Bilibili's Fourth-Quarter Revenue Rose on Stronger Livestreaming, Ads

By Jiahui Huang

Bilibili's revenue in the latest quarter rose as higher advertising and livestreaming revenue offset a drop in mobile-game sales.

The Chinese video-streaming company said Thursday that total net revenue for the fourth quarter rose 3.4% from a year earlier to 6.35 billion yuan ($882.2 million). That matched a consensus estimate in a FactSet poll of analysts and marked an expansion from third-quarter revenue.

Quarterly net loss was CNY1.30 billion, narrowing from CNY1.49 billion in the year-ago period, helped by lower operating expenses. The bottom line missed a FactSet estimate for net loss of CNY1.24 billion.

Adjusted net loss, which excludes share-based compensation expenses and fair-value changes in some investments, among other items, was CNY555.6 million in the quarter, beating an estimate for adjusted net loss of CNY583.8 million.

Write to Jiahui Huang at jiahui.huang@wsj.com

(END) Dow Jones Newswires

March 07, 2024 05:38 ET (10:38 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.