Bilibili’s average monthly active users (MAUs) reached 223.3 million in Q1 2021, and mobile MAUs reached 208.5 million, representing increases of 30% and 33% respectively, from Q1 2020.
Currently, 86% of Bilibili users are below 35 years old. By 2023, its MAU is estimated to reach 400 million, according to its CEO Chen Rui on a previous earnings conference call.
Bilibili’s average daily active users (DAUs) reached 61 million, a 18% increase from Q1 2020. And, the average monthly paying users reached 20.5 million, an 53% increase from Q4 2019.
Bilibili reported a 68% YoY increase in net revenues and reached RMB3,901.1 million (US$595.4 million) in Q1 2021. See the breakdown below:
Gross profit was RMB937.9 million (US$143.1 million), representing an increase of 77% from the same period in 2020, which was primarily due to increased net revenues. Net loss was RMB904.9 million (US$138.1 million), compared with RMB538.6 million in the same period of 2020.
Basic and diluted net loss per share were RMB2.54 (US$0.39), compared with RMB1.62 in the same period of 2020. Adjusted basic and diluted net loss per share were RMB1.87 (US$0.29), compared with RMB1.43 in the same period of 2020.