Bilibili's earnings call highlighted significant achievements in revenue growth, profitability, and community engagement, with strong performance in mobile games and advertising. The partnership with CCTV and successful fan charging program further underscored growth. However, challenges from the macro environment were noted. Overall, the positives significantly outweighed the negatives.

Company Guidance

During the Bilibili Fourth Quarter and Fiscal Year 2024 Financial Results and Business Update Conference Call on February 20, 2025, the company provided detailed guidance on its financial and operational performance. Bilibili reported a total revenue of RMB 7.7 billion in Q4 and RMB 26.8 billion for the full year, marking year-over-year increases of 22% and 19%, respectively. The advertising sector showed robust growth, with revenues increasing by 24% in Q4 and 28% for the year. Mobile games revenue surged by 79% in Q4 and 40% for the year. The company achieved its first GAAP net profit of RMB 89 million in Q4, while the adjusted net profit reached RMB 452 million. The gross profit margin for Q4 was 36.1%, contributing to a 68% year-over-year growth in gross profit. Daily active users (DAUs) and monthly active users (MAUs) reached 103 million and 340 million, respectively. Users spent an average of 99 minutes daily on the platform. Bilibili's user base comprises nearly 70% of China's Gen Z population, with an average age of 25. The company emphasized its strategic focus on high-quality content, community engagement, and commercialization, while also exploring opportunities in AI to enhance its offerings.

Record-Breaking Revenue and Growth

Bilibili achieved total revenues of RMB 7.7 billion in Q4 and RMB 26.8 billion for the full year, reflecting year-over-year increases of 22% and 19%, respectively.

First GAAP Net Profit

Bilibili reported its first GAAP net profit of RMB 89 million in Q4, with an adjusted net profit reaching RMB 452 million.

Mobile Games Revenue Surge

Mobile games revenues surged by 79% year-over-year in Q4 and 40% for the year, driven by expansion into the strategy game genre.

Advertising Business Growth

Advertising revenue increased by 24% year-over-year in Q4 and 28% for the year, with strong growth in performance-based ad revenues by over 40% year-over-year.

Community Engagement

DAUs and MAUs reached 103 million and 340 million, respectively, with users spending an average of 99 minutes daily on the platform.

Fan Charging Program Success

The fan charging program saw creators' total earnings increase by nearly 500% in 2024.

Partnership with CCTV for Spring Festival Gala

Successful partnership with CCTV for the Spring Festival Gala, attracting over 230 million views and a 20% increase in DAUs compared to the previous year.

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Bilibili (BILI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BILI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 21, 2025	2025 (Q1)	0.08 / -	-1.06	―	―	―
Feb 20, 2025	2024 (Q4)	0.13 / 0.15	-0.184	179.85% (+0.33)
Nov 14, 2024	2024 (Q3)	0.08 / 0.08	-0.291	126.89% (+0.37)
Aug 22, 2024	2024 (Q2)	-0.10 / -0.09	-0.32	72.10% (+0.23)
May 23, 2024	2024 (Q1)	-0.17 / -0.15	-0.345	57.77% (+0.20)
Mar 07, 2024	2023 (Q4)	-0.20 / -0.18	-0.454	59.52% (+0.27)
Nov 29, 2023	2023 (Q3)	-0.26 / -0.29	-0.612	52.47% (+0.32)
Aug 17, 2023	2023 (Q2)	-0.35 / -0.32	-0.684	53.21% (+0.36)
Jun 01, 2023	2023 (Q1)	-0.39 / -0.34	-0.577	40.24% (+0.23)
Mar 02, 2023	2022 (Q4)	-0.49 / -0.45	-0.579	21.56% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BILI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 20, 2025	$20.33	$22.11	+8.76%
Nov 14, 2024	$21.27	$18.59	-12.60%
Aug 22, 2024	$14.02	$12.96	-7.56%
May 23, 2024	$15.68	$13.74	-12.37%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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