BILI Stock Recent News
BILI LATEST HEADLINES
China's central bank recently delivered a lower-than-expected interest rate cut. Broad sell-offs for Chinese stocks pulled Bilibili, RLX, and Huya lower on Tuesday.
Advertising business to continue to be a key growth driver in FY 2023, facilitated by the DAU-oriented growth approach and livestreaming e-commerce. Cost efficiency initiatives also drive margin expansion. Despite some risks, I assign BILI an overweight rating, and expect a 15% upside.
The entertainment platform stock is growing sales, mainly thanks to higher advertising spending. Net losses are a sticking point for prospective investors.
Bilibili's shares fell in early Asian trading Friday, as investors weighed tepid near-term growth prospects even as the company's bottom line improved in its latest quarterly results.
Investors clearly considered the company's first quarter to have been a success. It notched a decisive beat on the bottom line.
Bilibili (BILI) came out with a quarterly loss of $0.37 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to loss of $0.66 per share a year ago.
SHANGHAI, China, May 19, 2023 (GLOBE NEWSWIRE) -- Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that it will report its first quarter 2023 unaudited financial results on Thursday, June 1, 2023, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on June 1, 2023 (8:00 PM Beijing/Hong Kong Time on June 1, 2023).
Bilibili lost its luster as growth cooled off and losses widened. It remains a top destination for China's Gen Z internet users.
For this column, I will define “hot gaming stocks” as companies in the gambling and video-game sectors that have positive momentum. In the U.S., gambling stocks are generally poised to generate strong results.
Chinese trade data came in weak. Tensions between the U.S. and China continue to intensify.