5 Notable Quarterly Reports to Watch

In this article, we discuss the 5 notable quarterly reports to watch. If you want to read our detailed analysis of these companies, go directly to the 10 Notable Quarterly Reports to Watch.

5. Bilibili Inc. (NASDAQ:BILI)

Number of Hedge Fund Holders: 47

Shares of Bilibili Inc. (NASDAQ:BILI) fell nearly nine percent on Wednesday, 17 November 2021, after announcing its financial results for the third quarter. The online entertainment platform reported an adjusted loss of 65 cents per share, wider than the adjusted loss of 41 cents per share in the year-ago quarter.

Analysts were expecting Bilibili Inc. (NASDAQ:BILI) to post a loss of 68 cents per share. In addition, revenue for the quarter jumped 61 percent versus last year to $808.0 million but missed the consensus forecast of $811.5 million.

If we look at the performance of key segments, revenue from mobile games increased 9 percent on a year-over-year basis to $216 million, while revenue from value-added services climbed 95 percent to $296.3 million in the quarter. In comparison, advertising revenue in the quarter skyrocketed 110 percent versus last year to $181.9 million.

Speaking on the results, CEO Rui Chen said:

“During our peak summer season, user growth surged, engagement levels reached an all-time high, and we continued to expand our topline. In the third quarter, MAUs and DAUs each grew 35% year-over-year, advancing us toward our 3-year growth goal. Importantly, our community is stickier and more engaged than ever. Users spent an average of 88 minutes per day on Bilibili, the longest time we have seen in our operating history.”