New Street Research - Bilibili Inc. Sponsored ADR Class Z (BILI) BILI 2Q23 Results: Gaming Rev Growth Pushed to FY24

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New Street Research

Jin Yoon

BILI 2Q23 Results: Gaming Rev Growth Pushed to FY24

What's new: Bilibili’s reported 2Q23 results were above consensus and our expectations partly driven by resiliency in ads. The company revised down FY23 outlook amid delay in certain game launches and lower-than-expected contribution from non-core businesses. Revenue contribution from Pretty Derby could be limited in 2H. We maintain our PT at USD 30.

Analysts:
Jin Yoon

21/08/2023 1 EN

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Bilibili Inc. Sponsored ADR Class Z

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US0900401060 NASDAQ Stock Market Cayman Islands

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Analysts

Jin Yoon

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BILI 2Q23 Results: Gaming Rev Growth Pushed to FY24

Bilibili Inc. to Report First Quarter 2024 Financial Results on Thursday, May 23, 2024

BILI 1Q24 Preview: Top-line Remains Intact

Bilibili Inc. to Hold Annual General Meeting on June 28, 2024

Bible 1Q24 – Foundries: leading-edge strong; Trailing-edge correction playing out.

VEON (Buy, TP: $40, +55%) Thoughts after the call

Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

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