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Research Alert: CFRA Maintains Hold Opinion On Adss Of Bilibili Inc.
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Research Alert: CFRA Maintains Hold Opinion On Adss Of Bilibili Inc.
Jul 30, 2025 5:59 AM

08:35 AM EDT, 07/30/2025 (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 maintain our Hold opinion on Bilibili Inc. ( BILI ) and lift our target price to USD25 from USD18 on 2025 P/Revenue of 2.3x, reflecting better sentiment towards China tech companies. Bilibili ( BILI ) reported strong Q1 2025 revenue growth of 24% Y/Y to CNY7B, supported by 76% growth in mobile games and 20% growth in advertising revenue. Daily average users reached 107M versus 102M in Q1 2024, with average daily time spent hitting a record 108 minutes, while monthly paying users reached an all-time high of 32M. We believe Bilibili's ( BILI ) unique platform with 264M official members and the successful rollout of the exclusive game San Guo provides growth momentum, though weaker China GDP performance could negatively impact advertising revenue growth in H2 2025, as advertising accounts for 30% of total revenue. We forecast Bilibili ( BILI ) to turn profitable in 2025 with a net margin of 5.5%, maintaining our 2025 EPS forecast at CNY4.00 and 2026 at CNY7.93, owing to high-margin mobile gaming growth and improved cost efficiency.

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