Bilibili (BILI, Financial) saw a 2.7% increase in its pre-market U.S. stock price, reaching $19. This rise follows the company's announcement of its third-quarter financial results, revealing a significant revenue growth of 25.85% year-over-year, totaling 7.306 billion yuan. Notably, the company achieved an adjusted net profit of 236 million yuan, marking a return to profitability compared to the previous year.
Huatai Securities continues to rate Bilibili as a "Buy," supported by expectations that popular intellectual properties like "Jujutsu Kaisen," set to launch in 2025, will provide additional growth for its gaming segment. Over the long term, improvements in AI algorithms are anticipated to enhance content recommendation accuracy, potentially boosting the conversion rate of paying users.
