Bilibii (BILI) Q4 2025 (CNY): Revenue 8.32bln (prev. 7.73bln Y/Y), Net Income 513.9mln (+1.1% Y/Y), Net Income 878.4mln (+94% Y/Y), Gross Margin 37% (prev. 36.1%); Average DAUs +10% Y/Y

CEO comments:

• "Our user metrics strengthened across the board, highlighted by four consecutive quarters of accelerating year-over-year DAU growth. In the fourth quarter, our DAUs reached 113 million, up 10% year over year, while monthly active users reached 366 million, up 8% year over year." 
• "Throughout the year, we continued to sharpen our commercial execution and unlock the inherent value of our community, resulting in record monthly paying users and accelerating advertising revenues. In a world flooded with 'fast-food' content, Bilibili’s long-standing commitment to quality is setting us apart and earning the trust of a loyal and growing user base." 
• "As we step into 2026, an era where AI is reshaping content creation, community experiences and commercial efficiency, we are confident in our ability to seize these opportunities and drive our next chapter of sustainable growth.”