New Street Research - Bilibili Inc. Sponsored ADR Class Z (BILI) New Street: BILI 1Q21 Earnings - Outlook Suggests Strength Across Core Segments

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New Street Research

Jin Yoon

New Street: BILI 1Q21 Earnings - Outlook Suggests Strength Across Core Segments

What's new: Bilibili Inc reported 1Q21 top-line results were above consensus and our expectations. Guidance reflects robust momentum in non-gaming segments such as VAS, advertising, and e-commerce. While gaming revenue growth could be pushed out to 2H21 due to delay in key gaming titles such as Artery Gear and Sword Art Online. We maintain our PT at USD140, which implies a 11.5x FY22 EV/Rev.

Analysts:
Jin Yoon

17/05/2021 7 EN

Underlying

Bilibili Inc. Sponsored ADR Class Z

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US0900401060 NASDAQ Stock Market Cayman Islands

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New Street Research

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Analysts

Jin Yoon

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GlobeNewsWire

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New Street: BILI 1Q21 Earnings - Outlook Suggests Strength Across Core Segments

BILI 1Q24 Preview: Top-line Remains Intact

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

Bilibili Publishes 2023 Environmental, Social and Governance Report

CHTR: quick thoughts following the call

Altice France (SFR)/Orange/Iliad/Bouygues ARCEP 2023 customer survery results

NSR Policy Quick Take: 2nd Circuit Upholds New York Law Requiring Low-Income Broadband Offering

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