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BUZZ-Bilibili falls after Q3 adjusted earnings miss

reuters11-15 01:45

BUZZ-Bilibili falls after Q3 adjusted earnings miss

** U.S.-listed shares of Bilibili BILI.O fall 13.2% to $18.46, hitting a near two-month low intraday

** The Chinese mobile gaming company reports Q3 adjusted EPS at RMB 0.57 ($0.0788), below estimates of RMB 0.61, according to data compiled by LSEG

** Cost of revenues for the third quarter came in at RMB 4.76 bln, up 9% from a year earlier, due to higher revenue-sharing costs — BILI

** Revenue-sharing costs, a key component of cost of revenues, were 19% up from a year earlier

** Q3 advertising revenue came in at RMB 2.09 bln, below estimates of RMB 2.12 bln

** BILI announced it "may repurchase up to US $200 million of its publicly traded securities for the next 24 months"

** Including session's move BILI up ~52% YTD

** Broadly, U.S.-listed shares of Chinese companies slide, extending previous session's losses following hardliner Marco Rubio's nomination as U.S. Secretary of State on Weds

** Alibaba BABA.N down 1.63% and JD.com JD.O falls 3.68%

** EV firms Nio NIO.N down 3.25% and Xpeng XPEV.N slides 5.32%

($1 = 7.2272 Chinese yuan renminbi)

(Reporting by Ragini Mathur)

((Ragini.Mathur@thomsonreuters.com))

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