Bilibili reports Q2 adjusted EPS RMB1.29 vs. (RMB0.65) last year

Reports Q2 revenue RMB7.34B vs. RMB last year. Average daily active users were 109.4 million, representing an increase of 7% year over year. “We furthered our healthy momentum in Q2 with solid financial results and strong community engagement,” said CEO Rui Chen. “In Q2, DAUs grew by 7%, monthly active users by 8%, and monthly paying users by 9%, year over year. Average daily time spent was 105 minutes, up 6 minutes compared to a year ago, demonstrating our growing influence among China’s young generations. Looking ahead, we will stay focused on delivering premium content experiences that resonate with young audiences, fueling user growth and deepening engagement, while continuing to unlock the full commercial potential of our vibrant ecosystem.” CFO Sam Fan said, “In Q2, our total net revenues grew by 20% year over year to RMB7.34B. The growth was mainly attributable to strong growth in both advertising and games businesses, which rose by 20% and 60% year over year, respectively. Gross profit improved by 46% year over year, with gross profit margin rising to 36.5%, up from 29.9% in the same period last year. These increases fueled improvements in our profitability, with net profit and adjusted net profit reaching RMB218.3M and RMB561.3M, respectively. We also generated a robust net operating cashflow of RMB1.99B in the quarter. In Q2, we completed the repurchase of 5,588,140 Class Z ordinary shares for an aggregate amount of HK$782.9M.”