others: ¥567.3M; DOWN -2% YoY
Key Updates
🔸 Strong growth in high-margin segments (Mobile Games and Advertising) boosting overall revenue and profitability
🔸 Record highs in user engagement, supported by increased average daily time spent and high DAU/MAU levels
CEO Commentary
🔸 "We achieved our first non-GAAP net profit this quarter, marking a significant milestone. Going forward, we will focus on enhancing commercialization and reinforcing our community ecosystem."