Home > Article > Technology peripherals > Bilibili’s third-quarter revenue of 5.8 billion yuan was flat year-on-year, and daily active users exceeded 100 million for the first time
According to news from this site on November 29, Bilibili announced on the Hong Kong Stock Exchange on the evening of November 29 that the total net revenue in the third quarter of 2023 was RMB 5.8 billion (USD 795.7 million), which is the same as in 2022. The same period was flat; net loss was RMB 1.3 billion (USD 183.3 million), a 22% decrease from the same period in 2022; not in accordance with U.S. GAAP, the adjusted net loss was RMB 863.5 million, a decrease of 51% from the same period last year. Average daily active users (daily active users) reached 102.8 million, an increase of 14% from the same period in 2022.
The growth of the community and the improvement of commercialization efficiency have driven the increase in Bilibili’s advertising and value-added service business revenue. In the third quarter, Bilibili’s total advertising revenue reached 1.64 billion yuan, a year-on-year increase of 21%, and value-added service business revenue reached 2.6 billion yuan, a year-on-year increase of 17%.
In terms of user data, in the third quarter, the average daily active users of Station B exceeded the 100 million mark, a year-on-year increase of 14% to 103 million. The average monthly active users also reached a new high of 341 million. The average daily usage time of users exceeded 100 minutes for the first time.
In terms of creator data, Station B performed well in the third quarter. The number of daily active UP owners increased by 21% year-on-year, and the number of UP owners with more than 10,000 followers increased by 36% year-on-year. In addition, the average monthly video submission volume also increased by 37% year-on-year, reaching 21 million. It is worth mentioning that in this quarter, 1.68 million UP owners earned income from Bilibili, a year-on-year increase of 34%. Among them, the number of UP owners who earn income through videos and live broadcasts has increased by more than 160% year-on-year.
According to reports, for the whole year of 2023, Bilibili expects its total net turnover to be RMB 225 billion to the low end of RMB 23.5 billion. This forecast is due to lower-than-expected mobile game revenue
Q3 financial report performance:
The content that needs to be rewritten is: Net income
Always needs to be rewritten The content is: Net income was 5.8 billion yuan (approximately US$795.7 million), flat year-on-year.
Revenue from value-added services was 2.6 billion yuan (approximately US$355.7 million), a year-on-year increase of 17%
Advertising revenue was 1.6 billion yuan, a year-on-year increase of 21%
Revenue from mobile games was 991.8 million yuan (approximately US$135.9 million), a year-on-year decrease of 33%.
Revenue from IP derivatives and other businesses (formerly known as "e-commerce and other business revenue") was 5.8 billion yuan, approximately US$79.5 million, a year-on-year decrease of 23%
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