12:45 PM EDT, 06/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We initiate coverage on Bilibili Inc. ( BILI ) with a Hold recommendation. Our 12-month target price of USD18 reflects a 1.9x 2025 P/Revenue, below the five-year mean of 2.2x due to China sentiment concerns from trade tensions. We start our 2025 and 2026 EPS forecasts at CNY4.00 and CNY7.93, respectively. Bilibili ( BILI ) delivered strong Q1 2025 results with a 24% Y/Y revenue growth to CNY7B, driven by 76% growth in mobile games and 20% growth in advertising. It also reported its first quarterly profit in Q4 2024 and narrowed Q1 net loss to CNY10.7M (99% improvement Y/Y), positioning it for full-year profitability in 2025. We believe Bilibili's ( BILI ) unique platform with 264M members and successful rollout of exclusive game San Guo will drive future earnings growth and management expects continued momentum from four to five games awaiting approval and strong Gen Z user engagement. We forecast 12.5% revenue growth to CNY30.2B in 2025 with 5.5% net margin, supported by high-margin gaming expansion and improved cost efficiency.