Bilibili Inc. (09626.HK, BILI.US) Q1 2026 Earnings Conference Call
Live time: May 19, 2026 07:00
Bilibili Inc. (09626.HK, BILI.US) Q1 2026 Earnings Conference Call
Live time: 05/19/2026 07:00:00
哔哩哔哩 (09626.HK，BILI.US) 2026 年第一季度业绩电话会
Summary
00:10
Opening Remarks
The meeting begins with a welcome to Bilibili's Q1 2026 financial and business update conference call.
00:32
Juliet Dong - Forward-looking Statements
Juliet Dong, Director of Investor Relations, provides disclaimers about forward-looking statements and outlines the use of non-GAAP financial measures for comparison purposes.
01:40
CEO Rayton's Business Overview
CEO Rayton states that 2026 has started positively for Bilibili with continued momentum from the prior year, marked by community growth, commercialization, and profitability.
02:10
Key Metrics and Growth Indicators
Rayton highlights a YoY growth in CAUs of 8%, reaching 115M, and MAUs at 376M. Daily average use time was 119 minutes (+11 min), while ad revenue grew 30% YoY.
03:02
Q1 Financial Results
Bilibili's Q1 revenue increased 7% YoY to ¥7.5B. Gross margin grew to 37.1% (+9%). Operating profit multiplied, and adjusted net income rose 62% YoY.
04:04
AI Integration in Content Ecosystem
Rayton discusses Bilibili's use of AI to strengthen its content ecosystem, focusing on video comprehension, recommendations, and creator support tools.
07:05
Growth in Creator Contributions
Daily active creators and submissions grew by 6% and 19% YoY respectively, with high-quality content driven by AI tools. Creator revenue increased 24% YoY.
08:04
Ad Revenue Growth and AI Impact
Ad revenue reached ¥2.6B (+30% YoY). AI tools increased efficiency, with performance-based ads showing a 25% higher CTCVR YoY. Key sectors included gaming, e-commerce, and automotive ads.
10:13
Gaming Strategy Update
Gaming revenue totaled ¥1.5B (-12% YoY). New SLG titles like 'Sunguo' and 'Sanlong' are under iteration and set for 2026 launches.
13:34
CFO Sam - Financial Metrics Breakdown
CFO Sam reviews Q1 2026 highlights: ¥7.5B revenue (+7% YoY), gross profit of ¥2.8B, and adjusted net profit rate rising to 7.8%. Cash reserves at ¥24.2B.
18:06
AI's Role in Growth — Analyst Q&A
Management highlights that AI amplifies Bilibili's unique content and community advantages, leading to increased user engagement and creator efficiency.
30:05
Advertising Performance Trends — Q&A
Ad revenue showed strong growth due to user demographics (~26.5 years). Management sees continued ad system efficiencies via AI solutions in 2026.
42:40
Gaming Pipeline Expectations — Analyst Q&A
Upcoming games like 'Sunguo' and 'Sanlong' are expected to resonate with their target audiences. Global testing for 'Lumi Master' showed positive feedback, with a planned Q4 global release.
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