Opinion News: On May 24, Citigroup released a research report stating that Bilibili's total revenue in the first quarter of fiscal year 2024 increased by 12% year-on-year, exceeding Citi and market expectations by 2% and 1%.
Specifically, Bilibili's mobile games revenue fell by 13% year-on-year, lower than Citi's forecast of 3%; value-added services revenue increased by 17% year-on-year, higher than Citi's forecast of 3%; advertising revenue increased by 31% year-on-year, also higher than Citi's forecast of 3%.
In addition, non-GAAP gross profit margin increased from the fourth quarter of last year.houseoffunslotsfreecoinsthe 26houseoffunslotsfreecoins.4% increased to the first quarter of this yearhouseoffunslotsfreecoinsthe 28houseoffunslotsfreecoins.6%, and operating profit margin improved from minus 10% in the fourth quarter of last year to minus 9% in the first quarter of this year.
In terms of earnings, Beilai's non-GAAP net loss in the first quarter was 440 million yuan, a decrease from Citigroup and market expectations of 496 million yuan and 498 million yuan.