Goldman Sachs Maintains Buy Rating on BILIBILI-W with Strong Q4 Performance

Stock News03-09 10:15

Goldman Sachs has issued a research report reiterating a "Buy" rating for BILIBILI-W (09626), with a target price of HK$266 for its Hong Kong-listed shares and US$34.2 for its U.S.-listed shares (BILI). The company's fourth-quarter results for last year exceeded expectations, with revenue reaching RMB 8.3 billion, an 8% year-on-year increase, surpassing both the bank's and market forecasts by 2%. Regarding the outlook for 2026, the report noted that BILIBILI's management remains optimistic about healthy user growth and increased user engagement, expressing confidence in advertising revenue growth. The first quarter of 2026 has already shown a solid start. Benefits from annual AI budget investments, improvements in ad conversion rates, and optimization of the recommendation system are expected to continue unfolding. New games, "Three Kingdoms: Hundred Generals" and "Shine! Lumi," scheduled for release mid-year, are anticipated to contribute to gaming revenue growth in the second half of 2026. Management also mentioned potential AI-related investments this year ranging from RMB 500 million to RMB 1 billion. The bank believes the company will benefit from the adoption of AI technology and AIGC content, thereby enriching its platform ecosystem.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1195935912?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-09 10:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1195935912","market":"us","top_or_hot":-1,"title":"Goldman Sachs Maintains Buy Rating on BILIBILI-W with Strong Q4 Performance","media":"Stock News","content":"<p>Goldman Sachs has issued a research report reiterating a \"Buy\" rating for BILIBILI-W (09626), with a target price of HK$266 for its Hong Kong-listed shares and US$34.2 for its U.S.-listed shares (BILI). The company's fourth-quarter results for last year exceeded expectations, with revenue reaching RMB 8.3 billion, an 8% year-on-year increase, surpassing both the bank's and market forecasts by 2%. Regarding the outlook for 2026, the report noted that BILIBILI's management remains optimistic about healthy user growth and increased user engagement, expressing confidence in advertising revenue growth. The first quarter of 2026 has already shown a solid start. Benefits from annual AI budget investments, improvements in ad conversion rates, and optimization of the recommendation system are expected to continue unfolding. New games, \"Three Kingdoms: Hundred Generals\" and \"Shine! Lumi,\" scheduled for release mid-year, are anticipated to contribute to gaming revenue growth in the second half of 2026. Management also mentioned potential AI-related investments this year ranging from RMB 500 million to RMB 1 billion. The bank believes the company will benefit from the adoption of AI technology and AIGC content, thereby enriching its platform ecosystem.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Maintains Buy Rating on BILIBILI-W with Strong Q4 Performance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Maintains Buy Rating on BILIBILI-W with Strong Q4 Performance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-03-09 10:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Goldman Sachs has issued a research report reiterating a \"Buy\" rating for BILIBILI-W (09626), with a target price of HK$266 for its Hong Kong-listed shares and US$34.2 for its U.S.-listed shares (BILI). The company's fourth-quarter results for last year exceeded expectations, with revenue reaching RMB 8.3 billion, an 8% year-on-year increase, surpassing both the bank's and market forecasts by 2%. Regarding the outlook for 2026, the report noted that BILIBILI's management remains optimistic about healthy user growth and increased user engagement, expressing confidence in advertising revenue growth. The first quarter of 2026 has already shown a solid start. Benefits from annual AI budget investments, improvements in ad conversion rates, and optimization of the recommendation system are expected to continue unfolding. New games, \"Three Kingdoms: Hundred Generals\" and \"Shine! Lumi,\" scheduled for release mid-year, are anticipated to contribute to gaming revenue growth in the second half of 2026. Management also mentioned potential AI-related investments this year ranging from RMB 500 million to RMB 1 billion. The bank believes the company will benefit from the adoption of AI technology and AIGC content, thereby enriching its platform ecosystem.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4509","symbol_name":"腾讯概念","start_time":0,"source_url":"","article_id":"1195935912","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195935912","pubTimestamp":1773022525,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Goldman Sachs has issued a research report reiterating a \"Buy\" rating for BILIBILI-W (09626), with a target price of HK$266 for its Hong Kong-listed shares and US$34.2 for its U.S.-listed shares...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4509":"腾讯概念","BK1588":"回港中概股","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","SG9999001051.SGD":"United Asia Fund SGD","BK4510":"在线教育","BK1608":"元宇宙概念","BK1095":"互动媒体与服务","BK4554":"元宇宙及AR概念","BK1575":"同股不同权","BK1615":"港股-互联网","BK1104":"互动家庭娱乐","BILI":"哔哩哔哩","BK4077":"互动媒体与服务","BK4531":"中概回港概念","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","BK4585":"ETF&股票定投概念","BK4526":"热门中概股","09626":"哔哩哔哩-W","BK1587":"次新股","BK4563":"昨日强势股","BK4503":"景林资产持仓","BK4513":"直播概念","BK4566":"资本集团","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","BK4505":"高瓴资本持仓","BK4577":"网络游戏","BK4504":"桥水持仓","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","BK4085":"互动家庭娱乐","SG9999006597.SGD":"United China-India Dynamic Growth SGD","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","BK4588":"碎股","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","BK4548":"巴美列捷福持仓","SG9999001093.SGD":"United Greater China Fund A Acc SGD","BK1618":"Manus概念股","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC"},"translate_title":"高盛维持哔哩哔哩-W买入评级，第四季度业绩强劲","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09626":1,"BILI":1},"content_text":"Goldman Sachs has issued a research report reiterating a \"Buy\" rating for BILIBILI-W (09626), with a target price of HK$266 for its Hong Kong-listed shares and US$34.2 for its U.S.-listed shares (BILI). The company's fourth-quarter results for last year exceeded expectations, with revenue reaching RMB 8.3 billion, an 8% year-on-year increase, surpassing both the bank's and market forecasts by 2%. Regarding the outlook for 2026, the report noted that BILIBILI's management remains optimistic about healthy user growth and increased user engagement, expressing confidence in advertising revenue growth. The first quarter of 2026 has already shown a solid start. Benefits from annual AI budget investments, improvements in ad conversion rates, and optimization of the recommendation system are expected to continue unfolding. New games, \"Three Kingdoms: Hundred Generals\" and \"Shine! Lumi,\" scheduled for release mid-year, are anticipated to contribute to gaming revenue growth in the second half of 2026. Management also mentioned potential AI-related investments this year ranging from RMB 500 million to RMB 1 billion. The bank believes the company will benefit from the adoption of AI technology and AIGC content, thereby enriching its platform ecosystem.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1195935912","isCrawlerRequest":true}