Jinwu Financial News | Bilibili (09626) announced that for the year ended December 31, 2023, it recorded a net loss of 4.822 billion yuan (RMB, same below) attributable to the company's shareholders, a year-on-year decrease of 35.68%. The basic loss per share was $11.67, and the board of directors did not recommend an annual dividend for the financial year ended 31 December 2023.
During the period, net turnover was recorded at $22.528 billion, an increase of 2.87% over the previous year.
In 2023, the company's advertising revenue was 6.4 billion yuan, an increase of 27% over 2022. Performance advertising revenue grew strongly, with a year-on-year increase of more than 50%, becoming an important driving force for overall advertising revenue growth. Revenue from brand advertising and fireworks advertising services also increased year over year.
In 2023, mobile game revenue totaled 4 billion yuan, down 20% from 2022, mainly due to a lack of new game launches and a decrease in revenue contributions from several games. The turnover of the best-performing old games, such as “Azure Line” and “Destiny - Title Designation”, remained relatively stable.
In 2023, mainly driven by live streaming revenue, value-added service revenue reached 9.9 billion yuan, an increase of 14% over 2022. The average daily usage time of users on the company's platform is 97 minutes. The total number of monthly user interactions was about 15.1 billion, an increase of 14% over the previous year. By the end of 2023, the number of regular members of the company had increased to 230 million, an increase of 18% over the previous year, and its 12-month retention rate remained steady at around 80%.
During the period, gross profit was recorded at 5.442 billion yuan, up 41.37% year on year, driving gross margin to 24.2%, up 6.6 percentage points year on year. Higher gross profit margins contribute more to advertising revenue and strict cost controls drive growth.
On the business side, in 2023, the average number of daily active users on the Bilibili Community Platform exceeded 98 million, and the number of monthly active users reached 329 million, an increase of 14% and 5%, respectively. It's clear that users continue to love the company's diverse and ever-growing content. In 2023, the average daily usage time of a single active user on the company's app reached close to 97 minutes, and the total usage time of users on the company's platform increased 17% compared to last year. The average daily video playback volume of story mode increased by more than 49% year on year, and video playback volume of PUGV content increased by 18% year on year, driving the company's overall average daily video views to 4.3 billion in 2023, an increase of 25% year over year.