Margin ExpansionMargin expansion is tracking ahead of expectations, with non-GAAP operating margin reaching a new record high, and management reaffirming its long-term margin targets.
ProfitabilityManagement expects profitability to improve, supported by increased revenue scale and higher-margin advertising revenue.
Revenue GrowthBilibili delivered a solid performance with revenue growing 20% year-over-year, driven by strong performances in gaming and advertising.