Bilibili Posts Its Strongest Revenue Growth in Five Quarters
Shares of Bilibili (NASDAQ: BILI) recently rose after the Chinese digital media platform posted its third-quarter earnings. Its revenue surged 72% annually to 1.86 billion yuan ($260 million), marking its strongest growth in five quarters and beating expectations by $9 million.
Its net loss widened from 246.1 million yuan to 405.7 million yuan ($56.8 million), or $0.17 per ADS -- which still beat expectations by a penny. On a non-GAAP basis, which excludes share-based compensation and amortization expenses, its net loss widened from 202.7 million yuan to 343.1 million yuan ($48 million).
Image source: Bilibili.
Source Fool.com
