Chen Rui: Station B's virtual anchors are 'far ahead” in the country, and this year they are emphasizing the quality of live broadcast business operations.

According to Sina Technology reports, Station B (Bilibili) released its fourth quarter and full-year financial report for 2023 today. The company's chairman and CEO Chen Rui, vice chairman and chief operating officer Li Ni, chief financial officer Fan Xin and other senior executives attended the earnings conference call. At the meeting, they introduced the company's financial status and business development in detail. This time’s financial report shows that Station B has achieved gratifying results in 2023, with significant growth in revenue and profits. Chen Rui said that Bilibili will continue to be committed to improving user experience, expanding content copyright and strengthening technology.

Chen Rui responded to analysts’ questions about the live broadcast business and said that many live broadcasts on theplatform are Regarding Bilibili’s “features and advantageous categories”, it is consistent with the company’s competitive advantages in the video field.

Chen Rui claimed, "For example, in the field of virtual anchors, we should be the strongest in the country, far ahead. Another example is our knowledge-based, legal-based live broadcasts, in other areas It is unlikely to be available on the platform, but it is very popular on station B." At the same time, Chen Rui also talked about this year's plan for the live broadcast field:The focus of this year's work is "will put more emphasis on the quality of live broadcast business operations.", "We will pay more attention to the improvement of gross profit and gross profit margin, and truly improve the quality of the growth of our business."

According to this site's report earlier today, Station B (Bili) Chen Rui, chairman and CEO of Bili, said at the fourth quarter earnings call in 2023 thatis confident that profits will turn positive in Q3 of 2024 and start making profits.

Bilibili today released its fourth quarter and full-year financial reports as of December 31, 2023. Total net revenue in the fourth quarter was 6.3 billion yuan, a year-on-year increase of 3%, and net loss was 1.3 billion yuan, a year-on-year decrease of 13%. The adjusted net loss was 555.8 million yuan, narrowed by 58% year-on-year, which shows that the company has made certain improvements in financial performance. These data show that Bilibili has remained stable despite changes in the economic environment, and the company is constantly working hard to reduce losses and seek more growth opportunities. As competition intensifies, Bilibili needs to continue to work hard to improve profitability and maintain financial stability to cope with market challenges and opportunities.

Total revenue in 2023 will reach 22.5 billion yuan, a year-on-year increase of 3%. Net loss was 4.8 billion yuan, narrowing 36% year-on-year. Net loss adjusted according to non-GAAP was 3.4 billion yuan, narrowing 49% year-on-year.

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