哔哩哔哩-2019年Q1哔哩哔哩财报2英文-20195-10页_570kb

Bilibili Inc. Q1 2019 Financial Summary

Core Financial Highlights

• Total Net Revenues: RMB1,373.5 million (US$204.7 million), up 58% YoY.
• Net Loss: RMB195.6 million (US$29.2 million), up from RMB57.8 million in Q1 2018.
• Adjusted Net Loss: RMB145.4 million (US$21.7 million), up from RMB3.2 million in Q1 2018.
• Average Monthly Active Users (MAUs): 101.3 million, up 31% YoY.
• Mobile MAUs: 88.6 million, up 39% YoY.
• Average Monthly Paying Users: 5.7 million, up 132% YoY.

Revenue Breakdown

Operating Expenses

• Total Operating Expenses: RMB496.0 million (US$73.9 million), up 73% YoY.
• Sales and Marketing Expenses: RMB181.5 million (US$27.0 million), up 130% YoY.
• General and Administrative Expenses: RMB128.5 million (US$19.1 million), up 25% YoY.
• Research and Development Expenses: RMB186.1 million (US$27.7 million), up 76% YoY.

Key Financial Metrics

• Gross Profit: RMB189.3 million (US$28.2 million), down 11% YoY.
• Loss from Operations: RMB306.7 million (US$45.7 million), up from RMB74.3 million in Q1 2018.
• Investment Income, Net: RMB82.0 million (US$12.2 million), up 222% YoY.
• Income Tax Expense: RMB8.2 million (US$1.2 million), up from RMB3.2 million in Q1 2018.
• Net Loss per Share (Basic & Diluted): RMB0.60 (US$0.09), down from RMB1.73 in Q1 2018.
• Adjusted Net Loss per Share (Basic & Diluted): RMB0.44 (US$0.06), down from RMB0.94 in Q1 2018.

Cash and Liquidity

• Cash and Cash Equivalents & Time Deposits: RMB3.5 billion (US$519.1 million) as of March 31, 2019, down from RMB4.3 billion as of December 31, 2018.

Recent Developments

• Capital Raise: The Company raised approximately US$734 million in net proceeds from a convertible senior note offering and a primary offering of ADSs.
• Use of Proceeds: Funds will be used for content enrichment, R&D, and general corporate purposes.

Outlook

• Q2 2019 Revenue Guidance: Net revenues expected between RMB1.45 billion and RMB1.49 billion.

Non-GAAP Measures

• Adjusted Net Loss: Excludes share-based compensation and amortization of intangible assets from business acquisitions.
• Purpose: Helps assess underlying business performance and supports financial decision-making.

Conference Call

• Date & Time: May 13, 2019 at 9:00 PM U.S. Eastern Time (9:00 AM Beijing/Hong Kong time).
• Dial-in Numbers:
  • United States: +1-866-519-4004
  • International: +65-6713-5090
  • Hong Kong: 800-963-117
  • China: 400-632-2162
• Conference ID: 1966695
• Replay Access Code: 1966695
• Webcast: Available at http://ir.bilibili.com

About Bilibili Inc.

• A leading online entertainment platform for young generations in China.
• Offers a wide range of content including videos, live broadcasting, and mobile games.
• Focuses on building emotional connections with users and communities.

Disclaimer

• The press release includes forward-looking statements subject to risks and uncertainties.
• Non-GAAP measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP.
• Investors should not consider non-GAAP measures in isolation.