Bilibili (NASDAQ:BILI) Announces Earnings Results

Bilibili (NASDAQ:BILIGet Rating) posted its earnings results on Thursday. The company reported ($4.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($3.64), Briefing.com reports. The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.05 billion. Bilibili had a negative net margin of 35.05% and a negative return on equity of 28.60%. The company’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.39) EPS. Bilibili updated its Q2 2022 guidance to EPS.

Bilibili stock opened at $25.32 on Friday. The company has a 50 day moving average price of $23.32 and a 200 day moving average price of $33.81. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of -9.24 and a beta of 1.27. Bilibili has a 52 week low of $14.93 and a 52 week high of $129.24. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.02 and a current ratio of 3.02.

BILI has been the topic of several analyst reports. KGI Securities cut shares of Bilibili from an “outperform” rating to a “neutral” rating in a report on Thursday, March 24th. JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $15.00 to $19.00 in a research report on Monday, May 16th. CLSA dropped their target price on Bilibili from $33.40 to $25.30 and set an “outperform” rating on the stock in a research report on Wednesday, May 25th. Zacks Investment Research cut Bilibili from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Benchmark reduced their target price on Bilibili from $86.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, March 4th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $47.94.

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in Bilibili by 382.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock worth $27,000 after acquiring an additional 814 shares during the period. Advisor Group Holdings Inc. increased its stake in Bilibili by 39.6% in the first quarter. Advisor Group Holdings Inc. now owns 5,012 shares of the company’s stock valued at $127,000 after acquiring an additional 1,422 shares during the period. Advisors Asset Management Inc. increased its stake in Bilibili by 51.5% in the first quarter. Advisors Asset Management Inc. now owns 5,624 shares of the company’s stock valued at $144,000 after acquiring an additional 1,912 shares during the period. American International Group Inc. boosted its position in Bilibili by 36.7% in the third quarter. American International Group Inc. now owns 2,235 shares of the company’s stock valued at $148,000 after buying an additional 600 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in Bilibili by 72.5% in the first quarter. Wetherby Asset Management Inc. now owns 8,270 shares of the company’s stock valued at $212,000 after buying an additional 3,476 shares in the last quarter. 40.49% of the stock is owned by institutional investors and hedge funds.

About Bilibili (Get Rating)

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, and live broadcasting.

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Earnings History for Bilibili (NASDAQ:BILI)

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