On March 7th, the Bilibili Hong Kong Stock Exchange announced that the total net revenue for the fourth quarter of 2023 and 2023 reached HKD 6.3 billion and HKD 22.5 billion, respectively, an increase of 3% compared to the same period last year; The net losses were 1.3 billion yuan and 4.8 billion yuan, respectively, narrowing by 13% and 36% year-on-year.
As of the time of writing, the Bilibili US stock market fell more than 6% before trading, and had previously risen more than 6%.
According to the announcement, the daily active users of Bilibili in the fourth quarter of 2023 reached 100.1 million, an increase of 8% compared to the same period in 2022.
Specifically, Bilibili's advertising revenue in the fourth quarter of 2023 and 2023 were 1.9 billion yuan (27.17 million US dollars) and 6.4 billion yuan (90.31 million US dollars), respectively, an increase of 28% and 27% year-on-year.
The value-added services revenue in the fourth quarter of 2023 and 2023 were 2.9 billion yuan (40.24 million US dollars) and 9.9 billion yuan (1.4 billion US dollars), respectively, an increase of 22% and 14% year-on-year.
The mobile gaming revenue was 1 billion yuan (141.8 million US dollars), a year-on-year decrease of 12% and a month on month increase of 2%. The year-on-year decrease is mainly due to the high base of Time Hunter 3 launched in the second half of 2022, while the best-performing old games such as Blue Line and FGO have maintained relatively stable revenue.
The revenue of IP derivatives and other services was 556.0 million yuan (78.3 million US dollars), a decrease of 51% compared to the same period in 2022, mainly due to a decrease in revenue from the transfer of esports copyrights.