Bilibili: Gross profit increased by 68% year-on-year, achieving overall profitability

According to Jinshi Data on February 20, Bilibili released its financial report for the fourth quarter and the entire year of 2024. The report shows that in the fourth quarter, Bilibili's gross profit increased by 68% year-on-year, and the gross profit margin has increased for 10 consecutive quarters to 36.1%; the adjusted net profit and net profit under U.S. GAAP were 450 million yuan and nearly 89 million yuan, respectively, achieving a comprehensive profit turnaround. In the fourth quarter, Bilibili's daily active users reached 103 million, monthly active users reached 340 million, and the average daily usage time increased from 95 minutes in the same period last year to 99 minutes