Bilibili Reports Net Revenue of $907M in Q4 2021, Up 51% YoY

Leading Chinese video streaming platform Bilibili on Thursday announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.

Bilibili’s total net revenue in the fourth quarter was 5.7808 billion yuan ($907.1 million), representing an increase of 51% from the same period in 2020. Additionally, total net revenue in 2021 was 19.4 billion yuan, representing an increase of 62% from 2020.

Its net loss in the fourth quarter was 2.0958 billion yuan, compared with 843.7 million yuan in the same period of 2020. The firm’s net loss in fiscal year 2021 was 6.8 billion yuan, compared with 3.1 billion yuan in 2020.

The average monthly active users (MAUs) of Bilibili reached 271.7 million, while mobile MAUs reached 252.4 million, both representing increases of 35% from the same period in 2020. In addition, average daily active users (DAUs) and average monthly paying users (MPUs) saw increases.

Chen Rui, Chairman and CEO of Bilibili, issued the following statement: “Our community remained highly active and engaged in the fourth quarter. Stepping into 2022, we are committed to our healthy growth strategy to further expand our user base and we will actively explore commercialization opportunities within our tight bonded video community. At the same time, we will focus on strengthening our execution and improving operating efficiency across our businesses.”

Moreover, Bilibili announced on Thursday that its board of directors has authorized a share repurchase program under which the company may repurchase up to $500 million of its ADSs throughout the next 24 months. The company plans to fund the repurchases with its existing cash balance.

Chen Rui added that he will use personal funds to purchase up to $10 million of the company’s ADSs in the open market over the next 24 months.

Source: Pandaily

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