- Bilibili (NASDAQ:BILI) has turned lower after hours, down 4.4%, after its Q3 earnings showed a beat on revenues that grew 48% Y/Y but amid sharply higher costs for personnel and marketing to feed growth.
- Adjusted net loss was substantially wider -- to 202.7M yuan (about $29.5M) from a loss of 2.9M yuan -- but EPS of -0.10 was in line with expectations.
- Revenues were 1.079B yuan (about $157.1M); revenues from mobile games rose to 744M yuan, up 24%, due to more paying users.
- Meanwhile, revenues from live broadcasting and value-added services rose 292% to 169.4M yuan; advertising revenues rose 179% to 137.3M (NYSE:MMM) yuan; and other revenues fell 20% to 28.1M yuan.
- In operating metrics, average monthly active users hit 92.7M (up 25%) and mobile MAUs were 80M (up 33%).
- Average monthly paying users rose 202% to 3.5M; average MPUs for mobile games rose 23%, to 0.9M.
- For Q4, it's guiding to revenues of 1.04B-1.08B yuan.
- Conference call to come at 8 p.m. ET.
- Previously: Bilibili EPS in-line, beats on revenue (Nov. 20 2018)
- Press release
Original article