Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX:
9626), an iconic brand and a leading video community for young
generations in China, today announced its unaudited financial
results for the second quarter ended June 30, 2023.
Second Quarter 2023
Highlights:
- Total
net revenues were RMB5.3 billion (US$731.5 million),
representing an increase of 8% from the same period of 2022.
- Gross
profit was RMB1.2 billion (US$169.3 million), representing
an increase of 66% from the same period of 2022. Gross profit
margin was 23.1%, compared with 15.0% in the same period of
2022.
- Net loss was
RMB1.5 billion (US$213.5 million), narrowing by 23% from the same
period of 2022.
- Adjusted net
loss1 was RMB964.1 million (US$133.0
million), narrowing by 51% from the same period of 2022.
- Average
daily active users (DAUs) were 96.5 million, representing
an increase of 15% from the same period of 2022.
- 2023
full year total net revenues guidance has been
updated.
“We accomplished substantial gross profit
improvement and notable losses reduction in the second quarter,”
said Mr. Rui Chen, chairman and chief executive officer of
Bilibili. “We continued enhancing our commercialization efficiency
while cultivating a vibrant community. Through the dedicated
execution of our strategies, our advertising revenues increased by
36% year-over-year in the second quarter of 2023. Concurrently, our
DAUs grew by 15% year-over-year to 96.5 million. Our users remain
deeply engaged, with an average daily time spent of 94 minutes on
Bilibili in the second quarter, increasing our users’ total time
spent2 by 22% year-over-year. Looking towards the second half of
2023 and beyond, our priority remains achieving quality growth in
our topline and user community. We are committed to reaching our
break-even target while continuing to host the welcoming and
inspiring video community for young generations in China.”
Mr. Sam Fan, chief financial officer of
Bilibili, said, “In the second quarter, we achieved greater
leverage through our operational efficiency enhancement. Our gross
profit increased significantly by 66% year-over-year, driving our
gross profit margin improved to 23% in the second quarter.
Meanwhile, our total operating expenses and sales and marketing
expenses declined by 14% and 22% respectively, both year-over-year.
These approaches effectively led to a 51% year-over-year reduction
in our adjusted net loss. Going forward, we will continue to
concentrate on these approaches to grow our gross profit and
advance towards profitability.”
Outlook Update
For the full year of 2023, the Company currently
expects total net revenues to be between RMB22.5 billion and
RMB23.5 billion. This compares with total net revenues expected
between RMB24.0 billion and RMB26.0 billion as previously stated,
which reflected the best information available at the time. The
revised expectation is largely due to the delay of certain game
launches, as well as lower than expected revenue contribution from
non-core businesses such as IP derivatives and others.
The outlook is based on the current market
conditions and reflects the Company’s preliminary estimates, which
are all subject to various uncertainties.
Second Quarter 2023 Financial
Results
Total net revenues. Total net
revenues were RMB5.3 billion (US$731.5 million), representing an
increase of 8% from the same period of 2022.
Value-added services (VAS). Revenues from VAS
were RMB2.3 billion (US$317.4 million), representing an increase of
9% from the same period of 2022, led by an increase in the average
revenues generated from each paying user for the Company’s
value-added services, including live broadcasting and other
value-added services.
Advertising. Revenues from advertising were
RMB1.6 billion (US$216.9 million), representing an increase of 36%
from the same period of 2022, mainly attributable to the Company’s
improved advertising product offerings and enhanced advertising
efficiency.
Mobile games. Revenues from mobile games were
RMB890.9 million (US$122.9 million), representing a decrease of 15%
from the same period of 2022, mainly attributable to the lack of
new game launches as well as revenue declines from certain games in
the second quarter of 2023.
IP derivatives and others (formerly known as
E-commerce and others). Revenues from IP derivatives and others
were RMB538.7 million (US$74.3 million), representing a decrease of
10% from the same period of 2022, mainly attributable to a decrease
in revenue from e-sports copyright sub-licensing.
Cost of revenues. Cost of
revenues was RMB4.1 billion (US$562.2 million), representing a
decrease of 2% from the same period of 2022. The decrease was
mainly due to lower server and bandwidth costs and others costs.
Revenue-sharing costs, a key component of cost of revenues, were
RMB2.2 billion (US$309.1 million), representing an increase of 8%
from the same period of 2022. Server and bandwidth costs
represented a decrease of 11% from the same period of 2022.
Gross profit. Gross profit was
RMB1.2 billion (US$169.3 million), representing an increase of 66%
from the same period in 2022, primarily contributed by the
Company’s improved operating leverage, as the Company enhanced its
monetization efficiency.
Total operating expenses. Total
operating expenses were RMB2.5 billion (US$345.5 million),
representing a decrease of 14% from the same period of 2022.
Sales and marketing expenses. Sales and
marketing expenses were RMB918.2 million (US$126.6 million),
representing a 22% decrease year-over-year. The decrease was
primarily attributable to reduced promotional spending related to
user acquisition in the second quarter of 2023.
General and administrative expenses. General and
administrative expenses were RMB539.7 million (US$74.4 million),
representing a 14% decrease year-over-year. The decrease was
primarily attributable to a decline in staff related cost in the
second quarter of 2023.
Research and development expenses. Research and
development expenses were RMB1.0 billion (US$144.4 million),
representing a 7% decrease year-over-year.
Loss from operations. Loss from
operations was RMB1.3 billion (US$176.2 million), narrowing by 42%
from the same period of 2022.
Total other (expenses)/income,
net. Total other expenses were RMB246.6 million (US$34.0
million), compared with total other income of RMB207.5 million in
the same period of 2022. The change was primarily attributable to a
loss of RMB186.7 million on fair value change in investments in
publicly traded companies in the second quarter of 2023, compared
to a gain of RMB305.2 million on fair value change in investments
in publicly traded companies from the same period of 2022.
Income tax expense. Income tax
expense was RMB23.9 million (US$3.3 million), compared with RMB26.8
million in the same period of 2022.
Net loss. Net loss was RMB1.5
billion (US$213.5 million), narrowing by 23% from the same period
of 2022.
Adjusted net
loss1. Adjusted net loss
was RMB964.1 million (US$133.0 million), narrowing by 51% from the
same period of 2022. Adjusted net loss is a non-GAAP measure that
excludes share-based compensation expenses, amortization expense
related to intangible assets acquired through business
acquisitions, income tax related to intangible assets acquired
through business acquisitions, gain/loss on fair value change in
investments in publicly traded companies, gain/loss on the
repurchase of convertible senior notes, expenses related to
organizational optimization and termination expenses of certain
game projects.
Basic and diluted EPS and
adjusted basic and diluted
EPS1. Basic and diluted net loss per
share were RMB3.74 (US$0.52) each, compared with RMB5.08 each in
the same period of 2022. Adjusted basic and diluted net loss per
share were RMB2.33 (US$0.32) each, compared with RMB4.98 each in
the same period of 2022.
Repurchase of Convertible Senior
Notes
In January 2023, the Company repurchased an
aggregate principal amount of US$384.8 million (RMB2.6 billion)
December 2026 Notes with an aggregate consideration of US$331.2
million (RMB2.2 billion) that was funded by the Company’s ADS
issuance. In June 2023, the Company completed the repurchase right
offer for its 2027 Notes. An aggregate principal amount of US$745.9
million (RMB5.3 billion) 2027 Notes was validly surrendered and
repurchased with an aggregate cash consideration of US$745.9
million (RMB5.3 billion). The total gain on repurchase of December
2026 Notes and 2027 Notes was RMB282.4 million for the six months
ended June 30, 2023.
As of June 30, 2023, the aggregate outstanding
principal amount of April 2026 Notes, 2027 Notes and December 2026
Notes was RMB6.3 billion (US$876.3 million).
Cash and cash equivalents, time deposits
and short-term investments. As of June 30, 2023, the
Company had cash and cash equivalents, time deposits and short-term
investments of RMB14.3 billion (US$2.0 billion).
1 Adjusted net loss and adjusted basic and
diluted EPS are non-GAAP financial measures. For more information
on non-GAAP financial measures, please see the section of “Use of
Non-GAAP Financial Measures” and the table captioned “Unaudited
Reconciliations of GAAP and Non-GAAP Results.”
2 Total time spent represents the total time
users spent on our mobile apps during a given period, which is the
result of average daily time spent per active user on our mobile
apps multiplied by DAUs and further multiplied by the number of
days in such period.
Conference Call
The Company’s management will host an earnings
conference call at 8:00 AM U.S. Eastern Time on August 17, 2023
(8:00 PM Beijing/Hong Kong Time on August 17, 2023). Details for
the conference call are as follows:
Event
Title: |
Bilibili Inc.
Second Quarter 2023 Earnings Conference Call |
Registration Link: |
https://register.vevent.com/register/BI904c3b39cdc44890bf1380f649470000 |
|
|
All participants must use the link provided
above to complete the online registration process in advance of the
conference call. Upon registering, each participant will receive a
set of participant dial-in numbers and a personal PIN, which will
be used to join the conference call.
Additionally, a live webcast of the conference
call will be available on the Company’s investor relations website
at http://ir.bilibili.com, and a replay of the webcast will be
available following the session.
About Bilibili Inc.
Bilibili is an iconic brand and a leading video
community with a mission to enrich the everyday lives of young
generations in China. Bilibili offers a wide array of video-based
content with All the Videos You Like as its value proposition.
Bilibili builds its community around aspiring users, high-quality
content, talented content creators and the strong emotional bonds
among them. Bilibili pioneered the “bullet chatting” feature, a
live comment function that has transformed our users’ viewing
experience by displaying the thoughts and feelings of audience
members viewing the same video. The Company has now become the
welcoming home of diverse interests among young generations in
China and the frontier for promoting Chinese culture across the
world.
For more information, please visit:
http://ir.bilibili.com.
Use of Non-GAAP Financial
Measures
The Company uses non-GAAP measures, such as
adjusted net loss, adjusted net loss per share and per ADS, basic
and diluted, in evaluating its operating results and for financial
and operational decision-making purposes. The Company believes that
the non-GAAP financial measures help identify underlying trends in
its business by excluding the impact of share-based compensation
expenses, amortization expense related to intangible assets
acquired through business acquisitions, income tax related to
intangible assets acquired through business acquisitions, gain/loss
on fair value change in investments in publicly traded companies,
gain/loss on repurchase of convertible senior notes, expenses
related to organizational optimization, and termination expenses of
certain game projects. The Company believes that the non-GAAP
financial measures provide useful information about the Company’s
results of operations, enhance the overall understanding of the
Company’s past performance and future prospects and allow for
greater visibility with respect to key metrics used by the
Company’s management in its financial and operational
decision-making.
The non-GAAP financial measures are not defined
under U.S. GAAP and are not presented in accordance with U.S. GAAP.
The non-GAAP financial measures have limitations as analytical
tools, and when assessing the Company’s operating performance, cash
flows or liquidity, investors should not consider them in
isolation, or as a substitute for net loss, cash flows provided by
operating activities or other consolidated statements of operations
and cash flows data prepared in accordance with U.S. GAAP.
The Company mitigates these limitations by
reconciling the non-GAAP financial measures to the most comparable
U.S. GAAP performance measures, all of which should be considered
when evaluating the Company’s performance.
For more information on the non-GAAP financial
measures, please see the table captioned “Unaudited Reconciliations
of GAAP and Non-GAAP Results.”
Exchange Rate Information
This announcement contains translations of
certain RMB amounts into U.S. dollars (“US$”) at specified rates
solely for the convenience of the reader. Unless otherwise stated,
all translations from RMB to US$ were made at the rate of RMB7.2513
to US$1.00, the exchange rate on June 30, 2023 set forth in the
H.10 statistical release of the Federal Reserve Board. The Company
makes no representation that the RMB or US$ amounts referred to
could be converted into US$ or RMB, as the case may be, at any
particular rate or at all.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “confident,”
“potential,” “continue,” or other similar expressions. Among other
things, outlook and quotations from management in this
announcement, as well as Bilibili’s strategic and operational
plans, contain forward-looking statements. Bilibili may also make
written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission, in its interim and
annual reports to shareholders, in announcements, circulars or
other publications made on the website of The Stock Exchange of
Hong Kong Limited (the “Hong Kong Stock Exchange”), in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including but not limited to
statements about Bilibili’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: results of operations, financial condition, and stock
price; Bilibili’s strategies; Bilibili’s future business
development, financial condition and results of operations;
Bilibili’s ability to retain and increase the number of users,
members and advertising customers, provide quality content,
products and services, and expand its product and service
offerings; competition in the online entertainment industry;
Bilibili’s ability to maintain its culture and brand image within
its addressable user communities; Bilibili’s ability to manage its
costs and expenses; PRC governmental policies and regulations
relating to the online entertainment industry, general economic and
business conditions globally and in China and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in the Company’s
filings with the Securities and Exchange Commission and the Hong
Kong Stock Exchange. All information provided in this announcement
and in the attachments is as of the date of the announcement, and
the Company undertakes no duty to update such information, except
as required under applicable law.
For investor and media inquiries, please
contact:
In China:
Bilibili Inc.Juliet YangTel: +86-21-2509-9255
Ext. 8523E-mail: ir@bilibili.com
Piacente Financial CommunicationsHelen WuTel:
+86-10-6508-0677E-mail: bilibili@tpg-ir.com
In the United States:
Piacente Financial CommunicationsBrandi
PiacenteTel: +1-212-481-2050E-mail: bilibili@tpg-ir.com
BILIBILI INC. |
Unaudited Condensed Consolidated Statements of
Operations |
(All amounts in thousands, except for share and per share
data) |
|
|
For the Three Months Ended |
|
For the Six Months Ended |
|
June 30, |
|
March 31, |
|
June 30, |
|
June 30, |
|
June 30, |
|
2022 |
|
2023 |
|
2023 |
|
2022 |
|
2023 |
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
|
|
|
|
|
|
|
|
|
Net
revenues: |
|
|
|
|
|
|
|
|
|
Mobile games |
1,046,236 |
|
|
1,131,619 |
|
|
890,884 |
|
|
2,404,054 |
|
|
2,022,503 |
|
Value-added services (VAS) |
2,103,458 |
|
|
2,156,224 |
|
|
2,301,741 |
|
|
4,155,650 |
|
|
4,457,965 |
|
Advertising |
1,158,252 |
|
|
1,271,804 |
|
|
1,572,840 |
|
|
2,199,022 |
|
|
2,844,644 |
|
IP derivatives and others (formerly known as E-commerce and
others) |
600,985 |
|
|
509,964 |
|
|
538,734 |
|
|
1,204,304 |
|
|
1,048,698 |
|
Total net
revenues |
4,908,931 |
|
|
5,069,611 |
|
|
5,304,199 |
|
|
9,963,030 |
|
|
10,373,810 |
|
Cost of
revenues |
(4,170,646 |
) |
|
(3,965,679 |
) |
|
(4,076,665 |
) |
|
(8,417,504 |
) |
|
(8,042,344 |
) |
Gross
profit |
738,285 |
|
|
1,103,932 |
|
|
1,227,534 |
|
|
1,545,526 |
|
|
2,331,466 |
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses: |
|
|
|
|
|
|
|
|
|
Sales and marketing expenses |
(1,171,974 |
) |
|
(880,186 |
) |
|
(918,197 |
) |
|
(2,425,888 |
) |
|
(1,798,383 |
) |
General and administrative expenses |
(625,665 |
) |
|
(571,695 |
) |
|
(539,699 |
) |
|
(1,160,961 |
) |
|
(1,111,394 |
) |
Research and development expenses |
(1,131,708 |
) |
|
(1,026,712 |
) |
|
(1,047,321 |
) |
|
(2,140,551 |
) |
|
(2,074,033 |
) |
Total operating
expenses |
(2,929,347 |
) |
|
(2,478,593 |
) |
|
(2,505,217 |
) |
|
(5,727,400 |
) |
|
(4,983,810 |
) |
Loss from
operations |
(2,191,062 |
) |
|
(1,374,661 |
) |
|
(1,277,683 |
) |
|
(4,181,874 |
) |
|
(2,652,344 |
) |
|
|
|
|
|
|
|
|
|
|
Other
income/(expenses): |
|
|
|
|
|
|
|
|
|
Investment income/(loss), net (including impairments) |
82,043 |
|
|
286,402 |
|
|
(278,081 |
) |
|
(544,273 |
) |
|
8,321 |
|
Interest income |
55,968 |
|
|
146,274 |
|
|
152,026 |
|
|
90,268 |
|
|
298,300 |
|
Interest expense |
(61,177 |
) |
|
(57,706 |
) |
|
(47,976 |
) |
|
(123,612 |
) |
|
(105,682 |
) |
Exchange losses |
(15,262 |
) |
|
(7,712 |
) |
|
(8,840 |
) |
|
(21,526 |
) |
|
(16,552 |
) |
Debt extinguishment gain/(loss) |
137,011 |
|
|
336,485 |
|
|
(54,043 |
) |
|
475,790 |
|
|
282,442 |
|
Others, net |
8,876 |
|
|
73,005 |
|
|
(9,677 |
) |
|
67,251 |
|
|
63,328 |
|
Total other
income/(expenses), net |
207,459 |
|
|
776,748 |
|
|
(246,591 |
) |
|
(56,102 |
) |
|
530,157 |
|
Loss before income
tax |
(1,983,603 |
) |
|
(597,913 |
) |
|
(1,524,274 |
) |
|
(4,237,976 |
) |
|
(2,122,187 |
) |
Income tax |
(26,842 |
) |
|
(31,732 |
) |
|
(23,858 |
) |
|
(56,601 |
) |
|
(55,590 |
) |
Net loss |
(2,010,445 |
) |
|
(629,645 |
) |
|
(1,548,132 |
) |
|
(4,294,577 |
) |
|
(2,177,777 |
) |
Net loss attributable to noncontrolling interests |
3,518 |
|
|
1,959 |
|
|
1,425 |
|
|
5,668 |
|
|
3,384 |
|
Net loss attributable
to the Bilibili Inc.’s shareholders |
(2,006,927 |
) |
|
(627,686 |
) |
|
(1,546,707 |
) |
|
(4,288,909 |
) |
|
(2,174,393 |
) |
Net loss per share, basic |
(5.08 |
) |
|
(1.53 |
) |
|
(3.74 |
) |
|
(10.88 |
) |
|
(5.28 |
) |
Net loss per ADS, basic |
(5.08 |
) |
|
(1.53 |
) |
|
(3.74 |
) |
|
(10.88 |
) |
|
(5.28 |
) |
Net loss per share,
diluted |
(5.08 |
) |
|
(1.53 |
) |
|
(3.74 |
) |
|
(10.88 |
) |
|
(5.28 |
) |
Net loss per ADS, diluted |
(5.08 |
) |
|
(1.53 |
) |
|
(3.74 |
) |
|
(10.88 |
) |
|
(5.28 |
) |
Weighted average number of
ordinary shares, basic |
394,742,634 |
|
|
410,564,084 |
|
|
413,446,005 |
|
|
394,142,409 |
|
|
412,013,005 |
|
Weighted average number of
ADS, basic |
394,742,634 |
|
|
410,564,084 |
|
|
413,446,005 |
|
|
394,142,409 |
|
|
412,013,005 |
|
Weighted average number of
ordinary shares, diluted |
394,742,634 |
|
|
410,564,084 |
|
|
413,446,005 |
|
|
394,142,409 |
|
|
412,013,005 |
|
Weighted average number of
ADS, diluted |
394,742,634 |
|
|
410,564,084 |
|
|
413,446,005 |
|
|
394,142,409 |
|
|
412,013,005 |
|
|
|
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of
this press release.
BILIBILI INC. |
Notes to Unaudited Financial Information |
(All amounts in thousands, except for share and per share
data) |
|
|
|
For the Three Months Ended |
|
For the Six Months Ended |
|
June 30, |
|
March 31, |
|
June 30, |
|
June 30, |
|
June 30, |
|
|
2022 |
|
2023 |
|
2023 |
|
2022 |
|
2023 |
|
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based
compensation expenses included in: |
|
|
|
|
|
|
|
|
|
|
Cost of revenues |
15,079 |
|
12,462 |
|
17,440 |
|
38,112 |
|
29,902 |
|
Sales and marketing expenses |
13,339 |
|
14,504 |
|
14,662 |
|
25,931 |
|
29,166 |
|
General and administrative expenses |
136,880 |
|
137,616 |
|
153,597 |
|
282,875 |
|
291,213 |
|
Research and development expenses |
91,400 |
|
96,152 |
|
115,115 |
|
187,642 |
|
211,267 |
|
Total |
256,698 |
|
260,734 |
|
300,814 |
|
534,560 |
|
561,548 |
|
|
|
|
|
|
|
|
|
|
|
|
BILIBILI INC. |
Unaudited Condensed Consolidated Balance
Sheets |
(All amounts in thousands, except for share and per share
data) |
|
|
|
December 31, |
|
June 30, |
|
2022 |
|
2023 |
|
RMB |
|
RMB |
|
|
|
|
Assets |
|
|
|
Current assets: |
|
|
|
Cash and cash equivalents |
10,172,584 |
|
5,686,852 |
|
Time deposits |
4,767,972 |
|
5,712,014 |
|
Restricted cash |
14,803 |
|
167,810 |
|
Accounts receivable, net |
1,328,584 |
|
1,367,815 |
|
Prepayments and other current assets |
3,545,493 |
|
2,876,381 |
|
Short-term investments |
4,623,452 |
|
2,899,822 |
|
Total current assets |
24,452,888 |
|
18,710,694 |
|
Non-current assets: |
|
|
|
Property and equipment, net |
1,227,163 |
|
929,803 |
|
Production cost, net |
1,929,622 |
|
2,014,100 |
|
Intangible assets, net |
4,326,790 |
|
3,952,713 |
|
Goodwill |
2,725,130 |
|
2,725,130 |
|
Long-term investments, net |
5,651,018 |
|
5,223,492 |
|
Other long-term assets |
1,517,959 |
|
1,339,425 |
|
Total non-current assets |
17,377,682 |
|
16,184,663 |
|
Total
assets |
41,830,570 |
|
34,895,357 |
|
Liabilities |
|
|
|
Current liabilities: |
|
|
|
Accounts payable |
4,291,656 |
|
4,171,625 |
|
Salary and welfare payables |
1,401,526 |
|
994,074 |
|
Taxes payable |
316,244 |
|
300,330 |
|
Short-term loan and current portion of long-term debt |
6,621,386 |
|
4,611,656 |
|
Deferred revenue |
2,819,323 |
|
2,690,964 |
|
Accrued liabilities and other payables |
1,643,269 |
|
1,710,808 |
|
Total current liabilities |
17,093,404 |
|
14,479,457 |
|
Non-current liabilities: |
|
|
|
Long-term debt |
8,683,150 |
|
3,197,625 |
|
Other long-term liabilities |
814,429 |
|
685,593 |
|
Total non-current liabilities |
9,497,579 |
|
3,883,218 |
|
Total
liabilities |
26,590,983 |
|
18,362,675 |
|
|
|
|
|
Total Bilibili Inc.’s
shareholders’ equity |
15,237,828 |
|
16,534,307 |
|
Noncontrolling interests |
1,759 |
|
(1,625 |
) |
Total shareholders’
equity |
15,239,587 |
|
16,532,682 |
|
|
|
|
|
Total liabilities and
shareholders’ equity |
41,830,570 |
|
34,895,357 |
|
|
|
|
|
BILIBILI INC. |
Unaudited Reconciliations of GAAP and Non-GAAP
Results |
(All amounts in thousands, except for share and per share
data) |
|
|
For the Three Months Ended |
|
For the Six Months Ended |
|
June 30, |
|
March 31, |
|
June 30, |
|
June 30, |
|
June 30, |
|
2022 |
|
2023 |
|
2023 |
|
2022 |
|
2023 |
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
|
|
|
|
|
|
|
|
|
Net loss |
(2,010,445 |
) |
|
(629,645 |
) |
|
(1,548,132 |
) |
|
(4,294,577 |
) |
|
(2,177,777 |
) |
Add: |
|
|
|
|
|
|
|
|
|
Share-based compensation
expenses |
256,698 |
|
|
260,734 |
|
|
300,814 |
|
|
534,560 |
|
|
561,548 |
|
Amortization expense related
to intangible assets acquired through business acquisitions |
39,338 |
|
|
48,151 |
|
|
48,151 |
|
|
96,335 |
|
|
96,302 |
|
Income tax related to
intangible assets acquired through business acquisitions |
(10,028 |
) |
|
(5,625 |
) |
|
(5,625 |
) |
|
(18,009 |
) |
|
(11,250 |
) |
(Gain)/Loss on fair value
change in investments in publicly traded companies |
(305,185 |
) |
|
(367,920 |
) |
|
186,687 |
|
|
335,929 |
|
|
(181,233 |
) |
(Gain)/Loss on repurchase of
convertible senior notes |
(137,011 |
) |
|
(336,485 |
) |
|
54,043 |
|
|
(475,790 |
) |
|
(282,442 |
) |
Expenses related to
organizational optimization |
89,650 |
|
|
- |
|
|
- |
|
|
89,650 |
|
|
- |
|
Termination expenses of
certain game projects |
109,054 |
|
|
- |
|
|
- |
|
|
109,054 |
|
|
- |
|
Adjusted net
loss |
(1,967,929 |
) |
|
(1,030,790 |
) |
|
(964,062 |
) |
|
(3,622,848 |
) |
|
(1,994,852 |
) |
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to the Bilibili Inc.’s shareholders |
(2,006,927 |
) |
|
(627,686 |
) |
|
(1,546,707 |
) |
|
(4,288,909 |
) |
|
(2,174,393 |
) |
Add: |
|
|
|
|
|
|
|
|
|
Share-based compensation
expenses |
256,698 |
|
|
260,734 |
|
|
300,814 |
|
|
534,560 |
|
|
561,548 |
|
Amortization expense related
to intangible assets acquired through business acquisitions |
39,338 |
|
|
48,151 |
|
|
48,151 |
|
|
96,335 |
|
|
96,302 |
|
Income tax related to
intangible assets acquired through business acquisition |
(10,028 |
) |
|
(5,625 |
) |
|
(5,625 |
) |
|
(18,009 |
) |
|
(11,250 |
) |
(Gain)/Loss on fair value
change in investments in publicly traded companies |
(305,185 |
) |
|
(367,920 |
) |
|
186,687 |
|
|
335,929 |
|
|
(181,233 |
) |
(Gain)/Loss on repurchase of
convertible senior notes |
(137,011 |
) |
|
(336,485 |
) |
|
54,043 |
|
|
(475,790 |
) |
|
(282,442 |
) |
Expenses related to
organizational optimization |
89,650 |
|
|
- |
|
|
- |
|
|
89,650 |
|
|
- |
|
Termination expenses of
certain game projects |
109,054 |
|
|
- |
|
|
- |
|
|
109,054 |
|
|
- |
|
Adjusted net loss
attributable to the Bilibili Inc.’s shareholders |
(1,964,411 |
) |
|
(1,028,831 |
) |
|
(962,637 |
) |
|
(3,617,180 |
) |
|
(1,991,468 |
) |
Adjusted net loss per share,
basic |
(4.98 |
) |
|
(2.51 |
) |
|
(2.33 |
) |
|
(9.18 |
) |
|
(4.83 |
) |
Adjusted net loss per ADS,
basic |
(4.98 |
) |
|
(2.51 |
) |
|
(2.33 |
) |
|
(9.18 |
) |
|
(4.83 |
) |
Adjusted net loss per share,
diluted |
(4.98 |
) |
|
(2.51 |
) |
|
(2.33 |
) |
|
(9.18 |
) |
|
(4.83 |
) |
Adjusted net loss per ADS,
diluted |
(4.98 |
) |
|
(2.51 |
) |
|
(2.33 |
) |
|
(9.18 |
) |
|
(4.83 |
) |
Weighted average number of
ordinary shares, basic |
394,742,634 |
|
|
410,564,084 |
|
|
413,446,005 |
|
|
394,142,409 |
|
|
412,013,005 |
|
Weighted average number of
ADS, basic |
394,742,634 |
|
|
410,564,084 |
|
|
413,446,005 |
|
|
394,142,409 |
|
|
412,013,005 |
|
Weighted average number of
ordinary shares, diluted |
394,742,634 |
|
|
410,564,084 |
|
|
413,446,005 |
|
|
394,142,409 |
|
|
412,013,005 |
|
Weighted average number of
ADS, diluted |
394,742,634 |
|
|
410,564,084 |
|
|
413,446,005 |
|
|
394,142,409 |
|
|
412,013,005 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bilibili (NASDAQ:BILI)
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Bilibili (NASDAQ:BILI)
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