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Earnings Call Summary | Bilibili(BILI.US) Q1 2024 Earnings Conference

moomoo AI ·  May 23 16:37  · Conference Call

The following is a summary of the Bilibili Inc. (BILI) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Bilibili reported an increased total revenue for Q1 2024 of RMB5.7 billion, up 12% year-over-year.

  • Notable 45% year-over-year increase in gross profit resulted in a gross profit margin of 28.3%.

  • Adjusted operating and net losses narrowed by 52% and 56% year-over-year respectively.

  • Bilibili generated RMB638 million in operating cash flow during the first quarter.

  • The company expects the gross profit margin to further improve and reach 30% by Q3.

Business Progress:

  • Bilibili reported significant growth in user engagement with a 9% growth in Daily Active Users (DAUs) and 8% growth in Monthly Active Users (MAUs).

  • The average daily time spent on the platform by a DAU hit a record 105 minutes.

  • They plan to launch a new game, 'San Guo: Mou Ding Tian Xia', in June.

  • The platform has become a major forum for AI-related discussions in China.

  • Sales from community-based content contributed to a significant portion of revenue in Q1.

More details: Bilibili IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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