$Bilibili(BILI.US)$, a leading online entertainment platform for young generations in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020.
Bilibili shares have increased 48% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $127.14, more than quadrupling in the last 12 months.
Earnings Highlights
Total net revenues reached RMB3,840.1 million (US$588.5 million), a 91% increase from the same period in 2019.
Average monthly active users (MAUs) reached 202.0 million, and mobile MAUs reached 186.5 million, representing increases of 55% and 61%, respectively, from the same period in 2019.
Average daily active users (DAUs) reached 54.0 million, a 42% increase from the same period in 2019.
Average monthly paying users (MPUs1) reached 17.9 million, a 103% increase from the same period in 2019.