bilibili - W (09626.HK) announced its unaudited financial results for the third quarter ending September 30, 2024. The total net operating revenue reached 7.306 billion yuan (RMB, same below), an increase of 26% year-on-year. Among them, mobile gaming revenue was 1.823 billion yuan, an increase of 84% year-on-year. Advertising revenue was 2.094 billion yuan, an increase of 28% year-on-year.

Gross profit was 2.547 billion yuan, an increase of 76% year-on-year. The gross margin reached 34.9%, an increase from 25% in the same period last year.

The net loss attributable to shareholders was 79.515 million yuan, compared to a net loss of 1.351 billion yuan in the same period last year. The net loss per share was 0.19 yuan.

The adjusted net profit attributable to shareholders was 0.236 billion yuan, compared to an adjusted net loss of 0.877 billion yuan in the same period last year. The adjusted net profit per share was 0.57 yuan.

The operating cash flow for the third quarter was 2.226 billion yuan, compared to an operating cash inflow of 0.277 billion yuan in the same period last year.

The average daily active users reached 0.1073 billion, compared to 0.1028 billion in the same period last year.

bilibili (BILI.US) fell 2.8% in pre-market trading, reporting at $20.67.