Bilibili Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results
Fourth Quarter and Fiscal Year 2023 Highlights:
- Fourth Quarter and Fiscal Year 2023 Highlights:
Total net revenues were RMB6.3 billion (US$894.3 million) in the fourth quarter of 2023 and RMB22.5 billion (US$3.2 billion) in 2023, each increased by 3% compared with the same prior year period. - Advertising revenues were RMB1.9 billion (US$271.7 million) in the fourth quarter of 2023, and RMB6.4 billion (US$903.1 million) in 2023, representing increases of 28% and 27% year over year, respectively.
- Gross profit margin reached 26.1% in the fourth quarter of 2023, improving from 20.3% in the same period last year.
- Net loss was RMB1.3 billion (US$182.6 million) in the fourth quarter of 2023 and RMB4.8 billion (US$677.7 million) in 2023, narrowing by 13% and 36% year over year, respectively.