05:00 AM EDT, 09/17/2025 (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:

Bilibili ( BILI ) posted strong H1 2025 results with revenue growing 21.6% Y/Y to CNY14.34B, supported by 68% growth in mobile games and 20% growth in advertising revenue to CNY4.45B, marking its first interim profit. User metrics remained robust with DAUs reaching 109M in June (+7% Y/Y) and average daily time spent steady at 105 minutes (+6% Y/Y), supported by 270M official members (+11% Y/Y). We believe Bilibili's ( BILI ) focus on Gen Z+ users (70% of its user base, average age 26) and the successful rollout of exclusive game San Guo will sustain growth momentum, while AI integration in advertising provides additional growth opportunities. We expect continued profitability with mid-single-digit net margins in H2 2025. We maintain our Hold opinion and lift our target price to USD32 (from USD25) on a 2025 P/Revenue of 2.87x, reflecting renewed confidence in Bilibili's ( BILI ) financial turnaround and strong H1 performance, while maintaining our earnings per ADS forecast at CNY4.00 for 2025 and CNY7.93 for 2026.