On November 27, Gelonghui reported that bilibili (BILI.US) rose 4.76% in pre-market trading, reaching $18.93. Changjiang Securities released a research report indicating that bilibili announced its Q3 2024 financial report, with a Non-GAAP net income of 0.236 billion yuan, marking its first profitable quarter. bilibili has optimized its commercialization capabilities and operational efficiency, with advertising and gaming business driving high-quality growth. The firm expects the revenue for 2024 and 2025 to reach 26.7 billion yuan and 30.6 billion yuan respectively. Everbright Securities also pointed out that bilibili's exclusive SLG mobile game "Three Kingdoms: Strategizing the World" has had a good start in Season 4, achieving profitability for the first time in Q3. bilibili maintains a unique position in the short video competition, with strong core user engagement, and there is significant potential for future C-end monetization, making profitability sustainable.