Bilibili Inc. is scheduled to report results for the third quarter on Tuesday. Here’s what you need to know:
NET LOSS FORECAST: Net loss of the Chinese video sharing company is expected at 2.15 billion yuan ($298.3 million), narrowing from a loss of CNY2.68 billion a year earlier, according to a FactSet poll of analysts.
REVENUE FORECAST: Revenue is expected to grow 10% on year to CNY5.74 billion, according to FactSet.
WHAT TO WATCH:
— REVENUE GROWTH: Amid worsening macroeconomic conditions in China, Bilibili’s latest third-quarter revenue guidance, released in September, has missed market expectations, which in part led several analysts to slash target prices or downgrade ratings on the stock. Investors may focus on how Bilibili plans to weather rising pressure from China’s expanding Covid outbreaks and weaker consumer sentiment.
— MONETIZATION: Bilibili is yet to turn a profit, which has raised investor concerns amid slowing growth and a challenging capital funding environment that could lead to liquidity risk. The market would want updates on Bilibili’s progress toward profitability and monetization.