The following is the In 2021, the net income of Bili Bili in Q1 was 3.9 billion yuan, up 68% year on year From Bili Bili financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.
Bili Bili released an unaudited quarterly report before us stock market today. The company’s revenue exceeded expectations, net loss lower than expected, users and revenue both strong growth. Bili Bili’s net income in the first quarter was 3.9 billion yuan, up 68% year on year, with an estimated 3.78 billion yuan.
The net loss in the first quarter was 900 million yuan, compared with 500 million yuan in the same period last year; The basic and diluted net loss per share was 2.54 yuan (US $0.39). The adjusted basic and diluted net loss per share is 1.87 yuan (about US $0.29), and the estimated loss is 2.08 yuan.
BiliBili’s monthly active users exceeded 200 million in the first quarter, reaching 223.3 million, a year-on-year increase of 30%. The number of mobile users per month reached 208.5 million, an increase of 33% over the same period in 2020. Daily life users exceeded 60 million, up 18% year on year. The average daily usage time of users is up to 82 minutes.
Among them, the monthly average number of paying users reached a new high of 20.5 million, and the overall payment rate also reached a record high of 9.2%.
Meanwhile, the company’s gross margin rose to 24% in the quarter from 23% in the same period last year.
For the second quarter performance outlook, BiliBili expects revenue to reach 4.25 billion yuan to 4.35 billion yuan.
Why is the performance strong?
BiliBili concluded that the video wave has driven the long-term growth of the company’s performance.
The financial report said: in this quarter, the average daily video broadcast volume of station B reached 1.6 billion times, up 47% year-on-year; The monthly average number of community interactions reached 6.6 billion, up 35% year on year. The average daily use time of users is as high as 82 minutes, reflecting the remarkable characteristics of high activity and high interaction in the community.
BiliBili mentioned that this year’s second BiliBili “most beautiful night” New Year’s party continues to win wide attention. After “houlang”, station B launched the video “I don’t want to be such a person” again on May 4th Youth Day this year, with an exposure of nearly 100 million.
It is worth noting that station B believes that they have become “the preferred video community of the Z + generation (users born between 1985 and 2009)”. In its financial report, the company said that as the “Z + generation” has become the backbone of society, they are deeply influencing China’s culture and consumer market.
In the first quarter, life, games, entertainment, animation, technology and knowledge became the top five most popular content categories. Especially in recent quarters, video contributions and playback of games, knowledge and pet categories are on the rise rapidly. BiliBili said that the growth of these categories reflected the distinct interests and preferences of the “Z + generation” and expanded the appeal of station B at the public level.
According to iResearch consulting report, by 2025, the number of video users will be close to 1.2 billion, and the scale of video market will exceed 1.8 trillion yuan.
As for the future plan, Chen Rui, chairman and CEO of station B, said in the financial report:
With the huge wave of video, we will firmly grasp the market opportunity and further expand our influence in the Z + generation group.
User payment and advertising revenue both soar
In the first quarter, the strong revenue growth of station B was mainly due to the strong development of advertising and value-added services.
Among them, the advertising business achieved eight consecutive quarters of year-on-year accelerated growth, a year-on-year growth of 234%, reaching 700 million yuan. The top five advertisers are games, digital 3C, food and beverage, e-commerce and beauty care. The revenue from value-added services increased 89% year on year to 1.5 billion yuan.
The revenue of game business reached 1.2 billion yuan, up 2% year on year. The revenue of e-commerce and other businesses reached 500 million yuan, with a rapid growth of 230% over the same period last year.
As of March 31, 2021, BiliBili has total cash, cash equivalents, time deposits and short-term investments of 27 billion yuan.
U.S. stocks rose by more than 3% before trading.
See and hear from Wall Street read more: Q1 BiliBili Bili financial report in 2019: the total revenue of this quarter reached 1.37 billion yuan, a year-on-year increase of 58%; Q4 and the whole year Bili Bili financial report and brief data in 2019 Bili Bili: 2q20 revenue reached 2.62 billion yuan, a record high, a year-on-year increase of 70%; Bili Bili: financial report teleconference record in 2019 station B: 3q20 revenue reached 3.23 billion yuan, a year-on-year increase of 74% : 4q20 revenue 3.84 billion yuan, a year-on-year increase of 91% station B: 1q20 revenue 2.32 billion yuan, a year-on-year increase of 69% bilibilibili: the growth of business line promotes the net revenue of 4q19, a year-on-year increase of 74% station B: the live broadcast business of 3q19 financial report teleconference has maintained a year-on-year increase of about 100% station B: the top ten hot words bilibilibilibili in 2019 Questmobile: 2020 China Mobile live broadcasting industry “war epidemic” special report station B: active use of the platform with 120 million people in April and September, the effect of breaking the circle is obvious station B: 1q20 financial report teleconference record user growth is still the first priority this year
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