Bilibili Q3 Financial Report Released: 1.52 Billion Gaming Revenue Sparks Community Debate

Bilibili recently released its Q3 2022 financial report, showing total revenue of 5.8 billion RMB, a 11% year-on-year increase. Mobile gaming revenue reached 1.52 billion RMB, up 6%. However, net losses remained at 1.7 billion RMB, and adjusted net losses actually expanded compared to the previous year.

Following the release, netizens quickly mocked the source media for a blatant calculation error, suggesting the exchange rate would imply a ridiculous 76:1 ratio if the figure were actually 15.2 billion. Users joked that 'Uncle' (a nickname for CEO Chen Rui) would be laughing in his sleep if revenue were truly that high. The community remains skeptical about Bilibili's 'cost-cutting and efficiency-boosting' efforts, with some sarcastically suggesting they might as well pivot to selling medical test kits given the ongoing losses.