Bilibili (BILI, Financial) shares rose over 6% in pre-market trading, reaching $23.46. The company reported a 26% year-over-year increase in fourth-quarter revenue to 7.734 billion yuan, surpassing market expectations of 7.64 billion yuan. Adjusted net profit and GAAP net income were 450 million yuan and approximately 89 million yuan, respectively, marking a profitable quarter.
Goldman Sachs highlighted that Bilibili's performance aligned with expectations and noted it as the company's first profitable quarter under GAAP. With the growing interest in artificial intelligence (AI), Bilibili is well-positioned due to its high-quality video content. Improvements in video generation and advertising algorithms provide the company with advantages in the AI sector. Goldman Sachs maintained a "buy" rating for Bilibili, raising the target price from HKD 172 to HKD 185.
