Overview

* Bilibili ( BILI ) Q3 revenue grows 5% yr/yr to RMB7.69 bln

* Net profit for Q3 reaches RMB469.4 mln, reversing a loss from last year

* Adjusted net profit surges 233% yr/yr to RMB786.3 mln

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* ADVERTISING REVENUE - Advertising revenues increased by 23% yr/yr, driven by improved product offerings and efficiency

* GROSS PROFIT INCREASE - Gross profit rose by 11% yr/yr due to revenue growth and stable platform operation costs

* MOBILE GAMES DECLINE - Mobile games revenue fell 17% yr/yr due to high prior-year comparison baseline

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 RMB 7.69

Revenue bln

Q3 Net RMB

Income 829,000

Q3 Basic RMB 1.13

EPS

Q3 Gross RMB 2.82

Profit bln

Q3 RMB

Income 353.95

From mln

Operatio

ns

Q3 RMB

Pretax 454.64

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for Bilibili Inc ( BILI ) is HK$234.00, about 9.1% above its November 13 closing price of HK$212.80

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)