Bilibili Inc. just proved “internet culture” can be a real business
TL;DR
Quick Summary
- Bilibili reported Q4 2025 GAAP net profit of US$73.5 million and full-year 2025 GAAP net profit of US$170.3 million, flipping from a 2024 loss.
- Advertising is the star: Q4 2025 ad revenue rose 27% year over year, and full-year 2025 ad revenue rose 23%.
- Engagement remains strong in Q4 2025: 113.0 million DAUs (+10% YoY) and 107 minutes average daily time spent (+8% YoY).
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Disclaimer: KAHROS is a financial media and technology company. The Services, including any AI-generated content and articles, are for informational purposes only and do not constitute financial, legal, tax, or investment advice, nor an offer or solicitation to buy or sell any securities. Market information may be time-sensitive, incomplete, or subject to change without notice. We are not a registered broker-dealer or investment advisor. Please refer to our Terms of Service for more details.
