Hot stock to watch: Bilibili Inc – ADR (NASDAQ: BILI)

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Bilibili Inc – ADR (NASDAQ: BILI) stock rose over 4.7% on 19th November, 2019 pre market session as the company posted decent results for the third quarter of FY 19. The company had reported the adjusted revenue growth of 72 percent to $260.08 million in the third quarter of FY 19, beating the analysts’ estimates for revenue by 5.03%. In the third quarter, the company has added 17.5 million MAUs to the platform sequentially, which is the highest quarterly net add ever, bringing the total MAUs to 127.9 million, up 38% from the same period last year. The growth rate for the mobile MAU even more accelerated reaching 114.2 million in the third quarter, which is up 43% year-on-year. The total DAUs were up 40% in the third quarter and the average monthly paying users reached 7.9 million. BILI in the third quarter of FY 19 has reported the adjusted loss per share of 15 cents.

 

The adjusted net loss, has increased to RMB343.1 million (US$48.0 million), compared to RMB202.7 million in the same period of 2018. At the end of September, 2019, the Company had generated cash and cash equivalents, time deposits, as well as short-term investments of RMB8.4 billion (US$1,174.4 million), compared to RMB5.2 billion as of December 31, 2018.

The revenues from mobile games grew 25% to RMB933.1 million (US$130.6 million), versus the same period of 2018, mainly due to the increasing popularity of both existing and newly launched mobile games. The revenues from live broadcasting and VAS rose by 167% to RMB452.5 million (US$63.3 million), from the same period of 2018, mainly due to the Company’s enhanced monetization efforts, led by increases in the number of paying users for live broadcasting services, the Company’s premium membership program and other VAS. The revenues from advertising increased by 80% to RMB247.2 million (US$34.6 million) from the same period of 2018, mainly due to the ramp-up of brand advertising and performance-based advertising, driven by further recognition of Bilibili’s brand name in China’s online advertising market.

The revenues from e-commerce and others rose by 703% to RMB226.1 million (US$31.6 million), from the same period of 2018, mainly on the back of the increase in sales of products through the Company’s e-commerce platform.

For the fourth quarter of 2019, the Company expects net revenues to be in the range of RMB1.93 billion and RMB1.98 billion.

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