Bilibili Inc.BILIEarnings & Financial Report
Bilibili, nicknamed B Site, is a Chinese online video sharing website based in Shanghai where users can submit, view, and add overlaid commentary on videos.
Revenue
$1.1B
Gross Profit
$395.8M
Operating Profit
$49.7M
Net Profit
$65.9M
Gross Margin
36.7%
Operating Margin
4.6%
Net Margin
6.1%
YoY Growth
3.7%
EPS
$1.05
Bilibili Inc. Q3 FY2025 Financial Summary
Bilibili Inc. reported revenue of $1.1B (up 3.7% YoY) for Q3 FY2025, with a net profit of $65.9M (up 478.4% YoY) (6.1% margin). Cost of goods sold was $683.7M, operating expenses totaled $346.1M.
Key Financial Metrics
| Total Revenue | $1.1B |
|---|---|
| Net Profit | $65.9M |
| Gross Margin | 36.7% |
| Operating Margin | 4.6% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Bilibili Inc. Q3 FY2025 revenue of $1.1B breaks down across 4 segments, led by Value-added services (VAS) at $424.6M (39.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Value-added services (VAS) | $424.6M | 39.3% |
| Advertising | $361.0M | 33.4% |
| Mobile games | $212.2M | 19.7% |
| IP derivatives and others | $81.8M | 7.6% |
Bilibili Inc. Revenue by Segment — Quarterly Trend
Bilibili Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Value-added services (VAS) and Advertising) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Value-added services (VAS) | $466.4M | $424.6M | $396.0M | — |
| Advertising | $435.0M | $361.0M | $341.9M | $275.3M |
| Mobile games | $220.3M | $212.2M | $225.1M | $238.6M |
| IP derivatives and others | $68.2M | $81.8M | $61.4M | $64.4M |
Bilibili Inc. Annual Revenue by Year
Bilibili Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.3B |
| 2024 | $3.7B |
| 2023 | $3.2B |
| 2022 | $3.2B |
| 2021 | $3.0B |
| 2020 | $1.5B |
Bilibili Inc. Quarterly Revenue & Net Profit History
Bilibili Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.3B | +26.2% | $75.7M | 6.0% |
| Q3 FY2025 | $1.1B | +3.7% | $65.9M | 6.1% |
| Q2 FY2025 | $1.0B | +21.5% | $30.5M | 3.0% |
| Q1 FY2025 | $965.1M | +23.0% | $-1.5M | -0.2% |
| Q4 FY2024 | $1.0B | +11.0% | $-176.0M | -17.5% |
| Q3 FY2024 | $1.0B | +30.8% | $11.4M | 1.1% |
| Q2 FY2024 | $843.1M | +15.3% | $83.7M | 9.9% |
| Q1 FY2024 | $784.5M | +6.3% | $-105.9M | -13.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $784.5M | $843.1M | $1.04B | $1.01B | $965.1M | $1.02B | $1.08B | $1.27B |
| YoY Growth | 6.3% | 15.3% | 30.8% | 11.0% | 23.0% | 21.5% | 3.7% | 26.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.19B | N/A | $32.02B | $4.48B | $4.59B | N/A | $5.61B | $5.89B |
| Liabilities | $2.26B | N/A | $18.30B | $2.55B | $2.60B | N/A | $3.52B | $3.66B |
| Equity | $1.93B | N/A | $13.72B | $1.93B | $1.98B | N/A | $2.09B | $2.23B |
Cash Flow
| Q1 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $88.3M | $2.23B | $191.9M | $179.4M | $277.7M | $283.2M | $263.1M |