$BILI (-3,06%) | 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."