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