Chinese video platform Bilibili achieves quarterly profitability for first time

Quick Summary:

The Shanghai-based company recorded an adjusted net profit of 235.9 million yuan (US$33.6 million) during the third quarter.

The improved earnings came on the back of strong growth in its high-margin mobile games business, which saw an 84 per cent year-on-year surge in revenue.

It still has not recorded an annual net profit since going public.

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Article Details

Author / Journalist: Ann Cao

Category: Technology

Markets: Hong KongChinaSouth Korea

Topics: Recorded Yuan Adjusted Quarter Profit Shanghai-based Million Bilibili Year Company (us$33

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 23:11:43 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 245 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23587513

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