Bilibili Inc. (NASDAQ:BILI) is reporting second quarter financial results on Wednesday 26th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, BILI is expected to report 2Q20 loss of $ 0.22 per share from revenue of $ 368.47 million.
For the full year, analysts anticipate top line of $ 1589.85 million, while looking forward to loss of $ 0.82 per share bottom line.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 353.07 million ~ $ 360.13 million
Click Here For More Historical Outlooks Of Bilibili Inc.
Previous Quarter Performance
Bilibili Inc. came out with loss for the first quarter of $ 0.20 per share, from the revenue of $ 327.00 million. The quarterly revenues increased 63.85 percent compared with the same quarter last year. Street analysts expected Bilibili Inc. to report loss of $ 0.16 per share on revenue of $ 308.62 million for the first quarter. The bottom line results missed street analysts by $ 0.04 or 25 percent, at the same time, top line results outshined analysts by $ 18.38 million or 5.96 percent.
Stock Performance
Shares of Bilibili Inc. traded high $ 0.80 or 1.73 percent on Tuesday, reaching $ 46.92 with volume of 3.85 million shares. The stock opened down for the day at $ 45.91, after closing the previous day trading at $ 46.12.
According to the previous trading day, closing price of $ 46.12, representing a 248.60 % increase from the 52 week low of $ 13.23 and a 10.01 % decrease over the 52 week high of $ 51.25.
The company has a market capital of $ 16.21 billion and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Bilibili Inc. will be hosting a conference call at 9:00 PM eastern time on 26th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/vgo39upc
Bilibili Inc. provides online entertainment services for the young generations in the Peoples Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games.
