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4q20’s revenue was 3.84 billion yuan, up 91% year on year From Bilibili

The following is the 4q20’s revenue was 3.84 billion yuan, up 91% year on year From Bilibili recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, Electronic Commerce, Mobile games.

On February 25, 2021 (February 24, EDT), Bili (NASDAQ: Bili) released its unaudited financial reports for the fourth quarter and full year ended December 31, 2020. According to the financial report, the total revenue of BiliBili (hereinafter referred to as “station B”) in fiscal year 2020 reached 12 billion yuan, up 77% year on year. Among them, the fourth quarter revenue increased 91% year-on-year to 3.84 billion yuan, far exceeding market expectations. After the release of the financial report, B stood in the U.S. stock market after hours, and the stock price rose by more than 5%.

In terms of revenue division, in the fourth quarter, the value-added service revenue of station B reached 1.25 billion yuan, a year-on-year high-speed growth of 118%; the advertising revenue of station B increased 149% to 720 million yuan; the e-commerce and other business revenue of station B reached 740 million yuan, a year-on-year growth of 168%; the game business revenue of station B increased 30% to 1.13 billion yuan.

In terms of user data, in the fourth quarter, the monthly live users of station B increased by 55% year-on-year to 202 million, of which the monthly live users of mobile terminal increased by 61% year-on-year to 187 million. At the same time, daily life users reached 54 million, achieving a 42% year-on-year growth.

In this quarter, the monthly average number of paid users reached 17.9 million, with a rapid growth of 103% over the same period last year. The overall payment rate rose from 6.8% in the same period of last year to 8.9% in the current quarter, and the gross profit rate achieved a month on month growth of 24.6% for seven consecutive quarters.

In terms of up, in this quarter, the number of active up hosts in station B reached 1.9 million per month, an increase of 88% over the same period of last year; the monthly video contributions reached 5.9 million, an increase of 109% over the same period of last year.

As of December 31, 2020, the total amount of cash, cash equivalents, time deposits and short-term investments held by the company is 12.8 billion yuan. Regardless of the impact of employee equity incentive costs, amortization costs related to intangible assets formed by M & A and related income tax expenses, the adjusted net loss of non GAAP of station B in the fourth quarter was RMB 680 million.

In the financial report, station B forecasts the revenue in the first quarter of 2021, which is expected to reach 3.7 billion yuan to 3.8 billion yuan.

Chen Rui, chairman and CEO of station B, said: “2020 is a year of profound significance for station B. Throughout the year, we have effectively implemented the growth strategy and pushed our businesses to a new level. Through the continuous introduction of high-quality content and effective brand promotion, station B not only covers the young generation in China, but also has a wide influence on the public. Especially in the fourth quarter, the monthly active users of station B successfully exceeded 200 million, which also marks a new starting point for our user growth. At the same time, “video” has been integrated into all aspects of daily life scenes. As a comprehensive video community, station B has video content covering all categories and scenes. We will firmly grasp the great opportunities brought about by “video”, continue to enrich the community content ecology, and lay a more solid foundation for future growth. “

The full text of the financial report is as follows:

Main results of the fourth quarter:

– BiliBili’s total net revenue in the fourth quarter was 3.840 billion yuan (about 588.5 million US dollars), an increase of 91% over the same period last year.

– BiliBili’s fourth quarter net loss was 843.7 million yuan (about 129.3 million US dollars), compared with 387.2 million yuan in the same period last year.

The adjusted net loss of BiliBili was 681.9 million yuan (about 104.5 million US dollars) in the fourth quarter, and 336.9 million yuan in the same period last year.

The average monthly active users of BiliBili reached 202 million in the fourth quarter, and the average monthly active users of mobile reached 186.5 million, an increase of 55% and 61% respectively over the same period of last year.

– BiliBili’s daily active users reached 54 million in the fourth quarter, an increase of 42% over the same period last year.

The average monthly paid users of BiliBili in the fourth quarter were 17.9 million, an increase of 103% over the same period last year.

Fourth quarter performance analysis:

Total net revenue

BiliBili’s total net revenue in the fourth quarter was 3.840 billion yuan (about 588.5 million US dollars), an increase of 91% over the same period last year.

BiliBili’s revenue from mobile games in the fourth quarter was 1129.7 million yuan (about 173.1 million US dollars), up 30% from the same period last year. The year-on-year growth of mobile game revenue in the fourth quarter of BiliBili was mainly driven by the increasing popularity of newly released mobile games.

In the fourth quarter, value-added service revenue of Bili was 1247.2 million yuan (about $191.1 million), up 118% over the same period last year. The year-on-year growth of value-added service revenue in the fourth quarter of Bili was mainly attributed to the company’s efforts to strengthen monetization, mainly due to the increase in the number of value-added service paying users.

In the fourth quarter, the advertising revenue of Bili was 722.4 million yuan (about 110.7 million US dollars), an increase of 149% over the same period last year. The year-on-year growth in advertising revenue of BiliBili in the fourth quarter was mainly due to the further recognition of Bili brand in China’s online advertising market and the improvement of advertising efficiency of Bili.

In the fourth quarter, Bili’s e-commerce and other revenue was 740.8 million yuan (about 113.5 million US dollars), up 168% over the same period last year. The year-on-year growth of e-commerce and other revenue of BiliBili in the fourth quarter was mainly due to the increase of product and content authorization sold through the company’s e-commerce platform.

Revenue cost

BiliBili’s revenue and cost in the fourth quarter was 2.896 billion yuan (about 443.8 million US dollars), an increase of 80% over the same period last year. BiliBili’s revenue sharing cost in the fourth quarter was 1.270 billion yuan (about 194.8 million US dollars), an increase of 80% over the same period last year.

Gross profit

BiliBili’s gross profit in the fourth quarter was 944.1 million yuan (about 144.7 million US dollars), up 137% from the same period last year.

Total operating expenses

BiliBili’s total operating expenditure in the fourth quarter was 1.847.5 billion yuan (about 283.1 million US dollars), an increase of 126% over the same period last year.

In the fourth quarter, sales and marketing expenses of Bili Bili were 1.027 billion yuan (about 156.4 million US dollars), an increase of 147% over the same period of last year; general and administrative expenses were 348.8 million yuan (about 52.5 million US dollars), an increase of 115% over the same period of last year; R & D expenses were 484.0 million yuan (about 74.2 million US dollars), an increase of 97% over the same period of last year.

Operating loss

BiliBili’s operating loss in the fourth quarter was 903.4 million yuan (about 138.4 million US dollars), compared with 419.9 million yuan in the same period last year.

Income tax expenditure

BiliBili’s income tax expenditure in the fourth quarter was 14.8 million yuan (about 2.3 million US dollars), compared with 6.9 million yuan in the same period last year.

Net loss

BiliBili’s net loss in the fourth quarter was 843.7 million yuan (about 129.3 million US dollars), compared with 387.2 million yuan in the same period last year.

Not in accordance with U.S. GAAP, Bili’s adjusted net loss in the fourth quarter was 681.9 million yuan (about 104.5 million U.S. dollars), compared with 336.9 million yuan in the same period last year.

BiliBili’s basic and diluted loss per share in the fourth quarter was 2.34 yuan (about 0.36 US dollars), which was 1.17 yuan in the same period of last year; not in accordance with US GAAP, Bili’s basic and diluted loss per share in the fourth quarter was 1.88 yuan (about 0.29 US dollars), which was 1.01 yuan in the same period of last year.

Cash, cash equivalents and time deposits

As of December 31, 2020, the total amount of cash, cash equivalents and time deposits held by Bili was 12.8 billion yuan (about US $2 billion), higher than that of 8.1 billion yuan as of December 31, 2020.

Performance analysis in 2020:

Total net revenue

BiliBili’s total net revenue in 2020 was 12 billion yuan (about 1.8 billion US dollars), an increase of 77% over the same period last year.

BiliBili’s revenue from mobile games in 2020 was 4.8 billion yuan (about $736.2 million), an increase of 34% over the same period last year. The year-on-year growth of BiliBili’s mobile game revenue in 2020 is mainly driven by the increasing popularity of newly released mobile games.

BiliBili’s value-added service revenue in 2020 was 3.8 billion yuan (about 589.4 million US dollars), an increase of 134% over the same period of last year. The year-on-year growth of value-added service revenue of BiliBili in 2020 is mainly due to the company’s efforts to strengthen monetization, mainly the increase in the number of value-added service paying users.

BiliBili’s advertising revenue in 2020 was 1.8 billion yuan (about 282.4 million US dollars), an increase of 126% over the same period last year. The year-on-year growth of advertising revenue in 2020 is mainly driven by the improvement of advertising efficiency.

BiliBili’s e-commerce and other revenue in 2020 was 1.5 billion yuan (about 231 million US dollars), an increase of 109% over the same period last year. The year-on-year growth of e-commerce and other revenue of BiliBili in 2020 is mainly due to the increase of products and content authorization sold through the company’s e-commerce platform.

Revenue cost

BiliBili’s revenue and cost in 2020 was 9.2 billion yuan (about 1.4 billion US dollars), an increase of 64% over the same period last year. BiliBili’s revenue sharing cost in 2020 was 4.4 billion yuan (about 669.2 million US dollars), an increase of 75% over the same period last year.

Gross profit

BiliBili’s gross profit in 2020 was 2.8 billion yuan (about 435.3 million US dollars), an increase of 139% over the same period last year.

Total operating expenses

BiliBili’s total operating expenditure in 2020 was 6 billion yuan (about 916.7 million US dollars), an increase of 123% over the same period last year.

In 2020, BiliBili’s sales and marketing expenditure was 3.5 billion yuan (about 532.2 million US dollars), an increase of 191% over the same period of last year; its general and administrative expenditure was 976.1 million yuan (about 149.6 million US dollars), an increase of 65% over the same period of last year; its R & D expenditure was 1.5 billion yuan (about 231.9 million US dollars), an increase of 69% over the same period of last year.

Operating loss

In 2020, BiliBili’s operating loss was 3.1 billion yuan (about 481.4 million US dollars), compared with 1.5 billion yuan in the same period last year.

Income tax expenditure

BiliBili’s income tax expenditure in 2020 was 53.4 million yuan (about 8.2 million US dollars), compared with 35.9 million yuan in the same period last year.

Net loss

BiliBili’s net loss in 2020 was 3.1 billion yuan (about 468 million US dollars), compared with 1.3 billion yuan in the same period last year.

Not in accordance with U.S. GAAP, BiliBili’s adjusted net loss in 2020 was 2.6 billion yuan (about 401.9 million U.S. dollars), and that in the same period of last year was 1.1 billion yuan.

BiliBili’s basic and diluted loss per share in 2020 was RMB 8.71 (about US $1.33), which was RMB 3.99 in the same period of last year; not in accordance with US GAAP, Bili’s basic and diluted loss per share in 2020 was RMB 7.46 (about US $1.14), which was RMB 3.30 in the same period of last year.

Performance outlook

BiliBili predicts that the company’s net revenue in the first quarter of 2021 will range from 3.7 billion yuan to 3.8 billion yuan.

Market expectation

Billie Billie’s fourth quarter results were better than Wall Street expected. According to a Thomson Reuters survey, Wall Street analysts had expected, on average, that Billie’s fourth quarter diluted loss per share would be $0.33 and revenue would be $55145 million, not in accordance with U.S. GAAP.

Stock price performance

Bili Bili fell $2.12, or 1.64%, to close at $127.14 in regular trading on the Nasdaq stock market on Wednesday. In subsequent after hours trading, Bili’s shares rose 4.22% to close at US $132.50 at press time. Over the past 52 weeks, BiliBili’s lowest share price was $19.25 and its highest was $157.66. According to the closing price on Wednesday, BiliBili’s market value is about $43.9 billion.

Bilibilibili: 2q20 financial report teleconference record is still high viscosity and high retention platform, new user payment rate is very high bilibilibili: 2q20 revenue reached a record high of 2.62 billion yuan, a year-on-year increase of 70% bilibilibilibili: the growth of business line promoted the net revenue of 4q19 by 74% on a year-on-year basis station B: 1q20 revenue reached 2.32 billion yuan, a year-on-year increase of 69% station B: 1q20 financial report teleconference record User growth is still the top priority this year. Station B: 3q20 revenue 3.23 billion yuan, up 74% year on year. Station B: 3q20 financial report teleconference record. The products that users need in the future must cover the whole scene and many categories. Station B: financial report teleconference record of fiscal year 2019. Station B: 3q19 financial report teleconference record Live broadcasting business has maintained a year-on-year growth of about 100%. Station B: 1q18 games and value-added business have strong growth, driving the company’s revenue to double. Station B: ballscreen “wonderful ah” in 2019 has been selected into the top ten ballscreen hot words bilibilibili: in 2020, station B’s game area annual inventory “black myth Wukong” is the most popular. Yuanshen is the most popular. Iqiyi: 1q20’s total revenue is 7.6 billion, exceeding the expectation Single quarter member net increase 12 million tiktok: 1Q20 earnings call conference B record shaking sound lifting industry ceiling has been used for 3-5 years before the contract lock anchor QuestMobile:2020 China Mobile live industry “war epidemic” special report

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