Professional
Added to YB: 2024-03-13
Pitch date: 2024-03-08
BILI [bullish]
Bilibili Inc.
+92.73%
current return
Author Info
No bio for this author
Company Info
Bilibili Inc. provides online entertainment services for the young generations in the People’s Republic of China.
Market Cap
$74.9B
Pitch Price
$11.96
Price Target
34.00 (+48%)
Dividend
N/A
EV/EBITDA
17.50
P/E
65.94
EV/Sales
1.99
Sector
Interactive Media and Services
Category
growth
Bilibili Inc.: Revenue Acceleration and Cost Discipline Pave Way to Imminent Breakeven
$BILI: Ivan Su maintains $34 PT. Q4 '23 earnings beat, sound cost mgmt. & robust gross margin growth (26.1%, +500bps Y/Y). Despite DAU/QoQ volatility due to seasonality, ad growth & user monetization expected to drive 20% long-term op margin. Highly undervalued at current ~$10, Poised for imminent breakeven & growth with diversified revenue streams & UGC ecosystem. Risks: Intense competition & China's regulatory environment. No economic moat but projected improved ad loads & margins signal growth opportunities.
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