Chinese video platform Bilibili’s revenue increased by 30% year-on-year to RMB 5.05 billion ($797.3 million) in the first quarter of 2022, beating the average estimations for the company compiled by Yahoo Finance. However, the firm’s revenue figure fell by 13% when compared to the fourth quarter of 2021. The video platform also saw a widening net loss of RMB 2.28 billion, a 9% increase from the previous quarter, and a 152% yearly increase. Bilibili’s average monthly active users grew by 31% year-on-year to 293.6 million. Chen Rui, CEO of Bilibili, said on the company’s earnings call that Bilibili’s “goal to break even in 2024 won’t change.” [Bilibili, press release]