Bilibili Tumbled Nearly 7% in Premarket Trading After Posting Its Financial Results

Tiger Newspress2023-03-02

Bilibili Inc. tumbled nearly 7% in premarket trading after posting its financial results.

Total net revenues were RMB6.1 billion (US$890.6 million) in the fourth quarter of 2022, representing an increase of 6% from the same period in 2021. Total net revenues were RMB21.9 billion (US$3.2 billion) in 2022, compared with RMB19.4 billion in the prior year.

Net loss was RMB1.5 billion (US$217.1 million) in the fourth quarter of 2022, narrowed by 29% from the same period in 2021. Net loss was RMB7.5 billion (US$1.1 billion) in 2022, compared with RMB6.8 billion in the prior year.

Adjusted net loss was RMB1.3 billion (US$190.6 million) in the fourth quarter of 2022, narrowed by 21% from the same period in 2021. Adjusted net loss was RMB6.7 billion (US$971.8 million) in 2022, compared with RMB5.5 billion in the prior year.

Average daily active users (DAUs)reached 92.8 million in the fourth quarter of 2022, a 29% increase from the same period in 2021.

Average monthly active users (MAUs)reached 326.0 million in the fourth quarter of 2022, a 20% increase from the same period in 2021.

Average monthly paying users (MPUs3)reached 28.1 million in the fourth quarter of 2022, a 15% increase from the same period in 2021.

For the full year of 2023, the company currently expects net revenues to be between RMB24.0 billion and RMB26.0 billion.

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Comments

Ratt
2023-03-02
Ratt
Usa has dropped every, cut costing, job cuts, it's going to be a long drive to start seeing green

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