Bilibili's DAUs Surge 9%, CEO Highlights Community Growth Despite Missed Revenue Estimates
- Financial Performance: Bilibili Inc reported Q1 2024 revenue of $784.5 million, up 12% YoY but missing analyst estimates.
- Stock Performance: The company's adjusted EPADS loss beat estimates, but the stock price fell after the results were announced.
- User Metrics: Average daily active users (DAUs) increased by 9% YoY to 102.4 million.
- Revenue Streams: Revenues from mobile games decreased by 13% YoY, while value-added services (VAS) revenues grew by 17% YoY.
- Company Statement: Bilibili's CEO highlighted user engagement metrics and the growth in monthly active users (MAUs) in the first quarter.
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Bilibili's DAUs Surge 9%, CEO Highlights Community Growth Despite Missed Revenue Estimates
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