Why Bilibili Stock Jumped on Thursday

Shares of Bilibili (NASDAQ: BILI) are surging today thanks to a great third-quarter earnings report. As of 11:30 a.m. EST, the China-based video-sharing company's stock was trading 19.4% higher.

Bilibili's third-quarter net revenue rose 83% year over year, landing at $475 million. The company reported an adjusted net loss of $0.41 per American depositary share (ADS), up from $0.15 per share in the year-ago period. The Street consensus pointed to a net loss of $0.37 per ADS on sales near $466 million. Investors shrugged off the small bottom-line miss to focus on exceptional revenue growth instead.

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Source Fool.com