Summary by Moomoo AI
Bilibili announced its annual results for the year ending December 31, 2024, with total annual revenue reaching 26.83 billion yuan, a year-on-year growth of 19.1%; gross profit rose by 61.2% to 8.77 billion yuan; net loss significantly narrowed by 71.7% to 1.36 billion yuan, showcasing strong business growth and improved operational efficiency.All business sectors achieved steady growth, with value-added services revenue reaching 11 billion yuan, a year-on-year growth of 11%; advertising business revenue was 8.19 billion yuan, a year-on-year growth of 28%; mobile game revenue was 5.61 billion yuan, a year-on-year growth of 40%; IP derivatives and other revenue reached 2.03 billion yuan. In terms of operating expenses, research and development costs decreased by 17.5% year-on-year to 3.69 billion yuan, while sales and marketing expenses...Show More
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