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Mar 31
Bilibili Q1 2025 Earnings Report
Bilibili reported strong revenue growth and significantly narrowed its net loss in Q1 2025.
Key Takeaways
Bilibili posted $965.1M in revenue, driven by mobile games and advertising. Net loss was nearly eliminated, while adjusted EPS turned positive. Gross margin rose significantly as monetization efficiency improved.
Revenue grew to $965.1M, up from $778M last quarter
Net loss narrowed sharply to $1.5M
Adjusted EPS turned positive at $0.12
Mobile games revenue surged to $238.6M
Bilibili
Bilibili
Bilibili Revenue by Segment
Bilibili Revenue by Geographic Location
Revenue by Segment
Value-Added Services Revenue
CapyFin.comAdvertising Revenue
CapyFin.comMobile Games Revenue
CapyFin.comIP Derivatives & Others Revenue
CapyFin.comRevenue by Geographic Location
China Revenue
CapyFin.com Forward Guidance
Management aims to continue revenue growth through improved monetization, while maintaining profitability and scaling high-margin businesses.
Positive Outlook
- Momentum in advertising and gaming expected to continue
- User engagement and paying user metrics at record levels
- Gross margin improvements likely to persist
- Strong operating cash flow generation
- Platform seen as well-positioned for long-term growth
Challenges Ahead
- Losses from investments and FX remain a concern
- Advertising revenue subject to macroeconomic shifts
- High marketing expenses for partnerships may recur
- Competition in mobile gaming could pressure growth
- Content costs and platform investments may increase
Revenue & Expenses
Visualization of income flow from segment revenue to net income