Bilibili reported RMB 7.0 billion in revenue for the three months to Mar 31, 2025, and a consolidated net loss of RMB 10.7 million
Bilibili reported net revenues of RMB 7.0 billion for the three months ended Mar 31, 2025, against RMB 5.7 billion a year earlier, in unaudited interim statements prepared under U.S. GAAP. Mobile games brought in RMB 1.7 billion of that revenue, against RMB 982.8 million a year earlier, an increase the company attributed mainly to its exclusively licensed game San Guo: Mou Ding Tian Xia. The consolidated net loss narrowed to RMB 10.7 million from RMB 764.6 million, and the company recorded a profit from operations of RMB 15.0 million against a loss of RMB 818.6 million. The financial statements and the management's discussion were attached to a Form 6-K, the report a foreign company files with the SEC, which Bilibili signed on May 21, 2025.1,2,3,4,5,6,7,8,9,10,11,12,13,14
How each figure was checked
- the period the statements coverthree months ended March 31, 2025Exhibit 99.1, unaudited interim condensed consolidated financial statements ↗
- total net revenues for the three months ended March 31, 2025, in RMB (the table is in thousands)RMB 7,003,248,000Exhibit 99.1, unaudited interim condensed consolidated financial statements ↗
- total net revenues for the three months ended March 31, 2024, in RMB (the table is in thousands)RMB 5,664,600,000Exhibit 99.1, unaudited interim condensed consolidated financial statements ↗
- the statements are unaudited and cover the three months ended March 31, 2024 and 2025unaudited; three months ended March 31, 2024 and 2025SEC EDGAR, Form 6-K filed May 21, 2025 ↗
- the basis of preparation: U.S. GAAPU.S. GAAPExhibit 99.1, unaudited interim condensed consolidated financial statements ↗
- mobile games net revenues for the three months ended March 31, 2025, in RMB (the table is in thousands)RMB 1,731,155,000Exhibit 99.1, unaudited interim condensed consolidated financial statements ↗
- mobile games net revenues for the three months ended March 31, 2024, in RMB (the table is in thousands)RMB 982,810,000Exhibit 99.1, unaudited interim condensed consolidated financial statements ↗
- the company's stated reason for the rise in mobile games revenueSan Guo: Mou Ding Tian XiaExhibit 99.2, management's discussion and analysis ↗
- net loss for the three months ended March 31, 2025, in RMB (the table is in thousands)RMB 10,677,000 net lossExhibit 99.1, unaudited interim condensed consolidated financial statements ↗
- net loss for the three months ended March 31, 2024, in RMB (the table is in thousands)RMB 764,631,000 net lossExhibit 99.1, unaudited interim condensed consolidated financial statements ↗
- profit from operations for the three months ended March 31, 2025, in RMB (the table is in thousands)RMB 15,008,000 profit from operationsExhibit 99.1, unaudited interim condensed consolidated financial statements ↗
- loss from operations for the three months ended March 31, 2024, in RMB (the table is in thousands)RMB 818,596,000 loss from operationsExhibit 99.1, unaudited interim condensed consolidated financial statements ↗
- the date and signatory of the 6-KMay 21, 2025SEC EDGAR, Form 6-K filed May 21, 2025 ↗
- the 6-K's exhibits include the management's discussion and analysis of results of operationsmanagement's discussion and analysisSEC EDGAR, Form 6-K filed May 21, 2025 ↗
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The record
- Company
- Bilibili (CIK 1723690)
- Form
- 6-K
- Accession
- 0001193125-25-123608
- Filed
- May 21, 2025
- Period of report
- May 23, 2025
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