SHANGHAI, China, April 29, 2022 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and leading video community for younger generations in China, today announced that it has updated its first-quarter 2022 net revenue guidance and provided an update on recent company developments.
With the macroeconomic disruptions caused by the unexpected nationwide resurgence of Covid-19 in China, and increased Covid-19 restrictions and lockdowns in major cities including Shanghai since mid-March, the company s is currently expecting Q1 2022 net revenue to be between RMB 5.0 billion and 5.1 billion. This compares to the range of RMB5.3 billion to RMB5.5 billion, as previously reported in the fourth quarter and full year 2021 financial results press release issued on March 3, 2022, which reflected the best information available at the time.
While the short-term financial impact of Covid-19 is rapidly evolving and difficult to predict, our business fundamentals remain strong and our vibrant community continues to grow. Driven by content expansion and the unique community experience, average monthly active users were 293.6 million in Q1 2022, a 31.5% year-over-year increase. The average number of daily active users was 79.4 million, representing a 32.0% year-over-year increase. The average daily time spent per user in the first quarter reached 95 minutes, the highest in the Company’s operating history.
As our communities have united in the battle against Covid-19, the Society is closely monitoring the evolving situation. Our top priority remains the health and safety of our employees, partners and communities. We are committed to taking the necessary actions to maintain our activity while doing everything we can to contribute to the protection of our employees in accordance with the recommendations of the local health authorities. We deeply appreciate people’s commitment as we stand together to tackle this challenge together.
The Company also announced that it will release its unaudited first quarter 2022 financial results on June 9, 2022, before the U.S. markets open. He will host an earnings conference call at 8:00 a.m. EST on the same day (8:00 p.m. Beijing/Hong Kong time). The details of the conference call are as follows:
All attendees should use the link provided above to complete the online registration process prior to the conference call. Upon registration, each participant will receive a set of participant dial-in numbers, an event access code and a unique registration ID, which will be used to join the conference call.
In addition, a live and archived webcast of the conference call will be available on the Company’s Investor Relations website at http://ir.bilibili.com.
A replay of the conference call will be available by telephone two hours after the conclusion of the live call on the following numbers until June 22, 2022:
|Replay access code:||2597295|
About Bilibili Inc.
Bilibili is an iconic brand and leading video community whose mission is to enrich the daily lives of younger generations in China. Bilibili offers a wide range of video content with All the Videos You Love as a value proposition. Bilibili builds its community around budding users, high-quality content, talented content creators, and the strong emotional bond that unites them. Bilibili pioneered the “bullet chat” feature, a live commentary feature that transformed the viewing experience by displaying the thoughts and feelings of another audience viewing the same video. It has now become the home of diverse interests for young generations in China and the frontier to promote Chinese culture around the world.
For more information, please visit: http://ir.bilibili.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate” , “aims”, “future”, “intends”, “plans”, “believes”, “estimates”, “confident”, “potential”, “continues” or other similar expressions. Among other things, the impact of Covid-19, the outlook and quotes from management in this announcement, as well as Bilibili’s strategic and operating plans, contain forward-looking statements. Bilibili may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission, in its interim and annual reports to shareholders, in announcements, circulars or other postings made on the website. of the Hong Kong Stock Exchange. Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including, but not limited to, the following: the impact of the Covid-19 pandemic on the business, results of operations, financial condition and shares of Bilibili. the price; bilibili strategies; the future business development, financial condition and results of operations of bilibili; Bilibili’s ability to retain and grow its number of users, members and advertising customers, provide quality content, products and services and expand its product and service offerings; competition in the online entertainment industry; Bilibili’s ability to maintain its culture and brand image within its addressable user communities; Bilibili’s ability to manage its costs and expenses; PRC government policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China, and assumptions underlying or relating to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission and the Stock Exchange of Hong Kong. All information provided in this announcement and in the attachments is current as of the date of the announcement, and the Company undertakes no obligation to update such information, except as required by applicable law.
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