Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Bilibili Stock a Buy?

TheMotleyFool

0 0

Bilibili's (NASDAQ: BILI) stock plunged 17% on Nov. 18 after the Chinese tech company posted its third-quarter earnings.

Its revenue rose 61% year over year to 5.21 billion yuan ($808 million), which beat estimates by nearly $3 million. Its adjusted net loss widened from 967 million yuan to 1.62 billion yuan, or $0.65 per share, but still topped expectations by $0.02.

Bilibili expects its revenue to rise 48% to 51% year over year in the fourth quarter, which matches analysts' estimates and implies its full-year revenue will increase 61% to 62%. However, the company also proposed a new offering of $1.4 billion in convertible senior notes, which will mature in 2026.

Source Fool.com

Like: 0

BILI

Share