Poor manag_老虎社区_美港股上老虎

JoeTeo
2021-11-17

Poor management. Everything up including operation cost

Bilibili slid over 5% in premarket trading as its net loss was RMB2,686.3 million<blockquote>哔哩哔哩盘前交易下跌逾5%，净亏损为人民币26.863亿元</blockquote>

Bilibili slid over 5% in premarket trading as its net loss was RMB2,686.3 million. Third Quarter 20

Bilibili slid over 5% in premarket trading as its net loss was RMB2,686.3 million<blockquote>哔哩哔哩盘前交易下跌逾5%，净亏损为人民币26.863亿元</blockquote>

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{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":878307533,"tweetId":"878307533","gmtCreate":1637145330757,"gmtModify":1637145330757,"author":{"id":3576191918621715,"idStr":"3576191918621715","authorId":3576191918621715,"authorIdStr":"3576191918621715","name":"JoeTeo","avatar":"https://static.tigerbbs.com/032052b3d62ade6d5eb61549b1c62c38","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Poor management.&nbsp;Everything up&nbsp; including operation cost&nbsp;</body></html>","htmlText":"<html><head></head><body>Poor management.&nbsp;Everything up&nbsp; including operation cost&nbsp;</body></html>","text":"Poor management. Everything up including operation cost","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/878307533","repostId":1131115107,"repostType":4,"repost":{"id":"1131115107","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637143503,"share":"https://www.laohu8.com/m/news/1131115107?lang=zh_CN&edition=full","pubTime":"2021-11-17 18:05","market":"us","language":"en","title":"Bilibili slid over 5% in premarket trading as its net loss was RMB2,686.3 million<blockquote>哔哩哔哩盘前交易下跌逾5%，净亏损为人民币26.863亿元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131115107","media":"Tiger Newspress","summary":"Bilibili slid over 5% in premarket trading as its net loss was RMB2,686.3 million.\n\nThird Quarter 20","content":"Bilibili slid over 5% in premarket trading&nbsp;as its net loss was RMB2,686.3 million.<blockquote>哔哩哔哩盘前交易下跌超过5%，净亏损为人民币26.863亿元。</blockquote> <img src=\"https://static.tigerbbs.com/2c3a341dd401439bc57670cc2be26245\" tg-width=\"766\" tg-height=\"563\" referrerpolicy=\"no-referrer\"><blockquote></blockquote> Third Quarter 2021 Highlights:<blockquote>2021年第三季度亮点：</blockquote> <ul> <li>Total net revenuesreached RMB5,206.6 million (US$808.0 million), a 61% increase from the same period in 2020.</li> <li>Average monthly active users (MAUs)reached 267.2 million, and mobile MAUs reached 249.9 million, representing increases of 35% and 36%, respectively, from the same period in 2020.</li> <li>Average daily active users (DAUs)reached 72.1 million, a 35% increase from the same period in 2020.</li> <li>Average monthly paying users (MPUs1)reached 23.9 million, a 59% increase from the same period in 2020.</li> </ul> Third Quarter 2021 Financial Results<blockquote><ul><li>净收入总额达到人民币52.066亿元（8.080亿美元），较2020年同期增长61%。</li><li>平均每月活跃用户(MAU)达到2.672亿，移动月活跃用户数达到2.499亿，较2020年同期分别增长35%和36%。</li><li>平均每日活跃用户(DAU)达到7210万，较2020年同期增长35%。</li><li>平均每月付费用户(MPUs1)达到2390万，较2020年同期增长59%。</li></ul>2021年第三季度财务业绩</blockquote> Total net revenues.Total net revenues were RMB5,206.6 million (US$808.0 million), representing an increase of 61% from the same period of 2020.<blockquote>净收入总额。总净收入为人民币52.066亿元（8.080亿美元），较2020年同期增长61%。</blockquote> Mobile games.Revenues from mobile games were RMB1,391.7 million (US$216.0 million),&nbsp;representing an increase of 9% from the same period of 2020.<blockquote>手机游戏。手机游戏收入为人民币1,391.7百万元（216.0百万美元），较2020年同期增长9%。</blockquote> Value-added services (VAS).Revenues from VAS were RMB1,908.9 million (US$296.3 million), representing an increase of 95% from the same period of 2020, mainly attributable to the Company’s enhanced monetization efforts, led by an increased number of paying users for the Company’s value-added services including the premium membership program, live broadcasting services and other value-added services.<blockquote>增值服务（VAS）。增值服务收入为人民币1,908.9百万元（296.3百万美元），较2020年同期增长95%，主要归因于公司加大变现力度，主要是由于公司增值服务（包括高级会员计划、直播服务及其他增值服务）的付费用户数量增加。</blockquote> Advertising.Revenues from advertising were RMB1,172.0 million (US$181.9 million), representing an increase of 110% from the same period of 2020. This increase was primarily attributable to further recognition of Bilibili’s brand name in China’s online advertising market, as well as Bilibili’s improved advertising efficiency.<blockquote>做广告。广告收入为人民币1,172.0百万元（181.9百万美元），较2020年同期增长110%。这一增长主要归因于哔哩哔哩品牌在中国在线广告市场的进一步认可，以及哔哩哔哩广告效率的提高。</blockquote> E-commerce and others.Revenues from e-commerce and others were RMB734.0 million (US$113.9 million), representing an increase of 78% from the same period of 2020, primarily attributable to the increase in sales of products through the Company’s e-commerce platform.<blockquote>电子商务和其他。电子商务及其他收入为人民币734.0百万元（113.9百万美元），较2020年同期增长78%，主要归因于通过公司电子商务平台销售的产品增加。</blockquote> Cost of revenues.Cost of revenues was RMB4,188.1 million (US$650.0 million), representing an increase of 70%, compared with the same period of 2020. Revenue-sharing cost, a key component of cost of revenues, was RMB2,157.5 million (US$334.8 million), representing an increase of 83% from the same period in 2020.<blockquote>收入成本。收入成本为人民币4,188.1百万元（650.0百万美元），较2020年同期增长70%。收入分成成本是收入成本的主要组成部分，为人民币2,157.5百万元（334.8百万美元），较2020年同期增长83%。</blockquote> Gross profit.Gross profit was RMB1,018.5 million (US$158.1 million), representing an increase of 34% from the same period in 2020, which was primarily due to increased net revenues.<blockquote>毛利。毛利为人民币1,018.5百万元（158.1百万美元），较2020年同期增长34%，主要是由于净收入增加。</blockquote> Total operating expenses.Total operating expenses were RMB2,896.5 million (US$449.5 million), representing an increase of 57% from the same period of 2020.<blockquote>总运营费用。总营业费用为人民币28.965亿元（4.495亿美元），较2020年同期增长57%。</blockquote> Sales and marketing expenses.Sales and marketing expenses were RMB1,633.3 million (US$253.5 million), representing a 37% increase year-over-year. The increase was primarily attributable to increased channel and marketing expenses to promote Bilibili’s app and brand, as well as promotional expenses for the Company’s mobile games and an increase in headcount in sales and marketing personnel.<blockquote>销售和营销费用。销售及营销费用为人民币16.333亿元（2.535亿美元），同比增长37%。该增加主要归因于推广哔哩哔哩应用程序和品牌的渠道和营销费用增加，以及公司手机游戏的推广费用以及销售和营销人员人数增加。</blockquote> General and administrative expenses.General and administrative expenses were RMB474.9 million (US$73.7 million), representing an 87% increase year-over-year. The increase was primarily due to increased headcount in general and administrative personnel, increased share-based compensation expenses, higher rental expenses and other general and administrative expenses.<blockquote>一般和行政费用。一般及管理费用为人民币4.749亿元（7370万美元），同比增长87%。该增加主要由于一般及行政人员人数增加、以股份为基础的薪酬开支增加、租金开支及其他一般及行政开支增加所致。</blockquote> Research and development expenses.Research and development expenses were RMB788.3 million (US$122.3 million), representing a 97% increase year-over-year. The increase was primarily due to increased headcount in research and development personnel and increased share-based compensation expenses.<blockquote>研发费用。研发费用为人民币7.883亿元（1.223亿美元），同比增长97%。该增加主要是由于研发人员人数增加以及以股份为基础的薪酬开支增加。</blockquote> Loss from operations.Loss from operations was RMB1,878.0 million (US$291.5 million), compared with RMB1,083.3 million in the same period of 2020.<blockquote>运营损失。运营亏损为人民币1,878.0百万元（291.5百万美元），而2020年同期为人民币1,083.3百万元。</blockquote> Investment income/(loss), net.Net investment income/(loss) primarily included return earned on financial products issued by banks and other financial institutions, return from investments in money market funds, and the fair value change of investments in publicly traded companies. Net investment loss was RMB724.3 million (US$112.4 million), compared with net investment income of RMB14.2 million in the same period of 2020. The change was mainly attributable to the fair value change of investments in publicly traded companies.<blockquote>投资收入╱（亏损）净额。净投资收益╱（亏损）主要包括银行及其他金融机构发行的金融产品所赚取的回报、投资货币市场基金的回报及投资于上市公司的公允价值变动。净投资亏损为人民币7.243亿元（1.124亿美元），而2020年同期净投资收益为人民币1420万元。该变动主要由于于上市公司投资的公平值变动所致。</blockquote> Income tax expense.Income tax expense was RMB28.3 million (US$4.4 million), compared with RMB17.3 million in the same period of 2020.<blockquote>所得税费用。所得税费用为人民币28.3百万元（4.4百万美元），而2020年同期为人民币17.3百万元。</blockquote> Net loss.Net loss was RMB2,686.3 million (US$416.9 million), compared with RMB1,100.9 million in the same period of 2020.<blockquote>净损失。净亏损为人民币26.863亿元（4.169亿美元），而2020年同期为人民币11.009亿元。</blockquote> Adjusted net loss2.Adjusted net loss, which is a non-GAAP measure that excludes share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions, income tax related to intangible assets acquired through business acquisitions and loss/(gain) on fair value change in investments in publicly traded companies, was RMB1,622.0 million (US$251.7 million), compared to RMB967.1 million in the same period of 2020.<blockquote>调整后净亏损2。调整后净亏损是一项非公认会计准则衡量标准，不包括股权激励费用、与通过业务收购收购的无形资产相关的摊销费用、与通过业务收购收购的无形资产相关的所得税以及公允价值变动损失/（收益）上市公司投资为人民币16.22亿元（2.517亿美元），而2020年同期为人民币9.671亿元。</blockquote> Basic and diluted EPS and adjustedbasic and diluted EPS2. Basic and diluted net loss per share were RMB6.90 (US$1.07), compared with RMB3.08 in the same period of 2020. Adjusted basic and diluted net loss per share were RMB4.16 (US$0.65), compared with RMB2.70 in the same period of 2020.<blockquote>基本和稀释每股收益以及调整后基本和稀释每股收益2每股基本及摊薄净亏损为人民币6.90元（1.07美元），而2020年同期为人民币3.08元。调整后每股基本和摊薄净亏损为人民币4.16元（0.65美元），而2020年同期为人民币2.70元。</blockquote> Cash and cash equivalents, time deposits and short-term investments.As of September 30, 2021, the Company had cash and cash equivalents, time deposits, and short-term investments of RMB24.4 billion (US$3.8 billion), compared with RMB12.8 billion as of December 31, 2020.<blockquote>现金及现金等价物、定期存款及短期投资。截至2021年9月30日，公司的现金及现金等价物、定期存款和短期投资为人民币244亿元（38亿美元），而截至2020年12月31日为人民币128亿元。</blockquote> Outlook<blockquote>世界观</blockquote> For the fourth quarter of 2021, the Company currently expects net revenues to be between RMB5.7 billion and RMB5.8 billion.<blockquote>公司目前预计2021年第四季度净收入在人民币57亿元至人民币58亿元之间。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bilibili slid over 5% in premarket trading as its net loss was RMB2,686.3 million<blockquote>哔哩哔哩盘前交易下跌逾5%，净亏损为人民币26.863亿元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBilibili slid over 5% in premarket trading as its net loss was RMB2,686.3 million<blockquote>哔哩哔哩盘前交易下跌逾5%，净亏损为人民币26.863亿元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-11-17 18:05\n</div>\n</a>\n</h4>\n</header>\n<article>\nBilibili slid over 5% in premarket trading&nbsp;as its net loss was RMB2,686.3 million.<blockquote>哔哩哔哩盘前交易下跌超过5%，净亏损为人民币26.863亿元。</blockquote> <img src=\"https://static.tigerbbs.com/2c3a341dd401439bc57670cc2be26245\" tg-width=\"766\" tg-height=\"563\" referrerpolicy=\"no-referrer\"><blockquote></blockquote> Third Quarter 2021 Highlights:<blockquote>2021年第三季度亮点：</blockquote> <ul> <li>Total net revenuesreached RMB5,206.6 million (US$808.0 million), a 61% increase from the same period in 2020.</li> <li>Average monthly active users (MAUs)reached 267.2 million, and mobile MAUs reached 249.9 million, representing increases of 35% and 36%, respectively, from the same period in 2020.</li> <li>Average daily active users (DAUs)reached 72.1 million, a 35% increase from the same period in 2020.</li> <li>Average monthly paying users (MPUs1)reached 23.9 million, a 59% increase from the same period in 2020.</li> </ul> Third Quarter 2021 Financial Results<blockquote><ul><li>净收入总额达到人民币52.066亿元（8.080亿美元），较2020年同期增长61%。</li><li>平均每月活跃用户(MAU)达到2.672亿，移动月活跃用户数达到2.499亿，较2020年同期分别增长35%和36%。</li><li>平均每日活跃用户(DAU)达到7210万，较2020年同期增长35%。</li><li>平均每月付费用户(MPUs1)达到2390万，较2020年同期增长59%。</li></ul>2021年第三季度财务业绩</blockquote> Total net revenues.Total net revenues were RMB5,206.6 million (US$808.0 million), representing an increase of 61% from the same period of 2020.<blockquote>净收入总额。总净收入为人民币52.066亿元（8.080亿美元），较2020年同期增长61%。</blockquote> Mobile games.Revenues from mobile games were RMB1,391.7 million (US$216.0 million),&nbsp;representing an increase of 9% from the same period of 2020.<blockquote>手机游戏。手机游戏收入为人民币1,391.7百万元（216.0百万美元），较2020年同期增长9%。</blockquote> Value-added services (VAS).Revenues from VAS were RMB1,908.9 million (US$296.3 million), representing an increase of 95% from the same period of 2020, mainly attributable to the Company’s enhanced monetization efforts, led by an increased number of paying users for the Company’s value-added services including the premium membership program, live broadcasting services and other value-added services.<blockquote>增值服务（VAS）。增值服务收入为人民币1,908.9百万元（296.3百万美元），较2020年同期增长95%，主要归因于公司加大变现力度，主要是由于公司增值服务（包括高级会员计划、直播服务及其他增值服务）的付费用户数量增加。</blockquote> Advertising.Revenues from advertising were RMB1,172.0 million (US$181.9 million), representing an increase of 110% from the same period of 2020. This increase was primarily attributable to further recognition of Bilibili’s brand name in China’s online advertising market, as well as Bilibili’s improved advertising efficiency.<blockquote>做广告。广告收入为人民币1,172.0百万元（181.9百万美元），较2020年同期增长110%。这一增长主要归因于哔哩哔哩品牌在中国在线广告市场的进一步认可，以及哔哩哔哩广告效率的提高。</blockquote> E-commerce and others.Revenues from e-commerce and others were RMB734.0 million (US$113.9 million), representing an increase of 78% from the same period of 2020, primarily attributable to the increase in sales of products through the Company’s e-commerce platform.<blockquote>电子商务和其他。电子商务及其他收入为人民币734.0百万元（113.9百万美元），较2020年同期增长78%，主要归因于通过公司电子商务平台销售的产品增加。</blockquote> Cost of revenues.Cost of revenues was RMB4,188.1 million (US$650.0 million), representing an increase of 70%, compared with the same period of 2020. Revenue-sharing cost, a key component of cost of revenues, was RMB2,157.5 million (US$334.8 million), representing an increase of 83% from the same period in 2020.<blockquote>收入成本。收入成本为人民币4,188.1百万元（650.0百万美元），较2020年同期增长70%。收入分成成本是收入成本的主要组成部分，为人民币2,157.5百万元（334.8百万美元），较2020年同期增长83%。</blockquote> Gross profit.Gross profit was RMB1,018.5 million (US$158.1 million), representing an increase of 34% from the same period in 2020, which was primarily due to increased net revenues.<blockquote>毛利。毛利为人民币1,018.5百万元（158.1百万美元），较2020年同期增长34%，主要是由于净收入增加。</blockquote> Total operating expenses.Total operating expenses were RMB2,896.5 million (US$449.5 million), representing an increase of 57% from the same period of 2020.<blockquote>总运营费用。总营业费用为人民币28.965亿元（4.495亿美元），较2020年同期增长57%。</blockquote> Sales and marketing expenses.Sales and marketing expenses were RMB1,633.3 million (US$253.5 million), representing a 37% increase year-over-year. The increase was primarily attributable to increased channel and marketing expenses to promote Bilibili’s app and brand, as well as promotional expenses for the Company’s mobile games and an increase in headcount in sales and marketing personnel.<blockquote>销售和营销费用。销售及营销费用为人民币16.333亿元（2.535亿美元），同比增长37%。该增加主要归因于推广哔哩哔哩应用程序和品牌的渠道和营销费用增加，以及公司手机游戏的推广费用以及销售和营销人员人数增加。</blockquote> General and administrative expenses.General and administrative expenses were RMB474.9 million (US$73.7 million), representing an 87% increase year-over-year. The increase was primarily due to increased headcount in general and administrative personnel, increased share-based compensation expenses, higher rental expenses and other general and administrative expenses.<blockquote>一般和行政费用。一般及管理费用为人民币4.749亿元（7370万美元），同比增长87%。该增加主要由于一般及行政人员人数增加、以股份为基础的薪酬开支增加、租金开支及其他一般及行政开支增加所致。</blockquote> Research and development expenses.Research and development expenses were RMB788.3 million (US$122.3 million), representing a 97% increase year-over-year. The increase was primarily due to increased headcount in research and development personnel and increased share-based compensation expenses.<blockquote>研发费用。研发费用为人民币7.883亿元（1.223亿美元），同比增长97%。该增加主要是由于研发人员人数增加以及以股份为基础的薪酬开支增加。</blockquote> Loss from operations.Loss from operations was RMB1,878.0 million (US$291.5 million), compared with RMB1,083.3 million in the same period of 2020.<blockquote>运营损失。运营亏损为人民币1,878.0百万元（291.5百万美元），而2020年同期为人民币1,083.3百万元。</blockquote> Investment income/(loss), net.Net investment income/(loss) primarily included return earned on financial products issued by banks and other financial institutions, return from investments in money market funds, and the fair value change of investments in publicly traded companies. Net investment loss was RMB724.3 million (US$112.4 million), compared with net investment income of RMB14.2 million in the same period of 2020. The change was mainly attributable to the fair value change of investments in publicly traded companies.<blockquote>投资收入╱（亏损）净额。净投资收益╱（亏损）主要包括银行及其他金融机构发行的金融产品所赚取的回报、投资货币市场基金的回报及投资于上市公司的公允价值变动。净投资亏损为人民币7.243亿元（1.124亿美元），而2020年同期净投资收益为人民币1420万元。该变动主要由于于上市公司投资的公平值变动所致。</blockquote> Income tax expense.Income tax expense was RMB28.3 million (US$4.4 million), compared with RMB17.3 million in the same period of 2020.<blockquote>所得税费用。所得税费用为人民币28.3百万元（4.4百万美元），而2020年同期为人民币17.3百万元。</blockquote> Net loss.Net loss was RMB2,686.3 million (US$416.9 million), compared with RMB1,100.9 million in the same period of 2020.<blockquote>净损失。净亏损为人民币26.863亿元（4.169亿美元），而2020年同期为人民币11.009亿元。</blockquote> Adjusted net loss2.Adjusted net loss, which is a non-GAAP measure that excludes share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions, income tax related to intangible assets acquired through business acquisitions and loss/(gain) on fair value change in investments in publicly traded companies, was RMB1,622.0 million (US$251.7 million), compared to RMB967.1 million in the same period of 2020.<blockquote>调整后净亏损2。调整后净亏损是一项非公认会计准则衡量标准，不包括股权激励费用、与通过业务收购收购的无形资产相关的摊销费用、与通过业务收购收购的无形资产相关的所得税以及公允价值变动损失/（收益）上市公司投资为人民币16.22亿元（2.517亿美元），而2020年同期为人民币9.671亿元。</blockquote> Basic and diluted EPS and adjustedbasic and diluted EPS2. Basic and diluted net loss per share were RMB6.90 (US$1.07), compared with RMB3.08 in the same period of 2020. Adjusted basic and diluted net loss per share were RMB4.16 (US$0.65), compared with RMB2.70 in the same period of 2020.<blockquote>基本和稀释每股收益以及调整后基本和稀释每股收益2每股基本及摊薄净亏损为人民币6.90元（1.07美元），而2020年同期为人民币3.08元。调整后每股基本和摊薄净亏损为人民币4.16元（0.65美元），而2020年同期为人民币2.70元。</blockquote> Cash and cash equivalents, time deposits and short-term investments.As of September 30, 2021, the Company had cash and cash equivalents, time deposits, and short-term investments of RMB24.4 billion (US$3.8 billion), compared with RMB12.8 billion as of December 31, 2020.<blockquote>现金及现金等价物、定期存款及短期投资。截至2021年9月30日，公司的现金及现金等价物、定期存款和短期投资为人民币244亿元（38亿美元），而截至2020年12月31日为人民币128亿元。</blockquote> Outlook<blockquote>世界观</blockquote> For the fourth quarter of 2021, the Company currently expects net revenues to be between RMB5.7 billion and RMB5.8 billion.<blockquote>公司目前预计2021年第四季度净收入在人民币57亿元至人民币58亿元之间。</blockquote>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BILI":"哔哩哔哩"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131115107","content_text":"Bilibili slid over 5% in premarket trading as its net loss was RMB2,686.3 million.\n\nThird Quarter 2021 Highlights:\n\nTotal net revenuesreached RMB5,206.6 million (US$808.0 million), a 61% increase from the same period in 2020.\nAverage monthly active users (MAUs)reached 267.2 million, and mobile MAUs reached 249.9 million, representing increases of 35% and 36%, respectively, from the same period in 2020.\nAverage daily active users (DAUs)reached 72.1 million, a 35% increase from the same period in 2020.\nAverage monthly paying users (MPUs1)reached 23.9 million, a 59% increase from the same period in 2020.\n\nThird Quarter 2021 Financial Results\nTotal net revenues.Total net revenues were RMB5,206.6 million (US$808.0 million), representing an increase of 61% from the same period of 2020.\nMobile games.Revenues from mobile games were RMB1,391.7 million (US$216.0 million), representing an increase of 9% from the same period of 2020.\nValue-added services (VAS).Revenues from VAS were RMB1,908.9 million (US$296.3 million), representing an increase of 95% from the same period of 2020, mainly attributable to the Company’s enhanced monetization efforts, led by an increased number of paying users for the Company’s value-added services including the premium membership program, live broadcasting services and other value-added services.\nAdvertising.Revenues from advertising were RMB1,172.0 million (US$181.9 million), representing an increase of 110% from the same period of 2020. This increase was primarily attributable to further recognition of Bilibili’s brand name in China’s online advertising market, as well as Bilibili’s improved advertising efficiency.\nE-commerce and others.Revenues from e-commerce and others were RMB734.0 million (US$113.9 million), representing an increase of 78% from the same period of 2020, primarily attributable to the increase in sales of products through the Company’s e-commerce platform.\nCost of revenues.Cost of revenues was RMB4,188.1 million (US$650.0 million), representing an increase of 70%, compared with the same period of 2020. Revenue-sharing cost, a key component of cost of revenues, was RMB2,157.5 million (US$334.8 million), representing an increase of 83% from the same period in 2020.\nGross profit.Gross profit was RMB1,018.5 million (US$158.1 million), representing an increase of 34% from the same period in 2020, which was primarily due to increased net revenues.\nTotal operating expenses.Total operating expenses were RMB2,896.5 million (US$449.5 million), representing an increase of 57% from the same period of 2020.\nSales and marketing expenses.Sales and marketing expenses were RMB1,633.3 million (US$253.5 million), representing a 37% increase year-over-year. The increase was primarily attributable to increased channel and marketing expenses to promote Bilibili’s app and brand, as well as promotional expenses for the Company’s mobile games and an increase in headcount in sales and marketing personnel.\nGeneral and administrative expenses.General and administrative expenses were RMB474.9 million (US$73.7 million), representing an 87% increase year-over-year. The increase was primarily due to increased headcount in general and administrative personnel, increased share-based compensation expenses, higher rental expenses and other general and administrative expenses.\nResearch and development expenses.Research and development expenses were RMB788.3 million (US$122.3 million), representing a 97% increase year-over-year. The increase was primarily due to increased headcount in research and development personnel and increased share-based compensation expenses.\nLoss from operations.Loss from operations was RMB1,878.0 million (US$291.5 million), compared with RMB1,083.3 million in the same period of 2020.\nInvestment income/(loss), net.Net investment income/(loss) primarily included return earned on financial products issued by banks and other financial institutions, return from investments in money market funds, and the fair value change of investments in publicly traded companies. Net investment loss was RMB724.3 million (US$112.4 million), compared with net investment income of RMB14.2 million in the same period of 2020. The change was mainly attributable to the fair value change of investments in publicly traded companies.\nIncome tax expense.Income tax expense was RMB28.3 million (US$4.4 million), compared with RMB17.3 million in the same period of 2020.\nNet loss.Net loss was RMB2,686.3 million (US$416.9 million), compared with RMB1,100.9 million in the same period of 2020.\nAdjusted net loss2.Adjusted net loss, which is a non-GAAP measure that excludes share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions, income tax related to intangible assets acquired through business acquisitions and loss/(gain) on fair value change in investments in publicly traded companies, was RMB1,622.0 million (US$251.7 million), compared to RMB967.1 million in the same period of 2020.\nBasic and diluted EPS and adjustedbasic and diluted EPS2. Basic and diluted net loss per share were RMB6.90 (US$1.07), compared with RMB3.08 in the same period of 2020. Adjusted basic and diluted net loss per share were RMB4.16 (US$0.65), compared with RMB2.70 in the same period of 2020.\nCash and cash equivalents, time deposits and short-term investments.As of September 30, 2021, the Company had cash and cash equivalents, time deposits, and short-term investments of RMB24.4 billion (US$3.8 billion), compared with RMB12.8 billion as of December 31, 2020.\nOutlook\nFor the fourth quarter of 2021, the Company currently expects net revenues to be between RMB5.7 billion and RMB5.8 billion.","news_type":1,"symbols_score_info":{"BILI":0.9}},"isVote":1,"tweetType":1,"viewCount":1661,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":49,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}