On March 11th, the Hong Kong stock price of Bilibili continued to rise, with an intraday increase of over 15%. As of press release, it still rose by over 14%.
Recently, Bilibili released its unaudited financial reports for the fourth quarter and full year ended December 31, 2023.
The financial report shows that in 2023, the total revenue of Bilibili reached 22.53 billion yuan, an increase of 3% year-on-year; After adjustment, the net loss was 3.4 billion yuan, a year-on-year decrease of 49%. The total revenue in the fourth quarter reached 6.35 billion yuan, a 3% increase from 6.14 billion yuan in the same period last year.
Chen Rui, Chairman and CEO of Bilibili, stated in a conference call after the financial report was released that he is confident in achieving a profit reversal in the third quarter of 2024 and starting to make profits.