We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Bilibili (BILI) Q3 Earnings Miss Estimates, Revenues Up Y/Y
Read MoreHide Full Article
Bilibili (BILI - Free Report) incurred an adjusted loss of 15 cents per share in third-quarter 2019 that was wider than the Zacks Consensus Estimate of a loss of 13 cents. However, revenues of $260.1 million beat the consensus mark by 5%.
In domestic currency, Bilibili reported an adjusted loss of RMB1.05 per share, much wider than the year-ago quarter’s loss of RMB0.72.
Revenues jumped 72% year over year to RMB1.86 billion.
Average monthly active users (MAU) reached 127.9 million, up 38% from the year-ago quarter. Mobile MAUs reached 114.2 million, up 43% year over year. Moreover, average monthly paying users (MPU) surged 124% year over year to 7.9 million.
Additionally, average daily active users (DAU) increased 40% year over year to 37.6 million.
Top-Line Details
Mobile game revenues grew 25% year over year to RMB933.1 million ($130.6 million), primarily owing to an increase in the popularity of both existing and newly-launched mobile games. Average monthly paying users for mobile games increased to 1.5 million compared with 0.9 million in the year-ago quarter.
Bilibili Inc. Sponsored ADR Price, Consensus and EPS Surprise
Live broadcasting and Value-added services (VAS) revenues surged 167% year over year to RMB452.5 million ($63.3 million). This was primarily driven by an increase in the number of paying users for live broadcasting services and premium membership program.
Advertising revenues (13.9% of total revenues) also soared 80% year over year to RMB247.2 million ($34.6 million), mainly attributable to a rise in revenues from performance-based advertising and brand advertising.
E-commerce & others revenues (7% of total revenues) were up a whopping 703% year over year to RMB226.1 million ($31.6 million), primarily due to higher sales of products through the company’s e-commerce platform.
Operating Details
Gross profit surged 80% year over year to RMB351.3 million ($49.1 million).
Selling and marketing expenses skyrocketed 85% year over year to RMB363.9 million ($50.9 million). The improvement was primarily attributed to rising channel and marketing expenses associated with the app and the brand, and promotional expenses for Bilibili’s mobile games.
Additionally, an increase in headcount and rising fulfillment costs associated with Bilibili’s e-commerce business resulted in higher expenses.
General and administrative expenses grew 48% year over year to RMB163.2 million ($22.8 million), primarily attributable to a rise in personnel-related expenses.
Research and development expenses soared 69% year over year to RMB247.3 million ($34.6 million), primarily due to an increase in headcount and share-based compensation expenses.
Operating expenses surged 104% year over year to $70.7 million.
Outlook
For the fourth quarter of 2019, Bilibili expects net revenues between RMB1.93 billion and RMB1.938 billion.
Zacks Rank & Stocks to Consider
Currently, Bilibili carries a Zacks Rank #3 (Hold).
Long-term earnings growth rate for Baidu, Marchex and Akamai is currently pegged at 2.3%, 15% and 12%, respectively.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Bilibili (BILI) Q3 Earnings Miss Estimates, Revenues Up Y/Y
Bilibili (BILI - Free Report) incurred an adjusted loss of 15 cents per share in third-quarter 2019 that was wider than the Zacks Consensus Estimate of a loss of 13 cents. However, revenues of $260.1 million beat the consensus mark by 5%.
In domestic currency, Bilibili reported an adjusted loss of RMB1.05 per share, much wider than the year-ago quarter’s loss of RMB0.72.
Revenues jumped 72% year over year to RMB1.86 billion.
Average monthly active users (MAU) reached 127.9 million, up 38% from the year-ago quarter. Mobile MAUs reached 114.2 million, up 43% year over year. Moreover, average monthly paying users (MPU) surged 124% year over year to 7.9 million.
Additionally, average daily active users (DAU) increased 40% year over year to 37.6 million.
Top-Line Details
Mobile game revenues grew 25% year over year to RMB933.1 million ($130.6 million), primarily owing to an increase in the popularity of both existing and newly-launched mobile games. Average monthly paying users for mobile games increased to 1.5 million compared with 0.9 million in the year-ago quarter.
Bilibili Inc. Sponsored ADR Price, Consensus and EPS Surprise
Bilibili Inc. Sponsored ADR price-consensus-eps-surprise-chart | Bilibili Inc. Sponsored ADR Quote
Live broadcasting and Value-added services (VAS) revenues surged 167% year over year to RMB452.5 million ($63.3 million). This was primarily driven by an increase in the number of paying users for live broadcasting services and premium membership program.
Advertising revenues (13.9% of total revenues) also soared 80% year over year to RMB247.2 million ($34.6 million), mainly attributable to a rise in revenues from performance-based advertising and brand advertising.
E-commerce & others revenues (7% of total revenues) were up a whopping 703% year over year to RMB226.1 million ($31.6 million), primarily due to higher sales of products through the company’s e-commerce platform.
Operating Details
Gross profit surged 80% year over year to RMB351.3 million ($49.1 million).
Selling and marketing expenses skyrocketed 85% year over year to RMB363.9 million ($50.9 million). The improvement was primarily attributed to rising channel and marketing expenses associated with the app and the brand, and promotional expenses for Bilibili’s mobile games.
Additionally, an increase in headcount and rising fulfillment costs associated with Bilibili’s e-commerce business resulted in higher expenses.
General and administrative expenses grew 48% year over year to RMB163.2 million ($22.8 million), primarily attributable to a rise in personnel-related expenses.
Research and development expenses soared 69% year over year to RMB247.3 million ($34.6 million), primarily due to an increase in headcount and share-based compensation expenses.
Operating expenses surged 104% year over year to $70.7 million.
Outlook
For the fourth quarter of 2019, Bilibili expects net revenues between RMB1.93 billion and RMB1.938 billion.
Zacks Rank & Stocks to Consider
Currently, Bilibili carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector include Baidu (BIDU - Free Report) , Marchex (MCHX - Free Report) and Akamai Technologies (AKAM - Free Report) . While Akamai has a Zacks Rank #2 (Buy), both Baidu and Marchex sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Baidu, Marchex and Akamai is currently pegged at 2.3%, 15% and 12%, respectively.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>