Bilibili Provides Updates on Financial Guidance and Recent Business Developments

SHANGHAI, China, April 29, 2022 (World NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Firm”) BILI, an legendary model and a main video neighborhood for young generations in China, nowadays announced that it has updated its web revenues guidance for the very first quarter of 2022 and provided an update on the Company’s new developments.

With macro-economic disruption brought about by the unanticipated Covid-19 resurgence nationwide in China, and the enhanced Covid-19 limitations and lockdowns in main cities which includes Shanghai considering the fact that mid-March, the Enterprise at present expects net revenues for the first quarter of 2022 to be in the assortment of RMB5. billion to RMB5.1 billion. This compares with the vary of RMB5.3 billion to RMB5.5 billion, as earlier mentioned in the 2021 fourth quarter and fiscal calendar year fiscal final results press launch issued on March 3, 2022, which mirrored the finest facts accessible at the time.

While the around-expression money affect of Covid-19 is fast evolving and challenging to forecast, our enterprise fundamentals stay powerful and our lively group continues to grow. Driven by expanding material and the one of a kind group encounter, regular month-to-month lively consumers had been 293.6 million in the initially quarter of 2022, an improve of 31.5% yr above yr. Regular day-to-day energetic users were being 79.4 million, representing an raise of 32.% yr over calendar year. Common every day time expended for every consumer in the first quarter arrived at 95 minutes, the greatest in the Firm’s operating historical past.

As our communities have joined together in the fight versus Covid-19, the Enterprise is closely checking the evolving circumstance. Our major priority remains the wellness and safety of our staff members, companions, and communities. We are committed to enterprise the needed steps to manage our organization even though undertaking our utmost to enable shield our employees in accordance with the community overall health authorities’ suggestions. We deeply appreciate the motivation of the men and women as we continue being united in working by means of this problem jointly.

The Organization also announced that it will report its very first quarter 2022 unaudited financial final results on June 9, 2022, in advance of the opening of the U.S. marketplaces. It will host an earnings conference contact at 8:00 AM U.S. Japanese Time on the identical working day (8:00 PM Beijing/Hong Kong time). Aspects for the conference simply call are as follows:

All participants ought to use the connection provided previously mentioned to comprehensive the on the internet registration system in advance of the meeting simply call. On registering, each and every participant will receive a established of participant dial-in numbers, an occasion passcode, and a special registrant ID, which will be used to sign up for the convention get in touch with.

Also, a are living and archived webcast of the conference get in touch with will be accessible on the Company’s trader relations site at http://ir.bilibili.com.

A replay of the meeting phone will be available by cellphone two hrs soon after the conclusion of the reside connect with on the subsequent numbers until finally June 22, 2022:

About Bilibili Inc.

Bilibili is an iconic manufacturer and a top movie community with a mission to enrich the every day lifestyle of younger generations in China. Bilibili features a extensive array of video clip-based content material with All the Movies You Like as its benefit proposition. Bilibili builds its group close to aspiring consumers, large-high quality content material, gifted content material creators and the solid emotional bond among the them. Bilibili pioneered the “bullet chatting” function, a live commenting function that has remodeled the viewing experience by exhibiting views and feelings of other audience viewing the same movie. It has now come to be the welcoming house of assorted passions for young generations in China and the frontier to endorse Chinese tradition across the globe.

For far more facts, make sure you pay a visit to: http://ir.bilibili.com.

Secure Harbor Assertion

This announcement contains ahead-on the lookout statements. These statements are produced beneath the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-hunting statements can be identified by terminology this sort of as “will,” “expects,” “anticipates,” “aims,” “foreseeable future,” “intends,” “plans,” “thinks,” “estimates,” “confident,” “potential,” “go on,” or other comparable expressions. Among the other items, the influence of Covid-19, outlook and quotations from management in this announcement, as well as Bilibili’s strategic and operational designs, incorporate forward-on the lookout statements. Bilibili could also make composed or oral forward-on the lookout statements in its periodic reviews to the U.S. Securities and Exchange Fee, in its interim and yearly reviews to shareholders, in bulletins, circulars or other publications manufactured on the web page of The Inventory Exchange of Hong Kong Limited (the “Hong Kong Inventory Exchange”), in push releases and other composed components and in oral statements created by its officers, directors or workers to 3rd get-togethers. Statements that are not historic specifics, which include but not restricted to statements about Bilibili’s beliefs and expectations, are ahead-searching statements. Ahead-hunting statements entail inherent dangers and uncertainties. A quantity of variables could result in genuine benefits to differ materially from all those contained in any forward-on the lookout statement, which includes but not restricted to the pursuing: the influence of the Covid-19 pandemic on Bilibili’s business enterprise, success of functions, money affliction, and stock selling price Bilibili’s approaches Bilibili’s future small business progress, fiscal condition and final results of operations Bilibili’s means to keep and raise the selection of customers, members and advertising customers, deliver quality material, items and products and services, and broaden its product or service and service offerings opposition in the on line amusement marketplace Bilibili’s ability to maintain its society and brand image within its addressable consumer communities Bilibili’s means to control its prices and expenditures PRC governmental procedures and regulations relating to the on the internet amusement field, typical economic and company ailments globally and in China and assumptions fundamental or relevant to any of the foregoing. More data concerning these and other challenges is involved in the Firm’s filings with the Securities and Exchange Commission and the Hong Kong Stock Trade. All info furnished in this announcement and in the attachments is as of the day of the announcement, and the Corporation undertakes no responsibility to update this kind of data, other than as essential underneath applicable law.

For investor and media inquiries, be sure to call:

In China:

Bilibili Inc.
Juliet Yang
Tel: +86-21-2509 9255 Ext. 8523
E-mail: [email protected]

The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: [email protected]

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected]