1 min read
Briefing: Bilibili announces third quarter financial results
哔哩哔哩三季调整后净亏2.027亿元：同比大幅度扩大 – Sina Tech
What happened: Chinese anime-themed video streaming platform Bilibili today announced its third quarter unaudited financial results. Revenue came in at RMB 1.079 billion ($157.1 million). The increases were primarily due to a revenue increase in online marketing services. However, the net loss of RMB 202.7 million ($29.5 million) was significantly higher from last year’s RMB 2.9 million. Average monthly active users (MAUs) reached 92.7 million and mobile MAUs were 80 million, up 33%.
Why it’s important: Bilibili debuted in the US IPO earlier this year. Even though the company’s revenue contribution from advertising, live broadcasting, and mobile gaming continued to show strong growth, net loss was significantly wider than the year before. The company’s stock was down about 7.5% as it announced the quarterly earnings results on Tuesday.