By Jiahui Huang
Bilibili's revenue in the latest quarter rose as higher advertising and livestreaming revenue offset a drop in mobile-game sales.
The Chinese video-streaming company said Thursday that total net revenue for the fourth quarter rose 3.4% from a year earlier to 6.35 billion yuan ($882.2 million). That matched a consensus estimate in a FactSet poll of analysts and marked an expansion from third-quarter revenue.
Quarterly net loss was CNY1.30 billion, narrowing from CNY1.49 billion in the year-ago period, helped by lower operating expenses. The bottom line missed a FactSet estimate for net loss of CNY1.24 billion.
Adjusted net loss, which excludes share-based compensation expenses and fair-value changes in some investments, among other items, was CNY555.6 million in the quarter, beating an estimate for adjusted net loss of CNY583.8 million.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
03-07-24 0538ET