Bilibili Inc. Announces Second Quarter 2023 Financial Results
SHANGHAI, China, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.
- SHANGHAI, China, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.
- “We accomplished substantial gross profit improvement and notable losses reduction in the second quarter,” said Mr. Rui Chen, chairman and chief executive officer of Bilibili.
- Through the dedicated execution of our strategies, our advertising revenues increased by 36% year-over-year in the second quarter of 2023.
- Our gross profit increased significantly by 66% year-over-year, driving our gross profit margin improved to 23% in the second quarter.