Bilibili Inc. (NASDAQ:BILI) announces first Quarter Results

Bilibili Inc.  (NASDAQ:BILI), a leading online entertainment platform for young generations in China, recently reported its unaudited financial results for the first quarter ended March 31, 2018.

Bilibili Inc. (BILI) ,a stock from Internet Information Providers Industry, has a value of $13.85 per share, noted a price change of 11.33% in recent trade close.

The performance for Year to Date (YTD) is 23.22%. Its monthly volatility value of 7.39% and volatility for the week is valued at 7.72%.

First Quarter 2018 Financial and Operational Highlights:

Total net revenues [1] reached RMB868.0M (US$138.4M), a 105% increase from the same period in 2017.

Net loss was RMB57.8M (US$9.2M) and net loss margin was 7%, contrast to net loss of RMB67.4M and net loss margin of 16% in the same period in 2017.

Adjusted net loss[2] was RMB3.2M (US$0.5M) and adjusted net loss margin[2] was 0.4%, contrast to adjusted net loss of RMB59.6M and adjusted net loss margin of 14% in the same period in 2017.

Average monthly active users (MAUs) reached 77.5M, a 35% increase from the same period in 2017. Mobile MAUs represented 82% of MAUs.

Average monthly paying users reached 2.5M, a 190% increase from the same period in 2017. Average monthly paying users for mobile games reached 0.8M, a 79% increase from the same period in 2017.

“We are happy to report strong operational and financial results for our first quarter as a public company, with remarkable growth across our three primary business streams,” stated Mr. Rui Chen, Chairman of the Board and Chief Executive Officer of Bilibili. “As a premier entertainment platform serving young generations in China, we continue to offer new immersive content, vibrant interaction among users and dynamic community environment. Our MAUs reached over 77M in the first quarter, and we have seen a substantial increase in the number of paying users, demonstrating our strong momentum driven by the implementation of our monetization strategies. As the hub for China’s distinct and thriving Generation Z culture, we believe we are uniquely positioned to capture the future of online entertainment market in China,” Mr. Chen concluded.Bilibili Inc

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April Pardo:  Technology Reporter I am April Pardo and i am passionate about business and finance news with over 5 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind with a vision to broaden the company’s readership throughout 2014. I am an editor and reporter of “Technology” Category. Address:  2468 Norma Lane Shreveport, LA 71101 Phone:  (+1)- 318-542-8373 Email:  [email protected]

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