BILIBILI's ADR Tumbles 12%+

$Bilibili(BILI.US)$ fell 12.4% overnight to close at US$13.74, hitting a low of US$13.51, down 13.8% during trading.

For Q1 2024, turnover rose 12% YoY to RMB5.665 billion. The loss widened to RMB749 million from RMB628 million last year, with LPS at RMB1.8. The non-GAAP adjusted net loss narrowed to RMB440 million from RMB1.029 billion, with an adjusted LPS of RMB1.06.