喜马拉雅 PC端文章详情页顶部23-26

Bilibili Stock Sinks More than 10% over Q1 Earnings Miss

Tesla's Chinese rival NIO also saw shares plummet Thursday after it posted a downbeat revenue guidance in Q2 and expected gross margin won't recover until Q3.

BEIJING, June 9 (TMTPOST)— The American depositary receipts (ADRs) of Bilibili sank as much as nearly 17% before closing 14.8% lower Thursday, when the most popular video sharing platform among younger generations in China posted worse-than-expected earnings in the first quarter of the year, underling the Covid-19 related challenges.

Source: Visual China

In the quarter ended March 31, 2022, Bilibili’s total net revenue rose 30% year-over-year (YoY) to RMB5.05 billion (US$797.3 million), missing the analysts’ expected RMB5.06 billion. The adjusted basic and diluted net loss per share (EPS) were RMB4.20 (US$0.66), compared with the market expectation of RMB3.93.

Bilibili management signaled the wider-than-expected loss was, at least partly, due to the Covid pandemic and its lockdowns. “In the face of the unexpected COVID-19 resurgence and lockdowns, the first quarter presented new challenges impacting businesses nationwide, particularly in Shanghai, where our headquarters is based,” the chairman and CEO Chen Rui remarked in the quarterly earnings release. Chen noted his company delivered solid growth in terms of user’s engagement as the average monthly active users (MAUs) and Average daily active users (DAUs) both increased more than 30% that quarter, and daily time spent per user increased to a record high of 95 minutes.  Cost control and expense reduction play a key role in weathering the macro headwinds, according to Chen.

NIO, a Chinese electric vehicle (EV) maker, also saw ADRs plummet the same day after it reported quarterly financial results. The ADRs settled almost 7.7% lower following the Tesla’s Chinese rival’s weaker guidance. It expected the revenue in the current quarter to be between RMB9.34 billion (US$1.47 billion) and RMB10.08 billion (US$1.59 billion) , falling short on the analysts projected RMB11.65 billion, and the gross margin sharply contracted to 14.6% from 19.5% in the year-ago period, though its loss in the first quarter was smaller than expected with revenue topping analyst forecasts.

In the earnings call, NIO’s chairman and CEO William Bin Li blamed the gross margin pressure for the cost surge in materials including batteries and chips. Li said NIO witnessed significant battery cost increase in the second quarter, which peaked in April. NIO did take actions to mitigate the pressure by price hikes but Li forecasted the the gross margin of his company not to recover until the third quarter.

转载请注明出处、作者和本文链接
声明:文章内容仅供参考、交流、学习、不构成投资建议。
想和千万钛媒体用户分享你的新奇观点和发现,点击这里投稿 。创业或融资寻求报道,点击这里

敬原创,有钛度,得赞赏

赞赏支持
发表评论
0 / 300

根据《网络安全法》实名制要求,请绑定手机号后发表评论

登录后输入评论内容

快报

更多

20:08

港媒:中国内地仍是苹果公司主要生产基地

20:07

4月25日新闻联播速览25条

20:06

北京:规划建设支撑万亿级参数大模型训练需求的超大规模智算集群

20:05

北京:对采购自主可控GPU芯片开展智能算力服务的企业,按照投资额的一定比例给予支持

20:03

北京:大力推动人工智能大模型与自主可控芯片开展适配

20:01

北京:到2027年实现智算基础设施软硬件产品全栈自主可控

20:01

北京:到2025年 智算供给规模达到45EFLOPS

20:00

《北京市算力基础设施建设实施方案(2024—2027年)》正式印发

19:54

默克:一季度净利润47.62亿美元,同比增69%

19:52

南京聚隆:航空航天领域营业收入对公司整体业绩贡献很小

19:48

因需求在减半后降温,比特币多头暂停杠杆押注

19:43

华立科技:一季度净利润1997.62万元,同比增长247.51%

19:42

微软首席执行官将访问印尼、泰国和马来西亚

19:42

兴业银行:一季度归母净利润243.36亿元,同比下降3.1%

19:40

迎驾贡酒:一季度归母净利润9.13亿元,同比增长30.43%

19:39

高新发展:第一季度归母净利润3449.79万元,同比增长9.68%

19:39

钛媒体独家|起亚杨洪梅:中国车企不应该过于追求低价

19:37

钛媒体独家|方程豹 豹5累计销量已超2万辆,豹8三季度后上市

19:31

我爱我家拟使用不超33亿元投资证券及理财产品 截至收盘公司总市值36亿元

19:30

西藏证监局对西藏珠峰资源股份有限公司、黄建荣、胡晗东采取出具警示函措施

扫描下载App