Bilibili: 1Q Earnings Snapshot

Bilibili: 1Q Earnings Snapshot

Associated Press

SHANGHAI (AP) _ Bilibili Inc. (BILI) on Monday reported a loss of $27.6 million in its first quarter.

On a per-share basis, the Shanghai-based company said it had a loss of 9 cents. Losses, adjusted for stock option expense and non-recurring costs, were 7 cents per share.

The Chinese video sharing website posted revenue of $203.5 million in the period.

For the current quarter ending in July, Bilibili said it expects revenue in the range of $214.9 million to $220.8 million.

Bilibili shares have risen 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.21, an increase of 41% in the last 12 months.

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