vs
Side-by-side financial comparison of Bilibili Inc. (BILI) and Take-Two Interactive (TTWO). Click either name above to swap in a different company.
Take-Two Interactive is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× Bilibili Inc.). Bilibili Inc. runs the higher net margin — 6.0% vs -5.5%, a 11.4% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 24.9%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 10.2%).
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.
Take-Two Interactive Software, Inc. is an American video game holding company based in New York City founded by Ryan Brant in September 1993.
BILI vs TTWO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.7B |
| Net Profit | $75.7M | $-92.9M |
| Gross Margin | 37.0% | 55.7% |
| Operating Margin | 5.8% | -2.3% |
| Net Margin | 6.0% | -5.5% |
| Revenue YoY | 26.2% | 24.9% |
| Net Profit YoY | 143.0% | 25.8% |
| EPS (diluted) | $1.14 | $-0.50 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $965.1M | $1.6B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $843.1M | $1.3B | ||
| Q1 24 | $784.5M | $1.4B |
| Q4 25 | $75.7M | $-92.9M | ||
| Q3 25 | $65.9M | $-133.9M | ||
| Q2 25 | $30.5M | $-11.9M | ||
| Q1 25 | $-1.5M | $-3.7B | ||
| Q4 24 | $-176.0M | $-125.2M | ||
| Q3 24 | $11.4M | $-365.5M | ||
| Q2 24 | $83.7M | $-262.0M | ||
| Q1 24 | $-105.9M | $-2.9B |
| Q4 25 | 37.0% | 55.7% | ||
| Q3 25 | 36.7% | 55.3% | ||
| Q2 25 | 36.5% | 62.8% | ||
| Q1 25 | 36.3% | 50.8% | ||
| Q4 24 | 36.2% | 55.9% | ||
| Q3 24 | 34.9% | 53.8% | ||
| Q2 24 | 29.9% | 57.6% | ||
| Q1 24 | 28.3% | 33.5% |
| Q4 25 | 5.8% | -2.3% | ||
| Q3 25 | 4.6% | -5.5% | ||
| Q2 25 | 3.4% | 1.4% | ||
| Q1 25 | 0.2% | -238.7% | ||
| Q4 24 | -16.0% | -9.7% | ||
| Q3 24 | 0.9% | -22.0% | ||
| Q2 24 | 9.5% | -13.8% | ||
| Q1 24 | -14.5% | -193.9% |
| Q4 25 | 6.0% | -5.5% | ||
| Q3 25 | 6.1% | -7.5% | ||
| Q2 25 | 3.0% | -0.8% | ||
| Q1 25 | -0.2% | -235.5% | ||
| Q4 24 | -17.5% | -9.2% | ||
| Q3 24 | 1.1% | -27.0% | ||
| Q2 24 | 9.9% | -19.6% | ||
| Q1 24 | -13.5% | -207.4% |
| Q4 25 | $1.14 | $-0.50 | ||
| Q3 25 | $1.05 | $-0.73 | ||
| Q2 25 | $0.51 | $-0.07 | ||
| Q1 25 | $0.00 | $-21.27 | ||
| Q4 24 | $0.21 | $-0.71 | ||
| Q3 24 | $-0.03 | $-2.08 | ||
| Q2 24 | $-0.20 | $-1.52 | ||
| Q1 24 | $-1.80 | $-17.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.7B | $2.4B |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $2.2B | $3.5B |
| Total Assets | $5.9B | $10.0B |
| Debt / EquityLower = less leverage | 0.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7B | $2.4B | ||
| Q3 25 | $2.4B | $2.1B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $11.7B | $879.6M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $1.1B | $776.0M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $700.3M | — | ||
| Q4 24 | $662.5M | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $684.5M | — |
| Q4 25 | $2.2B | $3.5B | ||
| Q3 25 | $2.1B | $3.4B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | $1.9B | $5.7B | ||
| Q3 24 | $13.7B | $5.8B | ||
| Q2 24 | — | $6.0B | ||
| Q1 24 | $1.9B | $5.7B |
| Q4 25 | $5.9B | $10.0B | ||
| Q3 25 | $5.6B | $10.1B | ||
| Q2 25 | — | $9.7B | ||
| Q1 25 | $4.6B | $9.2B | ||
| Q4 24 | $4.5B | $12.7B | ||
| Q3 24 | $32.0B | $13.1B | ||
| Q2 24 | — | $12.9B | ||
| Q1 24 | $4.2B | $12.2B |
| Q4 25 | 0.62× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.36× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $263.1M | $305.2M |
| Free Cash FlowOCF − Capex | — | $236.2M |
| FCF MarginFCF / Revenue | — | 13.9% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | 3.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $487.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $263.1M | $305.2M | ||
| Q3 25 | $283.2M | $128.4M | ||
| Q2 25 | $277.7M | $-44.7M | ||
| Q1 25 | $179.4M | $279.0M | ||
| Q4 24 | $191.9M | $-4.8M | ||
| Q3 24 | $2.2B | $-128.4M | ||
| Q2 24 | — | $-191.0M | ||
| Q1 24 | $88.3M | $-8.9M |
| Q4 25 | — | $236.2M | ||
| Q3 25 | — | $96.5M | ||
| Q2 25 | — | $-69.8M | ||
| Q1 25 | $174.5M | $224.9M | ||
| Q4 24 | — | $-48.2M | ||
| Q3 24 | — | $-165.2M | ||
| Q2 24 | — | $-226.1M | ||
| Q1 24 | — | $-55.1M |
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | 18.1% | 14.2% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | -12.2% | ||
| Q2 24 | — | -16.9% | ||
| Q1 24 | — | -3.9% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | 0.5% | 3.4% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | 3.47× | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 9.11× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 195.23× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BILI
| Value-added services (VAS) | $466.4M | 37% |
| Advertising | $435.0M | 34% |
| Mobile games | $220.3M | 17% |
| Other | $80.8M | 6% |
| IP derivatives and others | $68.2M | 5% |
TTWO
Segment breakdown not available.
