Bilibili's Q1 2025 revenues jump 24%, narrows net loss

Bilibili Inc. (HKEX:9626) today announced its unaudited financial results for the first quarter ended March 31, 2025, showcasing significant revenue growth and a substantial narrowing of its net loss. Total net revenues reached RMB7.00 billion, a 24% increase year-over-year. Advertising revenues rose by 20% to RMB2.00 billion, while mobile games revenues surged by 76% to RMB1.73 billion. Gross profit increased by 58% to RMB2.54 billion, improving gross profit margin to 36.3%. The company significantly narrowed its net loss to RMB10.7 million, a 99% improvement year-over-year. Adjusted net profit reached RMB361.5 million, compared to an adjusted net loss last year. Average daily active users (DAUs) grew to 106.7 million. Furthermore, Bilibili announced changes to its board committees, separating the Nominating and Corporate Governance Committee into two distinct entities.