1、Bilibili Inc.Announces First Quarter 2024 Financial Results SHANGHAI,China,May 23,2024-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 its unaudited financial results for the first quarte
2、r ended March 31,2024.First Quarter 2024 Highlights:Total net revenues were RMB5.66 billion(US$784.5 million),representing an increase of 12%year over year.Advertising revenues were RMB1.67 billion(US$231.1 million),representing an increase of 31%year over year.Value-added services(VAS)revenues were
3、 RMB2.53 billion(US$350.3 million),representing an increase of 17%year over year.Gross profit was RMB1.61 billion(US$222.3 million),representing an increase of 45%year over year.Gross profit margin reached 28.3%,improving from 21.8%in the same period last year.Net loss was RMB764.6 million(US$105.9
4、million),compared with RMB629.6 million in the same period last year.The year over year increase was mainly due to debt extinguish gain of RMB336.5 million recorded in the first quarter of 2023.Adjusted net loss1 was RMB455.9 million(US$63.1 million),narrowing by 56%year over year.Operating cash flo
5、w was RMB637.7 million(US$88.3 million)in the first quarter of 2024,compared with negative RMB630.0 million for the same period last year.Average daily active users(DAUs)were 102.4 million,representing an increase of 9%year over year.“We are off to a good start in 2024.The first quarter was marked b
6、y healthy community growth across the board and a solid financial performance,”said Mr.Rui Chen,chairman and chief executive officer of Bilibili.“Our community is thriving with our increasingly diverse content,driving DAUs up 9%year over year to 102.4 million.MAUs in the first quarter also reached a
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