BILIBILI-W (09626) releases annual performance, with adjusted net profit of 2.59 billion yuan, turning a loss into a profit year-on-year.

Bilibili-W (09626) released its financial performance for the year 2025, with the group achieving a total net operating revenue of 30.35 billion RMB, a 13% increase compared to the previous year; net profit was 1.19 billion RMB, compared to a net loss of 1.36 billion RMB in the same period last year; adjusted net profit was 2.59 billion RMB, compared to an adjusted net loss of 39 million RMB last year; basic earnings per share were 2.85 RMB. In the fourth quarter of 2025, the group achieved a total net operating revenue of 8.32 billion RMB, an 8% increase compared to the previous year; net profit was 514 million RMB, an increase of 478% compared to the previous year; adjusted net profit was 878 million RMB, an increase of 94% compared to the previous year. "2025 was a milestone year for Bilibili, we witnessed strong community growth and achieved annual profit for the first time under US GAAP," said Mr. Chen Rui, Chairman and CEO of Bilibili. "Our various user metrics have all shown improvement, especially in terms of daily active users, which has seen accelerating growth for four consecutive quarters. In the fourth quarter, our daily active users reached 113 million, a 10% increase compared to the previous year; monthly active users reached 366 million, an 8% increase compared to the previous year. Over the past year, we have continued to improve our commercial execution, unlock the inherent value of the community, set a new record for monthly paying users, and accelerate advertising revenue growth. In an environment filled with "fast-food" content, Bilibili's long-term commitment to high-quality content has set us apart and earned the trust of more and more loyal users. As we enter 2026 an era where AI is reshaping content creation, community experience, and business efficiency we are confident in seizing these opportunities and opening a new chapter of sustainable growth." Mr. Fan Xin, CFO of Bilibili, said: "Over the past year, with strong financial execution and growth momentum, we achieved annual profit for the first time under US GAAP. In the fourth quarter, net operating revenue increased by 8% to 8.32 billion RMB, with advertising revenue accelerating by 27%. While improving monetization efficiency, we have maintained effective cost control, further enhancing operating leverage. In the fourth quarter, our adjusted net profit nearly doubled year-on-year, with an adjusted net profit margin of 10.6%. With stronger profit capabilities and a robust balance sheet, we enter 2026 with greater flexibility. We will continue to prudently allocate capital to support our future growth and create long-term value."