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KEY STAT | Bilibili reports better-than-expected Q2 2020 earnings

Written by Julianna Wu Published on     1 min read

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The Youtube of China gained nearly 60% user increase in the quarter past.

Chinese long video streaming site Bilibili (NASDAQ: BILI) reported a better-than-expected Q2 2020 earnings results on Wednesday. Revenue for the quarter was RMB 2.6 billion (USD 380 million), up 70% from a year earlier, beating an analyst consensus forecast of RMB 2.55 billion polled by Bloomberg, 36Kr reported.

Average monthly active users (MAU) reached 172 million and mobile MAU reached 153 million, up 55% and 59% year-on-year respectively.

Famous for its rich anime, cartoon, and video game-related content, Bilibili is trying to reach a broader audience and diversify its revenue structure in recent years by providing more mainstream videos.

More on this please read: Video | ByteDance vs Bilibili: Is there a Chinese alternative to YouTube?

This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.

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