New Street: BILI 1Q22 Results - 2H Recovery in Place
What's new: Bilibili Inc reported 1Q22 top-line results and guidance were largely in-line with consensus and our expectations. Guidance reflects near-term pressure in ads and e-commerce amid rolling covid lockdowns in Shanghai back in April and May. As restrictions have started to ease, top-line growth could start to recover, and margin could start to improve in the 2H. We maintain our PT at USD 40.Analysts:
Jin Yoon
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