Bilibili falls after Q3 adjusted earnings miss

Bilibili

14/11/2024 17:45

** U.S.-listed shares of Bilibili  BILI.O  fall 13.2% to
$18.46, hitting a near two-month low intraday   
    ** The Chinese mobile gaming company reports Q3 adjusted EPS
at RMB 0.57 ($0.0788), below estimates of RMB 0.61, according to
data compiled by LSEG 
    ** Cost of revenues for the third quarter came in at RMB
4.76 bln, up 9% from a year earlier, due to higher
revenue-sharing costs — BILI 
    ** Revenue-sharing costs, a key component of cost of
revenues, were 19% up from a year earlier
    ** Q3 advertising revenue came in at RMB 2.09 bln, below
estimates of RMB 2.12 bln 
    ** BILI announced it "may repurchase up to US $200 million
of its publicly traded securities for the next 24 months" 
    ** Including session's move BILI up ~52% YTD 
    ** Broadly, U.S.-listed shares of Chinese companies slide,
extending previous session's losses following hardliner Marco
Rubio's nomination as U.S. Secretary of State on Weds 
    ** Alibaba  BABA.N  down 1.63% and JD.com  JD.O  falls 3.68%
    ** EV firms Nio  NIO.N  down 3.25% and Xpeng  XPEV.N  slides
5.32%
    ($1 = 7.2272 Chinese yuan renminbi)
    

 (Reporting by Ragini Mathur)
 ((Ragini.Mathur@thomsonreuters.com))