Bilibili Provides Updates on Financial Guidance and Recent Business Developments
April 29 2022 - 8:00PM
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 that it has updated its net
revenues guidance for the first quarter of 2022 and provided an
update on the Company’s recent developments.
With macro-economic disruption caused by the
unexpected Covid-19 resurgence nationwide in China, and the
increased Covid-19 restrictions and lockdowns in major cities
including Shanghai since mid-March, the Company currently expects
net revenues for the first quarter of 2022 to be in the range of
RMB5.0 billion to RMB5.1 billion. This compares with the range of
RMB5.3 billion to RMB5.5 billion, as previously stated in the 2021
fourth quarter and fiscal year financial results press release
issued on March 3, 2022, which reflected the best information
available at the time.
While the near-term financial impact of Covid-19
is rapidly evolving and difficult to predict, our business
fundamentals remain strong and our vibrant community continues to
grow. Driven by expanding content and the unique community
experience, average monthly active users were 293.6 million in the
first quarter of 2022, an increase of 31.5% year over year. Average
daily active users were 79.4 million, representing an increase of
32.0% year over year. Average daily time spent per user in the
first quarter reached 95 minutes, the highest in the Company’s
operating history.
As our communities have joined together in the
battle against Covid-19, the Company is closely monitoring the
evolving situation. Our top priority remains the health and safety
of our employees, partners, and communities. We are committed to
undertaking the required actions to maintain our business while
doing our utmost to help protect our employees in accordance with
the local health authorities’ recommendations. We deeply appreciate
the commitment of the people as we remain united in working through
this challenge together.
The Company also announced that it will report
its first quarter 2022 unaudited financial results on June 9, 2022,
before the opening of the U.S. markets. It will host an earnings
conference call at 8:00 AM U.S. Eastern Time on the same day (8:00
PM Beijing/Hong Kong time). Details for the conference call are as
follows:
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Event Title: |
Bilibili Inc. First Quarter 2022 Earnings Conference Call |
Conference ID: |
2597295 |
Registration Link: |
http://apac.directeventreg.com/registration/event/2597295 |
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All participants must use the link provided
above to complete the online registration process in advance of the
conference call. Upon registering, each participant will receive a
set of participant dial-in numbers, an event passcode, and a unique
registrant ID, which will be used to join the conference call.
Additionally, a live and archived webcast of the
conference call will be available on the Company’s investor
relations website at http://ir.bilibili.com.
A replay of the conference call will be
accessible by phone two hours after the conclusion of the live call
on the following numbers until June 22, 2022:
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United States: |
+1-855-452-5696 |
International: |
+61-2-8199-0299 |
Hong Kong: |
800-963-117 |
China: |
400-820-9035 |
Replay Access Code: |
2597295 |
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About Bilibili Inc.
Bilibili is an iconic brand and a leading video
community with a mission to enrich the everyday life of young
generations in China. Bilibili offers a wide array of video-based
content with All the Videos You Like as its value proposition.
Bilibili builds its community around aspiring users, high-quality
content, talented content creators and the strong emotional bond
among them. Bilibili pioneered the “bullet chatting” feature, a
live commenting function that has transformed the viewing
experience by displaying thoughts and feelings of other audience
viewing the same video. It has now become the welcoming home of
diverse interests for young generations in China and the frontier
to promote Chinese culture across the world.
For more information, please visit: http://ir.bilibili.com.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “confident,”
“potential,” “continue,” or other similar expressions. Among other
things, the impact of Covid-19, outlook and quotations from
management in this announcement, as well as Bilibili’s strategic
and operational plans, contain forward-looking statements. Bilibili
may also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission, in
its interim and annual reports to shareholders, in announcements,
circulars or other publications made on the website of The Stock
Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including but not limited
to statements about Bilibili’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: the impact of the Covid-19 pandemic on Bilibili’s
business, results of operations, financial condition, and stock
price; Bilibili’s strategies; Bilibili’s future business
development, financial condition and results of operations;
Bilibili’s ability to retain and increase the number of users,
members and advertising customers, provide quality content,
products and services, and expand its product and service
offerings; competition in the online entertainment industry;
Bilibili’s ability to maintain its culture and brand image within
its addressable user communities; Bilibili’s ability to manage its
costs and expenses; PRC governmental policies and regulations
relating to the online entertainment industry, general economic and
business conditions globally and in China and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in the Company’s
filings with the Securities and Exchange Commission and the Hong
Kong Stock Exchange. All information provided in this announcement
and in the attachments is as of the date of the announcement, and
the Company undertakes no duty to update such information, except
as required under applicable law.
For investor and media inquiries, please
contact:
In China:
Bilibili Inc.Juliet YangTel: +86-21-2509 9255
Ext. 8523E-mail: ir@bilibili.com
The Piacente Group, Inc.Emilie WuTel:
+86-21-6039-8363E-mail: bilibili@tpg-ir.com
In the United States:
The Piacente Group, Inc.Brandi PiacenteTel:
+1-212-481-2050E-mail: bilibili@tpg-ir.com
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