Shares of Bilibili (NASDAQ:BILI) surged over 6% in U.S. premarket trading on Tuesday after the Chinese video-sharing platform posted first-quarter results that exceeded Wall Street forecasts.
The company reported earnings per share of RMB0.85, comfortably ahead of the RMB0.52 expected by analysts. Revenue climbed 24% year-over-year to RMB7 billion, topping the consensus estimate of RMB6.91 billion.
“We started 2025 on a strong note with solid financial performance and robust engagement across our platform,” said Chairman and CEO Rui Chen. “We reached 107 million daily active users, and our monthly active users hit a record 368 million.”
Bilibili saw notable growth in key business segments during the quarter. Advertising revenue rose 20% year-on-year to RMB2 billion (US$275.3 million), while mobile gaming revenue jumped 76% to RMB1.73 billion (US$238.6 million), reflecting strong momentum in user engagement and content monetization.