CICC raises the revenue forecast for Bilibili-W (09626) in 2024 and 2025 by 4.1% and 4.4%, respectively, to 27.1 billion yuan and 32 billion yuan.
According to the financial news app, CICC released a research report stating that it upholds the "Outperform" rating for Bilibili-W (09626). Due to better-than-expected performance of the game "Three Kingdoms: Strategy of the whole world", the group's revenue forecast for 2024 and 2025 is raised by 4.1% and 4.4% to 27.1 billion yuan and 32 billion yuan, respectively. The target price is raised by 16% to HKD 151. The bank expects Bilibili's advertising and gaming businesses to gradually grow and its profit space to gradually improve.