Bilibili Inc. reports recurring developments tied to its role as a China-based video community for young generations, with American depositary shares trading on Nasdaq and ordinary shares listed in Hong Kong. Company updates commonly cover unaudited quarterly and annual results, user activity, advertising revenue, monetization efficiency and platform operating costs.
News also includes annual meeting materials, Form 20-F availability, ESG reporting and governance notices for shareholders and ADS holders. Bilibili describes its platform as a broad video-content community built around users, content creators and its bullet chatting live-comment feature.
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Bilibili Inc. (NASDAQ: BILI) announced that it will hold its annual general meeting (AGM) on June 30, 2023, in Shanghai. This meeting aims to present and vote on various proposals to shareholders, with the AGM Notice and Circular available on its investor relations website. Shareholders must be registered by May 25, 2023, to participate. The company also filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. SEC, alongside its 2022 Annual Report for Hong Kong purposes, both accessible online. Bilibili continues to position itself as a leading video platform targeting younger generations in China, focusing on diverse content and community engagement.
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Bilibili Inc. (NASDAQ: BILI) announced the release of its 2022 Environmental, Social and Governance (ESG) Report, highlighting its commitment to sustainability and community engagement. The report can be accessed on the Company's investor relations website. Key achievements include over 3.4 billion daily video views with 95% from high-quality content, 13.6 billion monthly interactions, and support for 280,000 users with negative emotions. Bilibili also increased monetary rewards for content creators by 64% YoY, optimized employee training for 94% of staff, and launched a Charity Platform that attracted 30 welfare organizations. Environmental initiatives included reduced greenhouse gas emissions and promotion of climate awareness through content. The 2022 ESG Report is available in both Chinese and English.
On March 10, 2023, Bilibili announced that its Class Z ordinary shares will be included in the Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connect programs, effective March 13, 2023. This inclusion allows eligible investors from the Chinese Mainland to directly trade Bilibili's shares on the Hong Kong Stock Exchange. Bilibili is a major video community brand targeting youth in China, known for its unique features like 'bullet chatting.' The Stock Connect programs facilitate mutual trading access between Chinese Mainland and Hong Kong markets, enhancing liquidity and visibility for Bilibili.
Bilibili Inc. (NASDAQ: BILI) reported its unaudited financial results for Q4 and FY2022. Q4 net revenues were RMB6.1 billion (US$890.6 million), up 6% year-over-year. FY2022 revenues totaled RMB21.9 billion (US$3.2 billion), compared to RMB19.4 billion in 2021. Q4 net loss narrowed by 29% to RMB1.5 billion (US$217.1 million). The average daily active users (DAUs) reached 92.8 million, a 29% growth from 2021. Despite increased expenses in R&D and G&A, the company improved its gross margin to 20.3% and reduced sales and marketing expenses by 28%. For 2023, Bilibili forecasts revenues between RMB24.0 billion and RMB26.0 billion.
Bilibili Inc. (NASDAQ: BILI) will report its fourth quarter and fiscal year 2022 unaudited financial results on March 2, 2023, before U.S. markets open. An earnings conference call is scheduled for 7:00 AM ET the same day. Participants must register in advance using the provided link 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 posted afterward. Bilibili is a leading video community brand in China, aiming to enrich the lives of young generations through diverse video content and community engagement.