From Nasdaq: 2024-11-15 09:46:00

Bilibili reported third-quarter 2024 non-GAAP earnings of 8 cents per share, missing the Zacks Consensus Estimate by 20%. Revenues increased to $1.02 billion, surpassing estimates by 0.76%. BILI shares were up 1.83% in pre-market trading, outperforming the Computer & Technology sector year to date with a 52.8% return. Revenues from mobile games increased 83.8% year over year to RMB 1.82 billion.

Value Added Services revenues increased 8.7% year over year to RMB 2.82 billion. Advertising revenues increased 27.8% year over year to RMB 2.09 billion. Revenues from IP Derivatives and others were RMB 567.31 million, down 2.2% year over year. Bilibili’s gross profit margin was 34.9%, an improvement from the year-ago quarter.

Operating expenses increased 2.2% from the year-ago quarter to RMB 2.61 billion. Cash and cash equivalents totaled RMB 11.7 billion as of Sept. 30, 2024. Total debt decreased to RMB 5.02 billion. Cash flow from operating activities was RMB 2.23 billion for the reported quarter. Bilibili currently carries a Zacks Rank #2 (Buy).

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Read more at Nasdaq: BILI Q3 Earnings Miss Estimates, Revenues Increase Y/Y, Shares Up