Bilibili Inc ADR

BILI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Bilibili Earnings: Solid Ads, Improving Margins, and Potential Upside from Conservative Game Outlook

Ivan Su

Nov 17, 2025

Bilibili reported 5% year-over-year revenue growth in the third quarter, as a decline in game revenue was more than offset by a 23% increase in advertising. Management expressed confidence in continuing to gain ad market share.

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Bilibili Inc ADR

Bilibili Earnings: Solid Ads, Improving Margins, and Potential Upside from Conservative Game Outlook

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