On March 7, 2024, Bilibili released its Q4 and full year financial reports. The net income for the fourth quarter of 2023 was 6.3 billion yuan, with a market expectation of 6.32 billion yuan, compared to 6.1 billion yuan in the same period last year. The net income for the full year of 2023 was 22.5 billion yuan, an increase of 3% compared to the same period last year.
Specifically, Bilibili's gaming revenue for the whole year of 2023 was 4 billion yuan, a year-on-year decrease of 20%. The reason for the decline is attributed to the decrease in the number of new game releases and revenue, and it is stated that the revenue of Blue Line and FGO has remained relatively stable. At present, there are three proxy games in the Bilibili game reserve that have obtained licenses and are planned to be launched and operated in the next few quarters, including strategy games "Three Kingdoms: Plan the World", card games "Blazing Sky" and "Wuhua Mixin".