Bilibili (ADR)
Operates a China-focused video community built around creators and interactive comments.
Something off on this page? Send us feedback.
Profile
Combines a full-spectrum video community with value-added services, advertising, mobile games, and IP derivatives. Its China-focused platform pairs content and creators with an interactive comment system, while operations rest principally on PRC subsidiaries and VIEs.
Built around user-generated video and scrolling "bullet chatting" comments, the platform has broadened into a full-spectrum video community for younger generations in China. Its community connects aspiring users, content, creators, and their emotional bonds. Participation and interactive video consumption shape the community-first strategy.
Revenue comes from value-added services, advertising, mobile games, and IP derivatives and other services. Value-added offerings include live broadcasting, professionally generated video, audio drama, comics, paid fan content, and premium courses. The Cayman holding company operates principally through PRC subsidiaries, variable interest entities, and their subsidiaries, making its structure and PRC operating footprint central to the business.
Company facts
Categories
Key statistics
Year to date −37.1% · Average volume (30d) 2.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Piper Sandler | Target | $29 | |||
| Aug 27, 2026 | Morgan Stanley | Reiterate | Overweight | $14 | $27 | |
| May 19, 2026 | Macquarie | Target | $36.03 | $30 | ||
| Apr 13, 2026 | Morgan Stanley | Upgrade | Equal Weight | Overweight | ||
| Mar 27, 2026 | Citigroup | Upgrade | Neutral | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 27, 2026Q2 FY26 | $0.23 | $0.23 | 0.0% | $1.17B | $1.17B | +0.2% | +3.84% |
| May 19, 2026Q1 FY26 | $0.17 | $0.19 | +11.8% | $1.09B | $1.08B | −0.3% | −8.50% |
| Mar 5, 2026Q4 FY25 | $0.27 | $0.28 | +3.7% | $1.16B | $1.19B | +2.3% | −3.44% |
| Nov 13, 2025Q3 FY25 | $0.21 | $0.24 | +16.2% | $1.15B | $1.08B | −5.8% | +1.12% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $1.09B | $1.14B | $1.24B | $1.11B | $1.18B | |
| Gross profit | $377.8M | $398.1M | $419.3M | $458.5M | $410.1M | $444.5M | |
| Operating income | $2.2M | $37.4M | $52.7M | $75.0M | $24.7M | $55.3M | |
| Net income | −$1.4M | $32.6M | $70.0M | $76.4M | $31.0M | $51.0M | |
| Diluted EPS | −$0.00 | $0.08 | $0.16 | $0.17 | $0.07 | $0.11 | |
| Gross margin | 36.3% | 36.5% | 36.7% | 37.0% | 37.1% | 37.7% | |
| Operating margin | 0.2% | 3.4% | 4.6% | 6.1% | 2.2% | 4.7% |
Fiscal years (4-quarter sums)FY21 $2.88B · FY22 $3.26B · FY23 $3.35B · FY24 $3.99B · FY25 $4.52B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $3.62B · Total debt $1.42B · Total assets $6.32B · Shareholders' equity $2.37B
Dividends
No dividends on record.
Ownership
Shares outstanding 419.46M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Rui Chen · director, 10 percent owner, officer: Chairman of the Board and CEO | 48.03M | 11.45% | Form 4 | Mar 17, 2026 |
| Yi Xu · director, officer: President | 24.51M | 5.84% | Form 4 | Mar 17, 2026 |
| Norges Bank | 17.64M | 5.17% | 13G | Apr 28, 2026 |
| Ni Li · director, officer: Vice Chairwoman and COO | 8.20M | 1.95% | Form 4 | Mar 17, 2026 |
| Morgan Stanley | 3.80M | 0.91% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Alibaba Group (ADR)
Long-form video and content-advertising overlap
- NetEase (ADR)
Mobile game development and publishing overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bilibili (ADR) | $16.60 | +0.06% | $6.96B | 33.1 | 19.5 | 1.5 | +14.1% |
| Alibaba Group (ADR) | $118.57 | −0.26% | $284.99B | 27.1 | 18.1 | 1.8 | +14.8% |
| NetEase (ADR) | $122.56 | −0.11% | $78.37B | 16.4 | 15.1 | 4.5 | +13.9% |
| Median | 21.8 | 16.6 | 3.2 | +14.4% |




