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, 2024.
Second Quarter 2024
Highlights:
- Total
net revenues were RMB6.13 billion (US$843.1 million),
representing an increase of 16% year over year.
-
Advertising revenues were RMB2.04 billion
(US$280.4 million), representing an increase of 30% year over
year.
- Mobile
games revenues were RMB1.01 billion (US$138.6 million),
representing an increase of 13% year over year.
- Gross
profit was RMB1.83 billion (US$252.3 million),
representing an increase of 49% year over year. Gross profit margin
reached 29.9%, improving from 23.1% in the same period last
year.
- Net
loss was RMB608.1 million (US$83.7 million), narrowing by
61% year over year.
- Adjusted
net loss1 was RMB271.0 million (US$37.3
million), narrowing by 72% year over year.
-
Operating cash flow was RMB1.75 billion (US$240.9
million) in the second quarter of 2024, compared with negative
RMB21.2 million for the same period last year.
- Average
daily active users (DAUs) were 102.3 million, representing
an increase of 6% year over year.
“Our second quarter results highlight how we are
accelerating our financial performance while cultivating a vibrant
community,” said Mr. Rui Chen, chairman and chief executive officer
of Bilibili. “This quarter, our DAUs increased by 6% year over year
to over 102 million and MAUs grew to 336 million. Daily average
time spent per user also grew to 99 minutes in the second quarter,
compared with 94 minutes same period last year. As we further
develop our community and integrate commercial offerings, we have
increasingly enhanced our monetization efficiency. Our advertising
revenues maintained strong momentum in the second quarter, growing
30% year over year. In June, we successfully launched our first
strategy game San Guo: Mou Ding Tian Xia, attracting millions of
players and showcasing our operational capabilities beyond ACG. We
believe our enhanced commercialization capabilities will further
unlock the value of our community and position us well for
profitability and future growth. As we move ahead, we remain
dedicated to our founding vision: creating a platform for creators
to shine and bringing users content they love.”
Mr. Sam Fan, chief financial officer of
Bilibili, said, “We further strengthened our commercialization
capabilities in the second quarter, delivering accelerated
year-over-year revenue growth, continued margin expansion and
remarkable loss reduction. Total net revenues for the second
quarter increased by 16% year over year to RMB6.13 billion. Our
gross profit improved by 49% year over year, marking the eighth
consecutive quarter of gross profit margin expansion, which reached
29.9% compared with 23.1% in the same period last year. As a
result, our adjusted operating loss and adjusted net loss narrowed
meaningfully by 69% and 72%, respectively, both on a year-over-year
basis. Moreover, we generated RMB1.75 billion in operating cash
flow in the second quarter, and our deferred revenue balance at the
end of June 2024 also increased by RMB738 million compared with the
end of March 2024, driven by strong mobile games and advertising
performances. The solid progress in our financials has put us on
the right track toward profitability and paved the way for
sustainable growth in the future.”
Second Quarter 2024 Financial
Results
Total net revenues. Total net
revenues were RMB6.13 billion (US$843.1 million) in the second
quarter of 2024, representing an increase of 16% from the same
period of 2023.
Value-added services (VAS). Revenues from VAS
were RMB2.57 billion (US$353.1 million), representing an increase
of 11% from the same period of 2023, led by increases in the number
of paying users for premium membership, live broadcasting and other
value-added services.
Advertising. Revenues from advertising were
RMB2.04 billion (US$280.4 million), representing an increase of 30%
from the same period of 2023, mainly attributable to the Company’s
improved advertising product offerings and enhanced advertising
efficiency.
Mobile games. Revenues from mobile games were
RMB1.01 billion (US$138.6 million), representing an increase of 13%
from the same period of 2023, mainly due to the launch of the
Company’s new exclusively licensed games, including San Guo: Mou
Ding Tian Xia.
IP derivatives and others. Revenues from IP
derivatives and others were RMB516.4 million (US$71.1 million),
representing a decrease of 4% from the same period of 2023.
Cost of revenues. Cost of
revenues was RMB4.29 billion (US$590.9 million), representing an
increase of 5% from the same period of 2023. The increase was
mainly due to higher revenue-sharing costs and was partially offset
by lower content costs. Revenue-sharing costs, as a key component
of cost of revenues, were RMB2.49 billion (US$342.0 million),
representing an increase of 11% from the same period of 2023.
Gross profit. Gross profit was
RMB1.83 billion (US$252.3 million), representing an increase of 49%
from the same period of 2023, mainly attributed to the growth in
total net revenues while costs related to platform operations
remained relatively stable.
Total operating expenses. Total
operating expenses were RMB2.42 billion (US$332.8 million),
representing a decrease of 3% from the same period of 2023.
Sales and marketing expenses. Sales and
marketing expenses were RMB1.04 billion (US$142.5 million),
representing a 13% increase from the same period of 2023. The
increase was primarily attributable to increased marketing expenses
for new game launches.
General and administrative expenses. General and
administrative expenses were RMB488.0 million (US$67.2 million),
representing a 10% decrease from the same period of 2023. The
decrease was primarily attributable to a decrease in the headcount
of general and administrative personnel.
Research and development expenses. Research and
development expenses were RMB894.7 million (US$123.1 million),
representing a 15% decrease from the same period of 2023. The
decrease was mainly attributable to a decrease in the headcount of
research and development personnel.
Loss from operations. Loss from
operations was RMB585.1 million (US$80.5 million), narrowing by 54%
from the same period of 2023.
Adjusted loss from
operations1. Adjusted
loss from operations was RMB283.9 million (US$39.1 million),
narrowing by 69% from the same period of 2023.
Total other (expenses)/income,
net. Total other expenses were RMB29.2 million (US$4.0
million), compared with RMB246.6 million in the same period of
2023. The change was primarily attributable to a loss of RMB41.3
million on fair value change in investments in publicly traded
companies in the second quarter of 2024, compared with a loss of
RMB186.7 million in the same period of 2023.
Income tax (expense)/benefit.
Income tax benefit was RMB6.2 million (US$0.8 million), compared
with income tax expense of RMB23.9 million in the same period of
2023.
Net loss. Net loss was RMB608.1
million (US$83.7 million), narrowing by 61% from the same period of
2023.
Adjusted net
loss1. Adjusted net loss
was RMB271.0 million (US$37.3 million), narrowing by 72% from the
same period of 2023.
Basic and diluted EPS and adjusted basic
and diluted EPS1. Basic
and diluted net loss per share were RMB1.46 (US$0.20) each,
compared with RMB3.74 each in the same period of 2023. Adjusted
basic and diluted net loss per share were RMB0.65 (US$0.09) each,
compared with RMB2.33 each in the same period of 2023.
Net cash provided by operating
activities. Net cash provided by operating activities was
RMB1.75 billion (US$240.9 million), compared with net cash used in
operating activities of RMB21.2 million in the same period of
2023.
Cash and cash equivalents, time deposits
and short-term investments. As of June 30, 2024, the
Company had cash and cash equivalents, time deposits and short-term
investments of RMB13.91 billion (US$1.91 billion).
Convertible Senior Notes. As of
June 30, 2024, the aggregate outstanding principal amount of April
2026 Notes, 2027 Notes and December 2026 Notes was US$432.5 million
(RMB3.08 billion).
1 Adjusted loss from operations, 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 “Use of Non-GAAP Financial Measures” and the
table captioned “Unaudited Reconciliations of GAAP and Non-GAAP
Results.”
Conference Call
The Company’s management will host an earnings
conference call at 8:00 AM U.S. Eastern Time on August 22, 2024
(8:00 PM Beijing/Hong Kong Time on August 22, 2024). Details for
the conference call are as follows:
| Event
Title: |
Bilibili Inc.
Second Quarter 2024 Earnings Conference Call |
| Registration Link: |
https://register.vevent.com/register/BIe979e5cdf4c845e4949ba649f1d33fa5 |
| |
|
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 loss from operations, adjusted net loss, adjusted net loss
per share and per ADS, basic and diluted and adjusted net loss
attributable to the Bilibili Inc.’s shareholders 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, and gain/loss on
repurchase of convertible senior notes. 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
and therefore may not be comparable to similar measures presented
by other companies. 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 RMB
7.2672 to US$1.00, the exchange rate on June 28, 2024 set forth in
the H.10 statistical release of the Federal Reserve Board. The
Company makes no representation that the RMB or US$ 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 Communications Helen WuTel:
+86-10-6508-0677E-mail: bilibili@tpg-ir.com
In the United States:
Piacente Financial Communications Brandi
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, |
|
|
2023 |
|
2024 |
|
2024 |
|
2023 |
|
2024 |
|
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
|
|
|
|
|
|
|
|
|
|
|
Net revenues: |
|
|
|
|
|
|
|
|
|
|
Value-added services (VAS) |
2,301,741 |
|
|
2,528,909 |
|
|
2,565,888 |
|
|
4,457,965 |
|
|
5,094,797 |
|
|
Advertising |
1,572,840 |
|
|
1,668,584 |
|
|
2,037,491 |
|
|
2,844,644 |
|
|
3,706,075 |
|
|
Mobile games |
890,884 |
|
|
982,810 |
|
|
1,007,367 |
|
|
2,022,503 |
|
|
1,990,177 |
|
|
IP derivatives and others |
538,734 |
|
|
484,297 |
|
|
516,398 |
|
|
1,048,698 |
|
|
1,000,695 |
|
|
Total net revenues |
5,304,199 |
|
|
5,664,600 |
|
|
6,127,144 |
|
|
10,373,810 |
|
|
11,791,744 |
|
|
Cost of revenues |
(4,076,665 |
) |
|
(4,059,240 |
) |
|
(4,293,943 |
) |
|
(8,042,344 |
) |
|
(8,353,183 |
) |
|
Gross profit |
1,227,534 |
|
|
1,605,360 |
|
|
1,833,201 |
|
|
2,331,466 |
|
|
3,438,561 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
Sales and marketing expenses |
(918,197 |
) |
|
(927,059 |
) |
|
(1,035,596 |
) |
|
(1,798,383 |
) |
|
(1,962,655 |
) |
|
General and administrative expenses |
(539,699 |
) |
|
(531,777 |
) |
|
(488,039 |
) |
|
(1,111,394 |
) |
|
(1,019,816 |
) |
|
Research and development expenses |
(1,047,321 |
) |
|
(965,120 |
) |
|
(894,701 |
) |
|
(2,074,033 |
) |
|
(1,859,821 |
) |
|
Total operating expenses |
(2,505,217 |
) |
|
(2,423,956 |
) |
|
(2,418,336 |
) |
|
(4,983,810 |
) |
|
(4,842,292 |
) |
|
Loss from operations |
(1,277,683 |
) |
|
(818,596 |
) |
|
(585,135 |
) |
|
(2,652,344 |
) |
|
(1,403,731 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Other (expenses)/income: |
|
|
|
|
|
|
|
|
|
|
Investment (loss)/income, net (including impairments) |
(278,081 |
) |
|
(21,249 |
) |
|
(94,684 |
) |
|
8,321 |
|
|
(115,933 |
) |
|
Interest income |
152,026 |
|
|
133,207 |
|
|
100,344 |
|
|
298,300 |
|
|
233,551 |
|
|
Interest expense |
(47,976 |
) |
|
(31,574 |
) |
|
(19,809 |
) |
|
(105,682 |
) |
|
(51,383 |
) |
|
Exchange losses |
(8,840 |
) |
|
(58,060 |
) |
|
(15,275 |
) |
|
(16,552 |
) |
|
(73,335 |
) |
|
Debt extinguishment (loss)/gain |
(54,043 |
) |
|
(20,980 |
) |
|
- |
|
|
282,442 |
|
|
(20,980 |
) |
|
Others, net |
(9,677 |
) |
|
54,183 |
|
|
256 |
|
|
63,328 |
|
|
54,439 |
|
|
Total other (expenses)/income, net |
(246,591 |
) |
|
55,527 |
|
|
(29,168 |
) |
|
530,157 |
|
|
26,359 |
|
|
Loss before income tax |
(1,524,274 |
) |
|
(763,069 |
) |
|
(614,303 |
) |
|
(2,122,187 |
) |
|
(1,377,372 |
) |
|
Income tax (expense)/benefit |
(23,858 |
) |
|
(1,562 |
) |
|
6,154 |
|
|
(55,590 |
) |
|
4,592 |
|
|
Net loss |
(1,548,132 |
) |
|
(764,631 |
) |
|
(608,149 |
) |
|
(2,177,777 |
) |
|
(1,372,780 |
) |
|
Net loss/(income) attributable to noncontrolling interests |
1,425 |
|
|
16,086 |
|
|
(551 |
) |
|
3,384 |
|
|
15,535 |
|
| Net loss attributable
to the Bilibili Inc.’s shareholders |
(1,546,707 |
) |
|
(748,545 |
) |
|
(608,700 |
) |
|
(2,174,393 |
) |
|
(1,357,245 |
) |
| Net loss per share, basic |
(3.74 |
) |
|
(1.80 |
) |
|
(1.46 |
) |
|
(5.28 |
) |
|
(3.26 |
) |
| Net loss per ADS, basic |
(3.74 |
) |
|
(1.80 |
) |
|
(1.46 |
) |
|
(5.28 |
) |
|
(3.26 |
) |
| Net loss per share,
diluted |
(3.74 |
) |
|
(1.80 |
) |
|
(1.46 |
) |
|
(5.28 |
) |
|
(3.26 |
) |
| Net loss per ADS, diluted |
(3.74 |
) |
|
(1.80 |
) |
|
(1.46 |
) |
|
(5.28 |
) |
|
(3.26 |
) |
| Weighted average number of
ordinary shares, basic |
413,446,005 |
|
|
415,274,340 |
|
|
416,287,273 |
|
|
412,013,005 |
|
|
415,780,807 |
|
| Weighted average number of
ADS, basic |
413,446,005 |
|
|
415,274,340 |
|
|
416,287,273 |
|
|
412,013,005 |
|
|
415,780,807 |
|
| Weighted average number of
ordinary shares, diluted |
413,446,005 |
|
|
415,274,340 |
|
|
416,287,273 |
|
|
412,013,005 |
|
|
415,780,807 |
|
| Weighted average number of
ADS, diluted |
413,446,005 |
|
|
415,274,340 |
|
|
416,287,273 |
|
|
412,013,005 |
|
|
415,780,807 |
|
|
|
|
|
|
|
|
|
|
|
|
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, |
|
|
2023 |
|
2024 |
|
2024 |
|
2023 |
|
2024 |
|
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Share-based
compensation expenses included in: |
|
|
|
|
|
|
|
|
|
|
Cost of revenues |
17,440 |
|
13,677 |
|
18,370 |
|
29,902 |
|
32,047 |
|
Sales and marketing expenses |
14,662 |
|
12,560 |
|
13,361 |
|
29,166 |
|
25,921 |
|
General and administrative expenses |
153,597 |
|
157,824 |
|
139,032 |
|
291,213 |
|
296,856 |
|
Research and development expenses |
115,115 |
|
80,525 |
|
88,716 |
|
211,267 |
|
169,241 |
| Total |
300,814 |
|
264,586 |
|
259,479 |
|
561,548 |
|
524,065 |
|
|
|
BILIBILI INC.Unaudited Condensed
Consolidated Balance Sheets(All amounts in
thousands, except for share and per share data) |
|
|
|
|
December 31, |
|
June 30, |
|
|
2023 |
|
2024 |
|
|
RMB |
|
RMB |
|
|
|
|
|
|
Assets |
|
|
|
|
Current assets: |
|
|
|
|
Cash and cash equivalents |
7,191,821 |
|
3,732,504 |
|
|
Time deposits |
5,194,891 |
|
5,151,832 |
|
|
Restricted cash |
50,000 |
|
50,000 |
|
|
Accounts receivable, net |
1,573,900 |
|
1,605,884 |
|
|
Prepayments and other current assets |
2,063,362 |
|
1,929,941 |
|
|
Short-term investments |
2,653,065 |
|
5,027,593 |
|
|
Total current assets |
18,727,039 |
|
17,497,754 |
|
|
Non-current assets: |
|
|
|
|
Property and equipment, net |
714,734 |
|
703,578 |
|
|
Production cost, net |
2,066,066 |
|
1,945,917 |
|
|
Intangible assets, net |
3,627,533 |
|
3,425,849 |
|
|
Goodwill |
2,725,130 |
|
2,725,130 |
|
|
Long-term investments, net |
4,366,632 |
|
4,303,083 |
|
|
Other long-term assets |
931,933 |
|
717,182 |
|
|
Total non-current assets |
14,432,028 |
|
13,820,739 |
|
|
Total assets |
33,159,067 |
|
31,318,493 |
|
|
Liabilities |
|
|
|
|
Current liabilities: |
|
|
|
|
Accounts payable |
4,333,730 |
|
4,566,128 |
|
|
Salary and welfare payables |
1,219,355 |
|
1,165,433 |
|
|
Taxes payable |
345,250 |
|
311,821 |
|
|
Short-term loan and current portion of long-term debt |
7,455,753 |
|
4,846,173 |
|
|
Deferred revenue |
2,954,088 |
|
3,725,443 |
|
|
Accrued liabilities and other payables |
1,795,519 |
|
2,541,153 |
|
|
Total current liabilities |
18,103,695 |
|
17,156,151 |
|
|
Non-current liabilities: |
|
|
|
|
Long-term debt |
646 |
|
731 |
|
|
Other long-term liabilities |
650,459 |
|
579,908 |
|
|
Total non-current liabilities |
651,105 |
|
580,639 |
|
|
Total liabilities |
18,754,800 |
|
17,736,790 |
|
|
|
|
|
|
|
Total Bilibili Inc.’s shareholders’ equity |
14,391,900 |
|
13,584,871 |
|
|
Noncontrolling interests |
12,367 |
|
(3,168 |
) |
|
Total shareholders’ equity |
14,404,267 |
|
13,581,703 |
|
|
|
|
|
|
|
Total liabilities and shareholders’ equity |
33,159,067 |
|
31,318,493 |
|
|
|
|
|
|
|
BILIBILI INC.Unaudited Selected Condensed
Consolidated Cash Flows Data(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, |
|
|
|
2023 |
|
2024 |
|
2024 |
|
2023 |
|
2024 |
|
|
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in)/provided by operating
activities |
|
(21,181 |
) |
|
637,697 |
|
1,750,540 |
|
(651,158 |
) |
|
2,388,237 |
|
|
|
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, |
|
|
2023 |
|
2024 |
|
2024 |
|
2023 |
|
2024 |
|
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
RMB |
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations |
(1,277,683 |
) |
|
(818,596 |
) |
|
(585,135 |
) |
|
(2,652,344 |
) |
|
(1,403,731 |
) |
|
Add: |
|
|
|
|
|
|
|
|
|
|
Share-based compensation expenses |
300,814 |
|
|
264,586 |
|
|
259,479 |
|
|
561,548 |
|
|
524,065 |
|
| Amortization expense related
to intangible assets acquired through business acquisitions |
48,151 |
|
|
41,776 |
|
|
41,776 |
|
|
96,302 |
|
|
83,552 |
|
|
Adjusted loss from operations |
(928,718 |
) |
|
(512,234 |
) |
|
(283,880 |
) |
|
(1,994,494 |
) |
|
(796,114 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
(1,548,132 |
) |
|
(764,631 |
) |
|
(608,149 |
) |
|
(2,177,777 |
) |
|
(1,372,780 |
) |
|
Add: |
|
|
|
|
|
|
|
|
|
|
Share-based compensation expenses |
300,814 |
|
|
264,586 |
|
|
259,479 |
|
|
561,548 |
|
|
524,065 |
|
| Amortization expense related
to intangible assets acquired through business acquisitions |
48,151 |
|
|
41,776 |
|
|
41,776 |
|
|
96,302 |
|
|
83,552 |
|
| Income tax related to
intangible assets acquired through business acquisitions |
(5,625 |
) |
|
(5,407 |
) |
|
(5,407 |
) |
|
(11,250 |
) |
|
(10,814 |
) |
| Loss/(gain) on fair value
change in investments in publicly traded companies |
186,687 |
|
|
(13,186 |
) |
|
41,311 |
|
|
(181,233 |
) |
|
28,125 |
|
| Loss/(gain) on repurchase of
convertible senior notes |
54,043 |
|
|
20,980 |
|
|
- |
|
|
(282,442 |
) |
|
20,980 |
|
|
Adjusted net loss |
(964,062 |
) |
|
(455,882 |
) |
|
(270,990 |
) |
|
(1,994,852 |
) |
|
(726,872 |
) |
|
Net loss/(income) attributable to noncontrolling interests |
1,425 |
|
|
16,086 |
|
|
(551 |
) |
|
3,384 |
|
|
15,535 |
|
|
Adjusted net loss attributable to the Bilibili Inc.’s
shareholders |
(962,637 |
) |
|
(439,796 |
) |
|
(271,541 |
) |
|
(1,991,468 |
) |
|
(711,337 |
) |
|
Adjusted net loss per share, basic |
(2.33 |
) |
|
(1.06 |
) |
|
(0.65 |
) |
|
(4.83 |
) |
|
(1.71 |
) |
|
Adjusted net loss per ADS, basic |
(2.33 |
) |
|
(1.06 |
) |
|
(0.65 |
) |
|
(4.83 |
) |
|
(1.71 |
) |
|
Adjusted net loss per share, diluted |
(2.33 |
) |
|
(1.06 |
) |
|
(0.65 |
) |
|
(4.83 |
) |
|
(1.71 |
) |
|
Adjusted net loss per ADS, diluted |
(2.33 |
) |
|
(1.06 |
) |
|
(0.65 |
) |
|
(4.83 |
) |
|
(1.71 |
) |
|
Weighted average number of ordinary shares, basic |
413,446,005 |
|
|
415,274,340 |
|
|
416,287,273 |
|
|
412,013,005 |
|
|
415,780,807 |
|
|
Weighted average number of ADS, basic |
413,446,005 |
|
|
415,274,340 |
|
|
416,287,273 |
|
|
412,013,005 |
|
|
415,780,807 |
|
|
Weighted average number of ordinary shares, diluted |
413,446,005 |
|
|
415,274,340 |
|
|
416,287,273 |
|
|
412,013,005 |
|
|
415,780,807 |
|
|
Weighted average number of ADS, diluted |
413,446,005 |
|
|
415,274,340 |
|
|
416,287,273 |
|
|
412,013,005 |
|
|
415,780,807 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bilibili (NASDAQ:BILI)
過去 株価チャート
から 11 2024 まで 12 2024
Bilibili (NASDAQ:BILI)
過去 株価チャート
から 12 2023 まで 12 2024
