BILIBILI INC. Beats Non-GAAP EPS Estimate by $0.04, Revenue Remains In-Line
June 2, 2023
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Revenue for the quarter came in at $738.2M, which was in line with expectations. Its services include live streaming, gaming and e-commerce. The company has become one of the most popular platforms in China, offering video content of anime, comics, TV shows and movies to its users. Bilibili ($NASDAQ:BILI) has also expanded into gaming, education, and other areas.
In addition, its advertising services has become one of the major sources of revenue and profit for the company.
Earnings
BILIBILI INC recently reported their earnings for FY2022 Q4 as of December 31 2022, and the results have exceeded non-GAAP earnings per share estimates by $0.04. Total revenue remained in-line with last year’s number, at 6142.49M CNY. Despite this impressive growth in revenue, the company has still recorded a net loss of 1494.65M CNY. While it is clear that BILIBILI INC has had some success in increasing its revenue in the past few years, it appears that the company has yet to break even and make a profit.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bilibili Inc. More…
| Total Revenues | Net Income | Net Margin |
| 21.9k | -7.5k | -36.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bilibili Inc. More…
| Operations | Investing | Financing |
| -3.83k | -24.58k | 30.39k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bilibili Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 41.83k | 26.59k | 42 |
Key Ratios Snapshot
Some of the financial key ratios for Bilibili Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 47.8% | – | -32.7% |
| FCF Margin | ROE | ROA |
| -32.5% | -28.1% | -10.7% |
Price History
BILIBILI INC. has recently released their quarterly earnings report, surpassing analyst estimates. On Thursday morning, BILIBILI INC stock opened at $15.1 and closed at $15.9, up by 1.3% from the previous closing price of 15.7. The report also showed that year-over-year revenue growth increased by 3%. These positive results have helped to bolster investor confidence in the company’s future prospects. Live Quote…
Analysis
At GoodWhale, we have taken an in-depth look at the financials of BILIBILI INC. Upon analysis, our star chart has highlighted that the company is strong in growth, medium in asset, and weak in profitability and dividend. We have classified BILIBILI INC as a ‘cheetah’, meaning that it is a company that has achieved high revenue or earnings growth but is considered to be less stable due to lower profitability. Given its attributes, this company might be of particular interest to investors who prioritize growth over stability in their investments. However, since BILIBILI INC has an intermediate health score of 5/10 considering its cashflows and debt, it might be able to pay off debt and fund future operations. Thus, investors who keep a focus on both growth and health might also consider BILIBILI INC in their portfolio. More…
Summary
Non-GAAP earnings per share (EPS) was $-0.37, which was $0.04 higher than the market expected. Revenue for the quarter was reported to be $738.2 million, which was in line with analysts’ expectations. Looking forward, BILIBILI INC is well positioned to benefit from strong user growth and increasing monetization rates in the Chinese online entertainment market.
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