Bilibili (BILI) Releases Quarterly Earnings Results, Misses Estimates By $0.34 EPS

Bilibili (NASDAQ:BILI) released its quarterly earnings results on Wednesday. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.34), Briefing.com reports. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.06 billion. The firm’s revenue was up 57.5% on a year-over-year basis.

Shares of Bilibili stock opened at $18.98 on Friday. Bilibili has a fifty-two week low of $9.09 and a fifty-two week high of $22.70.

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Several research analysts have recently issued reports on the company. China Renaissance Securities assumed coverage on Bilibili in a research note on Wednesday. They issued a “buy” rating for the company. Citigroup began coverage on Bilibili in a report on Thursday, January 31st. They issued a “buy” rating and a $22.00 price objective for the company. Zacks Investment Research lowered Bilibili from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Daiwa Capital Markets began coverage on Bilibili in a report on Monday, January 14th. They issued an “outperform” rating for the company. Finally, Credit Suisse Group began coverage on Bilibili in a report on Monday, December 10th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. Bilibili presently has an average rating of “Buy” and an average target price of $17.00.

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Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

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