Lates News

Dahe released a report stating that Bilibili's adjusted profit for the first quarter exceeded market expectations by 30%, mainly due to operating expenses being lower than expected. This is also the third consecutive quarter to achieve positive earnings. Gross profit margin expanded to 36.3%, an increase of 8 percentage points year-on-year, reflecting a favorable shift in revenue mix towards high-profit sectors (advertising and games). Management emphasizes the continuous improvement of monetization efficiency and remains focused on profitable and sustainable growth. Based on the clear prospects for Bilibili's long-term profitability, Dahe has raised its earnings per share forecast for 2025 to 2026 by 9% to 14% and reiterated a "buy" rating with a target price raised from HK$230 to HK$240.