Bilibili Stock Price, News & Analysis

Bilibili Inc. (NASDAQ: BILI) announced the successful completion of an ADS offering of 15,344,000 shares at $26.65 each on January 11, 2023. The offering aims to bolster its cash reserves, with $331.2 million allocated to redeem 0.50% convertible senior notes due December 2026. Additionally, $68.8 million of the net proceeds will be directed towards working capital. This offering follows the company's registration statement filed with the SEC, which became effective on January 9, 2023.

Bilibili Inc. (NASDAQ: BILI) has announced an offering of 15,344,000 American depositary shares (ADSs) priced at $26.65 each. The offering aims to raise funds for a Notes Exchange involving $384.8 million of convertible senior notes, alongside replenishing the company's cash reserves. The ADSs are offered under a shelf registration statement effective January 9, 2023. This offering is part of Bilibili's liability management strategy, which includes repurchases of convertible senior notes made in Q4 2022, enhancing the company's financial stability.

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.