Chinese video streaming platform Bilibili swings to Q3 profit on higher ad rev, stable costs

Bilibili

13/11/2025 10:10

Overview

Bilibili Q3 revenue grows 5% yr/yr to RMB7.69 bln

Net profit for Q3 reaches RMB469.4 mln, reversing a loss from last year

Adjusted net profit surges 233% yr/yr to RMB786.3 mln

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

ADVERTISING REVENUE - Advertising revenues increased by 23% yr/yr, driven by improved product offerings and efficiency

GROSS PROFIT INCREASE - Gross profit rose by 11% yr/yr due to revenue growth and stable platform operation costs

MOBILE GAMES DECLINE - Mobile games revenue fell 17% yr/yr due to high prior-year comparison baseline

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
RMB 7.69 bln
Q3 Net Income
RMB 829,000
Q3 Basic EPS
RMB 1.13
Q3 Gross Profit
RMB 2.82 bln
Q3 Income From Operations
RMB 353.95 mln
Q3 Pretax Profit
RMB 454.64 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Bilibili Inc is HK$234.00, about 9.1% above its November 13 closing price of HK$212.80

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nGNX1p9wyt

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)