Bilibili Chen Rui: Confidence to start making profits in the third quarter of this year

According to news from this site on March 7, Chen Rui, chairman and CEO of Bilibili (Bilibili), said at the 2023 fourth quarter financial report conference call, We are confident that profits will turn positive and start making profits in Q3 of 2024.

Chen Rui said that the most important task of Station B in 2024 is to achieve the goal of profitability, continue to strengthen commercialization capabilities, further optimize gross profit margin, and manage it reasonably expenditure. The second is to maintain the healthy development of the content ecosystem. This year, we will focus more on discovering and increasing the activity of high-quality UP owners, and provide smooth monetization channels for more high-quality UP owners.

This site previously reported that Station B today released its fourth quarter and full-year financial report for 2023 as of December 31. In the fourth quarter, total net revenue was 6.3 billion yuan, a year-over-year increase of 3%. Net loss was 1.3 billion yuan, narrowed by 13% year-on-year. Not in accordance with U.S. GAAP, adjusted net loss was 555.8 million yuan, a year-on-year narrowing of 58%.

For the full year of 2023, the company’s total revenue reached 22.5 billion yuan, a year-on-year increase of 3%. Net loss was 4.8 billion yuan, narrowed by 36% year-on-year. On a non-GAAP basis, adjusted net loss was 3.4 billion yuan, narrowing 49% year-over-year.

In the fourth quarter, Bilibili’s average daily active users (DAU) were 100.1 million, a year-on-year increase of 8%.

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