Bilibili (BILI, Financial) reported impressive financial results for the fourth quarter of 2024, with revenue reaching 7.73 billion yuan. This marks an increase from the 6.35 billion yuan recorded in the same period of the previous year and surpasses the market's expectation of 7.639 billion yuan.
The company achieved a net profit of 0.09 billion yuan for the quarter, a significant improvement compared to a net loss of 1.296 billion yuan during the same quarter last year. Adjusted earnings per share (EPS) were 1.08 yuan, exceeding the anticipated 0.97 yuan.
For the full year 2024, Bilibili's total revenue amounted to 26.83 billion yuan, representing a 19% year-over-year growth. This growth was primarily driven by robust performance in advertising and mobile gaming segments, with revenues from these areas growing by 28% and 40%, respectively.