Bilibili Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results
Rhea-AI Summary
Bilibili (NASDAQ: BILI) reported strong Q4 and FY2024 results, achieving its first quarter of GAAP profitability. Q4 total revenues increased 22% YoY to RMB7.73 billion, driven by advertising (+24%) and mobile games (+79%). The company posted a Q4 net profit of RMB88.9 million, compared to a net loss of RMB1.30 billion in Q4 2023.
For FY2024, total revenues grew 19% to RMB26.83 billion, with advertising and mobile games revenues up 28% and 40% respectively. The company significantly narrowed its FY2024 net loss by 72% to RMB1.36 billion. Gross profit margin improved to 36.1% in Q4 and 32.7% for FY2024. Daily active users reached 103 million in Q4.
Operating cash flow strengthened to RMB6.01 billion for 2024. The company enhanced shareholder returns through repurchases of ADSs and convertible notes totaling US$864.8 million during the year.
Positive
- First-ever quarterly GAAP profit of RMB88.9 million in Q4 2024
- Q4 revenue growth of 22% YoY to RMB7.73 billion
- Mobile games revenue surge of 79% YoY in Q4
- Gross profit margin improvement to 36.1% in Q4 from 26.1% year ago
- Operating cash flow increased to RMB6.01 billion in 2024 from RMB266.6 million in 2023
- 72% reduction in annual net loss to RMB1.36 billion
Negative
- IP derivatives revenue declined 16% YoY in Q4
- Still recorded full-year net loss of RMB1.36 billion in 2024
- Total other expenses of RMB56.2 million in 2024 versus income of RMB331.2 million in 2023
News Market Reaction – BILI
In the trading session that priced this news, BILI gained 8.76%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SHANGHAI, China, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024.
Fourth Quarter and Fiscal Year 2024 Highlights:
- Total net revenues were RMB7.73 billion (US
$1,059.6 million ) in the fourth quarter and RMB26.83 billion (US$3,675.9 million ) in 2024, representing increases of22% and19% year over year, respectively.- Advertising revenues were RMB2.39 billion (US
$327.2 million ) in the fourth quarter and RMB8.19 billion (US$1,121.9 million ) in 2024, representing increases of24% and28% year over year, respectively. - Mobile games revenues were RMB1.80 billion (US
$246.3 million ) in the fourth quarter and RMB5.61 billion (US$768.6 million ) in 2024, representing increases of79% and40% year over year, respectively.
- Advertising revenues were RMB2.39 billion (US
- Gross profit was RMB2.79 billion (US
$382.0 million ) in the fourth quarter and RMB8.77 billion (US$1,202.0 million ) in 2024, representing increases of68% and61% year over year, respectively. Gross profit margin reached36.1% in the fourth quarter and32.7% in 2024, improving from26.1% in the fourth quarter of 2023 and24.2% in the year of 2023, respectively. - Net profit was RMB88.9 million (US
$12.2 million ) for the fourth quarter, compared with net loss of RMB1.30 billion in the same period last year. For 2024, net loss was RMB1.36 billion (US$186.8 million ), narrowing by72% year over year. - Adjusted net profit1 was RMB452.0 million (US
$61.9 million ) for the fourth quarter, compared with an adjusted net loss of RMB555.8 million in the same period last year. For 2024, adjusted net loss was RMB39.0 million (US$5.3 million ), narrowing by99% year over year. - Operating cash flow was RMB1.40 billion (US
$191.9 million ) for the fourth quarter and RMB6.01 billion (US$824.0 million ) for 2024, compared with RMB640.4 million in the fourth quarter of 2023 and RMB266.6 million in the year of 2023, respectively. - Average daily active users (DAUs) were 103.0 million in the fourth quarter, compared with 100.1 million in the same period last year.
“We closed 2024 on a strong note, achieving our first quarter of GAAP profitability—a milestone reflecting the value of our community and our relentless effort to enhance our commercialization efficiency,” said Mr. Rui Chen, chairman and chief executive officer of Bilibili. “In the fourth quarter, our DAUs and MAUs reached 103 million and 340 million, respectively, with users spending an average of 99 minutes daily on our platform. Throughout the year, we advanced our commercialization strategy and improved our products to meet users’ evolving content and consumption needs. For 2024, our total net revenues grew
Mr. Sam Fan, chief financial officer of Bilibili, said, “Strong growth in our high-margin advertising and mobile games businesses drove total net revenues up by
Fourth Quarter 2024 Financial Results
Total net revenues. Total net revenues were RMB7.73 billion (US
Advertising. Revenues from advertising were RMB2.39 billion (US
Mobile games. Revenues from mobile games were RMB1.80 billion (US
Value-added services (VAS). Revenues from VAS were RMB3.08 billion (US
IP derivatives and others. Revenues from IP derivatives and others were RMB464.9 million (US
Cost of revenues. Cost of revenues was RMB4.95 billion (US
Gross profit. Gross profit was RMB2.79 billion (US
Total operating expenses. Total operating expenses were RMB2.66 billion (US
Sales and marketing expenses. Sales and marketing expenses were RMB1.24 billion (US
General and administrative expenses. General and administrative expenses were RMB505.9 million (US
Research and development expenses. Research and development expenses were RMB919.3 million (US
Profit/(loss) from operations. Profit from operations was RMB126.4 million (US
Adjusted profit/(loss) from operations1. Adjusted profit from operations was RMB463.1 million (US
Total other (expenses)/income, net. Total other expenses were RMB61.0 million (US
Income tax benefit/(expense). Income tax benefit was RMB23.5 million (US
Net profit/(loss). Net profit was RMB88.9 million (US
Adjusted net profit/(loss)1. Adjusted net profit was RMB452.0 million (US
Basic and diluted EPS and adjusted basic and diluted EPS1. Basic and diluted net profit per share were RMB0.22 (US
Net cash provided by operating activities. Net cash provided by operating activities was RMB1.40 billion (US
Fiscal Year 2024 Financial Results
Total net revenues. Total net revenues were RMB26.83 billion (US
Advertising. Revenues from advertising were RMB8.19 billion (US
Mobile games. Revenues from mobile games were RMB5.61 billion (US
Value-added services (VAS). Revenues from VAS were RMB11.00 billion (US
IP derivatives and others. Revenues from IP derivatives and others were RMB2.03 billion (US
Cost of revenues. Cost of revenues was RMB18.06 billion (US
Gross profit. Gross profit was RMB8.77 billion (US
Total operating expenses. Total operating expenses were RMB10.12 billion (US
Sales and marketing expenses. Sales and marketing expenses were RMB4.40 billion (US
General and administrative expenses. General and administrative expenses were RMB2.03 billion (US
Research and development expenses. Research and development expenses were RMB3.69 billion (US
Loss from operations. Loss from operations was RMB1.34 billion (US
Adjusted loss from operations1. Adjusted loss from operations was RMB60.8 million (US
Total other (expenses)/income, net. Total other expenses were RMB56.2 million (US
Income tax benefit/(expense). Income tax benefit was RMB36.5 million (US
Net loss. Net loss was RMB1.36 billion (US
Adjusted net loss1. Adjusted net loss was RMB39.0 million (US
Basic and diluted EPS and adjusted basic and diluted EPS1. Basic and diluted net loss per share were RMB3.23 (US
Net cash provided by operating activities. Net cash provided by operating activities was RMB6.01 billion (US
Cash and cash equivalents, time deposits and short-term investments. As of December 31, 2024, the Company had cash and cash equivalents, time deposits and short-term investments of RMB16.54 billion (US
Share Repurchase Program
On November 14, 2024, the Company announced that its board of directors had approved a share repurchase program of up to US
Repurchase of Convertible Senior Notes
In November 2024, the Company completed the repurchase right offer for its
1 Adjusted profit/(loss) from operations, adjusted net profit/(loss), and adjusted basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”
Conference Call
The Company’s management will host an earnings conference call at 7:00 AM U.S. Eastern Time on February 20, 2025 (8:00 PM Beijing/Hong Kong Time on February 20, 2025). Details for the conference call are as follows:
| Event Title: | Bilibili Inc. Fourth Quarter and Fiscal Year 2024 Earnings Conference Call |
| Registration Link: | https://register.vevent.com/register/BI046d59fdf9624b6cb006d78f34c43ca0 |
All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers and a personal PIN, which will be used to join the conference call.
Additionally, a live webcast of the conference call will be available on the Company’s investor relations website at http://ir.bilibili.com, and a replay of the webcast will be available following the session.
About Bilibili Inc.
Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.
For more information, please visit: http://ir.bilibili.com.
Use of Non-GAAP Financial Measures
The Company uses non-GAAP measures, such as adjusted profit/(loss) from operations, adjusted net profit/(loss), adjusted net profit/(loss) per share and per ADS, basic and diluted and adjusted net profit/(loss) attributable to the Bilibili Inc.’s shareholders in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions, income tax related to intangible assets acquired through business acquisitions, gain/loss on fair value change in investments in publicly traded companies, gain/loss on repurchase of convertible senior notes, and termination expenses of certain game projects. The Company believes that the non-GAAP financial measures provide useful information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP and therefore may not be comparable to similar measures presented by other companies. The non-GAAP financial measures have limitations as analytical tools, and when assessing the Company’s operating performance, cash flows or liquidity, investors should not consider them in isolation, or as a substitute for net loss, cash flows provided by operating activities or other consolidated statements of operations and cash flows data prepared in accordance with U.S. GAAP.
The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.
For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2993 to US
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Among other things, outlook and quotations from management in this announcement, as well as Bilibili’s strategic and operational plans, contain forward-looking statements. Bilibili may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: results of operations, financial condition, and stock price; Bilibili’s strategies; Bilibili’s future business development, financial condition and results of operations; Bilibili’s ability to retain and increase the number of users, members and advertising customers, provide quality content, products and services, and expand its product and service offerings; competition in the online entertainment industry; Bilibili’s ability to maintain its culture and brand image within its addressable user communities; Bilibili’s ability to manage its costs and expenses; PRC governmental policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Bilibili Inc.
Juliet Yang
Tel: +86-21-2509-9255 Ext. 8523
E-mail: ir@bilibili.com
Piacente Financial Communications
Helen Wu
Tel: +86-10-6508-0677
E-mail: bilibili@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: bilibili@tpg-ir.com
| BILIBILI INC. Unaudited Condensed Consolidated Statements of Operations (All amounts in thousands, except for share and per share data) | |||||||||||||||||||
| For the Three Months Ended | For the Year Ended | ||||||||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | |||||||||||||||
| 2023 | 2024 | 2024 | 2023 | 2024 | |||||||||||||||
| RMB | RMB | RMB | RMB | RMB | |||||||||||||||
| Net revenues: | |||||||||||||||||||
| Value-added services (VAS) | 2,857,079 | 2,821,269 | 3,083,071 | 9,910,080 | 10,999,137 | ||||||||||||||
| Advertising | 1,929,164 | 2,094,427 | 2,388,673 | 6,412,040 | 8,189,175 | ||||||||||||||
| Mobile games | 1,006,858 | 1,822,609 | 1,797,537 | 4,021,137 | 5,610,323 | ||||||||||||||
| IP derivatives and others | 555,995 | 567,315 | 464,880 | 2,184,730 | 2,032,890 | ||||||||||||||
| Total net revenues | 6,349,096 | 7,305,620 | 7,734,161 | 22,527,987 | 26,831,525 | ||||||||||||||
| Cost of revenues | (4,689,114 | ) | (4,758,434 | ) | (4,945,945 | ) | (17,086,122 | ) | (18,057,562 | ) | |||||||||
| Gross profit | 1,659,982 | 2,547,186 | 2,788,216 | 5,441,865 | 8,773,963 | ||||||||||||||
| Operating expenses: | |||||||||||||||||||
| Sales and marketing expenses | (1,125,464 | ) | (1,202,407 | ) | (1,236,593 | ) | (3,916,150 | ) | (4,401,655 | ) | |||||||||
| General and administrative expenses | (511,906 | ) | (505,386 | ) | (505,861 | ) | (2,122,432 | ) | (2,031,063 | ) | |||||||||
| Research and development expenses | (1,327,282 | ) | (906,072 | ) | (919,321 | ) | (4,467,470 | ) | (3,685,214 | ) | |||||||||
| Total operating expenses | (2,964,652 | ) | (2,613,865 | ) | (2,661,775 | ) | (10,506,052 | ) | (10,117,932 | ) | |||||||||
| (Loss)/profit from operations | (1,304,670 | ) | (66,679 | ) | 126,441 | (5,064,187 | ) | (1,343,969 | ) | ||||||||||
| Other income/(expenses): | |||||||||||||||||||
| Investment loss, net (including impairments) | (199,004 | ) | (70,957 | ) | (283,191 | ) | (435,644 | ) | (470,081 | ) | |||||||||
| Interest income | 126,450 | 91,279 | 110,150 | 542,472 | 434,980 | ||||||||||||||
| Interest expense | (29,181 | ) | (17,824 | ) | (19,986 | ) | (164,927 | ) | (89,193 | ) | |||||||||
| Exchange gains/(losses) | 4,848 | (5,909 | ) | 10,529 | (35,575 | ) | (68,715 | ) | |||||||||||
| Debt extinguishment (loss)/gain | - | - | (17,649 | ) | 292,213 | (38,629 | ) | ||||||||||||
| Others, net | 110,007 | (18,134 | ) | 139,107 | 132,640 | 175,412 | |||||||||||||
| Total other income/(expenses), net | 13,120 | (21,545 | ) | (61,040 | ) | 331,179 | (56,226 | ) | |||||||||||
| (Loss)/profit before income tax | (1,291,550 | ) | (88,224 | ) | 65,401 | (4,733,008 | ) | (1,400,195 | ) | ||||||||||
| Income tax (expense)/benefit | (5,140 | ) | 8,419 | 23,533 | (78,705 | ) | 36,544 | ||||||||||||
| Net (loss)/profit | (1,296,690 | ) | (79,805 | ) | 88,934 | (4,811,713 | ) | (1,363,651 | ) | ||||||||||
| Net loss/(profit) attributable to noncontrolling interests | 206 | 290 | 1,026 | (10,608 | ) | 16,851 | |||||||||||||
| Net (loss)/profit attributable to the Bilibili Inc.’s shareholders | (1,296,484 | ) | (79,515 | ) | 89,960 | (4,822,321 | ) | (1,346,800 | ) | ||||||||||
| Net (loss)/profit per share, basic | (3.13 | ) | (0.19 | ) | 0.22 | (11.67 | ) | (3.23 | ) | ||||||||||
| Net (loss)/profit per ADS, basic | (3.13 | ) | (0.19 | ) | 0.22 | (11.67 | ) | (3.23 | ) | ||||||||||
| Net (loss)/profit per share, diluted | (3.13 | ) | (0.19 | ) | 0.21 | (11.67 | ) | (3.23 | ) | ||||||||||
| Net (loss)/profit per ADS, diluted | (3.13 | ) | (0.19 | ) | 0.21 | (11.67 | ) | (3.23 | ) | ||||||||||
| Weighted average number of ordinary shares, basic | 414,793,013 | 417,849,446 | 417,829,038 | 413,210,271 | 416,470,256 | ||||||||||||||
| Weighted average number of ADS, basic | 414,793,013 | 417,849,446 | 417,829,038 | 413,210,271 | 416,470,256 | ||||||||||||||
| Weighted average number of ordinary shares, diluted | 414,793,013 | 417,849,446 | 424,208,294 | 413,210,271 | 416,470,256 | ||||||||||||||
| Weighted average number of ADS, diluted | 414,793,013 | 417,849,446 | 424,208,294 | 413,210,271 | 416,470,256 | ||||||||||||||
The accompanying notes are an integral part of this press release.
| BILIBILI INC. Notes to Unaudited Condensed Financial Information (All amounts in thousands, except for share and per share data) | |||||||||||||||||
| For the Three Months Ended | For the Year Ended | ||||||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | |||||||||||||
| 2023 | 2024 | 2024 | 2023 | 2024 | |||||||||||||
| RMB | RMB | RMB | RMB | RMB | |||||||||||||
| Share-based compensation expenses included in: | |||||||||||||||||
| Cost of revenues | 15,014 | 26,781 | 25,350 | 63,724 | 84,178 | ||||||||||||
| Sales and marketing expenses | 13,960 | 16,015 | 18,524 | 56,649 | 60,460 | ||||||||||||
| General and administrative expenses | 150,226 | 133,825 | 137,513 | 596,950 | 568,194 | ||||||||||||
| Research and development expenses | 87,859 | 120,490 | 113,649 | 415,321 | 403,380 | ||||||||||||
| Total | 267,059 | 297,111 | 295,036 | 1,132,644 | 1,116,212 | ||||||||||||
| BILIBILI INC. Unaudited Condensed Consolidated Balance Sheets (All amounts in thousands, except for share and per share data) | ||||||
| December 31, | December 31, | |||||
| 2023 | 2024 | |||||
| RMB | RMB | |||||
| Assets | ||||||
| Current assets: | ||||||
| Cash and cash equivalents | 7,191,821 | 10,249,382 | ||||
| Time deposits | 5,194,891 | 3,588,475 | ||||
| Restricted cash | 50,000 | 50,000 | ||||
| Accounts receivable, net | 1,573,900 | 1,226,875 | ||||
| Prepayments and other current assets | 2,063,362 | 1,934,788 | ||||
| Short-term investments | 2,653,065 | 2,706,535 | ||||
| Total current assets | 18,727,039 | 19,756,055 | ||||
| Non-current assets: | ||||||
| Property and equipment, net | 714,734 | 589,227 | ||||
| Production cost, net | 2,066,066 | 1,851,207 | ||||
| Intangible assets, net | 3,627,533 | 3,201,012 | ||||
| Goodwill | 2,725,130 | 2,725,130 | ||||
| Long-term investments, net | 4,366,632 | 3,911,592 | ||||
| Other long-term assets | 931,933 | 664,277 | ||||
| Total non-current assets | 14,432,028 | 12,942,445 | ||||
| Total assets | 33,159,067 | 32,698,500 | ||||
| Liabilities | ||||||
| Current liabilities: | ||||||
| Accounts payable | 4,333,730 | 4,801,416 | ||||
| Salary and welfare payables | 1,219,355 | 1,599,482 | ||||
| Taxes payable | 345,250 | 428,932 | ||||
| Short-term loan and current portion of long-term debt | 7,455,753 | 1,571,836 | ||||
| Deferred revenue | 2,954,088 | 3,802,307 | ||||
| Accrued liabilities and other payables | 1,795,519 | 2,558,830 | ||||
| Total current liabilities | 18,103,695 | 14,762,803 | ||||
| Non-current liabilities: | ||||||
| Long-term debt | 646 | 3,264,153 | ||||
| Other long-term liabilities | 650,459 | 567,631 | ||||
| Total non-current liabilities | 651,105 | 3,831,784 | ||||
| Total liabilities | 18,754,800 | 18,594,587 | ||||
| Total Bilibili Inc.’s shareholders’ equity | 14,391,900 | 14,108,397 | ||||
| Noncontrolling interests | 12,367 | (4,484 | ) | |||
| Total shareholders’ equity | 14,404,267 | 14,103,913 | ||||
| Total liabilities and shareholders’ equity | 33,159,067 | 32,698,500 | ||||
| BILIBILI INC. Unaudited Selected Condensed Consolidated Cash Flows Data (All amounts in thousands, except for share and per share data) | ||||||||||
| For the Three Months Ended | For the Year Ended | |||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | ||||||
| 2023 | 2024 | 2024 | 2023 | 2024 | ||||||
| RMB | RMB | RMB | RMB | RMB | ||||||
| Net cash provided by operating activities | 640,396 | 2,225,629 | 1,400,988 | 266,622 | 6,014,854 | |||||
| BILIBILI INC. Unaudited Reconciliations of GAAP and Non-GAAP Results (All amounts in thousands, except for share and per share data) | ||||||||||||||||||||
| For the Three Months Ended | For the Year Ended | |||||||||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | ||||||||||||||||
| 2023 | 2024 | 2024 | 2023 | 2024 | ||||||||||||||||
| RMB | RMB | RMB | RMB | RMB | ||||||||||||||||
| (Loss)/Profit from operations | (1,304,670 | ) | (66,679 | ) | 126,441 | (5,064,187 | ) | (1,343,969 | ) | |||||||||||
| Add: | ||||||||||||||||||||
| Share-based compensation expenses | 267,059 | 297,111 | 295,036 | 1,132,644 | 1,116,212 | |||||||||||||||
| Amortization expense related to intangible assets acquired through business acquisitions | 47,734 | 41,776 | 41,581 | 191,770 | 166,909 | |||||||||||||||
| Termination expenses of certain game projects | 354,811 | - | - | 354,811 | - | |||||||||||||||
| Adjusted (loss)/profit from operations | (635,066 | ) | 272,208 | 463,058 | (3,384,962 | ) | (60,848 | ) | ||||||||||||
| Net (loss)/profit | (1,296,690 | ) | (79,805 | ) | 88,934 | (4,811,713 | ) | (1,363,651 | ) | |||||||||||
| Add: | ||||||||||||||||||||
| Share-based compensation expenses | 267,059 | 297,111 | 295,036 | 1,132,644 | 1,116,212 | |||||||||||||||
| Amortization expense related to intangible assets acquired through business acquisitions | 47,734 | 41,776 | 41,581 | 191,770 | 166,909 | |||||||||||||||
| Income tax related to intangible assets acquired through business acquisitions | (5,563 | ) | (5,406 | ) | (5,358 | ) | (22,376 | ) | (21,578 | ) | ||||||||||
| Loss/(Gain) on fair value change in investments in publicly traded companies | 76,839 | (17,778 | ) | 14,177 | 32,964 | 24,524 | ||||||||||||||
| Loss/(Gain) on repurchase of convertible senior notes | - | - | 17,649 | (292,213 | ) | 38,629 | ||||||||||||||
| Termination expenses of certain game projects | 354,811 | - | - | 354,811 | - | |||||||||||||||
| Adjusted net (loss)/profit | (555,810 | ) | 235,898 | 452,019 | (3,414,113 | ) | (38,955 | ) | ||||||||||||
| Net loss/(profit) attributable to noncontrolling interests | 206 | 290 | 1,026 | (10,608 | ) | 16,851 | ||||||||||||||
| Adjusted net (loss)/profit attributable to the Bilibili Inc.’s shareholders | (555,604 | ) | 236,188 | 453,045 | (3,424,721 | ) | (22,104 | ) | ||||||||||||
| Adjusted net (loss)/profit per share, basic | (1.34 | ) | 0.57 | 1.08 | (8.29 | ) | (0.05 | ) | ||||||||||||
| Adjusted net (loss)/profit per ADS, basic | (1.34 | ) | 0.57 | 1.08 | (8.29 | ) | (0.05 | ) | ||||||||||||
| Adjusted net (loss)/profit per share, diluted | (1.34 | ) | 0.57 | 1.07 | (8.29 | ) | (0.05 | ) | ||||||||||||
| Adjusted net (loss)/profit per ADS, diluted | (1.34 | ) | 0.57 | 1.07 | (8.29 | ) | (0.05 | ) | ||||||||||||
| Weighted average number of ordinary shares, basic | 414,793,013 | 417,849,446 | 417,829,038 | 413,210,271 | 416,470,256 | |||||||||||||||
| Weighted average number of ADS, basic | 414,793,013 | 417,849,446 | 417,829,038 | 413,210,271 | 416,470,256 | |||||||||||||||
| Weighted average number of ordinary shares, diluted | 414,793,013 | 417,849,446 | 424,208,294 | 413,210,271 | 416,470,256 | |||||||||||||||
| Weighted average number of ADS, diluted | 414,793,013 | 417,849,446 | 424,208,294 | 413,210,271 | 416,470,256 | |||||||||||||||
