US Stock Market News | Gross Margin Continuously Increased for the Eighth Consecutive Quarter, Bilibili Surged Over 14%
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Bilibili's stock price rose by more than 14%, reaching $14.79. This is thanks to strong growth in advertising and mobile games, with second-quarter revenue exceeding expectations, net losses significantly reduced, and gross profit margin increasing for the eighth consecutive quarter. In the second quarter, net revenue was 6.127 billion yuan, a year-on-year increase of 16%; net loss was 608 million yuan, a year-on-year decrease of 61%; adjusted net loss was 271 million yuan, a year-on-year decrease of 72%; gross profit was 1.833 billion yuan, a year-on-year increase of 49%, with a gross profit margin rising to 29.9%
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