Bilibili's Strong Q4: Revenue and DAUs Surge

Bilibili Inc. reported a strong fiscal fourth quarter with revenues reaching $1.06 billion, marking a 22% year-over-year increase, driven by robust growth in mobile games and advertising sectors. The company's adjusted earnings per share were $0.15, surpassing the consensus estimate of $0.14, and its adjusted net profit was $61.9 million. Mobile games revenue soared by 79% year-over-year to $246.3 million, while advertising revenues rose 24% to $327.2 million. Bilibili's average daily active users increased to 103 million, with users spending an average of 99 minutes daily on the platform. Despite the positive earnings surprise and strong stock performance, Citi maintains a 'Neutral/High Risk' rating due to concerns over gaming momentum and valuation. Bilibili's Hong Kong shares have risen 18.2% year-to-date, while U.S. shares have gained 22.1%.