US shares of Bilibili gain after co announces $300 million buyback
Wed 11:12
BUZZ-US shares of Bilibili gain after co announces $300 million buyback ** U.S.-listed shares of China-based video platform Bilibili Inc's BILI.O rise 2.4% to $16.34 premarket
** Co announces new $300 million share buyback program** In Q1, BILI reported a 7% rise in revenue, helped by advertising growth
** 27 of 28 brokerages rate the stock 'buy' or higher; one 'hold'; their median PT is $30 - LSEG-compiled data
** Up to last close, stock down 35% YTD
(Reporting by Sudeshna Ghoshal in Bengaluru)
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