Bilibili Logs Narrower Attributable Net Loss in Q3

MT Newswires Live11-14

Bilibili (HKG:9626) recorded a net loss attributable to shareholders of 79.5 million yuan in the third quarter, narrower than the 1.35 billion yuan logged for the same period last year, a Thursday Hong Kong bourse filing said.

Net loss per share amounted to 0.19 yuan compared with a net loss of 3.26 yuan per share a year ago.

The online entertainment services provider's total net revenue for the reporting period rose by 26% to 7.31 billion yuan from 5.81 billion yuan a year ago.

The company attributed the increase in revenue to strong results from its exclusively licensed game, San Guo: Mou Ding Tian Xia, improved advertising product offerings and advertising efficiency, and an increase in revenues from live broadcasting and other value-added services.

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