Bilibili Announces Net Revenues of $907 Million in Q4 2021, Up 51% YoY – Pandaily
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First Chinese video streaming platform Bilibili on Thursday announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.
bilibiliTotal net income in the fourth quarter was 5.7808 billion yuan ($907.1 million), an increase of 51% over the same period in 2020. Additionally, total net income in 2021 was 19.4 billion yuan, an increase of 62% from 2020.
Its net loss in the fourth quarter was 2.0958 billion yuan, compared to 843.7 million yuan for the same period of 2020. The company’s net loss for fiscal 2021 was 6.8 billion yuan, compared to 3.1 billion yuan in 2020.
The average monthly active users (MAU) of Bilibili reached 271.7 million, while mobile MAUs reached 252.4 million, representing a 35% increase over the same period in 2020. In addition, average daily active users (DAUs) and mobile users Average Monthly Paying Units (MPU) recorded increases.
Chen Rui, CEO of Bilibili, issued the following statement: “Our community remained very active and engaged in the fourth quarter. As we enter 2022, we are embarking on our healthy growth strategy to further expand our user base and will actively explore marketing opportunities within our tightly-knit video community. At the same time, we will focus on strengthening our execution and improving operational efficiency across our businesses. »
SEE ALSO: Bilibili acquires virtual technology company Qianyu Network
Additionally, Bilibili announced on Thursday that its board had authorized a share buyback program under which the company could repurchase up to $500 million of its ADSs over the next 24 months. The company plans to fund redemptions with its existing cash balance.
Chen Rui added that he would use personal funds to purchase up to $10 million of the company’s ADS on the open market over the next 24 months.
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