Bilibili Inc. Announces First Quarter 2026 Financial Results

Bilibili Inc. reported its unaudited financial results for the first quarter ended March 31, 2026. The company saw a year-over-year increase of 7% in total net revenues, reaching RMB 7.47 billion (US$1.08 billion). Advertising revenues grew significantly by 30% year-over-year to RMB 2.59 billion. Gross profit increased by 9% to RMB 2.77 billion, with a gross profit margin of 37.1%. Notably, Bilibili achieved a net profit of RMB 202.0 million, a substantial turnaround from a net loss of RMB 10.7 million in the same period last year. Adjusted net profit also saw a strong increase of 62% year-over-year to RMB 585.4 million. Average daily active users (DAUs) increased by 8% to 115.2 million, and average daily time spent by users rose to 119 minutes. The company also completed its US$200 million share repurchase program, having repurchased 9.9 million securities in total.