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20-F: FY2024 Annual Report

SEC ·  Mar 25 10:08

Summary by Moomoo AI

Bilibili achieved significant financial improvements in fiscal year 2024, with revenue rising 19% YoY to RMB26.8 billion ($3.68 billion). The company substantially reduced its net loss by 71.7% YoY to RMB1.36 billion ($186.8 million), while gross profit margin expanded to 32.7% from 24.2% in 2023. Operating loss decreased by 73.5% YoY to RMB1.34 billion, demonstrating enhanced operational efficiency.The company maintained robust user engagement metrics in Q4 2024, reaching 103.0 million DAUs and 339.6 million MAUs, with 29.5 million monthly paying users. Revenue diversification remained strong, with Value-Added Services contributing 41.0% of total revenue, followed by advertising at 30.5% and mobile games at 20.9%.Management strengthened its capital position with RMB10.3 billion in cash and cash equivalents, while securing new long-term bank loans of RMB3.1 billion. The company continued its share repurchase program, buying back 0.8 million ADSs for $16.4 million, and maintained necessary regulatory compliance while enhancing cybersecurity risk management.
Bilibili achieved significant financial improvements in fiscal year 2024, with revenue rising 19% YoY to RMB26.8 billion ($3.68 billion). The company substantially reduced its net loss by 71.7% YoY to RMB1.36 billion ($186.8 million), while gross profit margin expanded to 32.7% from 24.2% in 2023. Operating loss decreased by 73.5% YoY to RMB1.34 billion, demonstrating enhanced operational efficiency.The company maintained robust user engagement metrics in Q4 2024, reaching 103.0 million DAUs and 339.6 million MAUs, with 29.5 million monthly paying users. Revenue diversification remained strong, with Value-Added Services contributing 41.0% of total revenue, followed by advertising at 30.5% and mobile games at 20.9%.Management strengthened its capital position with RMB10.3 billion in cash and cash equivalents, while securing new long-term bank loans of RMB3.1 billion. The company continued its share repurchase program, buying back 0.8 million ADSs for $16.4 million, and maintained necessary regulatory compliance while enhancing cybersecurity risk management.
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