Bilibili Stock Price, News & Analysis

Bilibili Inc. (NASDAQ: BILI) has initiated an underwritten offering of 15,344,000 American depositary shares (ADSs), each representing one Class Z ordinary share. The offering aims to generate net proceeds for a liability management exercise, including an exchange of at least $269.3 million in convertible senior notes due December 2026. Goldman Sachs is the sole book-running manager for the offering. The ADSs will be registered under an effective SEC registration statement. Completion of the offering is contingent upon various conditions.

Bilibili Inc. reported its third quarter 2022 financial results, showing total net revenues of RMB5.8 billion (US$814.5 million), an 11% increase year-over-year. The net loss narrowed by 36% to RMB1.7 billion (US$241.2 million). Average DAUs and MAUs each rose by 25% to 90.3 million and 332.6 million, respectively. Mobile games and value-added services drove revenue growth, while sales and marketing expenses decreased by 25%. The company aims to improve profitability, forecasting fourth-quarter revenues between RMB6.0 billion and RMB6.2 billion amidst ongoing challenges.

Bilibili Inc. (NASDAQ: BILI) announced its third quarter 2022 unaudited financial results

will be reported before the U.S. markets open on November 29, 2022. An earnings conference call is scheduled for 7:00 AM ET, allowing investors to gain insights on the company's performance. Bilibili, a leading video community in China, focuses on enriching the lives of young generations through diverse video content and the unique 'bullet chatting' feature enhancing viewer interaction.

Bilibili Inc. has transitioned from a secondary to a primary listing on the Hong Kong Stock Exchange as of October 2, 2022. This change aims to broaden its investor base and enhance liquidity in capital markets. The Class Z shares listed in Hong Kong are expected to become eligible for the Mainland-Hong Kong Stock Connect program, facilitating direct trading for accredited investors in Mainland China. This move positions Bilibili as a dual-primary listed company alongside its presence in the Nasdaq Global Select Market.

Bilibili Inc. reported Q2 2022 net revenues of RMB4.9 billion (US$732.9 million), marking a 9% year-over-year increase. Average MAUs surged by 29% to 305.7 million, while DAUs rose 33% to 83.5 million. Despite macro challenges, the company controlled expenses, reducing sales and marketing costs by 16%. User engagement improved with a DAU/MAU ratio of 27.3%. However, net loss widened to RMB2.01 billion (US$300.2 million) compared to RMB1.12 billion a year earlier. Bilibili anticipates Q3 revenues between RMB5.6 billion and RMB5.8 billion.

Bilibili Inc. (NASDAQ: BILI) has announced its second quarter 2022 unaudited financial results are scheduled for release on September 8, 2022, before U.S. market opening. The company will host an earnings conference call on the same date at 8:00 AM ET (8:00 PM Beijing time). Interested participants must register online to obtain dial-in numbers and a personal PIN. A live webcast will also be available on Bilibili's investor relations website, with a replay option following the call.

Bilibili Inc. (NASDAQ: BILI), a leading video community in China, held its annual general meeting on June 30, 2022, in Shanghai, where all proposed resolutions were approved. Shareholders authorized the company's conversion to a primary listing on the Hong Kong Stock Exchange, effective October 3, 2022. Bilibili aims to comply with all relevant regulations as a dual-primary listed issuer on both exchanges. The company is dedicated to enriching the lives of young generations in China through diverse video content and community engagement.

Bilibili Inc. reported total net revenues of RMB5,054.1 million (US$797.3 million) for Q1 2022, a 30% increase year-over-year. Key metrics included 293.6 million monthly active users (MAUs) and 79.4 million daily active users (DAUs), both up by over 30%. However, operating loss widened to RMB1,990.8 million (US$314 million), compared to RMB1,031.0 million a year earlier. Despite challenges from COVID-19, Bilibili aims to enhance commercialization and control costs. For Q2 2022, revenue is projected between RMB4.85 billion and RMB4.95 billion.

Bilibili Inc. has announced its upcoming annual general meeting (AGM) scheduled for June 30, 2022. The AGM will take place at the Guozheng Center in Shanghai, where shareholders will vote on proposals outlined in the AGM Circular. Shareholders of record as of May 27, 2022, are eligible to attend and vote. Additionally, Bilibili has submitted its annual report on Form 20-F, including audited financial statements for the fiscal year ending December 31, 2021, available through the SEC and the company’s investor relations website.