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Bilibili Shares Soared Almost 50% in May


Shares of Chinese online entertainment company Bilibili (NASDAQ:BILI) had a monstrous trading month in May as shares rose 48.6% according to S&P Global Market Intelligence.

This was quite an impressive move considering that the S&P 500 itself only returned 2.4% in the month.

BiliBili (NASDAQ:BILI) mad its market debut back in March at $11.50 per share and since then has seen gains of 60.2% up until June 11th.

The company released its inaugural quarterly report on May 24th, revenue growth in the triple digits and monthly paying user growth rising significantly.

For the first quarter, the company reported a revenue increase of 105% year over year, reaching $138.4 million. Revenue in mobile games saw an increase of 97% at $109.8 million, advertising revenue saw a jump of 144% at $11.2 million, revenue in live broadcasting soared 151% at $15.3 million, and other revenue saw a growth of 65% at $2.1 million.

The company’s average monthly active users saw a jump of 35% year over year to 77.5 million and the number of average monthly paying users increased 190% to 2.5 million.

Bilibili (NASDAQ:BILI) Chairman of the Board and Chief Executive Officer Rui Chen remarked, “As the hub for China’s distinct and thriving Generation Z culture, we believe we are uniquely positioned to capture the future of online entertainment market in China.”

He had also said, “We are pleased to report strong operational and financial results for our first quarter as a public company, with remarkable growth across our three primary business streams.”

“As a premier entertainment platform serving young generations in China, we continue to offer new immersive content, vibrant interaction among users and dynamic community environment. Our MAUs reached over 77 million in the first quarter, and we have seen a substantial increase in the number of paying users, demonstrating our strong momentum driven by the implementation of our monetization strategies.”

Chief Financial Officer Mr. Sam Fan, stated, “The 105% increase in total net revenues in the first quarter of 2018 from the same period in 2017 was driven by our robust growth of revenues from mobile games, live broadcasting and value-added services, and advertising. We are also improving our operating efficiency while continuing to grow our business. For the first quarter, we generated operating cash flow of RMB471.1 million and our net loss margin was 7%, compared to 16% for the same period in 2017.”

Looking ahead for the second quarter the company (NASDAQ:BILI) has projected revenue to be in the range of 970 million yuan and 1 billion yuan. This translates to a range of $152 million to $157 million.

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