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Bilibili Stock: Bilibili Earnings Top Views, But Chinese Internet Stock Falls

August 20, 2021
Source: internetdo.com internetdo.com
News Snapshot:
China-based Bilibili (BILI) reported better-than-expected second-quarter results early Thursday as daily active users climbed 24%. But Bilibili stock fell. X The company reported an adjusted loss of 35 cents a share on revenue of $696 million. Analysts expected Bilibili to report an adjusted loss of 46 cents a share on revenue of $662 million. Revenue jumped 72% from the year-ago period. Average daily active users climbed 24% to 62.7 million. Also, paying users surged 62% to 20.9 million. The company expects third-quarter revenue in the range of $785.6 million to $801 million. The midrange of $793.3 million is above analyst...
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