Bilibili: Financial Report Q2’21
This week, Bilibili released its financial report for Q2’21 as of March 31. The report result is overall mixed.
Revenue growth was relatively positive, other business revenues aside from game revenue have increased by varying degrees; however, the net loss has increased by 96.5% year-on-year, the game business revenue has no growth, and the proportion of total revenue is further reduced.
According to the Bilibili Q2’21 financial report, the total net revenue was $696.2 million USD, an increase of 72% compared with the same period last year, and a net loss of $173.7 million USD.
The net loss for the same period of the year was $87.6 million USD, an increase of 96.5% year-on-year. Not in accordance with the US GAAP, the adjusted net loss was $132.9 million USD, while the adjusted net loss in the same period last year was $72.3 million USD.
Although Bilibili’s revenue and adjusted diluted loss per share for this quarter were better than previous expectations, US stocks still fell 4.66% at the opening.
Rui Chen, CEO of Bilibili, said that in 2021, aside from continuing enhancing knowledge content and pan-life categories, it will further expand the contents of the emotional category, the automotive category, animal categories, and fitness and health categories to meet the interests and preferences of the current younger generation.
