Bilibili Inc. (BILI) Earnings Call Transcripts
Bilibili Inc.'s Latest Earnings Call - Q1 FY2026
In the first quarter of 2026, Bilibili Inc. (BILI:US) reported total revenues of RMB 7.5 billion, reflecting a 7% year-over-year increase. The company achieved a net profit of RMB 202 million, a significant turnaround from a net loss of RMB 11 million in Q1 2025. Management highlighted strong advertising revenue growth of 30% year-over-year, driven by increased user engagement and the effective use of AI in content creation and ad targeting. Guidance for the second quarter remains optimistic, with expectations for continued growth in advertising revenue and improved margins.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | RMB 7.5 billion (inline) |
| Net Profit | RMB 202 million (beat) |
| Advertising Revenue | RMB 2.6 billion (beat) |
| Game Revenue | RMB 1.5 billion (miss) |
| VAS Revenue | RMB 2.9 billion (inline) |
| Adjusted Net Profit Margin | 7.8% (positive) |
Guidance from management
Management expects continued rapid growth in advertising revenue for Q2, driven by AI initiatives, with gross margins steadily improving. They maintain a long-term gross margin target of 45%.
What analysts pressed on
Analysts expressed concerns regarding the decline in game revenue, questioning the sustainability of growth in this segment. There were also inquiries about the timeline for seeing returns on AI investments and how operational expenses would be managed moving forward.
Main topics on the call
- User Engagement Growth — Bilibili's daily active users (DAUs) grew 8% year-over-year to 115 million, with average daily time spent increasing to 119 minutes, up 11 minutes year-over-year. Management stated, "This level of engagement is a powerfu...
- Advertising Revenue Surge — Advertising revenue reached RMB 2.6 billion, up 30% year-over-year, marking the 13th consecutive quarter of double-digit growth. Management noted, "The biggest driver behind our advertising growth is the value of Bilibil...
- AI Integration in Content Creation — Management emphasized the role of AI in enhancing content quality and creator productivity, stating, "AI is making our great content creator even more powerful." The number of daily active creators increased by 6% year-o...
- Game Revenue Decline — Game revenues were reported at RMB 1.5 billion, down 12% year-over-year, attributed to a high base from the previous year. Management indicated that they are focused on the long-term lifecycle of their games.
Read the full Bilibili Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Bilibili Inc.
Bilibili Inc. (BILI) is a publicly listed company in the Interactive Media and Services industry, within the Communication Services sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 25 calls on record spanning March 18, 2020 to May 19, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 25 Bilibili Inc. earnings call transcripts on record, spanning March 18, 2020 to May 19, 2026. Based on this history, Bilibili Inc. reports quarterly. The most recent call on file is dated May 19, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- BILI
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Communication Services
- Industry
- Interactive Media and Services
- Calls on record
- 25
- First call
- March 18, 2020
- Most recent
- May 19, 2026
- Reporting cadence
- quarterly