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ctanya
2022-06-09

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Bilibili Shares Plunge 11% on Bigger-than-expected Q1 Loss

The company posted a net loss of 2.28 billion yuan, compared with a loss of 904.9 million yuan a year earlier.

Bilibili Shares Plunge 11% on Bigger-than-expected Q1 Loss

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hiryan
·2022-06-09
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Per-share loss widened to CNY5.80, or 91 U.S. cents per ADR, compared with CNY2.54 a year earlier.</p><p>Stripping out one-time items, the company&#39;s adjusted loss was 66 cents a share. Analysts surveyed by FactSet had been expecting adjusted earnings of 61 cents a share.</p><p>Total net revenue for the quarter rose 30% to $797.3 million, or CNY5.05 billion. Analysts surveyed by FactSet had been looking for sales of $759.8 million.</p><p>Bilibili also forecast that current-quarter revenue will fall sequentially from the first quarter. The company said it expects net revenue for the second quarter to come in between CNY4.85 billion and CNY4.95 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BILI":"哔哩哔哩"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100670599","content_text":"Bilibili Shares Plunge 11% on Bigger-than-expected Q1 Loss.The company posted a net loss of 2.28 billion yuan, compared with a loss of 904.9 million yuan a year earlier.Bilibili Inc. dropped in morning trading after the Chinese e-commerce and gaming company reported first-quarter results.The company posted a net loss of 2.28 billion yuan, or around $360 million, compared with a loss of CNY904.9 million a year earlier. Per-share loss widened to CNY5.80, or 91 U.S. cents per ADR, compared with CNY2.54 a year earlier.Stripping out one-time items, the company's adjusted loss was 66 cents a share. 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