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Bilibili's (BILI) Q3 Loss Narrows, Revenues Increase Y/Y
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Bilibili Inc. (BILI - Free Report) incurred adjusted loss of 10 cents per share in third-quarter fiscal 2018. However, the loss narrowed to RMB0.72 from the year ago quarter’s loss of RMB1.03.
Revenues in the quarter totaled $157.1 million, up 48% year over year.
The Zacks Consensus Estimate for third-quarter earnings and revenues was pegged at breakeven and $147 million, respectively.
Addition of premium and diverse content through partnerships helped Bilibili to attract new users and drive overall business growth.
Quarter Details
Segment wise, Mobile games revenues (69% of total revenues) increased 24% year over year to $108.3 million, primarily owing to increase in number of paying users for mobile games. Additionally, average monthly paying users for mobile games rose 23% year over year to 0.9 million and mobile MAUs increased 33% year over year to 80 million.
Live broadcasting and VAS revenues (15.7% of total revenues) surged 292% year over year to $24.7 million. The upside was mainly driven by increase in number of paying users for live broadcasting services and premium membership program.
Advertising revenues (12.7% of total revenues) also surged 179% year over year to $20 million, attributable to increase in revenues from performance-based advertising and brand advertising.
However, others revenues (2.6% of total revenues) decreased 20% year over year to $4.1 million, mainly due to the spinoff of Bilibili’s offline events business in the year-ago quarter. This downturn was offset by rise in product sales on Bilibili’s e-commerce platform.
Average monthly paying users surged 202% year over year to 3.5 million. Also, average monthly active users (MAUs) increased 25% year over year to 92.7 million. Moreover, time spent by daily active users (DAUs) improved to 85 minutes from 75 minutes in the prior-year quarter.
Bilibili Inc. Sponsored ADR Price, Consensus and EPS Surprise
Selling and marketing expenses surged 163% year over year to $28.7 million. The improvement was primarily backed by rise in promotional and channel, and marketing expenses and increase in selling and marketing personnel headcount.
General and administrative expenses were up 93% year over year to $16.1 million mainly attributable to increase in share based compensation expenses and headcount.
Research and development expenses increased 96% year over year to $21.3 million primarily due to increase in headcount.
Operating expenses surged 120% year over year to $66.1 million.
Recent Announcements
On Oct 3, 2018, Tencent Holding (TCEHY - Free Report) bought Bilibili’s Class Z ordinary shares worth US$317.6 million. Currently, Tencent holds 12% of the company’s total issued shares.
Additionally, this October, Bilibili and Tencent extended their partnership in anime projects. They will also jointly operate more Tencent games going forward.
Zacks Rank & Stocks to Consider
Bilibili currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Himax Technologies, Inc. (HIMX - Free Report) and Ubiquiti Networks, Inc. , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Himax Technologies and Ubiquiti Networks is projected to be 25% and 14%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Bilibili's (BILI) Q3 Loss Narrows, Revenues Increase Y/Y
Bilibili Inc. (BILI - Free Report) incurred adjusted loss of 10 cents per share in third-quarter fiscal 2018. However, the loss narrowed to RMB0.72 from the year ago quarter’s loss of RMB1.03.
Revenues in the quarter totaled $157.1 million, up 48% year over year.
The Zacks Consensus Estimate for third-quarter earnings and revenues was pegged at breakeven and $147 million, respectively.
Addition of premium and diverse content through partnerships helped Bilibili to attract new users and drive overall business growth.
Quarter Details
Segment wise, Mobile games revenues (69% of total revenues) increased 24% year over year to $108.3 million, primarily owing to increase in number of paying users for mobile games. Additionally, average monthly paying users for mobile games rose 23% year over year to 0.9 million and mobile MAUs increased 33% year over year to 80 million.
Live broadcasting and VAS revenues (15.7% of total revenues) surged 292% year over year to $24.7 million. The upside was mainly driven by increase in number of paying users for live broadcasting services and premium membership program.
Advertising revenues (12.7% of total revenues) also surged 179% year over year to $20 million, attributable to increase in revenues from performance-based advertising and brand advertising.
However, others revenues (2.6% of total revenues) decreased 20% year over year to $4.1 million, mainly due to the spinoff of Bilibili’s offline events business in the year-ago quarter. This downturn was offset by rise in product sales on Bilibili’s e-commerce platform.
Average monthly paying users surged 202% year over year to 3.5 million. Also, average monthly active users (MAUs) increased 25% year over year to 92.7 million. Moreover, time spent by daily active users (DAUs) improved to 85 minutes from 75 minutes in the prior-year quarter.
Bilibili Inc. Sponsored ADR Price, Consensus and EPS Surprise
Bilibili Inc. Sponsored ADR Price, Consensus and EPS Surprise | Bilibili Inc. Sponsored ADR Quote
Operating Details
Selling and marketing expenses surged 163% year over year to $28.7 million. The improvement was primarily backed by rise in promotional and channel, and marketing expenses and increase in selling and marketing personnel headcount.
General and administrative expenses were up 93% year over year to $16.1 million mainly attributable to increase in share based compensation expenses and headcount.
Research and development expenses increased 96% year over year to $21.3 million primarily due to increase in headcount.
Operating expenses surged 120% year over year to $66.1 million.
Recent Announcements
On Oct 3, 2018, Tencent Holding (TCEHY - Free Report) bought Bilibili’s Class Z ordinary shares worth US$317.6 million. Currently, Tencent holds 12% of the company’s total issued shares.
Additionally, this October, Bilibili and Tencent extended their partnership in anime projects. They will also jointly operate more Tencent games going forward.
Zacks Rank & Stocks to Consider
Bilibili currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Himax Technologies, Inc. (HIMX - Free Report) and Ubiquiti Networks, Inc. , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Himax Technologies and Ubiquiti Networks is projected to be 25% and 14%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>