January 29, 2023

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Main Chinese language video streaming platform Bilibili on Thursday introduced its unaudited monetary effects for the fourth quarter and financial 12 months ended December 31, 2021.

Bilibili’s general web earnings within the fourth quarter used to be 5.7808 billion yuan ($907.1 million), representing an build up of 51% from the similar duration in 2020. Moreover, general web earnings in 2021 used to be 19.4 billion yuan, representing an build up of 62% from 2020.

Its web loss within the fourth quarter used to be 2.0958 billion yuan, when put next with 843.7 million yuan in the similar duration of 2020. The company’s web loss in fiscal 12 months 2021 used to be 6.8 billion yuan, when put next with 3.1 billion yuan in 2020.

The typical per month lively customers (MAUs) of Bilibili reached 271.7 million, whilst cellular MAUs reached 252.4 million, each representing will increase of 35% from the similar duration in 2020. As well as, moderate day-to-day lively customers (DAUs) and moderate per month paying customers (MPUs) noticed will increase.

Chen Rui, Chairman and CEO of Bilibili, issued the next observation: “Our neighborhood remained extremely lively and engaged within the fourth quarter. Moving into 2022, we’re dedicated to our wholesome expansion solution to additional enlarge our consumer base and we will be able to actively discover commercialization alternatives inside our tight bonded video neighborhood. On the identical time, we will be able to focal point on strengthening our execution and bettering working potency throughout our companies.”

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Additionally, Bilibili introduced on Thursday that its board of administrators has approved a percentage repurchase program below which the corporate might repurchase as much as $500 million of its ADSs all the way through the following 24 months. The corporate plans to fund the repurchases with its present money steadiness.

Chen Rui added that he’s going to use non-public finances to buy as much as $10 million of the corporate’s ADSs within the open marketplace over the following 24 months.