Bilibili's Q1 2021: Both Revenue and Net Loss Increase by 68%

Communication Author: 王乙淇 Editor: 张宇喆 May 13, 2021 07:05 PM (GMT+8)

On May 13, the Chinese video-sharing platform, Bilibili, released its first unaudited financial report after the secondary listing in Hong Kong Stock Exchange. Affected by the news, its stock price in NASDAQ rose 2.99% to USD 9.67 in pre-market trading.

BiliBili B station

  • Total revenue reached CNY 3.901 billion, with a year-on-year increase of 68%.

  • Gross profit achieved CNY 938 million, up 77% over the same period last year.

  • Net loss accelerates continuously, up 68.78% to CNY 905 million, compared with Q1 2020.

  • In terms of users, the company's PC-end and mobile-end average monthly active users reached 223 million and 209 million, with a year-on-year growth of 30% and 33%, respectively.

  • The average number of paid users per month raised to 20.5 million, jumping by 53% over the same period in 2020, bringing the payment ratio to a 9.2% new record.

  • The revenue from the mobile game business was CNY 1.171 billion, climbing by 2% year-on-year; revenue from value-added services, including big members and live broadcast services, was CNY 1.497 billion, up 89% year-on-year; revenue from advertising jumped 234% to CNY 715 million; revenue from e-commerce and other businesses increased by 230% year-on-year to CNY 519 million.

  • The average daily video broadcast clicks reached a new record of 1.6 billion times; the monthly average number of community interactions reached 6.6 billion, which increased by 35% year-on-year.