- Bilibili (NASDAQ:BILI) trades up 2.7% pre-market after beating top and bottom-line estimates for the first quarter and providing guidance that fell in-line with consensus.
- Revenue was up 82% on the year to $595.4M. The non-GAAP loss per share was $0.29, seven cents better than analyst estimates.
- Average MAUs increased 30% to 223.3M. Mobile MAUs were up 33% to 208.5M. Average monthly paying users grew 53% to 20.5M.
- “We kicked off 2021 with strong user growth and topline expansion, placing us firmly on track to achieve our growth target,” says CEO Rui Chen. “With a booming content ecosystem and fervent community bonds, our MAUs reached 223 million in the first quarter, up 30% compared with last year’s high base. Our users remained active and engaged, spending a daily average of 82 minutes on our platform.
- For Q2, BILI guides for net revenue of RMB4.25-4.35 billion versus the RMB 4.37 billion consensus.
- Earnings press release.