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May 10, 2024

CLSA Forecasts Bilibili (BILI.US) 1Q24 Rev. to Increase 13.5%, Adj. Net Loss to Narrow to RMB514M

In a recent report, CLSA forecasted the total revenue of Bilibili (BILI.US)      in 1Q24 to increase by 13.5% YoY to RMB5.8 billion, with adjusted net loss narrowing to RMB514 million. The company's mobile game revenue is expected to decline by 10% YoY as it has not released major games in the period. Still, Bilibili's new game "Wuhua Mixin", which was launched in April, has been well received by players. With three new games in the pipeline, the company is poised to resume YoY growth in mobile game revenue by this year.

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