Bilibili Unveils Third-Quarter Financial Results

On November 17th, Bilibili Inc. announced the company’s third-quarter financial results. Overall, it was an incredibly successful quarter for the massive Chinese streaming platform.

Total net revenues increased by 61% over the last year to hit $808 million. Meanwhile, monthly active users reached 267.2 million people while daily active users topped out at 72.1 million people.

“We are proud to announce another stellar quarter of quality growth,” said Rui Chen, the chief executive officer of Bilibili. “During our peak summer season, user growth surged, engagement levels reached an all-time high, and we continued to expand our topline. In the third quarter, MAUs and DAUs each grew 35% year-over-year, advancing us toward our 3-year growth goal. Importantly, our community is stickier and more engaged than ever. Users spent an average of 88 minutes per day on Bilibili, the longest time we have seen in our operating history. Along with our growth, we are deepening our commitment as a responsible public company. We continue to cultivate an inclusive community, promoting positive content and engaging in better environmental, social, and governance practices. We hope to instill heartening Chinese culture and values across our community, and bring more ‘Created-in-China’ content to the world.”

Bilibili Inc. currently trades stock on the NASDAQ exchange under the ticker symbol “BILI”. As of 2:37 PM EST on November 30th, 2021, one share of stock in the company is worth $64.73.

(All information was provided by Globenewswire and MarketWatch)

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