Bilibili Earnings, Revenue miss In Q2

Bilibili Earnings, Revenue miss In Q2 - Bilibili reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Bilibili announced earnings per share of -5.61 on revenue of 5.53B. Analysts polled by anticipated EPS of -5.15 on revenue of 5.71B.

Bilibili shares are up 20% from the beginning of the year and are trading at 181.80 , down-from-52-week-high.They are outperforming the Nasdaq which is down 24.49% from the start of the year.

Bilibili follows other major Communication Services sector earnings this month

Bilibili's report follows an earnings beat by Tencent Holdings on Wednesday, August 17, 2022, who reported EPS of 2.9 on revenue of 134.03B, compared to forecasts EPS of 2.55 on revenue of 134.3B.

NetEase had beat expectations on Thursday, August 18, 2022 with second quarter EPS of 1.89 on revenue of 26.74B, compared to forecast for EPS of 1.7 on revenue of 27.24B.

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