bilibili's adjusted net income in the third quarter reached 0.236 billion yuan, with daily active users and monthly active users hitting new highs.
bilibili-W (09626.HK) announced that in the third quarter of 2024, the company's total net operating revenue reached 7.306 billion yuan (1.041 billion USD), an increase of 26% year-on-year. Among these, the mobile game revenue was 1.823 billion yuan (0.26 billion USD), an increase of 84% year-on-year. Advertising revenue was 2.094 billion yuan (0.298 billion USD), an increase of 28% year-on-year. The gross profit was 2.547 billion yuan (0.363 billion USD), an increase of 76% year-on-year.
Express News | In October 2024, the revenue of china's gaming market was 29.083 billion yuan, a month-on-month decline of 4.10%, and a year-on-year increase of 14.40%.
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Mobile gaming and advertising revenue surged, Bilibili's Q3 revenue increased by 26% year-on-year, and net income turned positive for the first time after adjustments.
In the third quarter, bilibili continued to improve commercialization efficiency, with revenue from mobile games and advertising businesses increasing by 84% and 28% year-on-year, respectively, leading to the adjusted net income turning positive for the first time.